141–150 of 167 posts
Here is the paper, which is not linked in the news article - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3127825
>"Perhaps most surprising, the researchers found the median fund-month download amount is only four filings while the mean was 672, suggesting that relatively few funds are accessing vastly more information." Interesting...
Not really. A million casual retail investors download 4/month, and ten-thousand pros download all available data.
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assuming your account was FDIC insured. then why even bother taking out money less than minimum FDIC assured sum.
My more pessimistic estimates put the losses at more than the FDIC had at the time and I have no idea what happens when the FDIC runs out of money. It probably wasn't rational but I was really scared.
I tried to get bulk data from EDGAR a while back. Turns out bulk data acquisition has been turfed to a third party, which charges for downloads. This is supposed to be federal free data, I was so pissed off. I am still pissed off.
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My understanding is that if it weren't for TARP several more publicly traded investment banks would have collapsed not to mention wider collateral damage in the market.
True, but "politics distort prices" does not imply that "without politics, prices are accurate", which is what you claimed. Bubbles existed before Keynesian policies.
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Renaissance Technologies has completely automated the process of signal discovery.[1] They don't hire researchers to manually derive novel insights or trading models from data, and they don't really bother with exclusive sources of data. Instead, they hire researchers to improve methods for automatically processing vast amounts of arbitrary data and extracting profitable trading signals from it. When most funds say t…
How scalable is RenTec? Can they go up to 100B in AUM? 200B?
Around 2008, I read some public filings by banks. I made only two back-of-the-napkin adjustments: 1) I combined off-balance sheet assets and liabilities into the balance sheet, and 2) I changed the expected % losses to approximately that of Wells Fargo. With those two simple adjustments, I saw that some big banks were in the hole by (combined) tens of billions of dollars. The market prices for these banks made it cle…
Isn't all Warren Buffet & Charlie Munger do for a good portion of the day, like 6 hours is 'READ & THINK'. Then do nothing else.
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Sure. 1. I'm friends with multiple people who used to work at Renaissance, and I've directly spoken with folks who are currently there (among other, similar firms). 2. I've read the research published by professors and post-docs before they were hired. 3. I have first hand experience developing forecasts for various market research firms and many hedge funds. I've seen first hand what the difference is between the fi…
Would things like “dimensionality reduction” and other cutting edge ML techniques at least help ? As in, help you become a better “manual” quant researcher or help you develop shitty (relative to RenTech), but still profitable strategies? Do you have any other keywords? “Learning from few examples” comes to mind...
Around 2008, I read some public filings by banks. I made only two back-of-the-napkin adjustments: 1) I combined off-balance sheet assets and liabilities into the balance sheet, and 2) I changed the expected % losses to approximately that of Wells Fargo. With those two simple adjustments, I saw that some big banks were in the hole by (combined) tens of billions of dollars. The market prices for these banks made it cle…
Hi what accounting topics would you have to learn in order to read the 10-Ks? I have basic understanding in economics and CS. Thank you.