Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6928034041505955841
#AI #ML #DataScience: Stocks & Financial Markets: Sign of Times to Come? Bloomberg LP: https://lnkd.in/eG6ddkS4:
Princeton University #QuantFinance & #Trading #FinTech-#Crypto Presentations, Sponsors: Goldman Sachs, Citadel, Princeton Bendheim Center for Finance: #Beyond #Data to #ModelRiskManagement & #ModelRisk #Arbitrage: ModelRiskArbitrage.com:
R&D #Impact Among #Finance #Nobel #Laureates #BlackScholes:
#BeyondPrediction #AnticipationOfSurprise (Since 1993):
#FutureOfFinance FutureOfFinance.org: Goldman Sachs:
The #future is moving so quickly that you can’t #anticipate it… We have put a tremendous emphasis on quick #response instead of #planning. We will continue to be surprised, but we won’t be surprised that we are surprised. We will anticipate the surprise.
#Models
I’d just caution you that #models are #backward-looking. The #future isn’t the #past.– Jamie Dimon, Chairman-CEO, JPMorgan Chase & Co., US #Senate #Banking #Committee hearing, June 13, 2012.
#Change #Management
The new business model of the #Information Age, however, is marked by #fundamental, not #incremental, #change. Businesses can’t #plan long-term; instead, they must shift to a more #flexible ‘anticipation-of-surprise’ #model.
— Dr. Yogesh Malhotra, CIO Online Magazine #Interview, Sep. 15, 1999.
“Yogesh Malhotra says his vision is to fill the gaps between #business and #technology, #data and #knowledge, and, #theory and #practice…” — Dr. Yogesh Malhotra, Fortune #Interview, June 1998.
Obsolete what you know before others obsolete it and profit by creating the #challenges and #opportunities others haven’t even thought about” – Dr. Yogesh Malhotra, Inc. Magazine #Technology #Interview, 1999: https://lnkd.in/egrbGbk .
#Anticipatory #Risk #Analytics since 1993:
The concept of ‘anticipation of surprise’ in a #strategy #journal by GE #Chief #Learning #Officer and future Goldman Sachs MD responsible for Goldman Sachs #Leadership #Development caught Dr. Yogesh Malhotra’s fascination in 1995. Malhotra’s #research developed that concept into a comprehensive actionable #framework of #model #risk management of non-#deterministic #risks such as associated with #blackswans through ‘anticipation of surprise’ by ‘effective #challenge of #models’….
Yogesh Malhotra’s influential #research & #practices on realizing & #executing the #cyberspace era #vision of #risk #modeling & #riskmanagement have guided world’s greatest #nations, #firms, & #institutions at the forefront of #managing #risk and #uncertainty. During the same time span, #GoldmanSachs as a firm is known to have fundamentally transformed its global #riskmanagement #strategy around the same concept…
#Stocks #Finance #Markets #WallStreet #Risk #Models
#RiskManagement #RiskModels #Models #QuantFinance
#HedgeFunds #AssetManagement #WallStreet
#Analytics #Data #Science #Prediction #Control
AWS Cloud Network Partner: Silicon Valley-Wall Street-Pentagon: Global Risk Management Network LLC