, Columnist
The Chatbot Will Pick the Stocks
Also cocoa, voting and Hunterbrook.
If you had a robot that could tell you what stocks would go up, what would you do with it? Here are, I think, the two plausible answers:
The key thing about these answers is that you make money from picking the stocks that go up. Because your robot can pick the stocks that will go up! That’s a differentiated robot! Arguably Renaissance Technologies built a robot that tells it what stocks will go up, so it sequentially tried Approach 2 (hedge fund) followed by Approach 1 (make too much money, close hedge fund to outside investors, invest their own money). Both good approaches.