{"id":4166,"date":"2019-12-22T23:24:02","date_gmt":"2019-12-22T15:24:02","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=4166"},"modified":"2019-12-29T22:24:44","modified_gmt":"2019-12-29T14:24:44","slug":"2019%e5%b9%b4%e6%9b%b8%e5%96%ae","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2019\/12\/2019%e5%b9%b4%e6%9b%b8%e5%96%ae\/","title":{"rendered":"2019\u5e74\u66f8\u55ae"},"content":{"rendered":"

2019\u5e74\u66f8\u55ae<\/span><\/strong><\/span><\/h2>\n
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2017\u5e74\u66f8\u55ae<\/a><\/span><\/p>\n
2018\u5e74\u66f8\u55ae<\/span><\/a><\/p>\n
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2019\u5e74\u66f8\u55ae\u4e0d\u90fd\u5168\u662f2019\u5e74\u51fa\u7248\uff0c\u800c\u662f\u7b46\u8005\u65bc2019\u5e74\u624d\u95b1\u8b80\u5b83\u5011\u3002\u66f8\u55ae\u4e2d\u6709\u8ca1\u7d93\u6295\u8cc7\u985e\uff0c\u6709\u793e\u6703\u8b70\u984c\uff0c\u6709\u4eba\u7269\u50b3\u8a18\uff0c\u4ea6\u6709\u6f2b\u756b\u3002<\/span><\/p>\n
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\u4ee5\u4e0a\u5e7e\u672c\u662f\u8ca1\u7d93\u6295\u8cc7\u985e\uff0c\u5167\u5bb9\u6709\u8033\u719f\u80fd\u8a73\u7684\uff0c\u4ea6\u6709\u8d85\u7d1a\u8271\u6df1\u7684\u3002\u5176\u4e2d\u4ee5Marcos Lopez de Prado\u7684Advances in Financial Machine Learning<\/span> \u6700\u96e3\u8b80\u3002 \u524d\u6587<\/a>\u5df2\u7d93\u8aaa\u904eMarcos Lopez de Prado\u662f\u7576\u4ee3\u4eba\u5de5\u667a\u80fd\u6295\u8cc7\u7684\u7d55\u4e16\u9ad8\u624b\u4e4b\u4e00<\/span>\uff0c\u5728Advances in Financial Machine Learning\u4e00\u66f8\u7b2c\u4e00\u6bb5\uff0c\u4f5c\u8005\u5df2\u7d93\u4e0d\u5c51\u65bc\u5439\u6c34\u5514\u62b9\u5634\u7684discretionary \u57fa\u91d1\u7d93\u7406\uff08\u53e6\u898b \u524d\u6587<\/a>\uff09\uff1a<\/span><\/p>\n
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\u6587\u5ba3\u7684\u6297\u722d\u65bc\u5973\u6b0a\u4e8b\u52d9\u6709\u4ee5\u4e0a\u5169\u672c\u66f8\u7c4d\u3002Educated\u7684\u4e3b\u8abf\u662f\u77e5\u8b58\u53ca\u6559\u80b2\u7684\u91cd\u8981\uff0c\u800cInvisible Women\u662f\u7528\u6578\u64da\u53bb\u63a7\u8a34\u5973\u6027\u662f\u5982\u4f55\u53d7\u6f20\u8996\u3002<\/span><\/p>\n
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Invisible Women\u9084\u62ff\u4e86 Financial Times and McKinsey & Company 2019 Business Book of the Year Award<\/a> \u3002<\/span><\/p>\n
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\u8981\u62ff\u734e\uff0c\u6700\u5927\u7684\u83ab\u904e\u65bc\u8afe\u8c9d\u723e\u734e<\/strong>\uff0c2019\u5e74\u8afe\u8c9d\u723e\u7d93\u6fdf\u5b78\u734e\u5f97\u4e3bAbhijit Banerjee \uff0c\u5c31\u6709\u4ee5\u4e0b\u8457\u4f5c\uff1a<\/span><\/p>\n
