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David Orrell

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Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of price impacts, David’s new book: ‘Money, Magic, and How to Dismantle a Financial Bomb’, the magical properties of money, how sentiment drives price although it is so unpredictable in nature, the similarities between weather forecasting and economics, the sustainability of money creation by central banks, and some thoughts on cognitive interference.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn this episode, we discuss:How quantum physics relates to financial marketsThe mechanics behind price impactsDavid’s new book, coming out soonThe magical characteristics of moneyThe power and unpredictability of sentimentWeather and how it relates to financial marketsCentral bank money creation and how effective it can beCognitive interferenceFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating &amp; Review on iTunes or Spotify so more people can discover the podcast.Follow Hari on Twitter.Follow David on Twitter.-----Episode TimeStamps: 00:00 - Intro02:54 - Can you give us some conclusions from the research you’ve done on weather forecasting?04:33 - Is the notion of the economic system as being something that’s mechanistic and can be controlled flawed, and if so, how?07:12 - Do you look at different economic models and aggregate the data?12:46 - Is there a way to limit the momentum effects of passive investing on the markets?17:41 - Can you explain how quantum physics relates to financial markets?23:15 - Can you give a couple of examples of cognitive interference?28:00 - Regarding the biggest stocks in the S&amp;P 500, is it true that if one stock is 10 times bigger than another stock, and it gets 10 times the dollar allocation, that the price impacts will be the same?42:28 - Can you talk about your new book, and what the title means?45:24 -Does Modern Monetary Theory relate to the quantum physics analogy of something being created from nothing?52:30 - Do you believe that money creation by central banks is unsustainable?57:28 - Would you say that your work implies that minor tweaks to the framework are inadequate when it comes to the economy and investing?Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of price impacts, David’s new book: ‘Money, Magic, and How to Dismantle a Financial Bomb’, the magical properties of money, how sentiment drives price although it is so unpredictable in nature, the similarities between weather forecasting and economics, the sustainability of money creation by central banks, and some thoughts on cognitive interference.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; Better Performing Portfolio using this <a href="https://dunncapital.com/TTU-PBT-ShowNotes" rel="noopener noreferrer nofollow" target="_blank">FREE NEW Portfolio Builder Tool</a>In this episode, we discuss:<ul><li>How quantum physics relates to financial markets</li><li>The mechanics behind price impacts</li><li>David’s new book, coming out soon</li><li>The magical characteristics of money</li><li>The power and unpredictability of sentiment</li><li>Weather and how it relates to financial markets</li><li>Central bank money creation and how effective it can be</li><li>Cognitive interference</li></ul>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">YouTube</a> or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer nofollow" target="_blank">TTU website</a>.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written <a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer nofollow" target="_blank">here</a>.And you can get a free copy of my latest book “The Many Flavors of Trend Following” <a href="https://www.toptradersunplugged.com/flavor" rel="noopener noreferrer nofollow" target="_blank">here</a>.Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">here</a>.Send your questions to <a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer">info@toptradersunplugged.com</a>And please share this episode with a like-minded friend and leave an honest Rating &amp; Review on <a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer nofollow" target="_blank">iTunes</a> or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer nofollow" target="_blank">Spotify</a> so more people can discover the podcast.Follow Hari on <a href="https://twitter.com/HariPKrishnan2" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>.Follow David on <a href="https://twitter.com/d_orrell" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>.----- Episode TimeStamps: 00:00 - Intro02:54 - Can you give us some conclusions from the research you’ve done on weather forecasting?04:33 - Is the notion of the economic system as being something that’s mechanistic and can be controlled flawed, and if so, how?07:12 - Do you look at different economic models and aggregate the data?12:46 - Is there a way to limit the momentum effects of passive investing on the markets?17:41 - Can you explain how quantum physics relates to financial markets?23:15 - Can you give a couple of examples of cognitive interference?28:00 - Regarding the biggest stocks in the S&amp;P 500, is it true that if one stock is 10 times bigger than another stock, and it gets 10 times the dollar allocation, that the price impacts will be the same?42:28 - Can you talk about your new book, and what the title means?45:24 -Does Modern Monetary Theory relate to the quantum physics analogy of something being created from nothing?52:30 - Do you believe that money creation by central banks is unsustainable?57:28 - Would you say that your work implies that minor tweaks to the framework are inadequate when it comes to the economy and investing?Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. <a href="https://www.toptradersunplugged.com/resources/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a><a href="https://www.toptradersunplugged.com/legal/privacy-policy/" rel="noopener noreferrer nofollow" target="_blank">Privacy Policy</a><a href="https://www.toptradersunplugged.com/disclaimer/" rel="noopener noreferrer nofollow" target="_blank">Disclaimer</a>

