Just as blindly following satnav instructions can be problematic for drivers, says John Husselbee, we should all be wary of completely removing human input from investment decisions
Stanislav Petrov is credited with being the man who saved the world from nuclear war on 26 September 1983. He was the duty officer at the command centre for the Oko nuclear early-warning system when the computers reported a handful of missiles were heading to the Soviet Union from the US. Petrov, who died in September 2017, correctly decided the report was in fact a computer error as a first-strike nuclear attack was likely to involve hundreds of missiles. This is obviously an extreme example but it demonstrates the continued importance of human insight and experience rather than relying...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes