portfolio management

  • Part 2 – Alpha as Life
  • Passive Investing – Active Investing – Alpha Returns Index funds are passive investments; their goal is to deliver a return that matches a benchmark index. The Old Testament of indexing is Burton Malkiel’s classic A Random Walk Down Wall Street, first published in 1973 by W.W. Norton and now in its ninth edition. For typical […]

  • 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 […]

  • Forward by Ted Aronson
  • Nerds on Wall Street Forward by Ted Aronson Quantitative finance is not a topic usually associated with laughter. That is about to change with the publication of Nerds on Wall Street. I was first exposed to Dave Leinweber’s wit when he delivered a speech entitled “Nerds on Wall Street.” I believe the event happened 20 […]

  • Introduction to Nerds on Wall Street
  • Introduction to “Nerds on Wall Street“ I hope people think of this book as sort of a Hitchhiker’s Guide to Wired Markets. There are no robots parking cars for six million years, but there are robots trading millions of shares in six milliseconds, so maybe that’s close enough. In 2006, I got a call from […]