Systematica Founder Leda Braga on Machine Learning: Secrets of My Success

As others debate the question of man versus machine, Leda Braga focuses on the magic in the machines. The hedge fund industry’s top woman manager attributes her success to using data in a disciplined, consistent way that has allowed her to keep customers happy and establish her place in Wall Street’s boys’ club. Speaking Wednesday … More Systematica Founder Leda Braga on Machine Learning: Secrets of My Success

What 100 Years of Commodity Prices Tells us About the Future

Commodity prices are very persistent. During booms we seem to forget that they have always (yes, always) been followed by busts (see Figure 1). And during a slump we forget that a boom is surely going to come along— we just have to wait long enough. What determines such booms and busts? Was the last … More What 100 Years of Commodity Prices Tells us About the Future

Why is Finance So Complex?

Why is finance so complex? “Why are we so good at creating complexity in finance?” The answer that comes up with is the “Flynn Effect“, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get smart enough to make it so. That’s … More Why is Finance So Complex?