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Depends deeply on the time period and this list is most likely due to survivor bias. See Warren Buffet's hedge fund bet as a good semi recent example.
by yellow_postit 8y ago
Depends deeply on the time period and this list is most likely due to survivor bias. See Warren Buffet's hedge fund bet as a good semi recent example.
- kirillseva 8y agoHe was daring a human-managed fund to outperform S&P500. I don't think Warren is an authority on market's microstructure and quant trading, which these companies exploit. Basically on very quick trades machines outperform humans. For long term investment a prediction market (stock market index) outperforms humans and machines.