16 must-read business books like Advances in Financial Machine Learning by Marcos López de Prado

Cover of Advances in Financial Machine Learning by Marcos López de Prado

Advances in Financial Machine Learning

By: Marcos López de Prado

4.15

Format: 400 pages, Kindle Edition

Learn to understand and implement the latest machine learning innovations to improve your investmen…

"Many investment managers believe that the secret to riches is to implement an extremely complex ML algorithm. They are setting themselves up for a disappointment. If it was as easy as coding a state-of-the-art classifier, most people in Silicon Valley would be billionaires."

-Marcos López de Prado, Advances in Financial Machine Learning

"Dollar bars are formed by sampling an observation every time a pre-defined market value is exchanged. Of course, the reference to dollars is meant to apply to the currency in which the security is denominated, but nobody refers to euro bars, pound bars, or yen bars (although gold bars would make for a fun pun)."

-Marcos López de Prado, Advances in Financial Machine Learning

"Econometrics is the application of classical statistical methods to economic and financial series. The essential tool of econometrics is multivariate linear regression, an 18th-century technology that was already mastered by Gauss before 1794. Standard econometric models do not learn. It is hard to believe that something as complex as 21st-century finance could be grasped by something as simple as inverting a covariance matrix."

-Marcos López de Prado, Advances in Financial Machine Learning

"Supervised learning algorithms typically require stationary features. The reason is that we need to map a previously unseen (unlabeled) observation to a collection of labeled examples, and infer from them the label of that new observation. If the features are not stationary, we cannot map the new observation to a large number of known examples. But stationary does not ensure predictive power. Stationarity is a necessary, non-sufficient condition for the high performance of an ML algorithm. The problem is, there is a trade-off between stationarity and memory. We can always make a series more stationary through differentiation, but it will be at the cost of erasing some memory, which will defeat the forecasting purpose of the ML algorithm."

-Marcos López de Prado, Advances in Financial Machine Learning

If you liked the business plot in Advances in Financial Machine Learning by Marcos López de Prado , here is a list of 16 books like this:

Cover of Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone

1. Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

By: William Poundstone

4.19

Format: 386 pages, Paperback

In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathem… read more

Similar categories in William Poundstone's Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
"The best on horses you think will lose are a valuable "insurance policy." When rare disaster strikes, you'll be glad you had the insurance. 71 The exponential growth of wealth in the Kelly system is …"

-William Poundstone, Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

Cover of Superintelligence: Paths, Dangers, Strategies by Nick Bostrom

2. Superintelligence: Paths, Dangers, Strategies

By: Nick Bostrom

3.50

Format: 192 pages, Hardcover

Superintelligence asks the questions: What happens when machines surpass humans in general intellig… read more

Similar categories in Nick Bostrom's Superintelligence: Paths, Dangers, Strategies book and Marcos López de Prado's Advances in Financial Machine Learning

  • computer science
  • nonfiction
  • artificial intelligence
  • technology
Cover of The Art of Living: The Classical Manual on Virtue, Happiness and Effectiveness by Epictetus, Sharon Lebell

3. The Art of Living: The Classical Manual on Virtue, Happiness and Effectiveness

By: Epictetus , Sharon Lebell

3.37

Format: None pages,

Epictetus was born into slavery about 55 C.E. in the eastern outreaches of the Roman Empire. Sold a… read more

Similar categories in Epictetus's The Art of Living: The Classical Manual on Virtue, Happiness and Effectiveness book and Marcos López de Prado's Advances in Financial Machine Learning

  • nonfiction

4. Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order )

By: None

2.00

Format: None pages, Hardcover

An ex-Wall Street trader improved on Moneyball's famed sabermetrics to place bets that would beat t… read more

Similar categories in None's Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order ) book and Marcos López de Prado's Advances in Financial Machine Learning

5. Flow: The Psychology of Optimal Experience

By: Mihály Csíkszentmihályi

3.00

Format: 31 pages, Paperback

The world's foremost producer of personal development and motivational audio programs gives you the… read more

