TL;DR Broadly speaking there are two sources of investment returns available to investors – risk premia...

You Insure Big Ticket Items, Why Not Your Portfolio? Most people choose to insure their largest...

By Sergei Belov, Ernest Chan, Nahid Jetha, and Akshay Nautiyal Abstract We applied Corrective AI (Chan,...

By Ernest Chan and Akshay Nautiyal Features are inputs to supervised machine learning (ML) models. In...

One major impediment to widespread adoption of machine learning (ML) in investment management is their black-box...

By Ernest Chan and Roger Hunter Nowadays it is nearly impossible to step into a quant...

Many algorithmic traders justifiably worship the legends of our industry, people like Jim Simons, David Shaw,...

In his famous book “Thinking, Fast and Slow“, the Nobel laureate Daniel Kahneman described one common...

By Ernest Chan and Ray Ng Optimizing the parameters of a trading strategy via backtesting has...

I have been troubled by the following paradox in the past few years. If a stock’s...