Abstract

In their 1995 article entitled “Quantitative and Computational Innovation in Investment Management,” Leinweber and Arnott (1995) raised two questions: “If you had unlimited computational power, what would you do with it?” and “What would you do differently if you were completely unconstrained by the capacity of your computers?” By slightly rephrasing these two questions, we immediately see a “digital” version of these two questions: “If you could digitize everything, what would you do with it?” and “What would you do differently if you were completely unconstrained by the capacity of your digitalization?”