Andrew Lo notes that beating the market does not come easy, nor is it something that is easy to maintain. Lo likens the pursuit of above-average returns to that of a company trying to maintain its competitive advantage. After introducing a hot new product, a company cannot just sit back and wait for the money […]
Tag: innovation
Innovation as a function of R&D investments? not so much; check your network first
Image via Wikipedia Some excellent insights into the power of quality connections and the network effect with respect to R&D, innovation and open borders Hard times call for new solutions and we are starting to take a good hard look at how innovation really works and what we can do to improve performance. Recent reports […]
Gelernter on the Internet and mastery
Image by Todd Barnard via Flickr One of my heroes is David Gelernter. He is a professor of computer science at Yale and chief scientist at Mirror Worlds Technologies (New Haven). His research centers on information management, parallel programming, and artificial intelligence. The “tuple spaces” introduced in Nicholas Carriero and Gelernter’s Linda system (1983) are […]
Traders roundtable: the three phases of new system innovation
At a recent traders roundtable discussion, we started to review the procedures and practices that each of us followed for coming up with new ideas to trade the market. While each trader have their own specific routines and follow, there were some aspects of their practice that were in common with each other. Here are […]