March 2013
Intermediate to advanced
608 pages
17h 23m
English
book
Investment Risk and Uncertainty: Advanced Risk Awareness Techniques for the Intelligent Investor
by Steven P. Greiner
Content preview from Investment Risk and Uncertainty: Advanced Risk Awareness Techniques for the Intelligent Investor
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 20
The Future of Risk Management and Analytics
The role of technology in shaping risk management cannot be understated. Its evolution has taken risk management along with it. Imagine trying to estimate a factor model or perform a mean-variance optimization with a slide rule. Imagine again trying to sift through tick data for trading opportunities. Imagine trying to back-test any sort of strategy. Risk management was implicit because it had to be before computers. No one focused on correlation, because you couldn’t compute correlations with a slide rule. Looking at any five- to 10-year span, it’s hard to argue against the advances in risk management available to practitioners being due to the advancement of technology. In the 1980s, computer memory was measured in kilobytes; in the 1990s, megabytes; in the first decade of the 2000s, gigabytes; and now memory is measured in terabytes. It doesn’t take a PhD to make an extrapolation that by the 2020s exabytes (1018 bytes, of which 1015 would store the entire contents of all the libraries in the United States, leaving 1,000 times that much empty) will be the working descriptor for computer memory.
This is a dominant theme in investing in general, as there has always been vastly more pertinent information available ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.