Can a Computer Be As Good As Buffett?
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Monday, November 05, 2012

Can a Computer Be As Good As Buffett?

Can you make a computer as good an investor as Warren Buffett? One investment firm thinks it can, according to the Wall Street Journal.

According to an article today in the Journal's monthly "Investing in Funds" special report, AQR Capital Management [profile] recently published a paper claiming that the shop, which runs 16 mutual funds, has developed a system that picks stocks like Buffett.

The Greenwich, Connecticut-based alternatives mutual fund shop declined to comment on whether it plans to roll out a mutual fund based on its Buffett simulator.

In Britain, meanwhile, an asset manager has created a fund that it says follows Mr. Buffett's investing principles. The one-year-old fund's manager, Keith Ashworth-Lord, is trying to figure Mr. Buffett out.

"I'm the apprentice and he's the sorcerer," Mr. Ashworth-Lord says.

According to the paper, the actively managed fund, ConBrio Sanford Deland UK Buffettology, from Sanford DeLand Asset Management Ltd., scours the U.K. market for the sorts of value stocks it thinks would excite Mr. Buffett. Recent buys include Domino's Pizza Group, a U.K. company that operates Domino's outlets in England and some European countries, and liquor company Diageo PLC.

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