If you stumbled upon this without reading Part I first, you can read it here.
I always had a certain curiosity (there’s that word again) with the idea of artificial intelligence. You can’t blame science fiction for this. It was simply the challenge. Artificial intelligence represents the Holy Grail of mathematics. It’s not simply ramming a bunch of formulas through faster and faster processors. It’s going a step beyond. It’s giving the computer a basic set of instructions, then allowing it to begin programming itself by building on top of that foundation.
Naturally, I monitored the subject. This is one reason I knew about the Boston-based investment adviser BatteryMarch, although, technically, it wasn’t artificial intelligence; it was just another example of brute force processing. For the inside dope on AI, I didn’t rely on the Wall Street Journal or even the data processing trade press. No, I paid attention to Continue Reading “My Life With AI—Part II: The Search For The Holy Grail”
Should You Slap A Simple Single Or Swing For The Fences?
Photo by Ulrik on Freeimages.com
This could easily become a column on successful investing, but it’s not. It does, however, reflect a Noble Prize-winning concept that has propelled successful investors for more than half a century. It’s simple. I’ll explain it quickly.
Every investment option possesses two critical factors: risk and return. Scholars credit economist Harry Markowitz as the first to identify the correlation of risk and return. In his 1952 paper “Portfolio Selection,” Markowitz, the father of “Modern Portfolio Theory,” says low-risk investments can yield low returns and high-risk investments must yield high returns. The “can” and “must” refer to the price you should reasonably pay for the investment.
But this column isn’t about successful investing, it’s about life. Specifically, your life. More precisely, the choices you face in your life. Understanding the dichotomy between “low-Continue Reading “Should You Slap A Simple Single Or Swing For The Fences?”