BlackRock's Robot Stock-Pickers Post Record Losses
One of these days I may finally understand what was the problem we were trying to solve with all these increasingly complicated financial thingamajigs. And what exactly is the benefit we derive from them.<p>Not betting on it, though.<p>P.S. Looking for something simple, e.g. &quot;If you have derivative trading, your GDP will be 5% larger, and the gain is spread across the population in proportion to income.&quot; The kind of things you have for engine efficiency, or compiler optimization ...