Guy wants us to believe his models are good but believes that 97% of papers in a particular journal being by white American males means that a paper by somebody outside that group has only a 3% chance of acceptance. :facepalm:
@Felipe-b6m4sАй бұрын
I've never heard so much BS from a quant who makes money selling courses.
@ChrisSargent-f5jАй бұрын
Johnson Jessica Martinez Michelle Taylor Timothy
@roc78802 ай бұрын
usually revieweras do not read the papers, they have them to some students or interns, who might read or might not.
@Charlie-gf4mv2 ай бұрын
If he's this far ahead of wallstreet why is he giving a lecture to a small room and not on his yacht. I don't mean to be nasty but the point is sound.
@kshitijshekhar1144Ай бұрын
usually very complicated mathematical models backfire. There's a sweetspot
@sinamirmahmoud76063 ай бұрын
this guy is out of this world
@mosesfennel3 ай бұрын
Great point of views, thank you for sharing.
@TangentialTechnologies-hx8ln4 ай бұрын
Dude is calling everybody out. Hhh
@falconeagle36554 ай бұрын
Whatever this person is saying is invalidated by Jim Simmons. He was the pioneer in the field of quantitative finance and still his company is the flag bearer.
@josepenha15199 ай бұрын
♥
@alejandromahecha50129 ай бұрын
Is ecology
@ekartene9 ай бұрын
even so, Louis CK isn't the ultimate expert on this??
@timbartlett48985 ай бұрын
😂
@HitAndMissLab10 ай бұрын
this guy is clueless joke. If quants are so wrong, why are quants replacing lawyers like himself with AI ;-) ;-) ;-)
@shuma340110 ай бұрын
Could you provide more details if possible? I'm intrigued by your perspective, but I lack a background in the field and am curious to understand further.
@hanskloss77262 ай бұрын
these models are as good as predicting future as the current models of weather that cannot predict anything further away than few days and sometimes not even that. Timescales of course are different but the analogy stands.
@prashantrai124011 ай бұрын
9 likes
@george697711 ай бұрын
Short dated US Treasuries or UK gilts are safer than corporate bonds. A guarantee is only as good as the body giving it. Why would anyone recommend an AIG product as being ultra safe to park money needed to pay tax? Incentives?
@sergioalmasy872211 ай бұрын
The module B124 Fundamentals of Accounting gives exemptions to the IAB, Institute of Accountants and Bookkeepers, (formerly the International Association of Bookkeepers), enabling the status of Member, upon application.
@eugeniomarin8706 Жыл бұрын
Congratulations! Happy 40th anniversary OUBS!
@davidwilkie9551 Жыл бұрын
"Waiting for the Value to match the Price". Precision is not Accuracy, again because frozen phase-locked time-timing is not solid, and so, "I know nothing", like Risk is not Uncertainty, in Principle, it's temporal superposition identification in virtual vector-values of relative-timing resonance, quantifiable Calculus of phase-locked pure-math relative-timing motion. "What a Machine Knows", is, it's always NOW, because all mechanism is motion pivoted here-now-forever at the instantaneous positioning Centre of Absolute Zero-infinity, the reference-framing containment of the Universal standing wave-packaging phenomenon, graphically represented by i-reflection/e-Pi-i, this Eternity-now Interval.. The only certainty that is reliable is the mechanism designed by Natural Default, pulse-evolution in biology.
@JVerstry Жыл бұрын
Amazing knowledge shared here...
@ALUMONEY-c8b Жыл бұрын
Great video
@koputomoureen8162 Жыл бұрын
Amazing speech Yes Education is light
@venkatchait007 Жыл бұрын
honestly the system needs changes at almost every level, the market is mainly designed to drain money from schmucks using death by a million charges while we move money amongst ourselves.
@StephenOzor-sl8eq Жыл бұрын
Still trying to know quant involvement to African scenery
@chmultimedia1420 Жыл бұрын
hello class
@RianneCtenVeen Жыл бұрын
Lovely to see you both, speaking on one of my favourite subjects!
@KapitanKremmen Жыл бұрын
No matter how poor you are, NEVER EVER, let legal aid Lawyers and Barristers defend you in court. They work to a limited small budget and routinely advise their clients to plead guilty rather than defend them as it is not financially viable to them. Purely, a going through the motions exercise.
@lanarylie87802 жыл бұрын
【p】【r】【o】【m】【o】【s】【m】 😢
@inventacreata70622 жыл бұрын
Very true, quant trading is very overrated
@1330m2 жыл бұрын
so good . informative Kant - these Nietzsche - antithese Vaihinger - synthese 1st century Israel = 21st century Korea . You have to know that . Amazing historical events are taking place there . Longitude 127 Seoul Okinawa Soul Axis -- Bahai Faith Rael Jesus Huh kyung young Magnificent aletheia .
@ceciliavignolo2 жыл бұрын
Dear Simone. I wish you enjoy this. A lot of love for you
@darceysinclair89292 жыл бұрын
his analogy with the case of beer is only applicable to equities, not foreign currency or crypto
@StephenOzor-sl8eq Жыл бұрын
True
@artemistrading11 ай бұрын
Really? I get where you're coming from but can't non-linear dynamics exist in any market so long as there's a cause and an effect? If you take forex for example, there might be nonlinearity in the way a cut of x basis points affects a pair vs 2x or 3x. The point being that there are so many variables that depend on each other and influence the price that non-linear dynamics are almost certain to be found. This fact is true independent of whether the price represents some anticipation of earnings growth or other macro-economic factors that are not exclusive to equities.
