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He 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 companie
by kirillseva 8y ago
He 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.