The Predictors: How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street
| Author | : | |
| Rating | : | 4.96 (553 Votes) |
| Asin | : | 0805057579 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2016-09-26 |
| Language | : | English |
DESCRIPTION:
This time, though, the two hit the jackpot with their cutting-edge computer programs and the company they created to trade German marks, Chicago commodities, Japanese treasury bonds, Texas oil futures, and New York securities. In The Predictors, Thomas A. Using a computer to beat Wall Street from afar is, arguably, the new American dream. While it will remain just that for most of us, an offbeat gang of academics turned financial wizards is showing it can be done. Led by acclaimed physicists Doyne Farmer and Norman Packard, the Santa Fe-based Prediction Company has proven since its 1991 founding in an adobe bungalow furnished with plastic lawn chairs and top-of-the-line Sun workstations that
You had to be there A Customer I met Doyne Farmer at his office near the Aztec Cafe in 93 and spent a pleasant hour with him at a nearby park comparing worldviews. At the time I felt the effort to "predict" financial behaviors was, to put it kindly, a misnomer. The book did not change my opinion.What Farmer and his crew have accomplished is simply finding a set of adequate engineering models which can cut through the emotional fog of human traders and barely come out ahead, sometimes. It isn't chaos theory at all, and I am surprised that none of the critics or reviewers have mentioned this fact: Farmer (admitted) that his methods were simply engineering model-fitting with. Amazon Customer said The best part of the book is the challenges the founders. Enjoyable account of scientists applying their knowledge to trading. The book is a little shallow, in terms of depth, since it neither describes the models or strategies in any detail nor gives much in the way of trading anecdotes. The best part of the book is the challenges the founders face as entrepreneurs-- raising capital and structuring a new business (compensation, responsibilities, juggling sales and modeling). Overall, an interesting read if you are in the industry, but probably a little slow for those who love Michael Lewis' work.. A Great Read, but Read the "Prequel" I loved it enough to re-read, something rare for me. I plan to read it a couple more times. I even made a pilgrimage to the Santa Fe institute to see where these guys hang out.It is set in a world of math, finance, brainiacs, and the great Southwest--all fun things!It's a much better book than Bass' other book about these guys, "Eudamonic Pie." The big caveat is that I read Waldrip's "Complexity" first. I can't imagine the book being nearly as much fun without that background.
Who better to try to find order in the apparently unreasoned chaos of the global financial markets? Thomas A. The Predictors is a dizzying, often hilarious tale of genius and greed.. Excerpted in The New Yorker and hailed by the business press, The Predictors is destined to become a classic of its generation--an antic, subversive odyssey into a universe defined by the mystical convergence of physics and finance.How could a couple of rumpled physicists in sandals and Eat-the-Rich T-shirts, piling computers into an adobe house in Santa Fe, hope to take on the masters of the universe from Morgan Stanley? Doyne Farmer and Norman Packard may never have read The Wall Street Journal, but they happen to be among the founders of the new scienc