Similar categories in Mihály Csíkszentmihályi's Flow: The Psychology of Optimal Experience book and Marcos López de Prado's Advances in Financial Machine Learning

Cover of The Little Book of Behavioral Investing: How not to be your own worst enemy by James Montier

6. The Little Book of Behavioral Investing: How not to be your own worst enemy

By: James Montier

4.12

Format: 240 pages, Hardcover

A detailed guide to overcoming the most frequently encountered psychological pitfalls of investing … read more

Similar categories in James Montier's The Little Book of Behavioral Investing: How not to be your own worst enemy book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
"Groups have powerful self-reinforcing mechanisms at work. These can lead to group polarization—a tendency for members of the group to end up in a more extreme position than they started in because th…"

-James Montier, The Little Book of Behavioral Investing: How not to be your own worst enemy

"This focus on the short term is hard to reconcile with any fundamental view of investing. We can examine the drivers of equity returns to see what we need to understand in order to invest. At a one-y…"

-James Montier, The Little Book of Behavioral Investing: How not to be your own worst enemy

7. How Google Works

By: Eric Schmidt , Jonathan Rosenberg

4.09

Format: 349 pages,

Both Eric Schmidt and Jonathan Rosenberg came to Google as seasoned Silicon Valley business executi… read more

Similar categories in Eric Schmidt's How Google Works book and Marcos López de Prado's Advances in Financial Machine Learning

8. Algorithms to Live By: The Computer Science of Human Decisions

By: Brian Christian , Tom Griffiths

3.95

Format: None pages, Hardcover

A fascinating exploration of how insights from computer algorithms can be applied to our everyday l… read more

Similar categories in Brian Christian's Algorithms to Live By: The Computer Science of Human Decisions book and Marcos López de Prado's Advances in Financial Machine Learning

Cover of Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Charles T. Munger, None

9. Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

By: Charles T. Munger , None

4.42

Format: 512 pages, Hardcover

EXPANDED THIRD EDITION includes Charlie's 2007 USC Law School Commencement address. Edited by Peter… read more

Similar categories in Charles T. Munger's Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
"What are the secret of success? -one word answer :"rational"

-Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

"The best armour of old age is a well spent life preceding it."

-Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

"The best armour of old age is a well spent life perfecting it."

-Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

"How to find a good spouse? -the best single way is to deserve a good spouse."

-Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

10. Finance and the Good Society

By: Robert J. Shiller

3.91

Format: 360 pages, Hardcover

The reputation of the financial industry could hardly be worse than it is today in the painful afte… read more

Similar categories in Robert J. Shiller's Finance and the Good Society book and Marcos López de Prado's Advances in Financial Machine Learning

11. Designing Data-Intensive Applications

By: None

4.62

Format: None pages, ebook

read more

Similar categories in None's Designing Data-Intensive Applications book and Marcos López de Prado's Advances in Financial Machine Learning

12. Clean Code: A Handbook of Agile Software Craftsmanship

By: Robert C. Martin

4.44

Format: 224 pages, Paperback

Even bad code can function. But if code isn t clean, it can bring a development organization to its… read more

Similar categories in Robert C. Martin's Clean Code: A Handbook of Agile Software Craftsmanship book and Marcos López de Prado's Advances in Financial Machine Learning

13. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

By: Nassim Nicholas Taleb

3.67

Format: 363 pages, Paperback

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb's landmark Incerto series, an in… read more

Similar categories in Nassim Nicholas Taleb's Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets book and Marcos López de Prado's Advances in Financial Machine Learning

14. Dynamic Hedging: Managing Vanilla and Exotic Options

By: Nassim Nicholas Taleb

3.89

Format: 272 pages, Hardcover

Written by a leading options trader and derivatives risk advisor to global banks and exchanges, thi… read more

Similar categories in Nassim Nicholas Taleb's Dynamic Hedging: Managing Vanilla and Exotic Options book and Marcos López de Prado's Advances in Financial Machine Learning

15. Options, Futures and Other Derivatives

By: John C. Hull

3.91

Format: 385 pages,

read more

Similar categories in John C. Hull's Options, Futures and Other Derivatives book and Marcos López de Prado's Advances in Financial Machine Learning

