Mrityunjoy Chakraborty, IIT Kharagpur professor:
"Jane Street pays a 22 year old $500,000 a year for one skill: turning uncertainty into a number you can bet on. that number is the first thing this professor teaches, and it is free"
this free lecture is the foundation every quant bot and hedge fund model is secretly built on.
before the AI, before the strategy, there is one question. what is the chance this happens, exactly.
get that number right and every bet after it is just math. get it wrong and no model, no bot, no amount of compute can save you.
Chakraborty builds probability from the axioms up, on a blackboard, in notation a 15 year old can follow.
Wall Street sells this as a $500,000 edge. an IIT professor hands you the source code for nothing.
Mrityunjoy Chakraborty, IIT Kharagpur professor:
"Jane Street pays a 22 year old $500,000 a year for one skill: turning uncertainty into a number you can bet on. that number is the first thing this professor teaches, and it is free"
this free lecture is the foundation every quant bot and hedge fund model is secretly built on.
before the AI, before the strategy, there is one question. what is the chance this happens, exactly.
get that number right and every bet after it is just math. get it wrong and no model, no bot, no amount of compute can save you.
Chakraborty builds probability from the axioms up, on a blackboard, in notation a 15 year old can follow.
Wall Street sells this as a $500,000 edge. an IIT professor hands you the source code for nothing.
@chutneylife If you want to learn economy, you need to start with bonds
Bonds decide all your borrowing:
Mortgages auto loan line of credit and many more
@Moonchild195
@rcwhalen CHRIS , I listen to your interview with DARRAL at VRIC.
You mentioned that https://t.co/L26ggOM1KA has cds in euro?
which one , 1 year, 10 year or 30 year?
Thanks
@Moonchild195
YESTERDAY JIM CRAMER TOLD HIS VIEWERS TO BUY $IBM SHARES
TODAY IBM SHARES FELL 25% THE BIGGEST 1 DAY DROP IN THE COMPANYโS ENTIRE 100 YEAR HISTORY
INVERSE CRAMER NEVER FAILS