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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Thirteen – If I Only Had a Brain... – Scott McCormick: The AI Guy

Take yourself back for a moment to the mid-‘80s, that good-time era of corporate raiders and wallowing S&Ls. The economy’s humming along. The stock market’s been jolted from the doldrums by steady infusions of IRA cash. And institutional money managers everywhere are looking for some new kind of tool that’ll help them whup their peers. Who do they turn to for help but a bunch of math, physics, and computer wizards, nerds in the classic sense, who for years have laboured away in dismal academic posts dabbling in arcane areas like LISP, Learning vector quantization and Kohonan architecture. Like rogue governments courting Russian nuclear scientists, the institutional funds ...

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