What do quantitative traders really do?

Renaissance Technologies, one of the world’s most successful hedge funds, employs hundreds of physicists and mathematicians (it avoids MBAs and those with experience on Wall Street) to devise strategies to beat the markets. It uses what are called quantitative techniques. A quantitative approach tries to detect statistically significant patterns in...

How destructive financial theories are embedded in the system

One of the key reasons why the world went through a gut-wrenching period for much of 2008, when markets were frozen and economies and institutions were destroyed, was ironically the very theories from financial economics that supposedly help companies raise money cheaply and make markets more efficient. This book shows how.

Most people find financial markets complex, investing too risky and the frequent ups and downs in stocks too unnerving and confusing. Financial markets also happen to be heavily regulated. One can’t blame investors for losing their way while figuring out the products, players and procedures, rules, regulators and risk-reward trade-offs. This book is designed to help new as well as experienced...