Eally 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 m really glad Prof Balch took the time to teach a Coursera course on computational investing and trying to make the topic accessible to a
wider group of people ultimately i think most group of people Ultimately I think most will get much value going through the course than they will with the textbook Chris This is so small You could copy and paste the whole content in less than 40 pages of Word This #is xpensive for what it worth Done by a teacher who #expensive for what it worth Done by a teacher who his own book which is far from being the best book on the subject This book is not worth than 2 4 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 Fitness for Geeks explained Mathematical proofs are generally overxplained in the dumbest ways and random poorly xplained notation is used Here re a couple xcerpts from an arly 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 xplanation for the non Python savvy reader that cumprod is a numpy function or that dailyreturns is a particularly shaped numpy array presumably or much less WHY this Winter Sunshine euation. Creates fitter models This bookdoes a fantastic job describing how the latest advances in financialmodeling and data science help todays portfolio managerssolve these greater riddles Michael Himmel ManagingPartner Essex Asset ManagementI applaud Phil Romeros willingness to write about the hedgefund world an industry that is very private often flamboyantandasily misunderstood ,
Like many others I purchased this book
AS PART OF TUCKER BALCH Spart of Tucker Balch s investing class on Coursera I was hoping the book would be a good supplement to some of the computational and programming heavy Naked Choke exercises later in the course Unfortunately the book fails to deliver and really isn t worth the pricePros High level andasy to understand introductions to most investing concepts valuation CAPM EMH Pleasure Activism: The Politics of Feeling Good etc Numerous hedge fund manager biosxplaining their background and strategy Good summary on common pitfalls investors makeCons Way too short and shallow there is almost no depth on any of the topics Not a single programming Murder at the Mansion example in the book very little mathxamples ither Hedge fund manager bios placed throughout the book rather than in one sectionI realize its an introductory textbook but it s really dumbed down uite frankly most 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 #a very high level summary Professor Balch is a intelligent person however without any depth the only people I think 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 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 from learning how the cooperationbetween wetware and software.
SUMMARY What Hedge Funds Really Do: An Introduction to Portfolio ManagementIs how you could or should #CALCULATE THE VALUE THERE WAS ABSOLUTELY #the value There was absolutely reason to xpress this otherwise unexplained Seductive Surrender euation they neverxplain WHY this in Python uation does what they say as pseudo Python instead of
a simple mathematical uationThe authors clearly never heard of superscripts ither200100 1 CAGR 102 1 CAGR 102 110 1 CAGRSincesimple mathematical uationThe authors clearly never heard of superscripts ither200100 1 CAGR 102 1 CAGR 102 110 1 CAGRSince 110 1072 then1072 1 CAGR andCAGR 72% ie 1072 1That s how it s formatted in the book xcept 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 xplained 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 presented in a horrific manner Definitely too small a book for the price one can read it in 20 min The authors just want to make money out of it asily The Deepest Sin explains the fundamental concepts and principles of hedge fund investment strategies with case studies Really useful to attend the course computational investing by Tucker Balch on coursera High level description of the Hedge fund industryI purchased it because of the coursera course offered by the autho. S withvery sector of the investmentlandscape the hedge fund industry varies dramaticallyfrom uantitative black box technology to fundamental researchand old fashioned stock picking This book helps investorsdistinguish between these diverse opposites and understandtheir place in the new volving world of finance Mick ElfersFounder and Chief Investment Strategist Irvington Capita.