Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird,Cab1260, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, A Smith, Callum McLean, Oscar, Simon Pena, Alexander E F, Cyrus Yari, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Ki Ryu Chan, Pjotr Bekkering, Drew, Ivaylo Kunev, Alex, Robert W Proudfoot, EatEmAll, Michael Boensel, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Mathews Sebonego, Sebastian, Michal Lacko, Yann M, VicMR, Peter Bočan, Michael Pierce, V Jordan, Steve Kinnear, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Mitchell Rowton, Pedro Texeira, EV Bike Dude, Luis Quintino, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, Steven MIller, easy boekhouding, Albert, Eugene Jung, Kent_Kinky, Oisin Quinn, Daniel Cervini, Wilson Hammer, luke ward, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Leszek Frankowski, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Hunter Lofgren, Justas Juškevičius, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Johan Levin, Morgan Brown, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Severin Felber, Kam Batra, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Adam Horenstein, Liam, Logan Vrankovic, Sam coatham, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, paul koos, mikhail tyurin, Steven, Christopher Boersma, Nathan Smart, Dave Cooke, Jonathan Young, Ulf Lundblad, Cozy thang and Yoshinao Kumagai
Hey man can you do a video about the quant quake of 2007 and how GS quantitative principle investment fund lost more than 100 billion dollars in a few weeks
I noticed everyone applauding the knowledge that you bring to every video but are they all missing how hilarious you are. The dry humor is a big part of why I watch your stuff. Don’t ever stop.
My gourd, pulling up that old video of the guy just about to be debunked by James Randi, and the list quip, "How else will I learn" are priceless. Come for the detailed analysis, stay for the laugh out loud humor. (Moonlights as the CEO for Goldman, omg)
"Of course today we have the counterexample of George Soros, who wanted to become a philosopher but instead become rich. Sometimes things don't work out for you" this is the type of failure that I want in my life"
Its amazing, I personally have built tools around these two concepts considering and consider my techniques somewhat nuanced, however they really are concepts that have been tried and tested for thousands of years.
Been on youtube for over 10 years , this is probably my first comment ever. Gotta thank you for every single video you upload , very informative and the humor inbetween makes me laugh everytime. Keep up the amazing work !
So true. Creativity is the key to find good trading ideas. I heard about one student who managed to "borrow" a Bloomberg Terminal in a library and started to analyse the movements of all oil-ships that was moving from one place to another. He managed to see a pattern of the movements with the Crude Oil-price and started to trade his own savings with CFD's on Crude Oil. He sat in this library day in and day out as soon as the computer was available. He became a millionaire after a few months and got himself his own Bloomberg Terminal later on. Pure creativity there!
Tbf I think his day ‘jobs’ teaching at King’s Business school and running a quantitative hedge fund (Palomar) keep him sufficiently busy not to saturate his channel.
I agree quality over quantity is better. There's so many channels that just constantly churn out new videos but don't teach you much as they're focused on gaining views, subscribers and more advertising revenue. Patrick's videos are pure gold to investors or people just wanting to learn about economics and understand how financial markets and trading works from an economists prospective. He could do well with making an exclusive video series teaching people about macro-economics and the fundamentals of trading using his quanitative approach, I'd certainly pay monthly to watch that as Patrick is a good teacher and you can learn more easily from him than reading books.
I counted the number of words spoken in 15 minutes on CNBC. The more words spoken the likelier we were at a top and vise versa. I also set up a decibel meter. The louder the show the more likely a top was in place. I also converted candle stick charts into musical notes and had a concert pianist "Play the Dow Jones" . Very effective for finding tops and bottoms. That's what creative thinking s all about.
Your explanation on quant trading and why it appealed to you at the beginning of the video really resonated with me. You have very strong articulation skills; I appreciate the video.
No 1:Don't only hope on government for income, No 2: As an individual look for different self income not only waiting on monthly wages No 3: Always save the little you can and think of what to do with it when it becomes good for capital It's 100% Good to have different way to gain income government has failed us so let's try to survive
Thank you for posting this. I’m an undergrad student majoring in CS/mathematics with a significant interest in the finance world, so this is the exact explanation and dive into quant traders I was looking for. Thank you
Another great video. I started out as a commodities trader in my early 20's (20 years ago) and I now know that I was a quant trader. At the time though, I had zero experience of markets or trading and I wasn't aware of how anybody else did it. It just seemed entirely logical to look for correlations in data, so that's how I traded. I was astonished to find out as I later got to know traders in other companies that many didn't even use an excel spreadsheet, they just relied on gut instinct.
