Quantitative Investing: Strategies to exploit stock market anomalies for all investors Paperback – August 26, 2013

I expected yet another bloated book on investing, but was pleasantly surprised.Mr. Piard starts with a simple explanation of each of the technical parameters used later to measure the performance of the discussed strategies.Then he explains the basics behind the generic strategies (market timing, momentum, pair-switching).The rest of the book is a pure treasure for a novice investors like me:- The author is explaining how the simple strategies work and how to exploit them in plain English, with specific examples and performance measurements of the simulations based on historic data.- He is then showing a step-by-step examples on optimizing each of them and explains alternatives for different types of investing stiles, each backed by hard data on changes in performance.- In the later chapters he explores combining those strategies and is drawing conclusion on what works best and why.The work he presents shows impressive performance in terms of both return and drawdown reduction.The thing I liked most though is that the book's style. It's very clean, with great explanations, simple math and lots of hard data/examples. I'm a slow reader, but finished it in a day.Unlike many other equity investment books, it is perfect for using as a reference material.Definite 5 from me.

This book is an easy read. It is most useful to someone who already has some background in running stock screens and are comfortable with back testing quantitative investment strategies. It pairs well with a subscription to a stock filtering tool, such as Portfolio123.com, which the author uses.The focus of this book is on ETF strategies using tactical allocation and seasonal patterns. The author has a second book that focuses on screening stocks using precepts culled from fundamental analysis. There is little overlap between the two books, and if your primary interest is stock picking, you will find the other book ("The Lazy Fundamental Analyst") more useful.The book is not big on theory, but it might give you a few new ideas. I thought the discussion on statistical metrics for evaluating performance was quite practical and illuminating. The results on market timing and switching strategies are also interesting. Academic studies tend to cover cross-sectional (stock picking) tests and few books provide backtest evidence on market timing strategies.

I've recently been looking for a methodology to replace subjectivity in my stock and ETF selection process with a more rigorous approach. I've used backtesting techniques based solely on technical analysis in the past, with mixed results. My current goal is to incorporate both fundamental and technical analysis rules to create a program that beats the market over the intermidiate to long run, with less risk than typical asset allocation approaches. I found Mr. Piard's Quantitative Investing book to be extremely helpful in this regard.A tremendous body of research is available on the merits of various fundamental and TA approaches. This book tries to keep it relatively simple, and stresses the many pitfalls of backtesting, i.e. what worked in the backtest may not work in the current market. An added bonus for me is that the Portfolio123 system was used by the author to develop his thesis, which is the tool I've chosen to use in my own research. Although this book provides a wealth of specific examples, it's best use is as a guide for those who want to develop their own models, or perhaps just gain a better understanding of what really works in the market.

A large number of strategies backtested using ETFs to inspire retail investors. Easy and comprehensive approach.The author gives ideas of portfolio timing and hedging strategies with good comments on what works and what does not.After trading and backtesting ETFs in portfolios for years, I found out good ideas in this book to carry on my research on this topic.

The book presents a large number of trading strategies in a short book but provides little explanation as to why they might work work. Also, most of the back testing is only for short periods, e.g., 10-12 years, which is insufficient. What Works on Wall Street and Quantitative Investing are much better books.

Quoting from the introduction of the book:"Who this book is forThis book was written for anyone looking for simple, effective and low risk investing strategies. The strategies described in the following pages can be managed in just five minutes a week, sometimes much less...""The book is designed to be short and actionable."After reading the book, it is clear that the author did actually as he intended. The strategies are easy to implement, risk levels are constantly taken into consideration and transaction costs are kept low. In addition, he defines his methodologies and investing terms in clear and understandable language, thereby guaranteeing the transition from concepts to strategy implementation to be an easy one.For anyone, who wishes to create their own tests or duplicate one from the book, the author not only provides for an extended trial period of the back-testing software, Portfolio123, but he also makes his code available upon request.It is thanks to this book, that I've seen just how simplistic my own testing programs have been. The book rates a five.

This book is more for the beginner investor that is not familiar with quantitative investing . Very simplistic ideas and concepts

No explanations nothing just pictures with termanology am suppose to go learn for myself and a very repetitive concept that Macd is a technical indicator that works that and rsi I think is only useful everything else seems kinda silly in technical analysis

Some basic strategies easy to implement with reasonable drawdowns.. some of these strategies will easily outperform any active manager of the long term in highly liquid instruments.

Worth buying but beware it requires work on your part to implement much of the suggested approaches.Makes you think about how your assets are invested, and if you should adjust them.

This book is ok in so far as it goes in providing a gentle introduction to very basic algorithmic trading systems. The ideas presented are at least validly tested and useful advice about getting started is given in a concise fashion. But it is just a starting point. If you are going to trade using algorithmic sysyems, the heavy lifting is still to come.