Internet-Based Global Investing
Jean-Marie Choffray was investigating the role of the Internet as a global investment platform long before the current financial crisis. The consequences of today's crisis on financial actors, including investment banks, insurance companies, pension funds and other hedge funds, continue to be debated far and wide. As the author stresses, this exceptional situation "invites modesty and underlines the necessity of questioning the relevance of the concepts, models and decision-making tools to which institutional and individual investors turn". The analysis which he presents covers the dynamic behaviour of markets, of businesses and of investors.
A new discipline
As he explains, his interest in the 1980s for models of market response, applied computer science, and intelligent management systems, led him to observe the emergence of a new discipline: Internet-Based Global Investing. "This discipline is at the crossroads of IT, statistics, psychology, and finance. It is a new ecosystem which is likely to lead to the development of major innovations in the fields of computer networks, statistical analysis, and real time investing. Finally, this is an exceptional opportunity for both individual and institutional investors, who finally find themselves at the core of what I call World Street."
(1) Jean-Marie Choffray, chapitre à paraître dans F. Longin, éditeur : Gestion de Patrimoine (Paris, 2011).