release2 issue8 Ebook free download pdf pdf

Gratis

0
0
28
3 months ago
Preview
Full text

Release 2.0

  Since the publication of that issue, we’ve seen a tremendous amount of activity as Wall Street and Web 2.0 size up one another, culminating in our inauguralMoney:Tech conference, intended to bring the two sides together in the same room, which we held in February. David David Leinweber’s rarely-updated but often-provocative blog is at Leinweber, a Haas fellow at the University of California at Berkeley, says, “To get http://nerdsonwallstreet.typepad.com an edge, you have to get the news before the news people get there.” Leinweber estimates that in the 1980s, before the web, a market’s reaction time to certainmarket events was measured in weeks.

Release 2.0

  Since the publication of that issue, we’ve seen a tremendous amount of activity as Wall Street and Web 2.0 size up one another, culminating in our inauguralMoney:Tech conference, intended to bring the two sides together in the same room, which we held in February. David David Leinweber’s rarely-updated but often-provocative blog is at Leinweber, a Haas fellow at the University of California at Berkeley, says, “To get http://nerdsonwallstreet.typepad.com an edge, you have to get the news before the news people get there.” Leinweber estimates that in the 1980s, before the web, a market’s reaction time to certainmarket events was measured in weeks.

Beyond Bloomberg

  Computers don’t do irony or you’re supposed to find out, still using public data.” sarcasm all that well, at least not yet, and so much of the text on the web, partic- ularly in the blogosphere, is informal and full of all the complex sentiment thathumans do so well and machine learning is slowly catching up to. As we quoted Haas fellow David Leinweber earlier, “To get an edge, you have to get the news before the news people get there.” Latency is becoming particularly when applied to less and less about the raw data and more and more about what people are consumers, buzz can have a of Silicon Alley Insider puts it, “The only research that’s valuable is the stuff nobody predictive quality.else has.” And what if everyone “has” it?

From buzz to trade

  Then the people who trade for a living, after means less data will stay they consult our index of overall tonality and buzz, can get a sense of how that hidden, and what’s hidden what people are saying on a particular topic.” will stay hidden for a shorterBest practices on both sides of the line period of time. We offer the last word to James Altucher of Stockpickr: “When it comes to data nowadays,n n closed source is a myth.” Release 2.0.8 May 2008 Looking for the New Pond Jimmy GutermanLooking for the New PondPaul Kedrosky tells why Wall Street mistrusts Web 2.0— and offers some tools for getting around that.

Harnessing collective money intelligence

  It has the potential to change markets, to shift the balance of power between can observe and record, the consumers and producers, to overwhelm brand association, convenience, and word-of-mouth, and replace those weak signs with more rigorous data inter- potential knowledge in thatpretation and fundamental analysis. Looking at financial data differently; looking at the movement of an individual in a market; looking for patterns in spending that suggest sentiment: Thesecommon themes have started the Money 2.0 movement, and are leading us towards a new way of understanding finances altogether.

From personal finance to information that moves markets

  While it is too early to drawwidespread economic conclusions from the current sites, it is easy to imagine that a site like Wesabe or one of its competitors reaching the scale of an earlierWeb 2.0 success story such as Flickr would lead to a profound new data source with significant results for the economy as a whole. How many durable goods were reviewing: These simple acts ordered last quarter, and how far along are goals related to those goods in create a financial data stream It is not simply the availability of this data that is important—transaction richer and more evocative data is only part of the equation.

I have grabbed data off Yahoo, for free. There are day trader systems that are websites like Facebook

  Yet we know of at least one business in which a hedge fund purchases data and out-sources analysis of that data to a third party, which combines it with other data and returns the new data, with accompanying insights, to the hedge fund. Some firms may know from the start scope of their business.that they want to spend the money on technology, but there’s so much risk that it is hard for them to imagine spending the money until it becomes important.” Andwith so many Web 2.0 tools available for free, it’s hard to use cost as an argument against them.

How is the hedge fund industry dealing with Web 2.0?

  Investment analytics and tools continue to be a big driver of technology spending and hedge funds tend to buy or invest in technology “that gets thejob done, not win awards,” says Marc Solomon, director of global markets The product went from idea industry is reasonably well served on the trading side with all sorts of trading tools and technology. They’re analystsand traders and are not familiar with thinking about how to use tech to run their business.” Providing solutions: Responding to the observation that there may need to be more intermediation of technology in the future, Solomon says, “Managers can build proprietary technology or outsource to third parties.

Tip 1: Know whether you can take bad news

  Decision markets are those where management says, “we want to know the answer, even if it’s unsettling.” These can work, says Hanson, but you have to takegreat care to get those with the relevant knowledge involved. They also require the whole company to buy into the process, to follow the advice of the marketeven if it goes against a senior manager’s intuition.

Tip 2: Ask questions that will get trades

  “We feel markets are more rewarding for players when there are a lot of trades.” Often this involves askingquestions that a lot of people have insight into. “You could get similar results simply by making peopledoes.” So “will life be better under a Democratic president?” isn’t a question for a prediction market, but “will inflation go up 1% in the first six months if a Democratwins the presidency?” is.

Tip 6: Some questions shouldn’t be asked

  We run a leaderboard.” did in the past, but nobody The leaderboard reveals the identity of the top 10 players for bragging ever does.” rights, but in general Google traders play anonymously. There are bragging rights to be able to say `I predicted X, Y, and Z before the rest of you.’” Sure enough, Google has found that traders are more motivated by reputation than prizes.

June 23–24

  http://conferences.oreilly.com/velocity/O’Reilly debuts a new conference dedicated to Web performance and operations. Brainstorm Tech (Half Moon Bay, CA)July 21–23 http://www.timeinc.net/fortune/conferences/brainstormtech/tech_home.htmlFORTUNE’s David Kirkpatrick brings together “an invited group of superb tech thinkers and leaders with smart people from other arenas for two days ofintense and creative interaction.” Black Hat USA (Las Vegas, NV) http://blackhat.com/August 2–7 Find out about the latest in security before it’s too late.

October 24–28

  Your annual Release 2.0 subscription costs $495 per year, and includes both the print and electronic versions of six every-other-month issues, access to the complete Release 1.0 andRelease 2.0 archives, a discount on attendance to O’Reilly conferences, and full access to our website, http://r2.oreilly.com.name titlecompany addresscity state zip country telephone faxemail (personal email required for electronic access) urln My colleagues should read Release 2.0, too! Send me information about multiple copy subscriptions and electronic site licenses.n check enclosed n charge my (check one) n american express n mastercard n visacard number expiration date cvs coden same as above n see belowname and billing addressname addresscitystate zip country signature Please fax this form to 1.818.487.4501 or mail it to Release 2.0, P.

Dokumen baru