- Systematic and quantitative trading and investing
- giving more people the tools and understanding to do their own investing better
- Making the investment industry function better and serve the interests of society as a whole
- Trying to promote a more correct and complete use and understanding of quantitative economic research in coming to better decisions, eg in policy making.
On this page I've collected posts that fall into the 3rd and 4th categories of the above list. For posts on category 1 systematic trading see here. For posts on category 2, vanilla investment, see here.
"LOBO's" (Lender option borrower option) are a type of loan that UK local authority and housing associations used to borrow money. These loans have embedded derivatives within them that the borrowers may not have understood. There are serious concerns about the way that these loans were arranged.
I started blogging about LOBO's in early 2014; in September they were mentioned in private eye, and in Summer 2015 I appeared in a Channel 4 Dispatches episode about the issue. This was followed by a UK parliament select committee hearing where I gave evidence.
My first post (good place to start)
Channel 4, and select committee hearing
After the programme I wrote a couple more posts rebutting the arguments put by both lenders and borrowers in the documentary.
A fairly technical rebuttal post
A simpler rebuttal post
The Financial Times and the Evening Standard covered LOBO's in March 2016 (I'm quoted)
The Independent also did a series of articles in March 2016: first part, second (I'm quoted) and final (TBC).
Promoting a better understanding of statistical significance
A story of poor statistical intuition
Brexit as negative skew event
Making the investment industry function better
If fund managers are overpaid so are chefs
Why hedge funds are less evil than banks
So you want to be a trader?
Can a small retail trader beat a large fund?
Humans or computers - which make better traders?
Promoting a better use of economics in political decision making
Fixing education inequality in britain
UK politics through the looking glass of finance and investment
Politics and taxes, why language matters