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Old 11-24-2006, 12:15 PM   #1
TopHosts NewsMan
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Post Stock-Picking Computers

eldavojohn writes "A while ago, Slashdot ran an article on Algorithms used to augment or replace ****ysts. Today, the NY Times is running an article on stock-picking computers with quotes from the lovable Ray Kurzweil." From the article: "'Investment firms fall over themselves advertising their latest, most esoteric systems,' said Mr. Lo of M.I.T., who was asked by a $20 billion pension fund to design a neural network. He declined after discovering the investors had no real idea how such networks work.' Why did he decline? 'I'll build a stock market neural network for a couple thousand (you'll just need five thousand years of market data to train it before it actually works).'"



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