All the data you can eat
ROTM

The meatsacks are superfluous to requirements

Adam Oxford
Adam Oxford
2020-12-11

There’s a well known truism that if you’re the type of person who buys stocks and shares, you’re better off getting into an index-linked fund rather than trusting a human broker to make purchasing decisions for you. Index funds almost always outperform managed ones, passive investing for the long term delivers better returns than short term active investing. Further evidence that a certain class of banker is doomed emerges in paper by the National Bureau of Economic Research. Their analysts have determined that because so much active investing is carried out autonomously now, by AIs which make buy and sell decisions faster than humans can, companies are writing their annual reports in ways that are specifically designed to be machine read, not by biological eyeballs. John Naughton has a nice write up at The Guardian about it.

Adam Oxford
  • Adam Oxford is a freelance journalist, media consultant and civic tech enthusiast. He also works closely with startups developing solutions to access to justice problems.

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