I was included in a recent article on the future of quantitative finance:
Future of Wall Street: Rise of the Machines
Sam Gustin, the author, was easy to work with.
Before publication I only knew about my interview but the article digs up some interesting things that I had never heard of, one example:
Legend Advisory, a Florida-based division of mutual fund giant Wadell and Reed, manages over $1 billion using a computer model called the Asset Allocation Neural Network, or AANN. (The company pronounces the model "Anne" and refers to it as "she").Of course there are the Frankensteinesque mad scientist quotes too-
"AANN is a human being without a heart," said Shashi Mehrotra, Legend Advisory's chief investment officer.Anyway it's a short read. I was in part II, there's also a part I. It also appears here on Wired.com since it's some sort of cross-promoting tech/business section.
3 comments:
Hello, GREAT blog, I find it marvelous the amount of information and insight you bring to this site.
I want to ask you a few things, if you don't mind. I'm also a student (not from US, but it would be an equivalent of a double major in Applied Maths and Economics) and one of my greatest problems is getting and managing data. How do you cope with it? Do you have a SQL server containing all the data and using matlab to backtest?
Where and how to you get the data? I'm pretty good with C and scientific computing(Matlab, R) and pretty literate in Java but I have no experience with network programming, i.e. connecting an application to a server and retrieve info. What I do is download spreadsheets and create a "master" spreadsheet, but it's very bad for formatting and updating. If you could give some tips and advice on books to purchase!
By the way, do you know what's the difference between Statistical Learning and Machine Learning?
Wish you good things in the IB competition.
If you do respond me, try my email: hmenke@gmail.com
Cya.
Hello, GREAT blog, I find it marvelous the amount of information and insight you bring to this site.
I want to ask you a few things, if you don't mind. I'm also a student (not from US, but it would be an equivalent of a double major in Applied Maths and Economics) and one of my greatest problems is getting and managing data. How do you cope with it? Do you have a SQL server containing all the data and using matlab to backtest?
Where and how to you get the data? I'm pretty good with C and scientific computing(Matlab, R) and pretty literate in Java but I have no experience with network programming, i.e. connecting an application to a server and retrieve info. What I do is download spreadsheets and create a "master" spreadsheet, but it's very bad for formatting and updating. If you could give some tips and advice on books to purchase!
By the way, do you know what's the difference between Statistical Learning and Machine Learning?
Wish you good things in the IB competition.
If you do respond me, try my email: hmenke@gmail.com
Cya.
Jack, I emailed you
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