The Next Warren Buffet Will be a Data Scientist

When 80% of market trades are done by machines, the only people capable of beating the market, are Data Scientists.

Magnus Carlsen is the highest rated chess grandmaster. He once beat 10 Harvard lawyers in chess simultaneously, while blindfolded. He is widely accepted as the best chess player to ever exist. That is, when it comes to competing against humans. Computers though, are a completely different story. In fact, Magnus has completely given up on the idea of beating the top AI chess engines. He once said,

“I can’t beat the best computers. They have complete information, so how could we expect anything else?”

Like Magnus, Warren Buffet is a master of his craft (net worth 72.6 billion dollars). And like chess, investing heavily relies on a person’s ability to predict future movements.

About his investing success, Warren once famously said,

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful”.

In this quote, he clearly states that his success investing relies on his ability…