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Chat With Traders

Q1: Delaney Mackenzie – You Don’t Know How Wrong You Are

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 21 November 2016

⏱️ 81 minutes

🧾️ Download transcript

Summary

The worst case in finance is when you think you’re right, but you’re actually wrong. This can be especially dangerous when you’ve used some methodology or statistics to justify a decision, but are unaware of all the subtle biases that can cause false results. In this episode we’ll cover many of the ways that you can be wrong without knowing it in trading and finance. -- Sponsored by DataCamp.com – For learning how to program, DataCamp is easily one of the top resources available—their online courses focus specifically on data science, stats & finance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Chat with traders collaboration with Quantopian episode one

0:13.6

Okay, what's up guys if this is your first time listening to chat with traders podcast

0:19.2

My name is Aaron Firefield, so welcome and big thanks for tuning in

0:24.8

What's your listening to right now is not a regular episode?

0:28.8

This is a special six-part mini series in collaboration with Quantopian for those unfamiliar with Quantopian

0:37.0

Quantopian is a crowdsourced investment firm who provide pretty much anyone with an internet connection to data

0:43.6

a research environment and a development platform to write their own

0:48.4

algorithmic strategies

0:50.2

Select authors then may also license their strategies to Quantopian and get paid based on performance

0:58.6

Now the overarching theme for this mini series is a look into the workflow of a professional Quant trading firm

1:06.2

I will say I would consider some of the topics discussed to be quite advanced

1:11.5

But if you're into this sort of thing, I think you'll really enjoy it

1:15.3

If not, then that's also totally fine

1:18.1

But I feel like this first episode at least has relevance to traders and investors of all styles

1:25.2

Because this episode to kick things off is titled you don't know how wrong you are and we specifically discuss

1:32.5

numerous biases and the many ways that you can actually be wrong without knowing it

1:38.0

Anyway, I want to keep this intro short and sweet because you'll hear more about what to expect from this podcast series

1:44.2

Very soon and I still want to mention a couple things that are important to address

1:49.4

So first thing to find any of the links and resources mentioned throughout this series

1:54.8

You can go to Quantopian.com

1:57.6

Ford slash chat with traders to find everything there all in one place

2:03.0

I'll also have the same on the chat with traders website. So whatever is easiest for you

...

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