Automation =/= Salvation

Today software is often seen as the solution to nearly all of mankind’s problems, and to an old fart like me, when I’m not swearing at it too much to notice, information technology can indeed seem nearly miraculous at times. But before allowing yourself to be overcome by the siren call of technology as the solution to your problems, here’s something to consider: If you can’t get a slow, manual, human-based process to work well, all that automation will do is allow you to screw up at a much faster pace, with every mistake instantly propagated throughout the system.

The latest software and technology doesn’t guarantee success, and the lack of it doesn’t guarantee failure. The process itself is far more important than the platform and software than runs it, whether it’s a co-located HFT black box or the wetware between your ears.

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