The law of large numbers in trading and investing for non-statisticians

The law of large numbers is a theorem…

Key components of a quantitative trading strategy

The law of large numbers, part II: Estimating expected values with Monte Carlo analysis

Two basic types of quantitative strategies

Today’s finance world is very creative and complex. There is no shortage of ideas…

Fooled by adjusted prices

For years I am amazed how many people, even quants and academia, use adjusted prices for their strategies signals…

Why rentier capitalism is harmful

The difference between trading and investing

There is no difference besides time horizon, because today’s trading or investment strategies are diverse and complex, involving numerous asset classes and approaches:

Goals of trading and investing

Fooled by games of different scales

Everyone loves citing Warren Buffett (me too). He, of course, has a lot to offer for business…

200+ years of economic idiocy or how to get rid of inflation and recessions

Guess what, after reading numerous books about economics I understood that majority of economists know nothing, usually represented by their scientifically unfounded, even religious ideologically…