June 14, 2010

AI That Picks Stocks Better Than the Pros

Christopher Mims

A computer science professor uses textual analysis of articles to beat the market.

The ability to predict the stock market is, as any Wall Street quantitative trader (or quant) will tell you, a license to print money. So it should be of no small interest to anyone who likes money that a new system that works in a radically different way than previous automated trading schemes appears to be able to beat Wall Street’s best quantitative mutual funds at their own game.

Full story at Technology Review

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