Computers Replace Man?

Everyday in the news we hear about the rise and rise of artificial intelligence - is a powerful computer or AI subscription all that we need nowadays to get rich?

Historical Data

Peter Bevelin had argued that as human beings, we would be wrong to rely exclusively on the reasonings and thinkings of a computer.

In the infamous pre-2000 chess matchups between Gary Kasparov and the artificial intelligence, Deep Blue, it appeared that man may have had met its match in the game of competitive chess.

Peter Bevelin explains that Deep Blue made its reasonings based on historical data (of all the chess matches ever recorded to have been played). Its maneuvres were hardly the result of man's natural selection, evolution, or in other words, natural patterns of thinking. Man's patterns of reasoning spring from a mind, brain and nervous system developed through genetic code recording and responding to a milenia of natural selection and evolution, and centuries of chess games, subconsciously recorded, and is more than likely to be able to make correct choices for an individual in the future, as opposed to a computer, which makes choices based on logic and historical data.

Artificial Intelligence for Trading

Indeed, trading algorithms particularly have been known to continue to make errors in its trading decision making, and more so, may not be safe during modern business disruptions that cannot be anticipated by the computer.

Are you certain you wish to entrust your substantial capital to a trading algorithm, which needs to maneuvre through the uncertainties of an emotional / irrational and volatile stock market?

Comments Below

Should you have any thoughts on this matter (made, for example, by Peter Bevelin, in his book, Seeking Wisdom: From Darwin to Munger), please do not hesitate to leave a comment in the comments section below. Questions and likes are welcomed also!