054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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Quantitative Trading in the Mix
Rishi: How do you define a quant trader and what is a black box? Rishi: A systematic implementation just means that you've taken the emotion out of the day-to-day buying and selling decisions. At the end he says well is my model missing any information about one of these names like let's say Warren Buffett said he's just bought a bunch of shares of it, so on the back of that lots of people are buying it. He then goes through the trade list to see if his model has missed anything at all.
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