How universities are failing finance students

One of us (Marcos Lopez de Prado) has been interviewed on the topic of educational training in the finance field by Institutional Investor. A brief synopsis of this interview is below. The full article is HERE.

How Universities Are Failing Finance Students

With investment shops fighting over mathematicians and engineers, a Guggenheim executive argues that finance degrees and departments “face irrelevancy.”

Synopsis: In an “Invited Editorial Comment,” in Institutional Investor, Marcos López de Prado takes higher finance education and academic research to task for operating in a vacuum outside the pragmatic world of industry. Holder of a couple of PhDs

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October 25th, 2017 | Category: News | Comments are closed

Will artificial intelligence upend the financial world?

Many now accept that artificial intelligence, robotics and other high-tech developments will upend blue-collar professions such as retail sales, truck driving, package delivery, fast food and more. Some observers now estimate that self-driving vehicles could replace 1.7 million truckers in the next decade. Drivers of delivery vehicles could see their jobs replaced by Amazon drones.

But what about finance, the epitome of white collar employment? Far from being immune, white collar occupations in general, and finance in particular, are arguably even more prone to be substantially affected. Entire categories of highly-paid workers could be rendered obsolete in a matter of

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October 21st, 2017 | Category: Essays | Comments are closed

Poor investor performance: What can be done?

Are workers saving enough?

As we emphasized in a 2014 Mathematical Investor blog, individual investors are not very well equipped, and certainly not very effective, in managing their own investment savings. They chronically fail to save enough, and very often mismanage what they do save.

This is unfortunate, because fewer workers than in the past, particularly in the U.S., are covered by a “defined-benefit” retirement system (pension). Instead, a growing fraction of workers rely on 401(k) systems or the equivalent, where they optionally contribute to an investment fund that they have either partial or full discretion to manage. More than

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October 13th, 2017 | Category: Essays | Comments are closed