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\u5c0d\u65bc\u5982\u4f55\u7372\u5f97\u77e5\u8b58\u7684\u65b9\u6cd5\uff0cPoor Economics\u7684\u5be6\u8b49\u65b9\u5f0f\uff0c\u4ee4<\/span>\u7b46\u8005\u7a81\u7136\u60f3\u8d77\u570b\u5b78\u5927\u5e2b\u718a\u5341\u529b\u7684\u4e00\u53e5\u8a71\uff1a\u6b32\u609f\u8af8\u7a76\u7384\u5b78\u8005\uff0c\u4ee4\u77e5\u5be6\u9ad4\u975e\u662f\u96e2\u81ea\u5fc3\u5916\u5728\u5883\u754c\uff0c\u53ca\u975e\u77e5\u8b58\u6240\u884c\u5883\u754c\uff0c\u552f\u662f\u53cd\u6c42\u5be6\u8b49\u76f8\u61c9<\/strong>\u6545\u3002<\/span><\/p>\n
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The man who solved the market \u4e00\u66f8\u8b1bJames Simons\uff0c\u672c\u7ad9\u5df2\u7d93\u6709\u5e7e\u7bc7\u6587\u7ae0\u8b1bJames Simons\u6709\u5e7e\u52c1\uff08 \u898b\u6b64<\/a>\uff09\uff0c\u662f\u8a08\u91cf\u6295\u8cc7\u8005\u7684\u7d93\u5178\u3002<\/span><\/p>\n
\u4f46\u662f\uff0c\u6b64\u66f8\u6c92\u6709\u63ed\u79d8\uff0c\u6c92\u6709\u63ed\u793aRessaniance Technologies\u7684\u6295\u8cc7\u7b56\u7565\uff0c\u53ea\u662f\u8a2a\u554f\u4e00\u4e9bJames Simons\u65c1\u908a\u4eba\uff0c\u52a0\u4e9b\u65b0\u805e\u53cayoutube\u8996\u983b\u5167\u5bb9\uff0c\u7a7f\u947f\u9644\u6703\u4e00\u500b\u95dc\u65bcJames Simons\u6b77\u53f2\u7684\u6545\u4e8b\uff0c\u57fa\u672c\u4e0a\u53ef\u4ee5\u4e0d\u770b\u3002<\/span><\/p>\n
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\u4e0a\u6587<\/a>\u6309\u5e74\u4ee3\u8ad6\u5c07\u6295\u8cc7\u4eba\u5206\u6210\u56db\u985e<\/span>\uff0c\u4e26\u63d0\u51fa\u524d\u8005\u5f80\u5f80\u8f15\u770b\u5f8c\u4f86\u8005\u3002\u4f46\u7576\u4e2d\u90fd\u6709\u5c11\u6578\u524d\u8005\u770b\u597d\u5f8c\u8005\u7684\uff0c\u5118\u7ba1\u9019\u4e9b\u524d\u8005\u56e0\u70ba\u8eab\u4efd\u53ca\u80cc\u666f\u7b49\u9650\u5236\uff0c\u672a\u80fd\u4f7f\u7528\u5f8c\u4f86\u8005\u7684\u6295\u8cc7\u98a8\u683c\uff0c\u4f46\u4ea6\u5f9e\u4e0d\u540c\u6e20\u9053\u5c55\u9732\u51fa\u81ea\u5df1\u7684\u591a\u5143\u6295\u8cc7\u80f8\u895f\u3002<\/span><\/p>\n
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\u5df4\u83f2\u7279\u662f\u7576\u4e2d\u7684\u8868\u8868\u8005\uff0c\u4ed6\u8eab\u70ba\u4e0a\u5716\u7b2c\u4e8c\u4ee3\u667a\u6167\u578b\u9078\u80a1\u6295\u8cc7\u8005<\/span>\u7684\u5178\u7bc4\uff0c\u4ea6\u4e0d\u5fd8\u5411\u5927\u773e\u8868\u793a\u4ed6\u5c0d\u7b2c\u4e09\u4ee3\u6307\u6578\u6295\u8cc7\u8005<\/span>\u7684\u559c\u611b\u3002\u524d\u6587\u63d0\u53ca\u4e86\u5df4\u83f2\u7279\u7684\u4e00\u500b\u8457\u540d10\u5e74\u8ced\u5c40\uff0c\u5c31\u662f\u4ed6\u8207\u7b2c\u4e00\u4e8c\u4ee3\u7684hedge fund manager\u7684\u5c0d\u8ced\uff08 \u898b\u6b64<\/a>\uff09\uff0c\u7d50\u679c\u662f\u672a\u592010\u5e74\uff0c\u5df4\u83f2\u7279\u5df2\u7d93\u7528\u7b2c\u4e09\u4ee3\u7684\u6307\u6578\u57fa\u91d1\u5927\u52dd\u7b2c\u4e00\u4e8c\u4ee3\u7684\u5c0d\u6c96\u57fa\u91d1<\/span>\u3002<\/span><\/p>\n
