Nerds on Wall Street (eBook)

Math, Machines and Wired Markets

David J. Leinweber (Autor)

eBook Download: PDF

2009 | 1. Auflage
400 Seiten
John Wiley & Sons (Verlag)
978-0-470-50053-8 (ISBN)

Infos

An intriguing look at how technology is changing financial
markets, from an innovator on the frontlines of this
revolution

Nerds on Wall Street tells the tale of the ongoing
technological transformation of the world's financial markets. The
impact of technology on investing is profound, and author David
Leinweber provides readers with an overview of where we were just a
few short years ago, and where we are going. Being a successful
investor today and tomorrow--individual or institutional--involves
more than stock picking, asset allocation, or market timing: it
involves technology. And Leinweber helps readers go beyond the
numbers to see exactly how this technology has become more
responsible for managing modern markets. In essence, the financial
game has changed and will continue to change due entirely to
technology. The new "players," human or otherwise, offer investors
opportunities and dangers. With this intriguing and entertaining
book, Leinweber shows where technology on Wall Street has been,
what it has meant, and how it will impact the markets of tomorrow.

Autor

DAVID LEINWEBER is a Haas Fellow in Finance at the Haas School of Business at UC Berkeley, and founding Director of the Center for Innovative Financial Technology at Berkeley. He is the founder of two pioneering financial technology firms and successfully managed multibillion-dollar institutional portfolios for many years. Dr. Leinweber has consulted, published, and lectured widely on the use of advanced technology, artificial intelligence, and intelligence amplification in finance--always in an easy and accessible way--and has earned the reputation as "class clown of the quantitative investing industry." He received BS degrees in physics and electrical engineering from the Massachusetts Institute of Technology and a PhD in applied mathematics from Harvard University.

Inhalt

Foreword by Ted Aronson.

Acknowledgments.

Introduction.

Part One 1: Wired Markets.

Chapter 1: An Illustrated History of Wired Markets.

Chapter 2: Greatest Hits of Computation in Finance.

Chapter 3: Algorithm Wars.

Part Two: Alpha as Life.

Chapter 4: Where Does Alpha Come From?

Chapter 5: A Gentle Introduction to Computerized Investing.

Chapter 6: Stupid Data Miner Tricks.

Part Three: Artificial Intelligence and IntelligenceAmplification.

Chapter 7: A Little AI Goes a Long Way on Wall Street.

Chapter 8: Perils and Promise of Evolutionary Computation onWall Street.

Chapter 9: The Text Frontier: AI, IA, and the New Research.

Chapter 10: Collective Intelligence, Social Media, and WebMarket Monitors.

Chapter 11: Three Hundred Years of Stock Market Manipulations:From the Coffeehouse to the World Wide Web.

Part Four: Nerds Gone Wild: Wired Markets inDistress.

Chapter 12: Shooting the Moon: Stupid Financial TechnologyTricks.

Chapter 13: Structural Ideas for the Economic Rescue: FractionalHomes and New Banks.

Chapter 14: Nerds Gone Green: Nerds on Wall Street, off WallStreet.

Index.

About the Web Site.

Rezensionen

"Where technology will take investing and trading in the future is anyone's guess. Yet, David J. Leinweber in his newly published book, "Nerds on Wall Street: Math, Machines and Wired Markets," provides a glimpse of the direction. In his lively -- alternately raucous and reverent, deriding and respectful -- Mr. Leinweber recounts the history of how technology has transformed investing and trading through the people that developed ideas and pioneered applications, most famously in indexing, optimization and quantitative investing. . . The book makes one of the best reads of the summer -- suitable for the beach as well as for a serious reader in suit and tie at the office." (Pensions & Investments)

Produkt-Details

• Erscheint lt. Verlag: 14.5.2009
• Vorwort: Theodore R. Aronson
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Informatik ► Web / Internet
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Finanzwesen
• ISBN-10: 0-470-50053-0 / 0470500530
• ISBN-13: 978-0-470-50053-8 / 9780470500538