Patrick who would dislike your content !!! you are a financial encyclopedia on feet :) if only i found you when i was in my 20's i would definitely changed my career, but anyway im trying to do so now in my 30's all respect to you my friend.
You wright some of the most informative comedy sketches I think I've ever seen. I don't know how you keep a straight face through some of them punch lines, but the deadpan delivery is masterful. Sound info too! :)
Seem's I'm a year late to the party with the top comment here. (I thought this was a new video of yours as it just got recommended to me). Still funny AF tho mate. :)
I hit all the like buttons, and would hit many more if I could! I always learn massive amounts of fascinating new info from every video. Thanks a million, Mr Boyle!
@Jacob Hargrave I feel like I need to clarify because I didn't think Revenge of the Quants would have google hits. He had a picture of the cast of "Revenge of the Nerds" (1984) representing the early Quants. The movie was a cheesy and full of nerds spying on sorority girls. I tried to make a pun but I am not a smart man.
I request a video about quants who failed big time and lost a bunch of money. I wonder how much selection and survivor bias there is in the analysis of quant trading strategies.
Technical analysis, like any numerological method, at best can be applied to predict an immediate event. Time sweeps away the wash of a butterfly’s wings.
Patrick, I love the videos you make! They're informative, critical, witty and very funny sometimes. I with you'll get more subs. I already shared your channel's link with my friends and talked to them about it. Keep it up!
I'm fascinated by quantitative trading, despite having a university degree in business and over 10 years experience in trading and investment I knew absolutely nothing about it until I started watching this channel. Quantitative trading would seem to suit my personality perfectly as I like collecting and analysing data and coming up with new ideas to do an analysis and using data to create new signals and apps. I'm a data/facts geek and also a programmer 😁
I have a question. The Herbalife debacle, what did Bill Ackman/Pershing Square misunderstand about the business? It's interesting to me because Ackman has so often seemed ahead of the curve except but this one instance he dug in for about 5 years, endured not insubstantial losses and reputational damage as a result. Since then Herbalife has largely traded around the same price while Ackman has done very nicely.
Nice Patrick Boyle - my compliments for that neverending effort - the strive for excellence. Those fragments from the film Wall street fit in just perfectly with the narrative. In that line of thought would you consider to get Charlie Sheen as a guest, I am sure it will be appealing to everyone - the two of you discussing life in general,investments choices, how he prepared and got into character for his part in the movie and so on! And if I may add I think sometimes Patrick you also get in character.
Thank you for this short wonderful history and overview and examples of Quant Trading. It gives a look into the depths of the intellects of those who came along and created it. Actualized imagination is a wonderful thing. If you got it, flaunt it!
I did a little quant research as a response to this video. Turns out it takes 305 likes and 129 comments to cut out the Gamestop questions on each video. Hi Stephen!
Love your content, I've been going through a lot of (positive) life changes recently and content like yours helps me see the world in a more modest way. Thank you.
Fale por você. Tenho um desgosto enorme por quant trading. É basicamente a ciência de criar um programa e comprar infraestrutura pra roubar dinheiro legalmente.
Thanks Patrick, another great video. Regarding trading using the movements of the planets, there is some evidence for this. Our wheather is to a large extent governed by the 11 year sun spot cycle which causes the El Nino phenomena to name but one. The 11 year sunspot cycle is governed by the movements of the planets and so, by understanding the planets one has an edge with Ag trading, again, to name but one.
Hey man I have a great video topic recommendation for you. The 2007 quant quake and how it almost burried quantitative investing. Goldman Sachs and quantitative hedge funds like renaissance lost hundreds of billions in a few weeks time because they al consentrated there investing in a few stocks with the same 13/3 quantitative investment strategy.
Bain Capital co chairman- just like gold was outlawed back in the day, Bitcoin can also be outlawed. If governments feel btc is a threat to their FIAT currency or their digital currency creation, BTc would be outlawed, sending the price of BTc spiraling downward. investors would lose big time
Patrick, I would love to talk to you about your quant trading. I LOVE it, but got out bc I felt it was too costly to get a cutting edge execution and alternative data. You really need to start with 30-50M just to have a profitable organization. That being said, I love it with all my heart.
