3 ms·
This is the same folly as Long Term Capital Management. You're not going to be able to reliably model asset prices at the resolution and accuracy needed to fro
by ok123456 5y ago
This is the same folly as Long Term Capital Management.
You're not going to be able to reliably model asset prices at the resolution and accuracy needed to front run the market for a long period of time. This case was worse because the "Zestimate" directly created a feedback loop that moved the underlying asset prices higher.