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Yes, I mean of course randomness beats any algorithm or applied theory, but it is not uncommon to find statements like "this algorithm gain x% in this stock sim
by fuminides 6y ago
Yes, I mean of course randomness beats any algorithm or applied theory, but it is not uncommon to find statements like "this algorithm gain x% in this stock simulator", whilst no real world validation was actually performed. I think that putting a little bit of "skin in the game" might help me better understand how the stock buying/selling/predicting actually works.
- superbcarrot 6y agoIn 2020 Bridgewater Associates which is the largest hedge fund in the world lost double digits on their main fund. They spend billions on research, have a lot of experience and many talented people working for them. At the same time people who yoloed on Bitcoin and Tesla from their phone app while sitting on the toilet have made multiples of their original investments. The gap between theory and reality is so big that you're wasting your time reading papers about this. Unless you want to do it for a living - in that case read up as much as you can, your technical background and PhD will help get a job in finance, and then you can be one of the people who pretend to know what they're doing.
- fuminides 6y agoUsed* to! I stopped some time ago, but the idea of putting something "real" (but small) into real practice still bugs my mind. I am no more interested in getting a job in finance as I am in getting a well payed job in general, and I still have 1.5 years of full time PhD thesis, so it is not a very short-time goal either. Thanks for the insights, by the way.