Insights from technology, behavior and design can help create a new folklore of finance
What excites me is that you can use technology to travel in two equally helpful directions – you can use basic off-the-shelf technology to dramatically improve your current processes, or you can use tech to transform the way you do business. Read More …
The design firm Ideo has made excellent improvements to the process by which public services like Social Security get handled. Technology firms are able to improve their products at a faster rate using programming concepts like Agile. Automobile companies have Read More …
We often tend to confuse the purpose of presentations between the need to show how much work we have done, vs. trying to help the audience make an informed decision. Edward Tufte, the guru of information design, points to espn.com Read More …
Value is often created by helping more people do more easily. This makes the interface probably the most important creator of value in history. Take a look at personal computing for example – In early stages, only those who understood Read More …
For quite a while now, I have been following the excellent blog Farnam Street, where Shane Parrish delves deeper into the benefits of slowing down. After working on a trading floor, multi-tasking, “working” long hours, and getting overwhelmed balancing the Read More …
A combination of off-the-shelf databases, APIs that connect to data, and a web/mobile based front-end, running on cloud platforms like Azure, Sharepoint or Amazon Web Services can easily take your current processes, make them faster, scalable, accurate and most Read More …
The availability of data, the computing power to analyze data, along with the ability to run analytics using languages like Python, R, or platforms like IBM’s Watson Analytics have changed the way asset allocation or investment decisions can be made. Read More …
While technology is exciting, I often hear from investment professionals that they don’t understand technology and that while the staff they hire may be good at analyzing markets, there aren’t that many people who are good at analysis and technology Read More …
In its Third Quarter 2014 publication of Alternative Thinking, AQR discusses how our behavioral biases as investors can affect potential returns. The entire article is an excellent read and focuses on return chasing, under-diversification, and comfort-seeking while selecting investments. Two particular biases Read More …
Behavioral bias exists – using financial theory to inform, data to validate and learn, and technology and design to implement, can help us make the best out of behavioral biases Don’t be fooled by randomness Human beings are predictability irrational Understand Read More …
