May

12

"Can Kensho Bring Google Style Search to Stock Picking?"

Apparently the program developed by Susan and me 37 years ago, and continuously used by this firm and my many followers and employees thereafter and it's many imitators has yet another instantiation.

Shane James adds:

There have been products like this around for years. Some of the brand names are/were LIM (now a Morningstar product), ECOWIN , Ranger and one other I have seen whose name I shall not mention.

Some of the differentiating variables between them are:

1. quality of source data ( stale, as is, 'real' files). One of the above uses revised economic data to test on financial market activity that occurred before the revision!!!!!!!

2. speed.

3. security.

It makes my old bones feel better to read an article whose author implies than RenTech are quaking in their boots about this or that new machine that in the hands of 99.999 percent of people would lead to the 'discovery' of non predictive, non valid relationships between asset prices.

As for the involvement of a major Wall Street bank. Let's just say you were sitting around asking the computer what happens to Y when X happens and you uncovered the grail… Well… Do you really believe that the spyware build in to these things would not report same to the in house guy at the bank.

Energy traders are particularly fond of one of the products above, to a firm, none of them use the GUI provided but rather lease the data bases so they can better protect themselves.

I am sure the latest 26 year old who wears Converse shoes around the office and has a soft play area to de stress will have the market shaking in their boots. By the way, did the protagonist contact the SEC, CFTC, the police– whoever– about the alleged calls from the hedge fund traders???

I'm just saying is all….


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search