VOL09: The Magical Properties of Money ft. David Orrell

Nach ein paar politischen Episoden, erweitern wir das Themenspektrum diesmal ein wenig und begeben uns an die Schnittstelle zwischen Wirtschafts- und Naturwissenschaften. Unser Gast Holger stellt uns das Buch Quantum Economics von David Orell vor.Darin formuliert der Autor die These, dass die moderne Ökonomie noch immer mit den mathematischen Methoden des 19. Jahrhunderts arbeitet. Gerade mit der Quantenmechanik haben sich aber komplexe mathematische Modelle entwickelt, die auch ökonomische Zusammenhänge wesentlich angemessener abbilden können.Mehr LiteraturZZD 005: Skandalexperten – Expertenskandale von Caspar HirschiZZD 008: Objektivität von Lorraine Daston und Peter GalisonZZD 014: The Economists‘ Hour von Binyamin AppelbaumZZD 025: Narrative Wirtschaft von Robert J. ShillerChang, Ja-Joon: 23 Things they don’t tell you About Capitalism, Economics a User‘s GuideCohen, Jack &amp; Ian Stewart: The Collapse of ChaosGraeber, David: Schulden – Die ersten 500 JahreGribbin, John: Auf der Suche nach Schrödingers KatzeKumar, Manjit: Quanten – Einstein, Bohr und die große Debatte über das Wesen der WirklichkeitOrrell, David: EconomythsOrrell, David: Quantum Economics and Finance: An applied mathematics introductionPratchett, Terry: Schöne Scheine (Making Money)Rovelli, Carlo: HelgolandSchirmmacher, Frank: EgoTaleb, Nassim Nicolas: Fooled by RandomnessShownotesYoutube-Kanal von David OrellQuantenverschränkung (Wikipedia)Heisenbergsche Unschärferelation (Wikipedia)Quanteninterferenz (spektrum.de)Schrödingers Katze (Wikipedia)Quantenmechanische Messung (Wikipedia)Quellen und soIntro und Outro der Episode stammen aus dem Stück Maxixe von Agustin Barrios Mangore, eingespielt von Edson Lopes (CC-BY).Das Umblättern zwischen den Teilen des Podcasts kommt hingegen von hoerspielbox.de.Zwischen zwei Deckeln findest du auch im sozialen Medium deiner Wahl: Twitter, Mastodon, Instagram und Facebook.Intro und Outro der Episode stammen aus dem Stück Maxixe von Agustin Barrios Mangore, eingespielt von Edson Lopes (CC-BY).Das Umblättern zwischen den Teilen des Podcasts kommt hingegen von hoerspielbox.de.Zwischen zwei Deckeln findest du auch im sozialen Medium deiner Wahl: Twitter, Mastodon, Instagram und Facebook.Der Beitrag 031 – QUANTUM ECONOMICS von David Orrell erschien zuerst auf Zwischen zwei Deckeln.

Nach ein paar politischen Episoden, erweitern wir das Themenspektrum diesmal ein wenig und begeben uns an die Schnittstelle zwischen Wirtschafts- und Naturwissenschaften. Unser Gast Holger stellt uns das Buch Quantum Economics von David Orell vor.Darin formuliert der Autor die These, dass die moderne Ökonomie noch immer mit den mathematischen Methoden des 19. Jahrhunderts arbeitet. Gerade mit der Quantenmechanik haben sich aber komplexe mathematische Modelle entwickelt, die auch ökonomische Zusammenhänge wesentlich angemessener abbilden können.<h2>Mehr Literatur</h2><ul><li><a href="https://zwischenzweideckeln.de/skandalexperten-expertenskandale-caspar-hirschi/" rel="nofollow" target="_blank">ZZD 005: Skandalexperten – Expertenskandale von Caspar Hirschi</a></li><li><a href="https://zwischenzweideckeln.de/objektivitaet-lorraine-daston-peter-galison/" rel="nofollow" target="_blank">ZZD 008: Objektivität von Lorraine Daston und Peter Galison</a></li><li><a href="https://zwischenzweideckeln.de/014" rel="nofollow" target="_blank">ZZD 014: The Economists‘ Hour von Binyamin Appelbaum</a></li><li><a href="https://zwischenzweideckeln.de/025-narrative-wirtschaft-robert-j-shiller/" rel="nofollow" target="_blank">ZZD 025: Narrative Wirtschaft von Robert J. Shiller</a></li><li>Chang, Ja-Joon: 23 Things they don’t tell you About Capitalism, Economics a User‘s Guide</li><li>Cohen, Jack &amp; Ian Stewart: The Collapse of Chaos</li><li>Graeber, David: Schulden – Die ersten 500 Jahre</li><li>Gribbin, John: Auf der Suche nach Schrödingers Katze</li><li>Kumar, Manjit: Quanten – Einstein, Bohr und die große Debatte über das Wesen der Wirklichkeit</li><li>Orrell, David: Economyths</li><li>Orrell, David: Quantum Economics and Finance: An applied mathematics introduction</li><li>Pratchett, Terry: Schöne Scheine (Making Money)</li><li>Rovelli, Carlo: Helgoland</li><li>Schirmmacher, Frank: Ego</li><li>Taleb, Nassim Nicolas: Fooled by Randomness</li></ul><h2>Shownotes</h2><ul><li><a href="https://www.youtube.com/c/QuantumEconomicsandFinance" rel="nofollow" target="_blank">Youtube-Kanal von David Orell</a></li><li><a href="https://de.m.wikipedia.org/wiki/Quantenverschr%C3%A4nkung" rel="noreferrer noopener nofollow" target="_blank">Quantenverschränkung (Wikipedia)</a></li><li><a href="https://de.wikipedia.org/wiki/Heisenbergsche_Unsch%C3%A4rferelation" rel="noreferrer noopener nofollow" target="_blank">Heisenbergsche Unschärferelation (Wikipedia)</a></li><li><a href="https://www.spektrum.de/lexikon/physik/quanteninterferenz/11863" rel="noreferrer noopener nofollow" target="_blank">Quanteninterferenz (spektrum.de)</a></li><li><a href="https://de.wikipedia.org/wiki/Schr%C3%B6dingers_Katze" rel="noreferrer noopener nofollow" target="_blank">Schrödingers Katze (Wikipedia)</a></li><li><a href="https://de.wikipedia.org/wiki/Quantenmechanische_Messung" rel="noreferrer noopener nofollow" target="_blank">Quantenmechanische Messung (Wikipedia)</a></li></ul><h2>Quellen und so</h2>Intro und Outro der Episode stammen aus dem Stück <a href="https://musopen.org/music/13036-maxixe/" rel="nofollow" target="_blank">Maxixe</a> von Agustin Barrios Mangore, eingespielt von Edson Lopes (<a href="https://creativecommons.org/licenses/by/3.0/" rel="nofollow" target="_blank">CC-BY</a>).Das Umblättern zwischen den Teilen des Podcasts kommt hingegen von <a href="http://hoerspielbox.de" rel="nofollow" target="_blank">hoerspielbox.de</a>.Zwischen zwei Deckeln findest du auch im sozialen Medium deiner Wahl: <a href="https://twitter.com/deckeln" rel="nofollow" target="_blank">Twitter</a>, <a href="https://social.tchncs.de/@zzd@podcasts.social" rel="nofollow" target="_blank">Mastodon</a>, <a href="https://www.instagram.com/deckeln/?hl=de" rel="nofollow" target="_blank">Instagram</a> und <a href="https://www.facebook.com/deckeln" rel="nofollow" target="_blank">Facebook</a>.Intro und Outro der Episode stammen aus dem Stück <a href="https://musopen.org/music/13036-maxixe/" rel="nofollow" target="_blank">Maxixe</a> von Agustin Barrios Mangore, eingespielt von Edson Lopes (<a href="https://creativecommons.org/licenses/by/3.0/" rel="nofollow" target="_blank">CC-BY</a>).Das Umblättern zwischen den Teilen des Podcasts kommt hingegen von <a href="http://hoerspielbox.de" rel="nofollow" target="_blank">hoerspielbox.de</a>.Zwischen zwei Deckeln findest du auch im sozialen Medium deiner Wahl: <a href="https://twitter.com/deckeln" rel="nofollow" target="_blank">Twitter</a>, <a href="https://social.tchncs.de/@zzd@podcasts.social" rel="nofollow" target="_blank">Mastodon</a>, <a href="https://www.instagram.com/deckeln/?hl=de" rel="nofollow" target="_blank">Instagram</a> und <a href="https://www.facebook.com/deckeln" rel="nofollow" target="_blank">Facebook</a>.Der Beitrag <a href="https://zwischenzweideckeln.de/031-quantum-economics-david-orrell/" rel="nofollow" target="_blank">031 – QUANTUM ECONOMICS von David Orrell</a> erschien zuerst auf <a href="https://zwischenzweideckeln.de" rel="nofollow" target="_blank">Zwischen zwei Deckeln</a>.

031 - QUANTUM ECONOMICS von David Orrell

In this episode of Informed Choice Radio, I speak to David Orrell, author of The Money Formula. Listen to this episode to learn how the global economy relies on quantitative finance, whether financial instruments like derivatives and credit default swaps can be a positive force in the world or just a way for bankers to make huge amounts of money, how money created out of thin air becomes real obligations which need to be repaid, and whether we've now got a better understand of quantitative finance and how it can be used safely. David is one seriously clever chap. He studied mathematics at the University of Alberta in Canada before working on the design of particle accelerator projects in the US, UK, France, and Canada He then returned to studying mathematics, this time at Oxford University. His doctoral thesis explored the predictability of nonlinear systems, with applications to weather forecasting. His new book, co-authored with Paul Wilmott, is The Money Formula. This is a book which goes inside the engine room of the global economy to explore the little understood world of quantitative finance. Orrell and Wilmott show how the future of our economy rests on the backs of this all-but-impenetrable industry. Written not from a post-crisis perspective - but from a preventative point of view - the book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. If you've read The Big Short or watched the movie, you'll enjoy this conversation. One of my favourite authors, Nassim Nicholas Taleb, said of The Money Formula, “This book has humor, attitude, clarity, science and common sense; it pulls no punches and takes no prisoners.”  Welcome to The Money Formula with David Orrell, in episode 201 of Informed Choice Radio. Some questions I ask: -Could you start by defining quantitative finance, or quant? -At what point did quant become a dominant form of global finance and also take control of the financial system? -Has quant played a big role in every recent financial crash? -Are financial instruments a positive force in the world, or do you think that they're just a way for bankers to make money? -Do you think we've now got a better understanding of some of the risks involved and how it can be used more safely in the future? -If we put you in charge for the day, what steps would you want to take in order to prevent another global financial crisis? -Why are economists and traditional economic models having such a hard time of it lately?   Thank you for listening! To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on  Apple Podcasts or  Stitcher Your  reviews on Apple Podcasts are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode.

In this episode of Informed Choice Radio, I speak to David Orrell, author of The Money Formula. Listen to this episode to learn how the global economy relies on quantitative finance, whether financial instruments like derivatives and credit default swaps can be a positive force in the world or just a way for bankers to make huge amounts of money, how money created out of thin air becomes real obligations which need to be repaid, and whether we've now got a better understand of quantitative finance and how it can be used safely. David is one seriously clever chap. He studied mathematics at the University of Alberta in Canada before working on the design of particle accelerator projects in the US, UK, France, and Canada He then returned to studying mathematics, this time at Oxford University. His doctoral thesis explored the predictability of nonlinear systems, with applications to weather forecasting. His new book, co-authored with Paul Wilmott, is The Money Formula. This is a book which goes inside the engine room of the global economy to explore the little understood world of quantitative finance. Orrell and Wilmott show how the future of our economy rests on the backs of this all-but-impenetrable industry. Written not from a post-crisis perspective - but from a preventative point of view - the book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. If you've read The Big Short or watched the movie, you'll enjoy this conversation. One of my favourite authors, Nassim Nicholas Taleb, said of The Money Formula, “This book has humor, attitude, clarity, science and common sense; it pulls no punches and takes no prisoners.”  Welcome to The Money Formula with David Orrell, in episode 201 of Informed Choice Radio. Some questions I ask: -Could you start by defining quantitative finance, or quant? -At what point did quant become a dominant form of global finance and also take control of the financial system? -Has quant played a big role in every recent financial crash? -Are financial instruments a positive force in the world, or do you think that they're just a way for bankers to make money? -Do you think we've now got a better understanding of some of the risks involved and how it can be used more safely in the future? -If we put you in charge for the day, what steps would you want to take in order to prevent another global financial crisis? -Why are economists and traditional economic models having such a hard time of it lately? Thank you for listening! To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on <a href="https://itunes.apple.com/gb/podcast/the-informed-choice-podcast/id941872073?mt=2&amp;ls=1" rel="nofollow" target="_blank"> Apple Podcasts</a> or <a href="http://www.stitcher.com/podcast/informed-choice-podcast/the-informed-choice-podcast" rel="nofollow" target="_blank"> Stitcher</a> Your <a href="https://itunes.apple.com/gb/podcast/the-informed-choice-podcast/id941872073?mt=2&amp;ls=1" rel="nofollow" target="_blank"> reviews on Apple Podcasts</a> are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode.

ICR201: David Orrell, The Money Formula

From particle physics to market predictions, we thought scientists, right or wrong, traded in the world of facts. What we did not expect is that all the while they were deeply concerned about their looks. Beauty is at the heart of scientific endeavour, and has always been. As the stakes get higher, however, can we afford to have outdated notions of aesthetics guide the way we engage with the world? We look at this specific question, as well as the many baby questions to which it gives birth, alongside author David Orrell.  &gt;&gt;&gt;  Download the mp3 file Subscribe in iTunes &gt;&gt;&gt; From recent débuts to classics, fiction to non-fiction, memoirs, philosophy, science, history and journalism, Burning Books separates the smoking from the singeworthy, looking at the pleasures (and pains) of reading, the craft of writing, the ideas that are at the heart of great novels as well as novels that try to be great, but don’t quite make it. https://litopia.com/shows/burn/

From particle physics to market predictions, we thought scientists, right or wrong, traded in the world of facts. What we did not expect is that all the while they were deeply concerned about their looks. Beauty is at the heart of scientific endeavour, and has always been. As the stakes get higher, however, can we afford to have outdated notions of aesthetics guide the way we engage with the world? We look at this specific question, as well as the many baby questions to which it gives birth, alongside author David Orrell. &gt;&gt;&gt; <ul> <li><a href="http://www.radiolitopia.com/enclosures/bb/bb_019.mp3" rel="nofollow" target="_blank">Download the mp3 file</a> </li><li><a href="https://itunes.apple.com/ca/podcast/burning-books/id711530960" rel="nofollow" target="_blank">Subscribe in iTunes</a></li></ul> &gt;&gt;&gt; From recent débuts to classics, fiction to non-fiction, memoirs, philosophy, science, history and journalism, Burning Books separates the smoking from the singeworthy, looking at the pleasures (and pains) of reading, the craft of writing, the ideas that are at the heart of great novels as well as novels that try to be great, but don’t quite make it. <a href="https://litopia.com/shows/burn/" rel="nofollow" target="_blank">https://litopia.com/shows/burn/</a>