Exploring Robo Advisors with Python Experts: Rob Reider & Alex Michalka
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Join Miko Pawlikowski on this episode of HockeyStick as he dives into the world of robo advisors with industry heavyweights Rob Reider and Alex Michalka, authors of "Build a Robo Advisor with Python from Scratch". Discover their fascinating career paths from hedge funds to robo advising, the intricacies of Python programming for finance, and the evolution of financial planning and optimization techniques. Gain insights into asset allocation, tax-loss harvesting, Monte Carlo simulations, reinforcement learning, and the future of robo advising. An essential watch for anyone interested in the intersection of finance and technology!
0:00 Introduction to Robo Advisors
0:50 Rob Reider's Career Journey
01:40 Quantopian and the Love for Python
04:19 The Birth of a Book Collaboration
05:11 Alex's Journey and Weather Derivatives
08:08 Understanding Hedge Funds vs. Robo Advisors
11:13 The Rise of Robo Advisors
17:30 Tax Efficiency and Asset Allocation
24:51 Target Audience and Book Insights
28:21 Monte Carlo Simulations Explained
31:15 Monte Carlo Simulations Explained
32:01 Applications of Monte Carlo Simulations
33:34 Introduction to AI and Reinforcement Learning
35:25 Reinforcement Learning in Finance
39:38 The Power of Python in Finance
42:23 Challenges in Measuring Returns
1:01:35 Conclusion and Final Thoughts
Robo Advisors - Rob Reider & Alex Michalka - HS#14