July 2018
Beginner
336 pages
11h 58m
English
Content preview from The WEALTHTECH Book
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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.
The 100 Trillion Dollar Market Failure
By Oren Kaplan
Co-Founder and CEO, SharingAlpha
The idea behind SharingAlpha had been boiling in my head for years. Once I decided it was time to execute, I called up my brother who is an extremely talented and experienced programmer and asked him whether he would like to join me on this journey. I have over 20 years of experience in the financial industry and I cover the “Fin” part. My brother, now aged 46, has been writing code since the age of 13 and comprises the “Tech” part.
Over US$100 trillion are managed globally by active managers. Most of the assets flow to managers who have performed well in the past and outflow from those that have underperformed, although research has proven time and time again that past performance is not an indicator for future results. It is not just a disclaimer at the bottom of every fact sheet, but actually a reality.
One might compare this with lottery players who decide to select last week’s winning numbers, while most of us are aware of the fact that doing so does not improve their chances. In the asset management world, crowding behaviour might actually be harmful since every strategy has its capacity limitations and therefore, buying into what is known as “mega funds” that have performed well in the past actually decreases their chances of achieving outperformance in the future.
The natural question to ask is: “Why do investors behave this way, or in other words, what is the current market structure ...
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