Cover of Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke

16. Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

By: Annie Duke

3.83

Format: 288 pages, Hardcover

In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in footbal… read more

Similar categories in Annie Duke's Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
Cover of Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader by Tom Hougaard

17. Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

By: Tom Hougaard

4.54

Format: 264 pages, Paperback

Best Loser Wins is an intimate insight into one of the most prolific high-stake retail traders in t… read more

Similar categories in Tom Hougaard's Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
Cover of Clear Thinking: Turning Ordinary Moments into Extraordinary Results by Shane Parrish

18. Clear Thinking: Turning Ordinary Moments into Extraordinary Results

By: Shane Parrish

4.21

Format: 284 pages, Kindle Edition

AN INSTANT NEW YORK TIMES BESTSELLERFew things will change your trajectory in life or business as m… read more

Similar categories in Shane Parrish's Clear Thinking: Turning Ordinary Moments into Extraordinary Results book and Marcos López de Prado's Advances in Financial Machine Learning

  • nonfiction
  • business
"Our desire to feel right overpowers our desire to be right."

-Shane Parrish, Clear Thinking: Turning Ordinary Moments into Extraordinary Results

"The social rewards for going with the crowd are felt long before the benefits of going against it are gained."

-Shane Parrish, Clear Thinking: Turning Ordinary Moments into Extraordinary Results

"Most people go through life assuming that we’re right about everything all the time and that people who don’t see things our way are wrong. We mistake how we want the world to be with how it actually…"

-Shane Parrish, Clear Thinking: Turning Ordinary Moments into Extraordinary Results

Cover of The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources by Javier Blas

19. The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

By: Javier Blas

4.34

Format: 320 pages, Paperback

Meet the traders who supply the world with oil, metal and food - no matter how corrupt, war-torn or… read more

Similar categories in Javier Blas's The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
"Little noticed and little scrutinised, the commodity traders have become essential cogs in the modern economy. Without them, petrol stations would run out of fuel, factories would grind to a halt and…"

-Javier Blas, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

"Most of us take for granted the ease with which we can fill up our cars, buy a new smartphone or order a cup of Colombian coffee. But underpinning almost all of our consumption is a frenetic internat…"

-Javier Blas, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

Cover of The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman

20. The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

By: Gregory Zuckerman

4.03

Format: 359 pages, Paperback

Gregory Zuckerman, the bestselling author of The Greatest Trade Ever and The Frackers, answers the … read more

Similar categories in Gregory Zuckerman's The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution book and Marcos López de Prado's Advances in Financial Machine Learning

  • finance
  • nonfiction
  • economics
  • business
  • technology
Cover of The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland

21. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend

By: Rob Copeland

4.04

Format: 352 pages, Hardcover

The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio. Ray Dalio… read more

Similar categories in Rob Copeland's The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
Cover of A Template for Understanding Big Debt Crises by Ray Dalio

22. A Template for Understanding Big Debt Crises

By: Ray Dalio

4.35

Format: 456 pages, Kindle Edition

On the 10th anniversary of the 2008 financial crisis, one of the world's most successful investors,… read more

Similar categories in Ray Dalio's A Template for Understanding Big Debt Crises book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • nonfiction
  • finance
  • business
Cover of Gambler: Secrets from a Life at Risk by Billy Walters

23. Gambler: Secrets from a Life at Risk

By: Billy Walters

3.84

Format: 384 pages, Hardcover

NEW YORK TIMES BESTSELLER * “An insightful read…Walters is a larger-than-life character.” — Sports … read more

Similar categories in Billy Walters's Gambler: Secrets from a Life at Risk book and Marcos López de Prado's Advances in Financial Machine Learning

  • nonfiction
  • business
Cover of Fundamentals of Data Engineering: Plan and Build Robust Data Systems by Joe Reis

24. Fundamentals of Data Engineering: Plan and Build Robust Data Systems

By: Joe Reis

4.25

Format: 426 pages, Paperback

Data engineering has grown rapidly in the past decade, leaving many software engineers, data scient… read more

