• Inside the Black Box

  • The Simple Truth About Quantitative Trading
  • By: Rishi K. Narang
  • Narrated by: Richard J. Brewer
  • Length: 7 hrs and 40 mins
  • 4.5 out of 5 stars (54 ratings)

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Inside the Black Box

By: Rishi K. Narang
Narrated by: Richard J. Brewer
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Publisher's summary

Quantitative trading strategies - known to many as black boxes - have gained a reputation of being difficult to explain and even harder to understand. While there is a certain level of complexity to this approach, with the right guidance, you can successfully overcome potential obstacles and begin to excel in this arena.

That's why expert fund manager Rishi Narang has created Inside the Black Box. In a straightforward, nontechnical style - supplemented by real-world examples and informative anecdotes - this reliable resource takes you on a detailed tour through the black box. It skillfully sheds light upon the work that quants do, lifting the veil of mystery around quantitative trading and allowing anyone interested in doing so to understand quants and their strategies.

Divided into three comprehensive parts, Inside the Black Box opens with an accessible introduction to the discipline of quantitative trading and quickly moves on to demonstrate that what many call a black box is in fact transparent, intuitively sensible, and readily understandable. Along the way, it also explains how quant strategies can fit into your portfolio and why they are so important.

Whether you're an institutional investor or high-networth individual, the lessons learned here will help you gain an edge in today's turbulent market. Some of the tough questions answered in this book include:

  • How do quants capture alpha?
  • What is the difference between theory-driven systems and data-mining strategies?
  • How do quants model risk?
  • What can be learned about investing in general from quantitative trading?
  • And much more.

Given both the difficulty of the market environment over the past few years and the negativity surrounding hedge funds in general and quant funds in particular, there has never been a better time to become more familiar with what quantitative trading is really about. With the help of the framework found here, you can gain a firm understanding of quant strategies, discern which are more likely to succeed, and ascertain how to use specific strategies in a portfolio, to help improve the performance of your investment process.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2009 Rishi K Narang (P)2012 Gildan Media

What listeners say about Inside the Black Box

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  • Overall
    5 out of 5 stars

Great book, great reader!

Finally a great reader that makes it easy to listen to these really dense education books.

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Simply Awesome

I absolutely loved it, and I thought it was very informative and went a little deeper than I expected but it was great knowledge to have I am going to read it several more times, thank you.

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Great Primer on Quant Trading

I'm new to quantitative trading, and this was a great overview of the different pieces and the whole.

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Very informative

Although dated (this industry is one that changes rapidly), I was surprised the amount I took from just listening. It is not a textbook nor light reading. It is at just my level. A good read for those curious of the mechanics of quantitative finance.

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