Artificial intelligence systems that follow ‘more right than wrong’ rules can deliver long term benefit to pension savers, writes Andrew Martin
In the dim and distant past, when I was still an IFA, a couple of work colleagues did rather well switching their investment bond funds on a near-daily basis. They had a pretty formulaic way of deciding which fund to be in on what day. I don't remember too much of the detail. If I say the trades were placed using fax machines then you can work out how many decades ago. The process went something like: call your granny, ask her to look at Ceefax on the TV (if you're too young, look it up), get her to read out the overnight movements of some key indices from around the world, make a dec...
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