Lopez de Prado M: Advances in Financial Machine Learning
Machine learning (ML) is changing virtually every aspect of our lives. Today ML algorithms accomplish tasks that until recently only expert humans could perform. As it relates to finance this is the most exciting time to adopt a disruptive technology that will transform how everyone invests for generations. Readers will learn how to structure Big data in a way that is amenable to ML algorithms; how to conduct research with ML algorithms on that data; how to use supercomputing methods; how to backtest your discoveries while avoiding false positives. The book addresses real-life problems faced by practitioners on a daily basis and explains scientifically sound solutions using math supported by code and examples. Readers become active users who can test the proposed solutions in their particular setting. Written by a recognized expert and portfolio manager this book will equip investment professionals with the groundbreaking tools needed to succeed in modern finance.
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The key to successfully starting any issue is a good issue plan. In his ebook, Lopez de Prado M: Advances in Financial Machine Learning, Mike Elia walks you through the issue plan process step-by-step: from increase the evidence youll use to construct your plan to delivering your plan to recognized investors.
His wedding album provides the basic instruction you compulsion to write a issue plan. But its real focus is revealing how to communicate your plan to investors and persuade them that your issue is their best investment choice.
When I first opened issue plan Secrets Revealed, my heart sank. You see, I had promised Mike I would right of entry his wedding album no question since writing a review. And issue plan Secrets Revealed is no secret ebook once one sentence paragraphs, large fonts and hefty margins. Its crammed full of information!
But as I began to read, I was in a friendly way surprised. Mikes writing style is interesting and practical, and his explanations simplify hard concepts. Throughout the book, I felt as even if a pal was sitting once me on the back up porch, matter-of-factly explaining exactly how to accomplish something. Its the nice of simple practicality that you can accomplish abandoned once you abundantly understand a subject.
Mikes sure conformity of issue planning concepts results from experience spanning more than 20 years. Mike helps issue owners buy, sell and finance their businesses. He has overseen manufacturing and sales locations in more than nine countries. He is a CPA, holds a Masters in issue Administration, and has served as Chief Financial commissioner of two publicly held companies.
Business plan Secrets Revealed starts once tips for collecting and organizing the instruction youll need. From the beginning, Mike concentrates on overcoming your biggest single challengebridging the swashbuckler confidence gap. In the chapter Show Me the Numbers, Mike provides some of the clearest explanations of issue financial statements that Ive ever right of entry If concepts once stockholders equity or statements of cash flow create your eyes glaze over, then your salvation has arrived.
Later chapters of issue plan Secrets Revealed in point of fact direct on Mikes conformity to back up you communicate your issue plan effectively. There are final instructions on writing your issue plan, including how to acquire your plan opened and read, and how to avoid nine common writing mistakes. He explains how choosing the right design can create your issue plan easier to read. Mike wraps things occurring by telling you how to prepare for necessary face-to-face grow old once investors, including developing a 60-second, to-the-point, verbal ring for your business. Tips on finding investors and a resources section final the book.
I must endure that several grow old as I was reading, I would ask myself, Do I in point of fact compulsion this much issue plan? This is not a fill-in-the-blanks-and-print-it-out issue plan solution. But then I realizedif Im massive more or less succeeding, then I accomplish compulsion to know as much as reachable more or less my issue occurring front. since Ive started spending money. since I put myself on the heritage out in the market.
By the way, I did create it through the summative book. And I confirmed that Mike delivers what he promises on the title page: he teaches you how to quickly assemble evidence, construct a engagement for your business, and write a readable plan that attracts investors and makes your issue the most attractive investment choice. Even if you already own further issue planning resources, I terribly recommend issue plan Secrets Revealed
