Quantitative Finance YouTuber and Beekeeper
Dallas, TX
Joined February 2013
- Tweets1.4K
- Following131
- Followers1.6K
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Dimitri Bianco retweeted
✳️ Who we are — OVVO Labs Founder - Fred Viole
This video explains why the work exists and the persistence required to turn a statistical objection into production tools.
youtu.be/DYDTD3_76VA
✳️ What makes us different — Partial Moments in Quantitative Finance
This video supplies the technical “why this is different” argument.
youtu.be/7_2on2WF9Gs
Most managers claim they're different and think outside the box. None of them has these receipts.
Dimitri Bianco retweeted
PSA: Stop conflating diversification with portfolio theory.
Diversification theory asks how to organize exposures and dependence, particularly under estimation error.
Portfolio theory requires two additional primitives:
beliefs about future outcomes and preferences over those outcomes.
A covariance matrix can describe diversification opportunities. It cannot, by itself, determine portfolio choice.
No beliefs + no preferences = no portfolio theory.
ovvolabs.com/media
Most people don't realize that banks use automation with models to make decisions. There isn't a person reviewing every application as there are a group of models doing it.
#models #ai #machinelearning #quant #datascience
youtu.be/-a7dmTK1H94
One of the hardest problems in quantitative finance has been finding talent and AI has made this much worse.
#Quant #machinelearning #ai #datascience #risk #careers
youtu.be/gUo1qa4CsPM?is=9t39…
Dimitri Bianco retweeted
Want to bullshit about it at conferences and pretend you have any insights on this, or do you want actual rigorously validated shipped solutions?
Building models ✅, challenging assumptions ✅, developing new frameworks ✅, pushing the frontier of quantitative research ✅…
lnkd.in/p/gC38XJbx
This is why Lloyd has been my favorite bank CEO. He has a unique balance of risk and reward that is grounded in reality. Over the last 5 years I've been watching risk management become diluted as regulations have weakened. The AI hype has just accelerated it.
My recent programming band is Buffalo Traffic Jam.
#models #coding #datascience #music #statistics #quants
Having children who think you can fix anything is like having people with insurance. They are more reckless thinking nothing can go wrong.
I recent discovered @EmBeihold on Spotify. I was really surprised she's created such great music that I haven't heard before. Appreciate your art!!!
#music
Dimitri Bianco retweeted
Warren Buffett and Charlie Munger were asked about Jim Simons' Medallion fund, ~39% a year, net of fees, for three decades, and whether Berkshire would ever hire a quant to trade like that.
Their answer is a masterclass:
"we're not trying to make money trading stocks. we don't think we know how to do it. if we knew how, we'd probably be trading stocks too. but we don't, and we really don't trust anybody else to do it for us."
two of the greatest investors, plainly saying: that's not our edge, so we don't play there.
then Munger explained why even Renaissance had a ceiling:
"if they tried to do it too much, they destroyed their own advantage. there was a limit on the amount they could make."
the better the edge, the smaller it often is. the most inefficient, hardest-to-find opportunities pay the most per dollar, which is exactly why most edges of those kinda can't scale that aggressively. capacity and edge trade off against each other.
none of which takes away from what Simons built. it just explains why it didn't scale to manage $1 trillion.
Why is it that one trick quants tend to be the loudest? Is it that they have a great idea they really want to share or is it that they can't see through any other lens?
#Quant #academics #finance #datascience
How to tell why your citrus leaves are yellow and how to fix it.
#citrus #Dallas #BiancoLand
youtu.be/FDYsndXX6BA?si=VO5n…
When you have a nickname that rhymes in the middle of your real name like a wrestler, you won't make it on my podcast. Sorry, but I only bring on quant and quant adjacent guests at this point.
#podcasting #journey
