𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯

Quant Fund Manager, Statistician, Motorcyclist, Scuba Diver

[Zara Zhang @zarazhangrui]

If you've adopted AI at your company but haven't seen any tangible results, read this 1990 article: "The Dynamo and the Computer" by Paul David.

When electricity first arrived, factories that "adopted" it barely got faster. They just swapped the steam engine for an electric one and ran everything else exactly as before: same machine layout, same workflow, same management. Electricity in, no real gains out.

The most common mistake with any new technology is to drop it into the old organization and then declare the transformation done.

The real leap came decades later, when each machine got its own small motor. Suddenly machines no longer had to be lined up around one central drive shaft. They could be rearranged around the actual flow of work.

The productivity gains didn't come from electricity. They came from REDESIGNING THE ENTIRE FACTORY around it.

AI is the same. Bolting it onto your existing process gets you a faster steam engine. The payoff comes when you redesign the work itself.

(link to paper in comments)

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

I am humbled by the completion of Chartered Financial Analyst - one of the highest degrees in the field of finance.

I have jotted down my #CFA journey in a series of posts on my blog.

https://t.co/ALj8uQeydg

[Marius Hauken @mhauken]

Shortcuts is the most powerful app on your iPhone.

But 99% don’t know how to use it.

Here are 7 shortcuts to make your life easier:

[Tansu Yegen @TansuYegen]

Powerful message👏

[Excel Dictionary @exceldictionary]

Top 5 Excel shortcuts on my shortcut mousepad:

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

We review the performance of the quant factors used by us while managing in Sankhya India Portfolio, a Quant PMS in India.

@jposhaughnessy

[Multi-Act @Multi_act]

Sankhya India Portfolio is built on factors selected using rigorous quantitative research. In this newsletter, we take a deep dive in each of the factors to see how they have contributed to Sankhya India Portfolio's returns over the years.
Read on: https://t.co/DBBOperQG4

#sip

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@LibertyGILtd I am trying to claim for Trip Cancellation, but after I select ticket, cancelled cheque and refund pdf files and click next, it shows an error - ALERT! ACCIDENT DATE AND TIME IS INVALID. I tried Edge and Firefox browser, same error. Can you help?

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@ramit Electric vehicles. I have no doubt that they are the future, but today the infrastructure is yet to catch up. Heck enen the tech feels non standardized across brands.

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@ExpReturns @laserlikemike Requiring 11% return to recoup -10% loss is maths, but requiring (or letting go of) 30% return for -10% loss is a bias.

Some say that it is shaped up by how one has made money. People who earned their capital by risking it are less loss-averse than those who saved steadily.

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@laserlikemike Same here. This is the textbook definition of a behavioural bias called Loss aversion. Unlike cognitive biases that can be overcome by data and logic, this is an emotional bias that needs discipline more than data to address.

It is my 2022 resolution to overcome this bias.

[Rekhta @Rekhta]

धूप में निकलो घटाओं में नहा कर देखो
ज़िंदगी क्या है किताबों को हटा कर देखो
~निदा फ़ाज़ली

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@KalpenParekh If the brokerage is per trade and not on trade size, the increasing frequency of SIP will result in more trading cost, perhaps higher than any increase in returns. Also it will make rebalancing very tedious.

[Yeni Metin Belgesi.txt @isimsiz_txt]

@cctv_idiots

[Brian Feroldi @BrianFeroldi]

I asked, “What online courses are worth every penny?”

I received 89 responses

These 10 online courses are worth the price of admission (and 4 of them are FREE!):

[Chris Hladczuk @chrishlad]

Most advice sucks.

So I crowdsourced the best from 20 million people on Reddit.

Here are 10 life tips you wish you knew yesterday👇

[Colin Landforce 🛠 @landforce]

I stopped reading business books a while ago, I'm reading history and biographies instead.

Here's 43 biographies that'll teach you way more than the concepts and strategies you're reading about right now.

The 3rd one is probably my favorite.

THREAD:

[𝔄𝔫𝔦𝔯𝔲𝔡𝔡𝔥𝔞 𝔐𝔢𝔥𝔢𝔯 @Above2SD]

@KalpenParekh Rice. One KG of rice contains about 50,000 rice grains. So about 5kg each month for 20 years = 5 x 12 x 20 x 50,000 = 6 crore units!

[𝚂𝙼𝚒𝚃 @Dr_SMiT_]

@jposhaughnessy ⭕⚪

[Radhika Gupta @iRadhikaGupta]

15 speaking slots and not a single woman speaker? There are many women fund managers out there.

Am raising a voice because #manels in our industry send yet another signal that finance is not for women…

[Basant Maheshwari @BMTheEquityDesk]

The logical progression of a market participant :

1) IPO Applications
2) Buying cash shares
3) Intraday trades
4) Option Buying
5 ) Naked Futures
6) Hedged Futures
7) One side Option writing
8) Both side Option writing for expiry trades using Vega, Delta and Theta.