Audiobook7 hours
Inside the Black Box: The Simple Truth About Quantitative Trading
Written by Rishi K. Narang
Narrated by Richard J. Brewer
Rating: 4.5 out of 5 stars
4.5/5
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About this audiobook
Inside the Black Box explains how quantitative and algorithmic trading strategies work in non-mathematical terms supplemented by anecdotes and real-world stories. There is a large chasm in the understanding of what quants do with quants often perpetuating the darkness by cloaking even trivial facts about their strategies and operations in secrecy. Most of their strategies are understandable and with that understanding investment professionals can better assess a particular fund's value. The book also explains how quant strategies fit into a portfolio, why they are valuable, and how to evaluate a quant manager. How do quants capture alpha? What is the real level of discretion in quant trading? What is the difference between theory-driven systems vs. data-mining strategies? What are the typical structures of quant systems? How do quants model risk? How do you know if it works? What are execution algorithms?
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Distress Investing: Principles and Technique Rating: 5 out of 5 stars5/5The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist Rating: 5 out of 5 stars5/5One Good Trade: Inside the Highly Competitive World of Proprietary Trading Rating: 5 out of 5 stars5/5Inside the Black Box: The Simple Truth About Quantitative Trading Rating: 4 out of 5 stars4/5Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term Rating: 0 out of 5 stars0 ratingsThe Risk of Trading: Mastering the Most Important Element in Financial Speculation Rating: 5 out of 5 stars5/5Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance Rating: 0 out of 5 stars0 ratingsThe Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund Rating: 4 out of 5 stars4/5The Prop Trader's Chronicles: Short-Term Proprietary Trading Strategies for Both Bull and Bear Markets Rating: 4 out of 5 stars4/5The Art of Vulture Investing: Adventures in Distressed Securities Management Rating: 5 out of 5 stars5/5Virtual Banking: A Guide to Innovation and Partnering Rating: 4 out of 5 stars4/5MarketPsych: How to Manage Fear and Build Your Investor Identity Rating: 5 out of 5 stars5/5
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Reviews for Inside the Black Box
Rating: 4.333333357142857 out of 5 stars
4.5/5
21 ratings1 review
- Rating: 5 out of 5 stars5/5Really informative book describing the basics of quantitative trading. Easy to understand, which was great for me since I have no background in the subject.
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