I've never heard of quanitative trading but it makes a lot of sense and seems a more logical and scientific approach to trading compared to the way most traders operate. I'm going to buy Patricks books and study this method closely. One approach to trading that served me well in the past is using pure mathematics and probability to determine price direction and and how far it's likely to move in a given time period I'm a programmer so coded a good probability indicator that worked 90% of the time but couldn't manage the risk side very well so eventually gave up on it after losing 10 months of gains in one bad trade.
I asked in the live chat but I think my questions may have slipped by. If you could, I'd like to hear your side on this. 1) Do you believe quant trading strategies (particularly HFT but other forms of algorithmic trading as well) should face restrictions in the form of latency restrictions or fees/taxes imposed on large amounts of trades? It seems fundamentally unfair that those able to straight up purchase advanced software and hardware next to the exchange get to automatically frontrun trades and continuously extract wealth from the market, with quite simply no way for the average investor to compete or level the playing field. IEX is a start, but it would be lovely if machines manufacturing money, as Ken Griffin called his company, did not exist, don't you think? 2) On the subject of risk - do you believe, in critical market conditions, quantitative trading strategies can compound the problems of forced deleveraging, mass sell offs, low liquidity or other such atypical circumstances? With the amount of leverage currently circulating in the financial system (which is downright terrifying as the computers have continuously pumped as much as they are allowed to generate gains), forced deleveraging accentuated by algos frontrunning each other could seriously make the next crash the worst we have yet to see. This is in my opinion, of course, but some other doomsayers such as Michael Burry also believe excess leverage and asset price inflation could go awfully wrong, awfully fast. Algorithmic trading could exacerbate this problem, as it has in the past. 3) Do you believe algorithmic trading can create circumstances that should not usually exist as the algorithms are left to run on "autopilot", creating situations that are what I almost certainly believe were machine made - think GME with its 140% short interest. Someone punched in numbers that implied a high likelihood of default on corporate debt and subsequent bankruptcy, told the machines to sell calls and short shares as much as they could, and then when the black swan event happened more shares were owed than could possibly be purchased back - simply because the open interest of ITM calls + short shares exceeded the number of free trading shares legally issued by the company. The algorithm doesn't care about that - it does what it is told, obeys its parameters, and if the person who inputs the data makes a mistake, the sheer efficiency of the machine makes that mistake exponentially larger. Garbage in, garbage out.
![Twenty One Pilots - The Line (from Arcane Season 2) [Official Audio]](http://i.ytimg.com/vi/XCz7WUotXs8/mqdefault.jpg)
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird,Cab1260, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, A Smith, Callum McLean, Oscar, Simon Pena, Alexander E F, Cyrus Yari, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Ki Ryu Chan, Pjotr Bekkering, Drew, Ivaylo Kunev, Alex, Robert W Proudfoot, EatEmAll, Michael Boensel, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Mathews Sebonego, Sebastian, Michal Lacko, Yann M, VicMR, Peter Bočan, Michael Pierce, V Jordan, Steve Kinnear, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Mitchell Rowton, Pedro Texeira, EV Bike Dude, Luis Quintino, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, Steven MIller, easy boekhouding, Albert, Eugene Jung, Kent_Kinky, Oisin Quinn, Daniel Cervini, Wilson Hammer, luke ward, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Leszek Frankowski, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Hunter Lofgren, Justas Juškevičius, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Johan Levin, Morgan Brown, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Severin Felber, Kam Batra, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Adam Horenstein, Liam, Logan Vrankovic, Sam coatham, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, paul koos, mikhail tyurin, Steven, Christopher Boersma, Nathan Smart, Dave Cooke, Jonathan Young, Ulf Lundblad, Cozy thang and Yoshinao Kumagai
You are not dry but ARID !!
☹️
Hey man can you do a video about the quant quake of 2007 and how GS quantitative principle investment fund lost more than 100 billion dollars in a few weeks
Good morning professor. I'm training to be an engineer, but I feel the real education happens here.
Excellent Patrick, keep them coming! (I hit the dislike button twice!)
