Attack of the Data Miners

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Anthropologist Barnett, reflecting on the brokerage business, says, "You can't do it intuitively anymore." He adds, "The next generation of computer architecture, be it massively parallel programming or 64-bit addressing or hyper- or meta-computing, essentially is going to be data mining where the data will be searched in even finer granularity to discover patterns that even this generation can't get at."

His somewhat glum conclusion: "So wait till the Generation Y quant people hit Wall Street." When this occurs, at least one Generation X precept is unlikely to be disproved. As one quant said last week, "If you make money, ) nobody calls you a geek."