Infinite Loops

Richard Craib — How to Open Source Finance (EP.169)

Jul 6, 2023

58:06

Creator website

AI Chapters

Episode notes

Introduction

3min

How Neemerite Built an Open Source Hedge Fund

2min

How to Bring Open Source to Wall Street

4min

How to Disambiguate Data

4min

The Impediment to Open Source Regulations

4min

How to Make Money in the Stock Market

2min

The Importance of Trust in the Meta Model

2min

How to Make Leverage Decisions

2min

The Reaction of Potential Clients to Numera

3min

10.

How to Make Your Own Cryptocurrency

2min

11.

The Importance of Crypto as an Investment

2min

12.

Quantopian: A New Approach to Machine Learning

2min

13.

How to Optimize Your Process to Be More Capital Efficient

3min

14.

The Future of Quantitative Trading

3min

15.

How to Monopolize Intelligence, Monopolize Data, and Monopoly Money

5min

16.

How to Deal With Data Scientists

3min

17.

Grace Wan: A Data Scientist's Startup

2min

18.

The Future of Machine Learning

2min

19.

Quant Finance's Grand Plan for a Better Future

4min

20.

The Importance of a Good Idea

4min

Richard Craib is the Founder & CEO of Numerai, a new kind of hedge fund where data scientists around the world collaborate to predict equity returns using artificial intelligence. Richard joins the show to discuss Numerai’s origins, how it embraces the spirit of open source, why it has its own cryptocurrency and MUCH more! Important Links:

Show Notes:

The genesis of Numerai
How and why Numerai gives away its dataset
Getting users to put skin in the game
How Numerai scores users; becoming comfortable with the process
Size limits & leverage
Reactions to Numerai
Numerai’s cryptocurrency
How Numerai differs from Quantopian
Data, optimization & LLMs
“Monopolize intelligence, monopolize data, monopolize money, and decentralize the monopoly”
What could go wrong?
Numerai’s relationship with its data scientists
Could Numerai’s model work in any other industries?
What could go wrong?
“Life is long”
MORE!