Thank you for this interview Aaron, it is interesting to hear about Anomolies, since this has been my interest after reading the Black Swan, by Nassim Taleb. I think his insight into the difference between Japan and America is very usefull, and I like his reference the Oxford student who are "so smart they lose money intelligently." I'll be sure to include this in my summary, thank you!
Aaron, great work man! 5-star interviews. One request: I would be infinitely grateful if you could get Jim Simons on your podcast. It may not be easy but you will get the Nobel Prize of trading channels for your contribution to the advancement of trading knowledge😊👍🏆🥇🎖
1:15:00 that is so true ... most of them have bad records, but still they generate the "benchmark" of trade performance. which puts the really sucessful traders automatically in the scammer-category because it "can't be done" .. and that is just a myth. even on a small risk .. its easy to outperform a Large Hedge fund, because the retailer do not buy 100Billion $ Glass buildings to park the Cash ;)
At 1:06:00, sounds like he's talking about this court case: webb-site.com/codocs/HCA2352_2012_160226.pdf. I'm curious how it was resolved - last update seems to be in Dec of 2016. Interestingly, in one of his talks (available on youtube), Bill Benter mentions that his team uses Ming Gao Gu's method for solving the conditional probit model
I got the whole thing about the December/New year calendar anomaly thing but I'm left scratching my head why he then suggested going short on the SP500 in December? Surely he meant to say to go long. Unless he meant to offload any SP500 holdings and use that to go long in the stock market index futures most anticipated to rise the most in that period?
Boring, boring, boring... All this guy wanted to talk about was horse racing and pretend he was relating it to trading. Arron did a great job of trying to keep the interview moving along but this guy wasn't having any of it.
another old man just bragging about his academic curriculum, he mentioned Kelly it would have been at least interesting to discuss the gaussian assumption behind Kelly criterion. Come on, just a ridiculous old man.
Full show notes for this episode, available here: chatwithtraders.com/ep-137-dr-william-ziemba/
I learned quite a bit from this one.
Good
General
1. Horse racing, analogies.
2. Market Fundamentals, Market Participants, Psychological Biases, Models, etc.
3. Background research: Seeing what's happing.
Listening to Chat With Traders while mowing the lawn is the best!
Thank you for this interview Aaron, it is interesting to hear about Anomolies, since this has been my interest after reading the Black Swan, by Nassim Taleb. I think his insight into the difference between Japan and America is very usefull, and I like his reference the Oxford student who are "so smart they lose money intelligently." I'll be sure to include this in my summary, thank you!
Aaron, great work man! 5-star interviews. One request: I would be infinitely grateful if you could get Jim Simons on your podcast. It may not be easy but you will get the Nobel Prize of trading channels for your contribution to the advancement of trading knowledge😊👍🏆🥇🎖
Here that aaron, hunt the man down
1:15:00 that is so true ... most of them have bad records, but still they generate the "benchmark" of trade performance.
which puts the really sucessful traders automatically in the scammer-category because it "can't be done" .. and that is just a myth.
even on a small risk .. its easy to outperform a Large Hedge fund, because the retailer do not buy 100Billion $ Glass buildings to park the Cash ;)
At 1:06:00, sounds like he's talking about this court case: webb-site.com/codocs/HCA2352_2012_160226.pdf. I'm curious how it was resolved - last update seems to be in Dec of 2016. Interestingly, in one of his talks (available on youtube), Bill Benter mentions that his team uses Ming Gao Gu's method for solving the conditional probit model
You should follow this up with an interview of Benter
agreed
@@gm679 William Benter
I like the Trump part.
I got the whole thing about the December/New year calendar anomaly thing but I'm left scratching my head why he then suggested going short on the SP500 in December? Surely he meant to say to go long. Unless he meant to offload any SP500 holdings and use that to go long in the stock market index futures most anticipated to rise the most in that period?
the audio has annoying scratchy background noise
JIM SIMONS
so he helped Japan buy up American stock at low prices. and then he said he doesn't care about money?
keith wisdom you're here in 'chat with traders' judging successful people on their comment on their view towards money?
Money is like sex. If you don’t have any, it’s a big deal. When you do have it, it’s not a big deal.
Boring, boring, boring... All this guy wanted to talk about was horse racing and pretend he was relating it to trading. Arron did a great job of trying to keep the interview moving along but this guy wasn't having any of it.
another old man just bragging about his academic curriculum, he mentioned Kelly it would have been at least interesting to discuss the gaussian assumption behind Kelly criterion. Come on, just a ridiculous old man.