Re:Show HN: I built an AI tool to analyze SEC filings the mi...
by instalabs on Tuesday December 03, 2024 @05:16PM
(#42312198)
I'm in the business of selling AI tools to high-frequency traders / hedge funds and the bad news is that, most of them are so risk averse and/or technically illiterate that sometimes we joke that there's big alpha to be had in starting a hedge fund that simply embraces AI.
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Re:Show HN: I built an AI tool to analyze SEC filings the mi...
by Etheryte on Tuesday December 03, 2024 @05:33PM
(#42312350)
I think you might be slightly misunderstanding why you're struggling to sell. In finance, correctness matters. A tool that's mostly right most of the time, but radically incorrect sometimes is a very hard sell when there's battle tested and well understood boring tools out there that do the same thing.
Re:Show HN: I built an AI tool to analyze SEC filings the mi...
by donavanm on Wednesday December 04, 2024 @04:24AM
(#42315849)
Ive heard many variations of this along the lines of pennies and steam rollers. Yes, you have to have positive EV across the strategy. And just about everyone makes money when times are good, or theres volatility that matches your strategy, or your pods null out a bunch of factors.
But to survive long term you have to _not fail_ in a very repeatable and consistent manner. Long term success is risk and downside management.
Re:Show HN: I built an AI tool to analyze SEC filings the mi...
by addicted on Tuesday December 03, 2024 @05:37PM
(#42312380)
> there's big alpha to be had in starting a hedge fund that simply embraces AI.
Maybe hedge funds are completely out of step with the rest of the finance world, but much of finance has been using AI for a long time. AI is old news at this point.
Re:Show HN: I built an AI tool to analyze SEC filings the mi...
by GoldenMonkey on Tuesday December 03, 2024 @05:32PM
(#42312338)
Let's do it :)