Confused by Numerai? I was

Numerai is a digital hedge fund. That sounds almost comprehensible. But things get very weird when you ask how Numerai gets its trading ideas, and how it pays for them. Neither answer is simple and neither is intuitive.

But understanding these answers helps you understand the power of big data and modeling. After watching Numerai founder Richard Craib explain all of this, I understand a lot more.

Check it out via Fred Wilson’s amazing blog, AVC.

Enjoy!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s