Re:Show HN: I built a website to create financial models for...
by asimpletune on Saturday May 18, 2024 @05:42AM
(#40397657)
It’s like asking why are gym memberships and diet advice more marketed than eating less and free body weight exercises you can do anywhere. There is a market for solutions and good news, whereas there isn’t one for bad news, even if it’s free.
Re:Show HN: I built a website to create financial models for...
by amelius on Saturday May 18, 2024 @08:46AM
(#40398569)
In a goldrush, sell shovels.
But the noble thing to do is to stop luring people into these wealth-gap increasing casinos.
Re:Show HN: I built a website to create financial models for...
by davedx on Saturday May 18, 2024 @10:57AM
(#40399547)
Yes but it's not really about the number crunching itself (NN's or something else), but more about modelling the "wider world" ("macro") outside the company that could drive its business. Like if you wanted to project an oil company's cash flows into the future, you'd do a lot of analysis and number crunching on things like IEA projections, known oil reserves, risk scenario analysis and the like.
Do such models even exist? As far as I know NN are only good at function approximation. Why do we think that the market evolves according to a mathematical function? To me, financial markets seem chaotic in nature.