June 2015
Beginner
256 pages
5h 7m
English
book
Principles of Quantitative Equity Investing: A Complete Guide to Creating, Evaluating, and Implementing Trading Strategies
by Sugata Ray
Content preview from Principles of Quantitative Equity Investing: A Complete Guide to Creating, Evaluating, and Implementing Trading StrategiesBecome 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,
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13. Behavioral Biases Avoided by Investing Quantitatively
One of the main reasons retail investors do not perform as well when directly trading stocks compared with index mutual funds is that their trading decisions suffer from behavioral biases. Behavioral biases are consistent biases that affect human decisions, impeding our ability to make wealth-maximizing decisions. This chapter enumerates some of these biases and discusses how they affect traditional, but not quantitative investing, and how quantitative investing avoids the negative effects of these biases.
The first three biases this chapter examines have to do with the way many people pick stocks. People read about something in the news, and that in turn leads to some research, which ...
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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.