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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Replying to @jeuasommenulle
It is beyond my comprehension why anyone would want to use a robot to trade. How could you absolutely be sure that it would trade in your interest, or not have a catastrophic bug?
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Replying to @jeuasommenulle
I can see software being useful to make suggestions for tax loss harvesting. But when it comes to pulling the trigger as to actually when to buy and sell, the investor ought to make that choice.
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Replying to @realPaulSantos @jeuasommenulle
Sir can I introduce you to a small firm called "Renaissance Technologies"
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Makes no sense to use Renaissance as justification for roboadvisors working Robo advice is laughable imo. Unless the advice is 60/40… in which case it’s useless
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Yeah that was ... not my point
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I thought I was obviously being sarcastic but apparently not!
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I thought I was being clever but you were clearly being too clever for me!
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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