The Foreign Exchange Trading Program

When I was in Bali this past summer I took a couple of lessons on one of the Balinese metallophones used as part of gamelan orchestral music.

My teacher was exacting in the subject of his expertise. He insisted on me getting the technique and notes correct from the start and only let me proceed after I memorized each part of the song. No written music is used. After a time, hammer in hand, I came to appreciate the commitment that he demanded from each stroke against the instrument's metal bars.

During a tea break, seeing that I wore a Columbia Business School t-shirt, he asked me about foreign exchange trading, a subject I know nothing about except that it is exceptionally difficult to profit from it. The gamelan teacher wanted to buy a FX computer trading program which would trade for him based on preset parameters.

The whole idea seemed absurd. Here we were in the courtyard of a home in Bali, chickens running around, someone making batik next door. I advised him against the trading and I hope that he did not start speculating. But now I wonder: to what degree does what today passes for cool business logic and modernity, say in the form of business research, actually differ from his FX trading program?