Singh

Fault Line of Modern Finance Singh

The dream of duplicating human intelligence may be as old as humanity itself. 'We want to ask a computer, "Tell me about the merger of corporation X and corporation Y' No, I am not going to talk about Prof Raghuram Rajan and his fault line fundamentals. But for those rare breeds who are new to the concept of Prof Raghu..... Prof Rajan wrote a book on Fault Lines in 2010 to let us understand and appreciate the hidden fractures of financial crisis post 2008 which is still threatening the world economy as the name itself suggests. At the Federal Reserve annual Jackson Hole conference in 2005, Rajan had warned about the growing risks in the financial system and proposed policies that would reduce such risks. Now the left has figured out who to blame for the financial crisis: Greedy Wall Street bankers, especially at Goldman Sachs. The right has figured it out, too: It was government's fault, especially Fannie Mae and Freddie Mac. According to a recent report, the quickly-changing landscape of alternative investing strategies has seen a sudden rise in the prominence of artificial intelligence-based (AI) funds, and that many of these funds are vastly outperforming so-called "traditional quants," as well as human-led management teams. Fascinated by the modern concepts of finance and my innate passion for mathematics, I kept reading and collecting nuances from many sources for my own understanding but then thought to share with my small world of friends, peers and audience... the story of fault line in modern finance: Invasion of AI in Quant world !