Mauboussin On What Investors Can Learn From Freestyle Chess

It’s been a long time since humans have been able to hold a candle against top chess programs, Kasparov famously lost to Deep Blue back in 1997 and amateurs have been losing to computers for even longer, but that doesn’t mean that people have become obsolete. Freestyle teams, which combine human and computer players, are still consistently better than machines playing on their own. “We believe that some of the lessons of freestyle chess are useful. Properly done, a melding of fundamental and quantitative methods may well yield better results than either of them on their own,” write Credit Suisse…