Nerds on Wall Street

The Impact of Technology on Wall Street and Investing

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• Overview of "Nerds on Wall Street"
  • Contents of "Nerds on Wall Street"
  • Introduction to Nerds on Wall Street
  • Praise for "Nerds On Wall Street"
  • More Praise for "Nerds on Wall Street"
  • Forward by Ted Aronson

• Part 1 – Wired Markets
  • Chapter 01 – An Illustrated History of Wired Markets
  • Chapter 02 – Greatest Hits of Computation in Finance
  • Chapter 03 – Algorithm Wars

• Part 2 – Alpha as Life
  • Chapter 04 – Where Does Alpha Come From?
  • Chapter 05 – A Gentle Introduction to Computerized Investing
  • Chapter 06 – Stupid Data Miner Tricks

• Part 3 – Artificial Intelligence and Intelligence Amplification
  • Chapter 07 – A Little Artificial Intelligence Goes a Long Way on Wall Street
  • Chapter 08 – Perils and Promise of Evolutionary Computation on Wall Street
  • Chapter 09 – The Text Frontier – AI, IA, and the New Research
  • Chapter 10 – Collective Intelligence, Social Media, and Web Market Monitors
  • Chapter 11 – Three Hundred Years of Stock Market Manipulations

• Part 4 – Nerds Gone Wild – Wired Markets in Distress
  • Chapter 12 – Shooting the Moon – Stupid Financial Technology Tricks
  • Chapter 13 – Structural Ideas for the Economic Rescue – Fractional Homes and New Banks
  • Chapter 14 – Nerds Gone Green – Nerds on Wall Street, off Wall Street

Related Wall Street Analytics Articles

• Praise for “Nerds On Wall Street” ("Leinweber isn't half as crazy as people said! He foresaw the profound change that wired technology would bring to markets (robots trading millions of shares in six milliseconds). Now he nails the Stupid Financial Engineering Tricks that dumped the markets, and offers his patented, sound insights on how the nerds will help bring us back." [...])
• Chapter 07 – A Little Artificial Intelligence Goes a Long Way on Wall Street (A Little AI Goes a Long Way on Wall Street: Artificial Intelligence and Securities Trading “If you give someone a program, you will frustrate them for a day; if you teach them how to program, you will frustrate them for a lifetime.” This is a history and technical overview of one of the earliest artificial intelligence (AI) [...])
• Contents of “Nerds on Wall Street” (Foreword by Ted Aronson Part 1 - Wired Markets Chapter 1: An Illustrated History of Wired Markets Chapter 2: Greatest Hits of Computation in Finance Chapter 3: Algorithm Wars Part 2 - Alpha as Life Chapter 4: Where Does Alpha Come From? Chapter 5: A Gentle Introduction to Computerized Investing Chapter 6: Stupid Data Miner Tricks Part 3 - Artificial Intelligence and Intelligence Amplification Chapter [...])
• About (David Leinweber is a Haas Fellow in Finance at the Haas School of Business at UC Berkeley, and founding Director of the Center for Innovative Financial Technology at Berkeley. He is the founder of two pioneering financial technology firms and successfully managed multibillion-dollar institutional portfolios for many years. Dr. Leinweber has consulted, published, and lectured widely [...])
• 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 collective ratings [...])
• Chapter 02 – Greatest Hits of Computation in Finance (Computational Finance, Stock Market Analysis, and Investment Trading "A computer does not substitute for judgment any more than a pencil substitutes for literacy. But writing without a pencil is no particular advantage." - Robert McNamara The Journal of Portfolio Management (JPM*) is one of the more upscale investment management publications around. For $500 a year, you get [...])
• Chapter 05 – A Gentle Introduction to Computerized Investing (Computerized Investing, Index Funds, Quantitative Investing, and Active Management “Life would be so much easier if we only had the source code.” — Hacker proverb The beginning of index investing in the 1970s was the result of a convergence of events, one of those ripe apple moments. Institutional investors began to use firms like A.G. Becker to actually [...])
• Overview of “Nerds on Wall Street” (Technology has transformed global markets, but this is nothing new. Markets have been shaped by machinery for hundreds of years, and this continues at a rapid pace today. Author David Leinweber—a computer scientist who accidentally stumbled upon Wall Street and became an innovator in the application of modern information technology in trading and investing—is a well-qualified [...])
• Chapter 08 – Perils and Promise of Evolutionary Computation on Wall Street (Using Genetic Algorithms, Optimization Models, and Evolutionary Computation on Wall Street “Be careful what you ask for — you might get it.” My enthusiasm for machine learning, described at the end of the previous chapter, led me to kiss many artificial intelligence ( AI ) frogs. This included many flavors of inductive and explanation - based learning, [...])
• Part 1 – Wired Markets ( Financial Markets - Electronic Markets Not too long ago, going to a stock market meant you would meet lots of new people who were energetically shouting, running around, and making a mess with great quantities of paper. No more. Visiting a financial market now is more like visiting a telephone exchange. Computers and network gear [...])