Chapter 1 A good deal that only earns money but doesn't lose money
James simons, a master of topology and Chen Shengshen's collaborator, is not a household name, but he has set off layers of heat waves in the investment field because of his unique quantitative investment routine. It is good to enjoy the cool under a large number, and Simmons' disposal is different from Zhuge Liang's. Simmons relies on probability. With a large number of statistical arbitrage operations and the help of mathematics professors outside Wall Street, Simmons's "black box investment" method relies on computer programming and automatic trading, and it is a shoo-in in the contest with the market. Is his quantitative investment method mysterious or transparent?
Chapter 2 Four thousand six hundred Nobel Prizes
If the investment industry is regarded as a kind of Jianghu, if there are any cheats in this Jianghu, then the authors of the biggest cheats-equivalent to the bound volumes of Jiuyin Zhen Jing, Sunflower Collection and Wu Mu's suicide note-are two seemingly ordinary university professors Merton and Scholes, who are known as "the best people on Wall Street" and "the father of Wall Street arbitrage".
Chapter 3 I have a little secret buried in my heart
In the field of hedge fund industry and investment banking, many people worship Simmons just like God, nicknamed "Elvis Presley", which means the king of hedge funds. Simmons said that his investment method is extensive farming, which is different from Buffett's intensive farming, but the result of extensive farming is really amazing.
Chapter 4 Stock Price Scenery
The macro phenomenon described by the Efficient Market Hypothesis conceals the fact that financial transactions are like the surging tide under the microscope. Quantitative investment against the efficient market hypothesis is like the shark, the number one hunter in the sea, observing and judging the law of ebb and flow in the cold face and catching prey in the ebb and flow. Simmons is such a shark lurking in the waves.
Trends are your friends and enemies.
Looking for the secret of Simmons medal fund from the history of quantitative trading: judging the short-term price changes of foreign exchange and bonds through statistical information analysis, adding risk control model and statistical arbitrage to trade a large number of stocks at high speed; Introduce a variant of statistical arbitrage, trading stocks at low speed; Continue to introduce other models and analyze less commonly used data sources-this is the Grand Medal.
Chapter 6 Higher, Stronger and Faster
A trading order was sent from the west coast of the United States to new york at a speed close to the speed of light, but it was preempted by others. In the millisecond and microsecond quantitative investment arms race, does higher, stronger and faster electronic transactions make the financial industry worse or worse?
Chapter 7 Review of Ships in Hurricane
Quantitative trading is not an inexhaustible gold mine. Excessive data mining has sounded the alarm for quantitative investment, and limited market capacity has become the bottleneck of quantitative investment development. History can be said to be an ongoing past tense, which may be repeated. It may also change.
Chapter 8 Who has the next finger to turn stone into gold?
Statistics, mathematics, operational research, quantum physics, informatics ... The most basic of these quantitative investments, Jin Gan Gonzuan, predicted Simmons' next birthday in a sexual model? This is a game between machines and people, and it will also be another legend of quantitative investment.
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