Exploring Robo Advisors with Python Experts: Rob Reider & Alex Michalka

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Join Miko Pawlikowski on this episode of HockeyStick as he dives into the world of robo advisors with industry heavyweights Rob Reider and Alex Michalka, authors of "Build a Robo Advisor with Python from Scratch". Discover their fascinating career paths from hedge funds to robo advising, the intricacies of Python programming for finance, and the evolution of financial planning and optimization techniques. Gain insights into asset allocation, tax-loss harvesting, Monte Carlo simulations, reinforcement learning, and the future of robo advising. An essential watch for anyone interested in the intersection of finance and technology!

0:00 Introduction to Robo Advisors

0:50 Rob Reider's Career Journey

01:40 Quantopian and the Love for Python

04:19 The Birth of a Book Collaboration

05:11 Alex's Journey and Weather Derivatives

08:08 Understanding Hedge Funds vs. Robo Advisors

11:13 The Rise of Robo Advisors

17:30 Tax Efficiency and Asset Allocation

24:51 Target Audience and Book Insights

28:21 Monte Carlo Simulations Explained

31:15 Monte Carlo Simulations Explained

32:01 Applications of Monte Carlo Simulations

33:34 Introduction to AI and Reinforcement Learning

35:25 Reinforcement Learning in Finance

39:38 The Power of Python in Finance

42:23 Challenges in Measuring Returns

1:01:35 Conclusion and Final Thoughts