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No Quarter Radio’s Sense on Cents with Larry Doyle Goes “Inside the Black Box” with Rishi Narang

Posted by Larry Doyle on October 10, 2009 5:53 PM |

UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.

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Please join me this Sunday evening, October 11th, from 8-9pm for my weekly radio program Sense on Cents with Larry Doyle on No Quarter Radio. This show is an extension of my regular work at Sense on Cents where I attempt to provide insightful analysis and perspectives on the markets, economy, Wall Street, Washington, and global finance all in hopes of helping you more effectively ‘navigate the economic landscape.’

This week we will go “Inside the Black Box” with Rishi Narang, author of this insightful book which provides ‘the simple truth about quantitative trading.’ In addition to having recently released this fabulous  book, Rishi is the founding principal of Telesis Capital LLC, which invests in quantitative trading strategies. From 2002 to 2005, Rishi was a managing director and co-portfolio manager at Santa Barbara Alpha Strategies. Rishi was president and vice-chairman of Tradeworx, Inc., a quantitative hedge fund manager from 1999-2002. He has been involved in the hedge fund industry with a focus on quantitative trading strategies since 1996. He graduated from the University of California at Berkeley with a BA in economics.

We will not only bring you ‘inside the black box’ but we will make sure you get out of the box, as well. In going in and out of the black box, we will address how and why this business has grown by leaps and bounds on Wall Street. What are the secrets of successful quant trading? What are the pitfalls? What caused some of the disasters in quant trading? How have quants factored into the recent credit crisis? What is the future of this business?

Your host, as a former trader although certainly not a quant, looks forward to having a riveting discussion with Rishi Narang who has provided real transparency into this generally perceived dark corner of the market. Please join me this Sunday evening from 8-9pm EDT as we take this episode of No Quarter Radio’s Sense on Cents with Larry Doyle “Inside the Black Box.”

As a reminder, all of my Sunday evening shows are taped and archived here at Sense on Cents, along with podcasts on iTunes.

Thanks for your support.

LD

  • whoisjohngalt

    Larry, I know this is off topic a little bit , but could you address this at the end of your show. Thanks

    By definition it is difficult to sustain a recession for more than a year. Recession is defined simply as a period when GDP falls (negative real economic growth) for at least two quarters. If one looks at this:

    http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=2&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Qtr&FirstYear=2006&LastYear=2009&3Place=N&Update=Update&JavaBox=no

    Percent change at annual rate GDP:

    4Q 2007 ….. +2.1%
    1Q 2008 ….. –0.7%
    2Q 2008 ….. +1.5%
    3Q 2008 ….. –2.7%
    4Q 2008 ….. –5.4%
    1Q 2009 ….. –6.4%
    2Q 2009 ….. –0.7%

    the recession did not really begin until the 3Q of 2008. I think the press likes to frame it back to jobs lost since December 2007 to make it look more like it was Bush’s fault. True, we did have a negative 1Q in 2008, but 2Q 2008 was positive.

    So when is a recession over? Answer: when the GDP grows compared to the depressed quarter from the previous year. Thus, when the positive # comes out for 3Q 2009 when compared to a depressed 3Q 2008, then everything will be great–recession over, Obama is great! Not really with official unemployment near 10%, underemployment near 17%, delinquent mortgages above 13%, tax revenues down 18% and the yearly federal deficit at $1.8 trillion. I have learned a new word, you should too. Quadrillion which is a thousand trillion or 1,000,000,000,000,000.

    Again, by definition it is difficult to sustain a recession for more than a year. Timothy Geithner or anyone else can end a recession in one year because it is a rigged game by definition.

    • Larry Doyle

      Great commentary and thank you very much for sharing these statistics. In so many words, our economy has dropped into an abyss. The fact that we may not be dropping further is hardly reasons for ebullience or even thoughts that we are truly improving.

      I will address. Thanks for the prompt.






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