this post was submitted on 01 Apr 2024
220 points (96.2% liked)
Work Reform
13423 readers
148 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The hunt for a 100% predictable investment system based on computers has been going on since atleast the 90s, and has never worked long term:
https://www.dailymotion.com/video/x225si7
No but frankly there shouldn't even be the legality to try and pursue it. On the remote chance someone actually creates a working model that beats average performance, it more or less destroys the uncertainty on which the current economic order stands, and in this case, not in a good way.
We'd transition instantly from financial oligarchy to financial dictatorship.
Say that a model like that would be possible to create, it won't be created in a vaccuum, other companies would invest billions into new models trying to compete with this new model, creating a new kind of market, needing new tactics that the super model probably can't deal with as well.
The stock market is a completely irrational market, look at GameStop, the stock became crazy overvalued and bore little resemblance to the actual company value.
In this irrational marketplace you can't rationolize it with models and expect them to work long term, the market can shift in an instant in ways that computer's can't predict just as other changes are changes that humans can't predict, I doubt there will ever be a super model that can do it all for any kind of extended time
A mathematical model can't predict stock due to irratic behaviour as you have said. AI being fed tons of data though, perhaps earlier than the general public through insider programs, could definitely beat the average trader. Still, this would just be the rich leveraging unfair advantages they already have in a more efficient manner.