Ian Dunning
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that gives you some confidence.
But it might be illusory because it's a very, very complex object.
And if you're only taking slices through it to understand aspects of it, we had this emergent phenomenon we saw where it felt like the model kind of understood meme stocks from first principles.
Like quantum stocks and crypto stocks being kind of adjacent in stock space.
And of course, from a fundamentals perspective, this has no meaning to it.
But we looked at the model in a certain lens and it clearly felt like they knew they were connected.
There were some other actual companies that I probably won't name because it feels like it's bad form.
But, you know, WallStreetBets favorites, I guess.
And they were near the cluster too.
And this was just one little window.
But there were other slices we tried to take, which just didn't make sense to us.
But again, it's like, who am I to say?
Who are you to override the model?
Who am I to say?
They're there.
One thing for us, though, is that when we do have this magical model, it is in a lot of safety around it.
Because we're doing this higher frequency trading.
We're trading positions back and forth.
There's a lot of risk checks that are fully automated and things.
I don't know how you generalize this logic to long-term discretionary trading, where the idea of risk checking and that kind of layer of defense around it, it's not so obvious to me how you apply that.