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\u53e6\u4e00\u4f4d\u524d\u6d6a\u63a8\u8350\u5f8c\u4ee3\u7684\u662fJohn Bogle\uff0c John Bogle\u662f\u7b46\u8005\u6700\u656c\u4f69\u7684\u6295\u8cc7\u754c\u4eba\u58eb\uff08\u898b\u300a\u7a4d\u91d1\u5927\u53cd\u64ca\u300b\u4f5c\u8005\u5e8f\uff09\uff0c \u4ed6\u5c07\u96e2\u5730\u7684\u6295\u8cc7\u754c\u62c9\u56de\u4eba\u9593\uff0c\u5275\u9020\u4e86\u4f4e\u5ec9\u6307\u6578\u5171\u540c\u57fa\u91d1\uff0c\u5f15\u9818\u4e86\u696d\u754c\u7684\u767c\u5c55\u65b9\u5411\u3002\u96d6\u7136John Bogle \u5c0dETF\u4e0d\u662f\u592a\u8a8d\u540c\uff0c\u4f46ETF\u78ba\u5be6\u662f\u5c07John Bogle\u7684\u4f4e\u5ec9\u6307\u6578\u57fa\u91d1\u7684\u7406\u5ff5\u767c\u63da\u5149\u5927\u3002<\/span><\/p>\n
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\u4f5c\u70ba\u7b2c\u4e09\u4ee3\u6307\u6578\u6295\u8cc7\u7684\u4ee3\u8868\uff0cJohn Bogle\u53c8\u5982\u4f55\u770b\u7b2c\u56db\u4ee3\u7684\u6578\u64da\u53ca\u98a8\u96aa\u6295\u8cc7\u8005\u5462\uff1f<\/span><\/p>\n
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\u672c\u7ad9\u4e4b\u524d\u6709\u5f88\u591a\u7bc7\u6587\u7ae0\u8a0e\u8ad6\u4e86AQR\u53ca\u5176\u5275\u8fa6\u4eba Cliff Asness<\/a>\uff0cAQR\u53ef\u4ee5\u7b97\u662f\u696d\u754c\u4e2d\u7684\u5b78\u8853\u6a5f\u69cb\uff0c\u4e00\u9593AQR\u6240\u767c\u8868\u7684\u5b78\u8853\u6587\u7ae0\uff0c\u5176\u6578\u91cf\u53ca\u8cea\u91cf\u6bd4\u5f88\u591a\u8457\u540d\u5927\u5b78\u7684\u7d93\u6fdf\u5b78\u7cfb\u90fd\u8981\u591a\uff0c\u9999\u6e2f\u7684\u4e00\u773e\u5927\u5b78\u7684\u7d93\u6fdf\u5b78\u7cfb\u90fd\u5187\u5f97\u6bd4\u3002<\/span><\/p>\n
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\u300a20 for Twenty\u300b<\/strong><\/a>\u9019\u672c\u66f8\u85c9\u662fAQR\u6210\u7acb20\u5e74\u5167\u7684\u7814\u7a76\u6587\u7ae0\u7684\u96c6\u6210\uff0c\u5ba3\u793a\u4e86AQR\u7684\u7814\u7a76\u7cbe\u83ef\u3002Cliff Asness \u5e2b\u627f\u829d\u52a0\u54e5\u5927\u5b78\u7d93\u6fdf\u7cfb\u7684\u8afe\u8c9d\u723e\u734e\u5f97\u4e3bEugene Fama<\/a>\uff0c\u4f46\u9019\u672c\u66f8\u7684\u524d\u8a00\u4e0d\u662f\u7531Eugene Fama\u9019\u4f4d\u7b2c\u56db\u4ee3\u6295\u8cc7\u8005<\/span>\u7684\u555f\u8499\u8001\u5e2b\u6240\u5beb\uff0c\u53cd\u800c\u627e\u4e86\u4e00\u4f4d\u7b2c\u4e09\u4ee3\u7684\u6295\u8cc7\u4eba\u5beb\u524d\u8a00\u3002<\/span><\/p>\n
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\u9019\u4eba\u662f\u8ab0\uff1f\u5c31\u662fJohn Bogle<\/strong><\/span>\uff0c\u5927\u5bb6\u770b\u770bJohn Bogle\u4ed6\u8207Cliff Asness\u7684\u95dc\u4fc2\uff1a<\/span><\/p>\n
