A free pre-release version of Rational Investment is available for download at www.rtnlblog.net, the informational site for the book. The site also offers a wealth of insight into cognitive biases, complexity finance and system trading.
Online PR News – 28-February-2012 – – In spite of the financial crises over the past few years, the current economic hegemony maintained by policy-makers, mainstream economists and professional investors on both sides of Wall and Main St. is alive and well. However, a small, but increasingly vocal group of economists from Daniel Kahneman, Richard Thaler and Eric Beinhocker to investment professionals from Edgar Peters, Naseem Taleb and trend-following system traders have been persistently arguing for a more realistic, if more complex, view of the markets and the economy.
In Rational Investment - Why System Trading is the Only Rational Way to Invest, hedge fund manager, Mark Lee, attacks the core concepts of traditional economics and finance, exposing their irrational foundations, ultimately, and rather straightforwardly, concluding that fundamental, discretionary (as opposed to systematically or mechanically) investing is not rational. Rational agents, neoclassical economics, market/economic equilibrium and fundamentals-based investing all get their due.
The remainder of the book is one of the few philosophical justifications of quantitative investing, generally, and system trading, specifically, in print. System trading is treated in its fullest context, as Lee discusses everything from reductionism to artifical intelligence. With an emphasis on adaptive system trading, Rational Investment argues for a more sophisticated and technologically intensive practice of system trading. The book ends with examples of proper backtesting, an adaptive trading system and a genetic algorithm-designed trading system.
Rational Investment - Why System Trading is the Only Rational Way to Invest is due out April 10, 2012 from Harbinger Financial Press. Mark Lee is the founder and CIO of Rational Investment Research, a Singapore-based boutique hedge-fund specializing in the quantitative form of investing called system trading.
For a limited time, a free pre-release version of Rational Investment is available for download at www.rtnlblog.net, the informational site for the book. The site also offers a wealth of insight into cognitive biases, complexity finance and system trading.
For information: www.rtnlblog.net
Rational Investment Research (RIR) is a boutique hedge fund based in Singapore. RIR develops and manages a portfolio of leading-edge, quantitative-based intraday systems traded on the US futures markets. Please send an email to email@example.com for more information.