Ep. 466: Don't Worship the Computer with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Evolution of the Elevator
In the early days, they manipulated a curious handle that could be swung clockwise or counterclockwise to make the elevator go up or down. Their training consisted in memorizing the rules and then practicing following the rules until it became second nature. Anybody who followed the rules exactly was an excellent elevator operator. Now imagine what happened when it became possible for a simple computer program to take over all of the control tasks of the operator. In fact, this happened gradually with automatic mechanical devices being introduced to take the more skilled tasks away from the operator. But we'll imagine that elevators went from human operators to completely computer controlled systems in one leap.
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