I'm struggling to reconcile 3 facts: i) if you think robots can invest, I have an Eiffel tower to sell (**) ii) Nutmeg is a Roboadvisor with 9m£ turnover and -21m£ P&L iii) JPM just paid 700m£ for it. Hey, JPM, if I put a robot costume on, will you pay me 700m? (**) T&C apply
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The market for Eiffel Towers is very deep & liquid
Hah, I am responding (mostly jokingly) to “it is beyond my comprehension why anyone would want to use a robot to trade”
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I’m fully against using robots to trade. That’s why I send all my orders as hand written letters to the relevant exchanges.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Jokes aside you make a very good point which is that the quant/AI umbrella is used for extremely different things and some investors might be tricked into believing they are accessing Medallion fund type of returns or processes- which they are obviously not
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Most of finance is a scam period But there are both very good human and robot investors though Usually, normies only have access to the scams unfortunately
End of conversation
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