The algorithms take over the stock markets: why the next Warren Buffett won't be human

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The algorithms take over the stock markets: why the next Warren Buffett won't be human

In December 1979, Michael Marcus, a Californian commodity trader, made the move of his life. He saw on television the news that the Soviet Union had just invaded Afghanistan, and immediately ran over the phone and called Hong Kong. He used to operate there taking advantage of the time shift benefiting him in front of his colleagues in New York, asleep at the time. After verifying that no one seemed to have heard of the beginning of the war and t…