Link: http://investorfieldguide.com/numerai/
About Richard: Founder and CEO of Numerai; hedge fund which crowdsources machine learning algos
What does Numerai do?
Numerai runs open contests where they supply scrubbed financial data which is unlabelled and respondents submit ‘targets’. They do not need to submit their algorithms. Contrasting with Quantopian, the system doesn’t rely on trust. You preserve your IP which encourages collaboration and also has zero interpretability.
Problem is set up in a specific way, data is highly normalized, and doesn’t seem to be too non-stationary. Respondents compete on the predictive value of their machine learning algos.
Important criteria for crowdsourcing to be effective
Observations
Friends, I saw this chart on LinkedIn and the call of mental math immediately lured…
Friends, I saw this chart on LinkedIn and the call of mental math immediately lured…
My recent post, Nah…you just ain’t seein’ the ball addresses the lazy confession you hear when professional…
One of the memorable ideas from Peter Thiel’s Zero To One is the 2×2 grid with quadrants…
Friends, One of the memorable ideas from Peter Thiel’s Zero To One is the 2x2 grid with…
When I hear someone mope “the market doesn’t care about fundamentals” I change the channel.…