full transcript
From the Ted Talk by Jim Simons: The mathematician who cracked Wall Street
Unscramble the Blue Letters
JS: In the old days — this is kind of a graph from the old days, commodities or currencies had a tecnedny to trend. Not necessarily the very light trend you see here, but trniedng in periods. And if you dcdeeid, OK, I'm going to prdeict today, by the average move in the past 20 days — maybe that would be a good prediction, and I'd make some money. And in fact, years ago, such a system would work — not beautifully, but it would work. You'd make money, you'd lose money, you'd make money. But this is a year's wrtoh of days, and you'd make a little money during that period. It's a very visietgal system.
Open Cloze
JS: In the old days — this is kind of a graph from the old days, commodities or currencies had a ________ to trend. Not necessarily the very light trend you see here, but ________ in periods. And if you _______, OK, I'm going to _______ today, by the average move in the past 20 days — maybe that would be a good prediction, and I'd make some money. And in fact, years ago, such a system would work — not beautifully, but it would work. You'd make money, you'd lose money, you'd make money. But this is a year's _____ of days, and you'd make a little money during that period. It's a very _________ system.
Solution
- predict
- tendency
- vestigial
- worth
- decided
- trending
Original Text
JS: In the old days — this is kind of a graph from the old days, commodities or currencies had a tendency to trend. Not necessarily the very light trend you see here, but trending in periods. And if you decided, OK, I'm going to predict today, by the average move in the past 20 days — maybe that would be a good prediction, and I'd make some money. And in fact, years ago, such a system would work — not beautifully, but it would work. You'd make money, you'd lose money, you'd make money. But this is a year's worth of days, and you'd make a little money during that period. It's a very vestigial system.
Frequently Occurring Word Combinations
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hedge fund |
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hedge funds |
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fund industry |
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started applying |
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amazing mind |
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financial industry |
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efficient market |
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pure luck |
2 |
machine learning |
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science teachers |
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public schools |
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building blocks |
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ngrams of length 3
collocation |
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hedge fund industry |
3 |
Important Words
- average
- beautifully
- commodities
- currencies
- days
- decided
- fact
- good
- graph
- kind
- light
- lose
- money
- move
- necessarily
- period
- periods
- predict
- prediction
- system
- tendency
- today
- trend
- trending
- vestigial
- work
- worth
- years