Thursday, September 25, 2014

Oh Rats!

I was tickled pink when this link turned up on my twitter feed (excerpt):

Investment rats

...One project is Michael Marcovici’s Rat Trader. The book describes the training of laboratory rats to trade in foreign exchange and commodity futures markets. Marcovici says the rats “outperformed some of the world’s leading human fund managers.” The rats were trained to press a red or green button to give buy or sell signals, after listening to ticker tape movements represented as sounds. If they called the market right they were fed, if they called it wrong they got a small electric shock. Male and female rats performed equally well. The second generation of rattraders, cross-bred from the best performers in the first generation, appeared to have even better performance, although this is a preliminary result, according to the text. Marcovici’s plan, he writes, is to breed enough of them to set up a hedge fund...

No, this isn’t an April Fool’s joke. Because believe it or not, here’s what I came across a day later:

The website is here, and the training methods are detailed here. Check out the record of Mr Kleinworth Morgan Jr 5. Brings a whole new meaning to the term “alternative investment”.

I might just recommend this to our investment committee. They could even take me seriously, if they don’t die of laughter first.

3 comments:

  1. Perhaps the investment & portfolio management lads & lasses at Khazanah and 1MDB should be taking notes....

    But the humble "tikus" won't cut it. Kinda lowbrow for these investment blueblood types.

    Anyway, hedge funds have been known to adopt all sorts of techniques and formulae to predict or outsmart the "market".

    I almost wrote " to game the market", but caught myself in time!

    ReplyDelete
  2. I have always believe that this was what it is all.

    Pink is an understatement, blue more like it.

    Zuo De

    ReplyDelete
  3. Part 2

    or maybe every wonk have just have found creative ways to widen tax bases everywhere, imputed income or any income are just as welcome:

    http://www.economist.com/news/leaders/21618784-taxes-are-best-raised-broad-base-many-countries-it-worryingly-narrow-too-reliant

    but then again the proles don’t own the super MNC conglos do they, so who are to blame now, free loading proles or the super spoilt rich:

    http://www.economist.com/news/finance-and-economics/21618911-big-economies-take-aim-firms-running-circles-around-their-taxmen-transfer

    i guess Singapork, Switzerland and lil sunkissed islands everywher..will be unhappy for a change....hahahahahaha

    But equally bizarre is why should the super rich super financiers including probably pink rats be getting twitchy. After all proles are expendable to the economy right? Wrong!!:

    http://blogs.wsj.com/economics/2014/09/22/why-wall-street-cares-about-inequality/

    and for some laughs, beesfarseer trundling out Singapore is pathetic right given the Gini there…thanks for the laughs idiot.

    4. Penultimately, Dr Jantan’s book states everything bar the obvious in its front cover photo and anyone not catching that macho take is missing the boat if you get my drift (wink). I wouldn’t be surprised that a substantial portion of his book affirms what is already known but left unsaid. So reading it as an initiated should be a piece of cake!

    And finally, everyone and no one in particular will doing cartwheels about a shrinking unemployment rate but then again a shrinking LFPR would not figure I guess....
    :
    Now that will do for now.

    Warrior 231

    ReplyDelete