Friday, February 12, 2010

Revenge of the Nerds: The New Masters of the Wall Street Universe

Using sophisticated algorithms and computers, quants like Ken Griffin, Jim Simons and Peter Muller set up what would become wildly successful hedge funds.



While pendulum swung in favor of geeks (algorithms), it will have swung back to the guts traders after this is over. Follow the money. The large specs, domain of the algorithms, are increasingly shred to pieces in markets such as gold, silver, and major currencies. See for yourself - follow the money. The algorithms better adapt or their coffers will be emptied.

Source: finance.yahoo.com

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