No. 01 · 14 parts · read in order
Quantitative Finance 1
return, risk and what a mix buys you
- 01Quantitative finance in ten ideas7 min
- 02What is quantitative finance?13 min
- 03Probability: how often something happens11 min
- 04Expected value: what a risky choice is worth on average10 min
- 05Returns compound: multiply, never add12 min
- 06Mean and standard deviation: return and risk in two numbers11 min
- 07Sharpe, Sortino and information ratio: return per unit of risk14 min
- 08Covariance and correlation: why a mix is safer than its parts12 min
- 09Beta and alpha: how much of the market you carry, and what is left12 min
- 10Portfolio optimisation: choosing the weights13 min
- 11Value is an estimate: discounting, growth and the margin of safety10 min
- 12Why prices are hard to beat: efficiency, random walks and a roulette wheel13 min
- 13What a trade really costs11 min
- 14Data that lies: the bugs that look like alpha11 min