Fourth Industrial Revolution

Why AI hasn’t taken over the financial markets. Yet

A pedestrian is reflected in an electronic board showing the graph of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo March 13, 2015. Japanese shares extended gains on Friday as industrial robot maker Fanuc jumped more than 10 percent on a report that it will consider raising its dividend and buying back stock. The Nikkei share average rose 1.3 percent to 19,242.17 points by late morning, a level last seen in 2000, while the broader Topix rose 0.9 percent to 1,560.52, a seven-year high. REUTERS/Yuya Shino (JAPAN - Tags: BUSINESS) - GM1EB3D0XTW01

Analysts say the market is dominated by algorithmic trading. They couldn't be more wrong Image: REUTERS/Yuya Shino

Gareth Shepherd
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Fourth Industrial Revolution

From the annotated text of Benjamin Graham's classic The Intelligent Investor
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