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 gprah from the old days, commodities or currencies had a tdcneeny to trned. Not necessarily the very light trend you see here, but trending in periods. And if you decided, OK, I'm going to pidrect today, by the average move in the past 20 days — maybe that would be a good potciiedrn, and I'd make some money. And in fact, years ago, such a seystm 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.

Open Cloze

JS: In the old days — this is kind of a _____ from the old days, commodities or currencies had a ________ to _____. Not necessarily the very light trend you see here, but trending in periods. And if you decided, OK, I'm going to _______ today, by the average move in the past 20 days — maybe that would be a good __________, and I'd make some money. And in fact, years ago, such a ______ 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.

Solution

  1. prediction
  2. trend
  3. system
  4. graph
  5. predict
  6. tendency

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

ngrams of length 2

collocation frequency
hedge fund 5
hedge funds 4
fund industry 3
started applying 2
amazing mind 2
financial industry 2
efficient market 2
pure luck 2
machine learning 2
science teachers 2
public schools 2
building blocks 2

ngrams of length 3

collocation frequency
hedge fund industry 3

Important Words

  1. average
  2. beautifully
  3. commodities
  4. currencies
  5. days
  6. decided
  7. fact
  8. good
  9. graph
  10. kind
  11. light
  12. lose
  13. money
  14. move
  15. necessarily
  16. period
  17. periods
  18. predict
  19. prediction
  20. system
  21. tendency
  22. today
  23. trend
  24. trending
  25. vestigial
  26. work
  27. worth
  28. years