quantitative finance


  • Chapter 14 – Nerds Gone Green – Nerds on Wall Street, off Wall Street
  • Clean Energy and Nerds off Wall Street This book closes with another chapter that, like the previous two, I didn’t expect to be writing. Recent headlines (Wall Street layoffs could reach 200,000, Citigroup is cutting 50,000 jobs) imply that many nerds on Wall Street (NOWS), mostly innocent bystanders in the meltdown, may soon find themselves […]

  • Chapter 12 – Shooting the Moon – Stupid Financial Technology Tricks
  • Stupid Financial Technology Tricks and Global Economic Collapse Like many others from the stock side of greater Wall Street, I felt blindsided by the events of 2008. “Blindsided” is actually a gross understatement; I felt like the guy who comes home and finds the neighbors were running a meth lab that has exploded and flattened […]

  • Chapter 11 – Three Hundred Years of Stock Market Manipulations
  • 300 Years of Stock Market Manipulations – From the Coffeehouse to the World Wide Web’s Stock Manipulations In previous chapters, we saw that many of the changes in securities markets brought about by information technology in general and the Internet in particular are positive, democratizing access to markets and information. We also saw that technology […]

  • Chapter 10 – Collective Intelligence, Social Media, and Web Market Monitors
  • Web Market Monitors and the Impact of Social Media on Financial Markets “The words of the prophets are written on the subway walls.” — Simon & Garfunkel, The Sound of Silence Opinions vary widely on the value of collective wisdom, with ample supporting evidence both for and against. The Internet has many positive examples: The […]

  • Chapter 09 – The Text Frontier – AI, IA, and the New Research
  • Hunting Investment Alpha and Trading Alpha from Online News, Social Media, and Rumors Alpha hunters are always looking for new territory. When a strategy becomes known and used by too many players, the collective market impact of getting in and getting out will squeeze out all the profit juice, and only the lowest-cost transactors (large […]