Ep. 466: Don't Worship the Computer with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Power of Algorithms
The idea that an algorithm is a full proof and somehow mechanical procedure has been present for centuries but it was the pioneering work of Alan Turing, Kurt Godel and Alonzo Church in the 1930s that more or less fixed our current understanding of the term. Three key features of algorithms will be important to us and each is somewhat difficult to define. Number one, substrate neutrality. The procedure for long division works equally well with pencil or pen, paper or parchment, neon lights or sky writing using any symbol system you like. Many familiar arithmetic procedures such as performing long division and balancing your checkbook are algorithms. And so are the decision procedures for playing perfect tic-tac-toe ever
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