At BlackRock, Machines Are Rising Over Managers to Pick Stocks - The New York Times
▻https://www.nytimes.com/2017/03/28/business/dealbook/blackrock-actively-managed-funds-computer-models.html
“The old way of people sitting in a room picking stocks, thinking they are smarter than the next guy — that does not work anymore”
the new way?
On Tuesday, BlackRock laid out an ambitious plan to consolidate a large number of actively managed mutual funds with peers that rely more on #algorithms and models to pick stocks.