I noticed everyone applauding the knowledge that you bring to every video but are they all missing how hilarious you are. The dry humor is a big part of why I watch your stuff. Don’t ever stop.
".... and instead became rich. Sometimes things just don't work out for you." - That's gold Jerrry, Gold!
100% agree, makes it more entertaining
My gourd, pulling up that old video of the guy just about to be debunked by James Randi, and the list quip, "How else will I learn" are priceless. Come for the detailed analysis, stay for the laugh out loud humor. (Moonlights as the CEO for Goldman, omg)
disliked and unsubscribed ;-)
His jokes are awesome and I'm pretty sure that people notice them. It's just not necessary to talk about it in the comment section.
"Of course today we have the counterexample of George Soros, who wanted to become a philosopher but instead become rich. Sometimes things don't work out for you" this is the type of failure that I want in my life"
I like how he makes jokes with a straight face.
You, Monsieur, are a well educated individual.
he got me there
he made me laugh out so loud everyone thought i was watching a skit. They came to see and were very disappointed
It is just incredible to me that concepts of Trend Following and Mean Reversion are so ancient.
Yet still valid
Are you talking about trend following?
@@gidsmono8044 yes
@@Arsbars1 thanks. The reason I asked is because someone was recommending I do all my trades on trend following alone.
Its amazing, I personally have built tools around these two concepts considering and consider my techniques somewhat nuanced, however they really are concepts that have been tried and tested for thousands of years.
Been on youtube for over 10 years , this is probably my first comment ever.
Gotta thank you for every single video you upload , very informative and the humor inbetween makes me laugh everytime.
Keep up the amazing work !
Patrick really showing us he is a man of culture by showing he reads Feynman on the side.
You spill your wisdom on us, dear Patrick!
W•H•A•T•S•A•P•P
+•1•8•5•7•3•4•2•9•8•7•1•
I•n•v•e•s•t•inC•r•y•p••t•o
B•T•CA•N•D•E•T•H...!!!!
So true. Creativity is the key to find good trading ideas. I heard about one student who managed to "borrow" a Bloomberg Terminal in a library and started to analyse the movements of all oil-ships that was moving from one place to another. He managed to see a pattern of the movements with the Crude Oil-price and started to trade his own savings with CFD's on Crude Oil. He sat in this library day in and day out as soon as the computer was available. He became a millionaire after a few months and got himself his own Bloomberg Terminal later on. Pure creativity there!
As much as I want for you to make more videos, I’m glad you don’t destroy your channel with a constant barrage of new ones.
Tbf I think his day ‘jobs’ teaching at King’s Business school and running a quantitative hedge fund (Palomar) keep him sufficiently busy not to saturate his channel.
@@damianchang6439 i don’t think he works at palomar anymore
I agree quality over quantity is better. There's so many channels that just constantly churn out new videos but don't teach you much as they're focused on gaining views, subscribers and more advertising revenue. Patrick's videos are pure gold to investors or people just wanting to learn about economics and understand how financial markets and trading works from an economists prospective. He could do well with making an exclusive video series teaching people about macro-economics and the fundamentals of trading using his quanitative approach, I'd certainly pay monthly to watch that as Patrick is a good teacher and you can learn more easily from him than reading books.
I counted the number of words spoken in 15 minutes on CNBC. The more words spoken the likelier we were at a top and vise versa. I also set up a decibel meter. The louder the show the more likely a top was in place. I also converted candle stick charts into musical notes and had a concert pianist "Play the Dow Jones" . Very effective for finding tops and bottoms. That's what creative thinking s all about.
I'm having a proper binge since finding Patrick. Great videos!
Your explanation on quant trading and why it appealed to you at the beginning of the video really resonated with me. You have very strong articulation skills; I appreciate the video.
Ser history of trading is needed more ; please more ser
That was top class. Could have listened to hours of those fascinating tidbits of financial history. The Japanese Rice "Futures" blew my mind.
You're the only Channel I've found in finance that I feel is worth subbing to. I have a total of 4 subscriptions and two are family.
No 1:Don't only hope on government for income, No 2: As an individual look for different self income not only waiting on monthly wages No 3: Always save the little you can and think of what to do with it when it becomes good for capital It's 100% Good to have different way to gain income government has failed us so let's try to survive
Most intelligent word I've heard
today
Wow!!! Imagine trading and stocking up bitcoin from now till then!!!
