Plato Asset Management’s Dave Allen says the winners and losers of stock picking will, in a not too distant future, be divided between those who can wade through infinite reams of data at speed and those who can’t.
Traditional bottom up fund managers, who use human judgement and analysis rather than algorithms that can scrape millions of earnings call transcripts and analyst reports, remind him of the Japanese companies still using fax machines deep into the 21st century.
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