AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Aneet Chachra - Surfing Flow for Fun and Profit (S5E4)
Flirting with Models
How to Build an Exact Replica of the Real World
When you start off as a quan, your temptation is to take like every piece of data you can find and shove it into your model. But even if you have perfect data, that's actually a lot less useful than you would think. It doesn't really tell you why somebody owns the shares, and what they might do if things changed. And really, like, that's the most important thing, because it's the marginal flow that sets the price. The way i think about it is, ike imagini. You take out an aerplane and you fly over los angeles, or any other big city. Some of those cars ther re going to be in parking lots or
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode