Donald MacKenzie's guest appearances

Donald MacKenzie

Michael Covel's Trend Following

The Wandering Bard

WTFinance

Hugh Hendry

Russell Napier

Tyler Cowen

Annie Duke

Michael Mauboussin

Steven Pinker

Mark Manson

Jim Rickards

Chris Ryan

Chris Ducker

Rich Karlgaard

Cal Newport

Vanessa Van Edwards

Nir Eyal

Sam Polk

OwlTail

We are very privileged to welcome Donald MacKenzie onto the podcast this week to talk about his new book "Trading at the Speed of Light: How Ultrafast Algorithms are Transforming Financial Markets" releasing on the 25th of May. In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms.Donald is a Professor of Sociology at the University of Edinburgh specialising in the study of Science and Technology. Donald's research aims to throw new light on the role Science and Technology has in shaping the modern world. He has worked on topics such as how financial-market participants use mathematical models, how nuclear weapons systems are designed, and how those involved try to produce high-confidence knowledge of the safety and security of computer systems.  If you would like to purchase I have put some links below - https://press.princeton.edu/books/hardcover/9780691211381/trading-at-the-speed-of-lighthttps://www.amazon.co.uk/dp/B08NY31P1Z/https://uk.bookshop.org/books/trading-at-the-speed-of-light-how-ultrafast-algorithms-are-transforming-financial-markets/9780691211381WTFinanceInstagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/Bitclout - https://bitclout.com/u/WTFinance

We are very privileged to welcome Donald MacKenzie onto the podcast this week to talk about his new book "Trading at the Speed of Light: How Ultrafast Algorithms are Transforming Financial Markets" releasing on the 25th of May. In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. Donald is a Professor of Sociology at the University of Edinburgh specialising in the study of Science and Technology. Donald's research aims to throw new light on the role Science and Technology has in shaping the modern world. He has worked on topics such as how financial-market participants use mathematical models, how nuclear weapons systems are designed, and how those involved try to produce high-confidence knowledge of the safety and security of computer systems.  If you would like to purchase I have put some links below -  <a href="https://press.princeton.edu/books/hardcover/9780691211381/trading-at-the-speed-of-light" rel="nofollow" target="_blank">https://press.princeton.edu/books/hardcover/9780691211381/trading-at-the-speed-of-light</a> <a href="https://www.amazon.co.uk/dp/B08NY31P1Z/" rel="nofollow" target="_blank">https://www.amazon.co.uk/dp/B08NY31P1Z/</a> <a href="https://uk.bookshop.org/books/trading-at-the-speed-of-light-how-ultrafast-algorithms-are-transforming-financial-markets/9780691211381" rel="nofollow" target="_blank">https://uk.bookshop.org/books/trading-at-the-speed-of-light-how-ultrafast-algorithms-are-transforming-financial-markets/9780691211381</a> WTFinance Instagram - <a href="https://www.instagram.com/wtfinancee/" rel="nofollow" target="_blank">https://www.instagram.com/wtfinancee/</a> Spotify - <a href="https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn" rel="nofollow" target="_blank">https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn</a> TikTok - <a href="https://vm.tiktok.com/ZMeUjj9xV/" rel="nofollow" target="_blank">https://vm.tiktok.com/ZMeUjj9xV/</a> Bitclout - <a href="https://bitclout.com/u/WTFinance" rel="nofollow" target="_blank">https://bitclout.com/u/WTFinance</a>

Trading at the Speed of Light - How Speed has Transformed Financial Markets with Donald MacKenzie

We change tone from last week to look at this fun tune named after a British Royal Air Force pilot. Written by Phil Cunningham, this is a tune guaranteed to get your toes tapping, replete with an clever side joke from the composer to the tunes subject.

Episode 8: Tune - Wing Commander Donald Mackenzie

Michael Covel

My guest today is Donald MacKenzie, a Professor of Sociology at the University of Edinburgh, Scotland. He works on the sociology of markets, focusing on automated trading, the use of mathematical models, and the evaluation and trading of bonds. MacKenzie has worked in the past on topics ranging from the sociology of nuclear weapons to the meaning of proof in the context of computer systems critical to safety or security. The topic is his book An Engine, Not A Camera: How Financial Models Shape Markets. In this episode of Trend Following Radio we discuss:  Economic models Self-fulfilling prophecies and economics Our beliefs and the social world The definition of performativity Mackenzie’s analysis and study of the Black-Scholes model Long Term Capital Management Reflexivity The intellectual gap between purveyors of the efficient market hypothesis vs. behavioral economists as reflected in the 2014 Nobel Prize winners The arms race in high frequency trading.  Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Donald MacKenzie, a Professor of Sociology at the University of Edinburgh, Scotland. He works on the sociology of markets, focusing on automated trading, the use of mathematical models, and the evaluation and trading of bonds. MacKenzie has worked in the past on topics ranging from the sociology of nuclear weapons to the meaning of proof in the context of computer systems critical to safety or security. The topic is his book An Engine, Not A Camera: How Financial Models Shape Markets. In this episode of Trend Following Radio we discuss: <ul> <li>Economic models</li> <li>Self-fulfilling prophecies and economics</li> <li>Our beliefs and the social world</li> <li>The definition of performativity</li> <li>Mackenzie’s analysis and study of the Black-Scholes model</li> <li>Long Term Capital Management</li> <li>Reflexivity</li> <li>The intellectual gap between purveyors of the efficient market hypothesis vs. behavioral economists as reflected in the 2014 Nobel Prize winners</li> <li>The arms race in high frequency trading.</li> </ul> Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: <a href="https://www.trendfollowing.com/trend/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/trend/</a> You can watch a free video here: <a href="https://www.trendfollowing.com/video/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/video/</a> Can’t get enough of this episode? You can choose from my thousand plus episodes here: <a href="https://www.trendfollowing.com/podcast" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/podcast</a> My social media platforms: Twitter: <a href="https://twitter.com/covel" rel="noopener nofollow" target="_blank">@covel</a> Facebook: <a href="https://www.facebook.com/trendfollowing/" rel="noopener nofollow" target="_blank">@trendfollowing</a> LinkedIn: <a href="https://linkedin.com/in/covel/" rel="noopener nofollow" target="_blank">@covel</a> Instagram: <a href="https://www.instagram.com/mikecovel/" rel="noopener nofollow" target="_blank">@mikecovel</a> Hope you enjoy my never-ending podcast conversation!

Ep. 349: Donald MacKenzie Interview with Michael Covel on Trend Following Radio