Machine vs. Man — Algos the Winners Post Brexit

“The computers got it right and the humans got it wrong,” was the gist of last week’s Wall Street Journal article about attempts to capitalize on the Brexit vote. This was partly due, it said, to the fact that too many investors were prone to “projection bias”: that is, betting on what they wanted the outcome to be. A fund category sometimes referred to as commodity trading advisors (CTAs) uses trading algorithms to identify market… Read More