How will the future unfold? What is the impact of technology on business & society? As technology reorders the world in which live, who will be the winners and who will be the losers? Join Azeem Azhar, curator of the Exponential View newsletter, in deep conversation with the world's leading thinkers and practitioners exploring these and other important questions. The views expressed on this podcast are those of its hosts, guests, and callers, and not those of Harvard Business Review.
https://hbr.org/podcasts/exponential-view
episode 34: Can Collective Intelligence Beat the Market? (with Numerai’s Richard Craib)
Quantitative hedge funds (or “quant funds”), which rely on the work of employed mathematicians to develop complex trading strategies, are nothing new. But what if the mathematical work is outsourced to anyone, via a contest where the best predictions are rewarded with cryptocurrency?
Richard Craib, founder of Numerai, explains to Azeem Azhar why his $70 million fund uses collective intelligence to perform well, despite the turmoil in the markets.
They also discuss:
- The history and theory of quantitative investing.
- When collective minds can work better than brilliant individuals.
- How Richard found himself accidentally explaining how “quant funds” work to Howard Morgan, the co-founder of one of the most successful “quant funds” in the world.
@azeem
@exponentialview
@richardcraib
Further resources:
- Money in the Metaverse (Exponential View Podcast 2022)
- Superminds Bridging the Innovation Chasm (Exponential View, 2022)
- Alien Stock Market Intelligence (Richard Craib, 2022)