No. of Recommendations: 2
Just a few days before this "ML for MI" thread was initiated, I had drafted some notes to myself about using AI in combination with MI, with the thought of possibly sharing them on this board. FWIW, here are the notes:
I'm new to this Shrewd forum, so my apologies if this has already been beaten to death. I followed Mechanical Investing assiduously for many years in the now distant past, but haven't kept up for a long time.
My question is whether AI can effectively configure trading strategies optimized for specifiable short-term and long-term financial objectives such as reducing risk, increasing gain, reliably affording income.
It might be responsive to all of our obsessions, from present financial status to age, health, life-expectancy, anticipations ... whatever.
It would access a large library of backtests, and be capable of specifying more, as well as situationally updating an ever-elaborating library of relevant history.
That may sound like a large order, but if it's understandable it's likely achievable, given adequate developmental resources.
Successfully undertaking something like that would require considerable investments of time and other resources.
Some or all of that investment might be recovered by affording an interface for general use that, rather than giving advice, suggests available explorations.
The advice issue is a big deal. You can’t suggest buying a particular stock, like BRK for example, but you can supply a variety of progressions positioning BRK within relevant contexts.
Your business preferences — integrity, solvency, price, sales, earnings, book value, dividends; as well as their momenta and collectively evolving ratios — proffer clues as to whether or not to buy, hold, or sell at any given moment.
Having read what's been shared so far in this thread, I've grown acutely aware of my near-total ignorance in the arena of ML. My thoughts have been related more to employing AI to customize MI. Some of Jim's strategies come to mind as objects of incorporation.
Unq
PS: I honestly can't wrap my head around the notion of developing an investment strategy based upon just two or three years of sample data.
