System traders still have an important old ally: human nature. Human nature has not changed. Fortunately, there are still a lot of people trading on their instincts. But there’s no question that the game has become much more difficult. In evolutionary biology, one of the proposed solutions to the question of why sexual (as opposed to asexual) reproduction is so abundant is the Red Queen Hypothesis, based on the character in Alice in Wonderland in whose country you had to run as fast as you could just to stay in place. The idea is that competition is so severe that a species has to evolve as
...more
