Advances in Financial Machine Learning

Introduction

Two of the most talked-about topics in modern finance are machine learning and quantitative finance. Both of these are addressed in a new book, written by noted financial scholar Marcos Lopez de Prado, entitled Advances in Financial Machine Learning.

In this book, Lopez de Prado strikes a well-aimed karate chop at the naive and often statistically overfit techniques that are so prevalent in the financial world today. But Lopez de Prado does more than just expose the mathematical and statistical sins of the field. Instead, he presents a technically sound roadmap for those who want to do state-of-the-art

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