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The Algorithmic Advantage
002 - Validate for Yourself! The Science of Trend Following - Richard Brennan
Aug 22, 2023
Richard Brennan, an expert in systematic trend following, discusses the application of the scientific method in economics and the complexity of trading. He emphasizes the importance of strategy creation, testing, and deployment in trend following, as well as maximizing diversification and using AI in trading projects. Additionally, he explores the use of chat GPT for selecting uncorrelated markets and building enduring strategies through algorithmic portfolio construction.
01:10:50
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Quick takeaways
- Systematic trading relies on algorithms and data analysis to inform trading decisions.
- Diversification and risk management are essential in systematic trend following.
Deep dives
Quant Trading and Systematic Trading
The podcast episode discusses the advantages of systematic trading and the importance of quantitative trading. It explores the role of systematic trading in the investment landscape and highlights the benefits of using algorithms and data analysis to inform trading decisions. The episode emphasizes the need for a systematic and rules-based approach, relying on historical data and backtesting to validate trading strategies. It also touches on the significance of diversification, risk management, and the iterative process of refining and updating trading models.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode