Like many others I urchased this book as art of Tucker Balch s computational investing class on Coursera I was hoping the book would be a good supplement to some of the computational and rogramming heavy exercises later in the course Unfortunately the book fails to deliver and really isn t worth the Changing Face of the Hero pricePros High level and easy to understand introductions to most investing concepts valuation CAPM EMH etc Numerous hedge fund manager bios explaining their background and strategy Good summary on commonitfalls investors makeCons Way too short and shallow there is almost no depth on any of the topics Not a single
"Programming Example In The Book Very Little "example in the book very little examples either Hedge fund manager bios laced throughout very little examples either Hedge fund manager bios laced throughout book rather than in one sectionI realize its an introductory textbook but it s really dumbed down uite frankly most StoryBranding: Creating Stand-Out Brands Through The Power of Story people would learn about uantitative investing reading the journalistic accounts of uants such as Michael Lewis or Scott Pattersons books since the textbook is a very high level summary Professor Balch is a very intelligenterson however without any depth the only eople I thin. When I managed a hedge fund in the late 1990s computer basedtrading was a mysterious techniue only available to thelargest hedge funds and institutional trading desks Weve comea long way since then With this book Drs Romero and Balch liftthe veil from many of these once opaue concepts in high techfinance We can all benefit Balch liftthe veil from many of these once opaue concepts in high techfinance We can all benefit learning how the cooperationbetween wetware and software. .
characters What Hedge Funds Really Do: An Introduction to Portfolio Management.
K that would get value out of the book by itself are those that know almost nothing about investing If you read the WSJ FT or any finance blog at all this book really isn t worth the moneyThat being said I m really glad Prof Balch took the time to teach a Coursera course on computational investing and is trying to make the topic accessible to a wider group of Pure Chance people Ultimately I think mosteople will get much value going through the course than they will with the textbook Chris The only reason I bought this book was because it was reuired for a class taught by one of the authors surprise surprise It s dry as cat litter and very amateurishly formatted and explained Mathematical The Lady and the Lionheart proofs are generally over explained in the dumbest ways and randomoorly explained notation is used Here re a couple excerpts from an early section I recently reviewedThis is done by compounding the daily return by the number of trading days in a year 252 as follows in Python annualreturn cumproddailyreturns 1 1That s it There s no explanation for the non Python savvy reader that cumprod is a numpy function or that dailyreturns is a ar. Creates fitter models This bookdoes a fantastic job describing how the latest advances in financialmodeling and data science help Creates fitter models This bookdoes a fantastic job describing how the latest advances in financialmodeling and data science help ortfolio managerssolve these greater riddles Michael Himmel ManagingPartner Essex Asset ManagementI applaud Phil Romeros financialmodeling and data science help ortfolio managerssolve these greater riddles Michael Himmel ManagingPartner Essex Asset ManagementI applaud Phil Romeros to write about the hedgefund world an industry that is very rivate often flamboyantand easily misunderstood .
Ticularly shaped numpy array Schilder's Struggle for the Unity of the Church presumably or much less WHY this euation is how you could or should calculate the value There was absolutely no reason to express this otherwise unexplained euation they never explain WHY this in Python euation does what they say asseudo Python instead of a simple mathematical euationThe authors clearly never heard what they say as seudo Python instead
"of a simple mathematical euationThe authors clearly never heard superscripts either200100 1 CAGR 102 1 CAGR 102 110 1 "a simple mathematical euationThe authors clearly never heard superscripts either200100 1 CAGR 102 1 CAGR 102 110 1 2 110 1072 then1072 1 CAGR andCAGR 72% ie 1072 1That s how it s formatted in the book except that all of the above lines are formatted such that all of the symbols line up It s like a 15 year old wrote it I m so glad 2 110 1 CAGR and since 2 110 1072 then 1072 1 CAGR was explained Wow That was a tough one to follow And it doesn t get much better folks It doesn t get much betterI give it 2 stars instead of 1 because it at least contains what seems to be valid information It s just resented in a horrific manner easily explains the fundamental concepts and rinciples of hedge fund investment strategies with case studies Really useful to attend the course computational investing by Tucker Balch on coursera. S with every sector of the investmentlandscape the hedge fund industry varies dramaticallyfrom uantitative black box technology to fundamental researchand old fashioned stock icking This book helps investorsdistinguish between these diverse opposites and understandtheir lace in the new evolving world of finance Mick ElfersFounder book helps investorsdistinguish between these diverse opposites and understandtheir lace in the new evolving world of finance Mick ElfersFounder Chief Investment Strategist Irvington Capita.