3min chapter

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#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading

Lex Fridman Podcast

CHAPTER

Using Machine Learning to Make Short-Term Investing Decisions

We're not really caring about things like order books and tick data, not high frequency at all. So our prediction time horizon is about one month. We end up holding stocks for maybe like three or four months. To go long a stock that's mispriced on one exchange and shorter on another exchange? That's just arbitrage. But what we're trying to do is really know something more about the longer-term future of the stock. And then now anyone can try to build algorithms that make investing decisions on top of that data.

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