An interesting and quick read from Pacific Investment Management Company (PIMCO).
It takes a look at machine learning in investing:
- machine learning (ML), which we define here as including deep learning and artificial intelligence (AI)
- it is not a panacea
- and if used indiscriminately or for the wrong applications, it can be counterproductive
It asserts what MI is good for (prerequisties to apply it)
- and what it is not good for.
And how to use it:
- as complementary tools to enhance our time-tested investment process, not as replacements for it
Scroll down past the MMT stuff (zzzzzzzzzzzzzzzz). Or have your machine scroll down for you.
Credit: Google News