{"product_id":"inside-the-black-box-a-simple-guide-to-systematic-investing-hardcover","title":"Inside the Black Box: A Simple Guide to Systematic Investing - Hardcover","description":"\u003cp\u003eby \u003cb\u003eRishi K. Narang\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMaster the basics and intricacies of quant and high-frequency trading with the latest edition of this accessible and widely-read guide\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn the newly revised third edition of \u003ci\u003eInside the Black Box: A Simple Guide to Systematic Investing, \u003c\/i\u003e veteran practitioner and investor Rishi K Narang delivers another insightful discussion of how quantitative and algorithmic trading strategies work in non-mathematical terms. As with prior editions, this third edition is full of timeless concepts and timely updates. Supplemented by compelling anecdotes and real-world stories, the book explains the most relevant developments in the discipline since the publication of the second edition in 2013. \u003c\/p\u003e\u003cp\u003eYou'll find out about the explosion in machine learning for alphas, signal mixing, data extraction, and execution, as well as the proliferation of alt data and a discussion of how to use it appropriately. You'll also discover: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eUpdated discussions of approaches to research\u003c\/li\u003e \u003cli\u003eNewer and more effective approaches to portfolio optimization\u003c\/li\u003e \u003cli\u003eThe frontiers of quantitative investing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn essential and accessible treatment of a complicated and of-the-moment topic, \u003ci\u003eInside the Black Box\u003c\/i\u003e remains the gold standard for non-mathematicians seeking to understand the ins and outs of one of the most fascinating and lucrative trading strategies, as well as quants from disciplines outside of finance looking for a conceptual framework on which to build profitable systematic trading strategies.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn the newly revised \u003ci\u003eThird Edition \u003c\/i\u003eof \u003ci\u003eInside the Black Box: A Simple Guide to Systematic Investing, \u003c\/i\u003eveteran algorithmic trader and investment manager Rishi K Narang delivers an easy-to-follow and insightful presentation of how quantitative and algorithmic trading strategies work in the real world. Offered in non-mathematical terms, the author discusses the most recent developments in the field since the publication of the previous edition in 2013. \u003c\/p\u003e\u003cp\u003eYou'll find compelling anecdotes and real-world trading stories that help illustrate the hands-on ideas explained within. You'll also discover explanations of the evolution of quantitative trading and the emergence of \"Quant 3.0,\" explore the explosion in machine learning for alphas, signal mixing, data extraction, and execution, and examine the proliferation of alt data and learn how to use it appropriately. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eInside the Black Box \u003c\/i\u003edemonstrates the relationship between discretionary investing and the overall quantitative and high-frequency trading market, along with newer, simpler, and more effective approaches to portfolio optimization. It reviews the emergence and growth of platforms and pods as a dominant force in the sector and as a new pathway for talent entering the space. \u003c\/p\u003e\u003cp\u003eThe author answers foundational and important questions about quantitative and high-frequency trading, including: How do quants capture alpha? What is the real level of discretion in quant trading? What is the difference between theory-driven systems and data mining strategies? And how do quant traders model risk? \u003c\/p\u003e\u003cp\u003e Perfect for aspiring and practicing quantitative traders everywhere, \u003ci\u003eInside the Black Box \u003c\/i\u003eis a jargon-free and accessible treatment of a complex and timely subject. It's sure to remain the gold standard for non-mathematicians seeking to understand the ins and outs of a lucrative trading strategy.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for INSIDE THE BLACK BOX\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e \"Once again, the insightful Rishi Narang pulls back the covers on quantitative investing in all its forms. As investing inexorably becomes more systematic, let him guide you in understanding these increasingly important investment strategies.\"\u003cbr\u003e \u003cb\u003e-- Ronald N. Kahn, \u003c\/b\u003e Global Head of Systematic Investment Research, BlackRock \u003c\/p\u003e\u003cp\u003e\"Rishi has been demystifying this misunderstood part of the finance ecosystem as an author and practitioner for decades. His insights are both helpful synthesis for the novice and thought-provoking challenge for the expert.\"\u003cbr\u003e \u003cb\u003e--Ben Samild, \u003c\/b\u003eChief Investment Officer, Future Fund \u003c\/p\u003e\u003cp\u003e\"Rishi Narang has a great gift for taking the most complex and arcane of topics within Quantitative Investing (already a complex and arcane world) and making them accessible to all readers. Few others possess Rishi's level of technical and rhetorical skill, allowing this book to be both an educational and fun read. Indeed, Rishi takes us to the very edge of the field and lets us peer inside and also imagine the future. This book is mandatory reading for all who are interested in Quantitative Investing--not just my students at MIT!\"\u003cbr\u003e \u003cb\u003e-- Matthew Rothman, \u003c\/b\u003eHead of Statistical Arbitrage Strategies, Millennium Management and Senior Lecturer, MIT Sloan School of Management \u003c\/p\u003e\u003cp\u003e\"This third edition is required reading for anyone who invests in quantitative funds, and strongly recommended to those who build, operate, design, or run black boxes, who will appreciate Narang's super clear, jargon free high level description of the internal workings.\"\u003cbr\u003e \u003cb\u003e-- Stephen Boyd, \u003c\/b\u003eSamsung Professor in the School of Engineering, Stanford University \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eInside the Black Box \u003c\/i\u003eis a comprehensive, plain-English introduction to all major aspects of systematic investing. It has earned its longstanding reputation as a canonical overview of the topic. This third edition updates and expands the treatment of predictive modeling, portfolio construction, data sources, the future of quantitative investing, and more. If you're looking for a careful, accessible on-ramp that cuts through the jargon to shed light on the ideas, stop here.\"\u003cbr\u003e \u003cb\u003e-- Jon McAuliffe, \u003c\/b\u003eChief Investment Officer, The Voleon Group \u003c\/p\u003e\u003cp\u003e\"Rishi does a phenomenal job of demystifying the 'black box.' Approachable and comprehensive, this book provides valuable insights to both newcomers and seasoned practitioners alike--a must-read for anyone with an interest in the field!\"\u003cbr\u003e \u003cb\u003e-- Stefano Robbiati, \u003c\/b\u003eSenior Managing Director, Quantitative Strategies and Research, Ontario Teachers' Pension Plan\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 368\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.1 x 8.7 x 5.9 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 11, 2024\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51750273614112,"sku":"9781119931898","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/9299e3c0aaeb84d1973c7dbd04e00b7c.webp?v=1779947401","url":"https:\/\/ebocreations.com\/products\/inside-the-black-box-a-simple-guide-to-systematic-investing-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}