@AsrifYusoff2 жыл бұрын
Great content and subscribed! Would love to hear what you think of our grad school channel. Thank you.
@xanb2 жыл бұрын
props to alex! great work!
@pjakobsen2 жыл бұрын
Fantastic presentation. My finance prof would say "Extraordinary claims requires extraordinary evidence".
@byronwilliams7977 Жыл бұрын
I think that that may also be a tenet in the sciences as well.
@emmanuelameyaw97352 жыл бұрын
Academia is brutal😀
@emmanuelameyaw97352 жыл бұрын
But does the model work? If you simplify equations and the plane doesn't fall, what's the problem? People ain't stupid...if they put billions into simple models...chances are because it works. They are not trying to be santa claus throwing money about, I guess...🙂
@jlo33492 жыл бұрын
Tier 1 US Bank quant here: Got to say he is one of the most arrogant guy in the industry. There are many top quants in the industry and he clearly thinks everyone is stupid...
@davidc4408 Жыл бұрын
Because he is smart
@finance-q8m5 ай бұрын
Could you please suggest some good books on quants
@Felipe-b6m4sАй бұрын
@@davidc4408 He is not. He just knows how to sell courses.
@beeble200327 күн бұрын
He makes a laughably basic probability mistake as soon as he starts talking about his butt-hurt at getting his papers rejected. Claims that 97% of papers in some journal being authored by white American males means that other people have only a 3% chance of being accepted. Bzzzzzt.
@gabystringer20562 жыл бұрын
Thanks for sharing!
@jonestowne59202 жыл бұрын
The Everard Case is demonstrative that the public cannot trust the police, as it seems a "buddy" organisation, other police officers do not want to report their fellow police officers, there are instances where some police officers "whistleblowing" on fellow officers, only to be dismissed from the service, or an offence concocted against them, to find them guilty, and their benefits removed. The police as I was made to understand , will recruit people with minor criminal record/s. The public have lost the confidence of the police, and more have to be done now to restore that trust. Talking about it will not help, ACTION IS NEEDED NOW, to make the police take notice. Landlords are protectors of their tenants, it is the duty of the police, and as the speaker who lost her daughter was crying for help to the police, but the police failed her.
@edwardmitchell65812 жыл бұрын
This is great. I'm learning how run models on the cloud and needed some inspiration. I had always assumed that Wall Street had it all figured out and hadn't bothered to research it.
@johnaugsburger61922 жыл бұрын
Thanks so much
@darrelwilsxn2 жыл бұрын
So, can someone with a Bacelors Degree in civil engineering for example do this study? Or is it someone with a relevant bachelors degree which sounds more likely, but it’s not very clear in this video or on the website?
@OpenUniversityBusinessSchool2 жыл бұрын
Hi Darrel, yes the MSc is open to anyone with a Bachelor's degree. There is more information about entry requirements on the qualification page that may help you decide if this course may be for you: www.open.ac.uk/postgraduate/qualifications/f67
@elayhemingway40872 жыл бұрын
wow
@sarahpengelly84393 жыл бұрын
I'm amazed that this presentation has had limited viewing with no comments that I can see. It was superb! I would just like to mention XR's infamous tube train protest here. There were many of us extremely uncomfortable with this at the time. We knew it would create resistance to the movement. Groups are able to work autonomously within the XR framework & very occasionally poor choices are made. Lessons were learned from that action most definitely.
@ShoebilLOL3 жыл бұрын
Very instructive.
@closingtheloop25933 жыл бұрын
his first example of probability is flawed
@Alarsonen2 жыл бұрын
Was just about to say this.
@damnsonwhere277 Жыл бұрын
I think he is right. And if he is wrong how so?
@Abcd-yg9if3 ай бұрын
I also think so
@beeble200327 күн бұрын
@@damnsonwhere277 He claims that, because 97% of papers published in some journal are by white American males, papers with authors outside this group have only a 3% chance of being accepted. This is nonsense. Suppose the journal publishes 100 papers per year. Suppose that white American males submit 194 papers and other people submit 6, and that 50% of papers are accepted, regardless of authorship. We see that 97% of the published papers are by white American males, but papers submitted by other authors have the same 50% acceptance rate as they do. Or maybe there were only 3 non-wAm papers submitted and they had a 100% acceptance rate. You can't infer the acceptance rate knowing only the number of published papers.
@marinpopov40763 жыл бұрын
Excellent discussion!
@billyrobertson69793 жыл бұрын
He only gets his bonus if the entire fund makes a profit, and for the firm to make a profit more than half of the coin-toss-traders must win their toss. The probability that more than m/2 out of m traders win a coin toss is equal to the probability that less than m/2 do, by symmetry. So the probability the firm makes a profit is 0.5 ぐらい, effectively halving the expected profit of all his strategies were he to otherwise act alone. Cooked
@kshitijshekhar1144Ай бұрын
Quant traders make more than you day traders anyways.
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