An investigation by the Securities Department found that Zedlitz, who owned Z's Grill at Garfield, had promoted himself as a former Wal-Mart computer wunderkind who retired in his early 40s because he had designed a computerized investing
program that was so successful that he had been hired as a consultant by the Scottrade online brokerage.
It was Meriwether who saw a way to package academic celebrity, infatuation with the new technology of computerized investing
, and his own aloofness into the creation of a firm that would snow the big money men in New York, Paris, and Zurich, bringing in the hundreds of millions of dollars of loans needed to leverage LTCM's trades.
sponsors an annual conference, Compufest, that emphasizes computerized investing
and the Internet.
Using a RiskGrade number as a barometer allows investors to easily tailor a portfolio to meet their personal risk tolerance and investment goals," said AAII's editor of Computerized Investing
, John Bajkowski.
Those who sign up for a subscription to the newsletter also receive free access through the INVESTools website to a book on computerized investing resources, "The Individual Investor's Guide to Computerized Investing.
AAII is a great service and I am proud to offer Computerized Investing on INVESTools.