Stocks are good too
Alice Johnson !! My friends trade with her,I heard her strategies are really good
@Linda Jennifer How do I trade with her I'd like to invest in Bitcoin so I won't regret once it climbs again like I'm now
😔😔
The history of quant is very fascinating to me. Thank you for making this!
That ending, I liked and am buying your book tomorrow
great history lesson on quants, I haven't seen a deeper knowledge on yt. keep up the great work , love the jokes, puns, and jabs as well.
Thank you for posting this. I’m an undergrad student majoring in CS/mathematics with a significant interest in the finance world, so this is the exact explanation and dive into quant traders I was looking for. Thank you
Same but my major is math. Now I'll look up all the people I dont know xaxa.
I would like to work
with you on algorithmic trading. I believe I've cracked the code
@@rhs5683I would like to work
with you on algorithmic trading. I believe I've cracked the code
Loved this historical account of QT Patrick. Very nicely done!
I am not sure what I love more, information that you are giving us or your senses of humour ;)
Another great video. I started out as a commodities trader in my early 20's (20 years ago) and I now know that I was a quant trader. At the time though, I had zero experience of markets or trading and I wasn't aware of how anybody else did it. It just seemed entirely logical to look for correlations in data, so that's how I traded. I was astonished to find out as I later got to know traders in other companies that many didn't even use an excel spreadsheet, they just relied on gut instinct.
I would like to work with you on algorithmic trading
This is amazing. I can’t believe all this goes back so far!
Simply some of the best videos out there.
Patrick who would dislike your content !!! you are a financial encyclopedia on feet :) if only i found you when i was in my 20's i would definitely changed my career, but anyway im trying to do so now in my 30's all respect to you my friend.
Love your sense of humor... great wit helps a lot in making such deep research even more memorable, thanks!
Sir, Good Content... always excited to see your videos!
The real man talking here
Another great video with no fluff approach and full of informative topics. Keep up the great work Patrick.
Exceptional content! 👏 Thanks Patrick
You wright some of the most informative comedy sketches I think I've ever seen. I don't know how you keep a straight face through some of them punch lines, but the deadpan delivery is masterful. Sound info too! :)
Seem's I'm a year late to the party with the top comment here. (I thought this was a new video of yours as it just got recommended to me). Still funny AF tho mate. :)
So much value in such a short video
I hit all the like buttons, and would hit many more if I could! I always learn massive amounts of fascinating new info from every video. Thanks a million, Mr Boyle!
Your videos are in a class of their own 😊. Great content. Perfect delivery. Thank you!
I would watch a movie called "Revenge of the Quants" all about their zany antics and attempts to get a peak at that juicy TA.
@Jacob Hargrave I feel like I need to clarify because I didn't think Revenge of the Quants would have google hits. He had a picture of the cast of "Revenge of the Nerds" (1984) representing the early Quants. The movie was a cheesy and full of nerds spying on sorority girls. I tried to make a pun but I am not a smart man.
@@MarkusLaumann I got it… you had to have known about the film “Revenge of the Nerds” to understand your pun tbf lol
9:26 That font size observation is next level!
I request a video about quants who failed big time and lost a bunch of money. I wonder how much selection and survivor bias there is in the analysis of quant trading strategies.
Thalus began Options or Futures trading. Nice quantitative finance vlog Sir. Homma is a legend for most of us in trading world.
Technical analysis, like any numerological method, at best can be applied to predict an immediate event. Time sweeps away the wash of a butterfly’s wings.
Patrick, I love the videos you make! They're informative, critical, witty and very funny sometimes. I with you'll get more subs. I already shared your channel's link with my friends and talked to them about it. Keep it up!
I'm fascinated by quantitative trading, despite having a university degree in business and over 10 years experience in trading and investment I knew absolutely nothing about it until I started watching this channel. Quantitative trading would seem to suit my personality perfectly as I like collecting and analysing data and coming up with new ideas to do an analysis and using data to create new signals and apps. I'm a data/facts geek and also a programmer 😁
First time I am seeing a youtuber say "Click the dislike button" if you didn't like the video. Wow! Major props.
