I was one block away from the Boston Marathon explosions, so the adrenaline is still pumping. My thoughts and prayers go out to the victims and their families. What a horrific act. I hope the perpetrator(s) meet a painful demise.
Over at Abnormal Returns is an interview that Tadas Viskanta had with Dr. Wesley Gray of Turnkey Analyst about his book, Quantitative Value. It makes a great case for systematic investing (i.e. investing based on rules, not intuition) and why removing emotion from the investing process is really the best way to success in the investment world. However, he goes a step farther by differentiating between investing based on logic and based on empirical data. The argument focuses on value investing, but I think the case presented is applicable to all styles of investment.
I recently came across a great blog run by fellow Collective2 system developer Sanz Prophet with a treasure trove of information for those just starting out with algorithmic trading. Check out the following posts:
- A quick survey of backtesting tools, including Amibroker, Quantshare, Multicharts, and IQBroker.
- Backtesting a multi-strategy algorithm in Quantopian.
- Running Quantshare in the cloud (Amazon EC2).
- An intro to Amibroker.
A great resource. Visit his blog for more.
[originally posted on the night of September 10]