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You're reading from  Algorithmic Short Selling with Python

Product typeBook
Published inSep 2021
PublisherPackt
ISBN-139781801815192
Edition1st Edition
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Financial Technology
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Laurent Bernut
Laurent Bernut
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Laurent Bernut

Laurent Bernut has 2 decades of experience in alternative investment space. After the US CPA, he compiled financial statements in Japanese and English for a Tokyo Stock Exchange-listed corporation. After serving as an analyst in two Tokyo-based hedge funds, he joined Fidelity Investments Japan as a dedicated quantitative short-seller. Laurent has built numerous portfolio management systems and developed several quantitative models across various platforms. He currently writes and runs algorithmic strategies and is an undisputed authority on short selling on Quora, where he was nominated top writer for 2017, 2018, and 2019.
Read more about Laurent Bernut

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Money "is" made between events that "should" happen

"Most decisions should probably be made with somewhere around 70% of the information you wish you had."

– Jeff Bezos

The reality of short selling is that money is made in the time between events that "should" happen. Let me explain what I mean. When stocks reach unsustainable levels, they "should" go down. When companies are in complete disarray, they "should" go under. Between the fatal moment of implosion in orbit like an old satellite and the languishing purgatory of zombie stocks, they were not magically beamed down by some market Scottie. Between the time when they "should" go down and the time when they "should" go bust, the reality is that they actually "did" come down a long way, over a long time, unnoticed, unappreciated, but still in a very profitable way to a few savvy short sellers.

They faded from...

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Algorithmic Short Selling with Python
Published in: Sep 2021Publisher: PacktISBN-13: 9781801815192
© 2021 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Laurent Bernut

Laurent Bernut has 2 decades of experience in alternative investment space. After the US CPA, he compiled financial statements in Japanese and English for a Tokyo Stock Exchange-listed corporation. After serving as an analyst in two Tokyo-based hedge funds, he joined Fidelity Investments Japan as a dedicated quantitative short-seller. Laurent has built numerous portfolio management systems and developed several quantitative models across various platforms. He currently writes and runs algorithmic strategies and is an undisputed authority on short selling on Quora, where he was nominated top writer for 2017, 2018, and 2019.
Read more about Laurent Bernut

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