I have a question. The Herbalife debacle, what did Bill Ackman/Pershing Square misunderstand about the business? It's interesting to me because Ackman has so often seemed ahead of the curve except but this one instance he dug in for about 5 years, endured not insubstantial losses and reputational damage as a result. Since then Herbalife has largely traded around the same price while Ackman has done very nicely.
Superb episode. Classical, empirical and subjective analysis must all be used together.
I am very impressed with this channel...
Nice Patrick Boyle - my compliments for that neverending effort - the strive for excellence. Those fragments from the film Wall street fit in just perfectly with the narrative. In that line of thought would you consider to get Charlie Sheen as a guest, I am sure it will be appealing to everyone - the two of you discussing life in general,investments choices, how he prepared and got into character for his part in the movie and so on! And if I may add I think sometimes Patrick you also get in character.
Fantastic! Always fun to watch your videos.
Good history . I was a broker to AHL in their start up days when they worked with Rudolf Wolff . They were pattern recognition in the beginning.
Interesting
Thank you for this short wonderful history and overview and examples of Quant Trading. It gives a look into the depths of the intellects of those who came along and created it. Actualized imagination is a wonderful thing. If you got it, flaunt it!
The quality improvement since Sell In May video is huge. I wish my gains was also so huge ;)
As a financial astrologer and trader, this was riveting to watch. 🤓 Thanks!
great video Mr.Boyle, IT WAS A GREAT JOURNEY THROUGHOUT HISTORY...
My first time watching... i subscribed. Great job!
Great selection of books! “Surely You’re Joking, Mr. Feynman” is my favorite book of all time!
I did a little quant research as a response to this video. Turns out it takes 305 likes and 129 comments to cut out the Gamestop questions on each video. Hi Stephen!
This is your best video thus far !
Love your content, I've been going through a lot of (positive) life changes recently and content like yours helps me see the world in a more modest way. Thank you.
@@patrickboyle315 you sound just like the guy in the video
I was surprised that you didn’t include the clip from the “Big Short” with that one salesman’s “quant”.
"Look at him. Look at his face."
@@1337JHL yep!!!! I went back and found the clip to refresh my memory. The Jenga scene..
Another Patrick Boyle video. I check your channel way too frequently for new videos :)
I loved this video. But I loved even more that you got the second desk plant :D
The price for that plant was Ray Dalio's book, which isn't there anymore. 😭
I've won... but at what cost?
professor, you are wonderful.
thank you for making this video
Excellent video and brief history, many thanks!
Thanks Pat. Very interesting and extremely well researched material.
I simply love this channel.
Really enjoyed this one!
You look like a movie character, with one hand over the table explaining the situation to someone and with another hand under the table holding a gun.
I just love your videos, especially the subtlety of the humour
Very good stuff. As always, Thank you for the video
I love this video so much. I have spent a few years trying to focus on this exact subject.
Oh, so look who finally uploads an actual *new* video.
None other than Richard, taking time out from the Crystal Maze.
Thanks 👍🏼
Amazing video! Also the dry humour is awesome!
Patrick we like u also in Brazil.......
Fale por você. Tenho um desgosto enorme por quant trading. É basicamente a ciência de criar um programa e comprar infraestrutura pra roubar dinheiro legalmente.
Bem vindos mondo realmente....
Jeff Bezos was a quant if I remember right. That didn't work out so he started selling books out of a garage.
Hii Patrik, every video that you made is gold. Love from Indonesia..
An amazing wealth of knowledge and information, grateful, sincerely :)
PAT, YOU'RE A GENIUS. PLEASE EXPLAIN IF POSSIBLE HOW STOCK LIKE TESLA IS ALLEGEDLY HELD UP WITH OUT OF MONEY CALL OPTIONS. CHEERS AND ADMIRATION.
Thanks Patrick, another great video.
Regarding trading using the movements of the planets, there is some evidence for this. Our wheather is to a large extent governed by the 11 year sun spot cycle which causes the El Nino phenomena to name but one. The 11 year sunspot cycle is governed by the movements of the planets and so, by understanding the planets one has an edge with Ag trading, again, to name but one.
Thank you Patrick Boyle! I learn a lot from your videos.
Hey man I have a great video topic recommendation for you. The 2007 quant quake and how it almost burried quantitative investing. Goldman Sachs and quantitative hedge funds like renaissance lost hundreds of billions in a few weeks time because they al consentrated there investing in a few stocks with the same 13/3 quantitative investment strategy.