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\u5f88\u611f\u6027\u7684\u6587\u7ae0\uff0c\u4ea6\u770b\u51faJohn Bogle\u5c0d\u4e0d\u540c\u6295\u8cc7\u7b56\u7565\u7684\u4e86\u89e3\u3002\u6b64\u66f8\u7684\u51fa\u7248\u65e5\u671f\u662f2018\u5e7412\u6708\uff0c\u800c1\u500b\u6708\u4e4b\u5f8c\uff0c\u53732019\u5e741\u6708\uff0cJohn Bogle\u4fbf\u8207\u4e16\u9577\u8fad\uff0c\u6b64\u66f8\u7684\u524d\u8a00\u53ef\u4ee5\u8aaa\u662fJohn Bogle\u7684\u665a\u671f\u6587\u7ae0\u3002<\/span><\/p>\n
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“both of us share a passion for the pursuit of the truth; a willingness to speak truth to power, even if what we say is unpopular; and a focus on the integrity of the data (Asness the algorithmic <\/span>quant, Bogle the arithmetic quant).<\/span><\/strong><\/span><\/p>\n
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“\u6211\u5011\u90fd\u5c0d\u8ffd\u6c42\u771f\u7406\u6709\u7a2e\u71b1\u5ff1\uff0c\u4e26\u4e14\u9858\u610f\u5c0d\u5a01\u6b0a\u58d3\u8feb\u8aaa\u51fa\u771f\u7406\uff0c\u5373\u4f7f\u6211\u5011\u8aaa\u7684\u662f\u4e0d\u53d7\u6b61\u8fce\uff1b\u800c\u4e14\u6211\u5011\u90fd\u5c08\u6ce8\u65bc\u6578\u64da\u7684\u6574\u5408\u3002<\/span><\/strong><\/span><\/p>\n
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\u6b64\u66f8<\/a>\u6709John Bogle\u7684\u524d\u8a00\uff0c\u53c8\u662f\u5168\u7403\u5341\u5927\u5c0d\u6c96\u57fa\u91d1AQR\u7684\u7814\u7a76\u5927\u6210\uff0c\u66f4\u91cd\u8981\u7684\u662f\u4e0d\u7528\u9322\uff0c\u5927\u5bb6\u53ef\u4ee5\u65bc\u6b64AQR\u7db2\u7ad9 \u4e0b\u8f09<\/a>\uff0c\u662f\u5426\u503c\u5f97\u5927\u5bb6\u7684\u82b1\u4e00\u9ede\u6642\u9593\u770b\u4e00\u770b\uff1f\u7e3d\u597d\u904e\u82b1<\/span>\u5e7e\u5343\u5e7e\u842c\u5143\u4e0a\u90a3\u4e9b\u5783\u573e\u6295\u8cc7\u8ab2\u7a0b\u3002\u90a3\u4e9b\u6295\u8cc7\u8ab2\u7a0b\u5167\u7684\u5c08\u5bb6\u9ad8\u4eba\uff0c\u4e0d\u77e5\u6709\u5e7e\u591a\u4f4d\u770b\u904e\u4e26\u4e14\u770b\u5f97\u660e\u9019\u672c\u66f8\u5462\uff1f<\/span><\/p>\n
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\u672c\u5e74\u66f8\u55ae\u7684\u6700\u5f8c\u4e00\u672c\u66f8\uff0c\u662f\u4e00\u672c\u820a\u66f8\uff0c\u662f\u7b46\u8005\u5f88\u591a\u5e74\u524d\u770b\u904e\u7684\u4e00\u672c\u6f2b\u756b<\/span>\uff0c\u7b46\u8005\u672c\u4f86\u5df2\u7d93\u5fd8\u6389\u4e86\uff0c\u4f46\u8fd1\u671f\u7684\u4e00\u4ef6\u4e8b\u4ef6\uff0c\u4ee4\u9019\u672c\u66f8\u7576\u4e2d\u4e00\u5e55\u7a81\u7136\u9593\u65bc\u7b46\u8005\u7684\u8166\u4e2d\u91cd\u73fe\uff1a<\/span><\/p>\n
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\u72ac\u72fc\u50b3\u8aaa<\/span><\/strong><\/span><\/p>\n
