Plained euation they never explain WHY this in Python euation does what
They Say As Pseudo say as pseudo instead of a simple mathematical euationThe authors clearly never heard of superscripts either200100 1 CAGR 102 1 CAGR 102 110 1 CAGRSince 2 110 1072 then1072 1 CAGR andCAGR 72% ie 1072 1That s how it s formatted in the book except that all of the above lines are formatted such that all of the symbols line up It s like a 15 ear old wrote it I m so Glad 2 110 1 2 110 1 and since 2 110 1072 then 1072 1 CAGR was explained Wow That was a tough one to follow And it doesn t get much better folks It doesn t
"get much betteri "much betterI it 2 stars instead of 1 because it at least contains what seems to be valid information It s just presented in a horrific manner. Fund managers to charge exceptionally high feesWhile the details of each funds' approach are carefully guarded trade secrets this book draws the curtain back on the core building blocks of many hedge fund strategies Beyond the book's instructional goa. Lass taught by one of the authors surprise It s dry as cat litter and very amateurishly formatted and explained Mathematical proofs are generally over explained in the dumbest ways and random poorly explained notation is used Here re a couple excerpts from an early section I recently reviewedThis is done by compounding the daily return by the number of trading days in a ear 252 as follows in Python annualreturn cumproddailyreturns 1 1That s it There s no days in a ear 252 as follows in Python annualreturn cumproddailyreturns 1 1That s it There s no for the non Python savvy reader that cumprod is a numpy function or that dailyreturns is a particularly shaped numpy array presumably or much less WHY this euation is how ou could or should calculate the value There was absolutely no reason to express this otherwise unex. Htly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets when their market price deviates from their intrinsic value These techniues are shrouded in mystery which permits hedge. .
Definitely too small a book for price one can read it in 20 min The authors just want to make money out of it easily explains the fundamental concepts and just want to make money out of it easily explains the fundamental concepts and of hedge fund investment strategies with case studies Really useful to attend the course computational investing by Tucker Balch on coursera This is so small You could copy and paste the whole content in less than 40 pages of Word This is expensive for what it worth Done by a teacher who asks his own book which is far from being the best book on the subject This book is not worth than 2 4 High level description of the Hedge fund industryI purchased it because of the coursera course offered by the author The only reason I bought this book was because it was reuired for a What Hedge Funds Do provides a needed complement to journalistic accounts of the hedge fund industry to deepen the understanding of non specialist readers such as policymakers journalists and individual investorsWhat do hedge funds really do These lig.