Author: Graham Laight
Date: 15:04:51 06/06/01
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On June 06, 2001 at 13:24:26, Chris King wrote: >On June 06, 2001 at 13:01:56, Graham Laight wrote: > >>Once upon a time, chess computers were expensive, and not especially good. >>Gradually, they became cheaper and better. Now anyone (who already has a >>computer) has the ability to sit at home and generate excellent chess moves very >>cheaply. >> >>Right now, if you want to buy the stock selection program "Tradingsolutions", it >>will cost you $1,000. Presumably, it will allow you to select stocks and time >>your purchases to improve your chances of making money. > >If the people who make this program are so clever why aren't they making >fortunes for themselves on the stock exchange, instead of trying to con people >into buying their overpriced program. Granted - a good point. However - I wish to make 3 points in reply: * it probably makes better recommendations than most of the public would * the same question should be put to stockbrokers, media tipsters, fund managers, or anyone who ever recommends shares * eventually, students in universities will be doing such programs as projects -g >CK > >> >>In the fullness of time, one would expect the number of people using such >>programs to increase, and therefore for stock market timing and selection in >>general to improve. >> >>However - if most market participants become cleverer at stock selection, nobody >>will ever buy a stock if it is significantly above its "true" (by consensus of >>trading programs) price. Equally, people will be unwilling to sell below the >>"true" price. >> >>The consequence of this will be that stock market graphs, which are currently >>bouncy and full of life, will become a deathly dull flat line. No more >>opportunities to make "a killing" for anyone. >> >>Right now, I believe that this, fantastic as it sounds, will actually happen. >> >>AI could have many strange, unexpected consequences! >> >>n.b. - website for AI trading - http://www.neural101.com >> >>-g
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