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<\/iframe><\/div>\n <\/p>\n <\/p>\n <\/p>\n\u5f8c\u8a18\uff1a<\/span><\/strong><\/p>\n <\/p>\n\u7747\u66f8\u6709\u6642\u90fd\u5514\u77e5\u66f8\u672c\u5167\u5bb9\u5c0d\u81ea\u5df1\u7684\u5f71\u97ff\uff0c<\/span>\u5eff\u5e74\u524d\u7747\u904e\u5605\u6f2b\u756b<a href=\"https:\/\/tw.manhuagui.com\/comic\/2662\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u300a\u72ac\u72fc\u50b3\u8aaa\u300b<\/a>\uff0c\u4f9d\u5bb6\u7747\u8fd4\uff0c\u662f\u54c0\u621a\u60b2\u615f\u6101\u7684\u4e94\u5473\u96dc\u9673\uff0c\u5225\u662f\u4e00\u822c\u6ecb\u5473\u5728\u5fc3\u982d<\/em>\u3002<\/span><\/p>\n\u50cfJohn Bogle \u5e73\u6de1\u7684\u4e00\u53e5\uff1a\u300c a willingness to speak truth to power<\/strong>\u300d\uff0c\u7576\u4e2d\u4e0d\u77e5\u5305\u542b\u4e86\u591a\u5c11\u7d93\u6b77\uff0c\u624d\u80fd\u5920\u62ff\u51fa\u4f86\u8207\u5f8c\u4e16\u5a13\u5a13\u9053\u4f86\u3002<\/span><\/p>\n<a href=\"https:\/\/www.mpfdiy.com\/2019\/12\/hks-existential-crisis-%e9%a6%99%e6%b8%af%e7%9a%84%e5%ad%98%e5%9c%a8%e5%8d%b1%e6%a9%9f\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e0b\u6587\u7e8c<\/a>\u3002<\/span><\/p>\n <\/p>\n <\/p>\n<a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2019\/12\/FB_IMG_1546856382756.jpg?ssl=1\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4179 alignnone\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2019\/12\/FB_IMG_1546856382756.jpg?resize=500%2C490&ssl=1\" alt=\" \" width=\"500\" height=\"490\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2019\/12\/FB_IMG_1546856382756.jpg?w=500&ssl=1 500w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2019\/12\/FB_IMG_1546856382756.jpg?resize=300%2C294&ssl=1 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"2019\u5e74\u66f8\u55ae   \u63a5\u524d\u6587\uff1a \u5341\u4e8c\u9053\u66f8\u5473 2017\u5e74\u66f8\u55ae 2018\u5e74\u66f8\u55ae   2019\u5e74\u66f8…<\/p>\n","protected":false},"author":1,"featured_media":4179,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[30,40,20,49],"class_list":["post-4166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1","tag-sharpe-ratio","tag-40","tag-20","tag-49"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2019\/12\/FB_IMG_1546856382756.jpg?fit=500%2C490&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-15c","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/4166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/comments?post=4166"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/4166\/revisions"}],"predecessor-version":[{"id":4265,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/4166\/revisions\/4265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/4179"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=4166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=4166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=4166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}