This video taught me that the CEO of GS is also an edm Dj...just listened to some and they're actually good songs LOL 😆 💀
Bain Capital co chairman- just like gold was outlawed back in the day, Bitcoin can also be outlawed. If governments feel btc is a threat to their FIAT currency or their digital currency creation, BTc would be outlawed, sending the price of BTc spiraling downward. investors would lose big time
I’m more a discretionary trader myself, taking an event driven / special situations strategy to make large directional bets using equity options
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Patrick, I would love to talk to you about your quant trading. I LOVE it, but got out bc I felt it was too costly to get a cutting edge execution and alternative data. You really need to start with 30-50M just to have a profitable organization. That being said, I love it with all my heart.
“We also learn the importance of backing up your data” 😂
amazing how you compile all these information
Im big fan of yours. Lots of love❤❤❤
Could you please do a video on Wall Street risk management? I think it would be super interesting! I love your videos please keep it up
I just want to open a new RUclips account and subscribe to your channel again... great work professor.
Love your use of the Wizard of Christchurch .... Haven't seen him since the earthquakes down there
What is required to become financial engineer? What kinda subjects required ? I'm doing bussniss administration right now
Statistics and calculus. Take an excel, Portfolio management, and markets and Institutions courses.
Thanks Patrick, I am interested to see a Quant idea that "used to work" and doesn't work anymore! Can you guide/hint?
I've never heard of quanitative trading but it makes a lot of sense and seems a more logical and scientific approach to trading compared to the way most traders operate. I'm going to buy Patricks books and study this method closely. One approach to trading that served me well in the past is using pure mathematics and probability to determine price direction and and how far it's likely to move in a given time period I'm a programmer so coded a good probability indicator that worked 90% of the time but couldn't manage the risk side very well so eventually gave up on it after losing 10 months of gains in one bad trade.
I'm so happy I found you through the plain donut
The Japanese warrant boom was also an important factor in the growth of Quant funds
I asked in the live chat but I think my questions may have slipped by. If you could, I'd like to hear your side on this.
1) Do you believe quant trading strategies (particularly HFT but other forms of algorithmic trading as well) should face restrictions in the form of latency restrictions or fees/taxes imposed on large amounts of trades? It seems fundamentally unfair that those able to straight up purchase advanced software and hardware next to the exchange get to automatically frontrun trades and continuously extract wealth from the market, with quite simply no way for the average investor to compete or level the playing field. IEX is a start, but it would be lovely if machines manufacturing money, as Ken Griffin called his company, did not exist, don't you think?
2) On the subject of risk - do you believe, in critical market conditions, quantitative trading strategies can compound the problems of forced deleveraging, mass sell offs, low liquidity or other such atypical circumstances? With the amount of leverage currently circulating in the financial system (which is downright terrifying as the computers have continuously pumped as much as they are allowed to generate gains), forced deleveraging accentuated by algos frontrunning each other could seriously make the next crash the worst we have yet to see. This is in my opinion, of course, but some other doomsayers such as Michael Burry also believe excess leverage and asset price inflation could go awfully wrong, awfully fast. Algorithmic trading could exacerbate this problem, as it has in the past.
3) Do you believe algorithmic trading can create circumstances that should not usually exist as the algorithms are left to run on "autopilot", creating situations that are what I almost certainly believe were machine made - think GME with its 140% short interest. Someone punched in numbers that implied a high likelihood of default on corporate debt and subsequent bankruptcy, told the machines to sell calls and short shares as much as they could, and then when the black swan event happened more shares were owed than could possibly be purchased back - simply because the open interest of ITM calls + short shares exceeded the number of free trading shares legally issued by the company. The algorithm doesn't care about that - it does what it is told, obeys its parameters, and if the person who inputs the data makes a mistake, the sheer efficiency of the machine makes that mistake exponentially larger. Garbage in, garbage out.
Hi Professor, could you make a video explaining the silver squeeze and the alleged manipulation of the silver market?
Hi Patrick! Have you made video on what software, tools or programming libraries you use to backtest and analyze ideas and trading strategies?
@@7months711 What kid of reply was this for my question? Your account hacked or what?
Wonderful video, thank you.