Similar categories in Joe Reis's Fundamentals of Data Engineering: Plan and Build Robust Data Systems book and Marcos López de Prado's Advances in Financial Machine Learning

  • technical
  • artificial intelligence
  • nonfiction
  • programming
  • computer science
  • business
  • technology
Cover of Possible Minds: 25 Ways of Looking at AI by John Brockman

25. Possible Minds: 25 Ways of Looking at AI

By: John Brockman

3.77

Format: 320 pages, Hardcover

Science world luminary John Brockman assembles twenty-five of the most important scientific minds, … read more

Similar categories in John Brockman's Possible Minds: 25 Ways of Looking at AI book and Marcos López de Prado's Advances in Financial Machine Learning

  • artificial intelligence
  • nonfiction
  • computer science
  • business
  • technology
Cover of Advances in Financial Machine Learning by Marcos López de Prado

26. Advances in Financial Machine Learning

By: Marcos López de Prado

4.15

Format: 400 pages, Kindle Edition

Learn to understand and implement the latest machine learning innovations to improve your investmen… read more

Similar categories in Marcos López de Prado's Advances in Financial Machine Learning book and Marcos López de Prado's Advances in Financial Machine Learning

  • technical
  • finance
  • artificial intelligence
  • nonfiction
  • programming
  • computer science
  • reference
  • economics
  • business
  • technology
"Many investment managers believe that the secret to riches is to implement an extremely complex ML algorithm. They are setting themselves up for a disappointment. If it was as easy as coding a state-…"

-Marcos López de Prado, Advances in Financial Machine Learning

"Dollar bars are formed by sampling an observation every time a pre-defined market value is exchanged. Of course, the reference to dollars is meant to apply to the currency in which the security is de…"

-Marcos López de Prado, Advances in Financial Machine Learning

"Econometrics is the application of classical statistical methods to economic and financial series. The essential tool of econometrics is multivariate linear regression, an 18th-century technology tha…"

-Marcos López de Prado, Advances in Financial Machine Learning

"Supervised learning algorithms typically require stationary features. The reason is that we need to map a previously unseen (unlabeled) observation to a collection of labeled examples, and infer from…"

-Marcos López de Prado, Advances in Financial Machine Learning

Cover of Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory by Adam S. Iqbal

27. Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory

By: Adam S. Iqbal

4.42

Format: 262 pages, Kindle Edition

One of the great challenges that many participants in foreign exchange (FX) markets face is sifting… read more

Similar categories in Adam S. Iqbal's Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
Cover of Volatility: Practical Options Theory (Wiley Finance) by Adam S Iqbal

28. Volatility: Practical Options Theory (Wiley Finance)

By: Adam S Iqbal

4.50

Format: 208 pages, Hardcover

Gain a deep, intuitive and technical understanding of practical options theory The main challenges … read more

Similar categories in Adam S Iqbal's Volatility: Practical Options Theory (Wiley Finance) book and Marcos López de Prado's Advances in Financial Machine Learning

  • finance
Cover of Finding Alphas: A Quantitative Approach to Building Trading Strategies by Igor Tulchinsky

29. Finding Alphas: A Quantitative Approach to Building Trading Strategies

By: Igor Tulchinsky

3.22

Format: 331 pages, Kindle Edition

Design more successful trading systems with this practical guide to identifying alphas Finding Alph… read more

Similar categories in Igor Tulchinsky's Finding Alphas: A Quantitative Approach to Building Trading Strategies book and Marcos López de Prado's Advances in Financial Machine Learning

  • finance
Cover of Advanced Portfolio Management: A Quant's Guide for Fundamental Investors by Giuseepe Paleologo

30. Advanced Portfolio Management: A Quant's Guide for Fundamental Investors

By: Giuseepe Paleologo

4.29

Format: 208 pages, Hardcover

You have great investment ideas. If you turn them into highly profitable portfolios, this book is f… read more

Similar categories in Giuseepe Paleologo's Advanced Portfolio Management: A Quant's Guide for Fundamental Investors book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • finance
  • business
Cover of Fundamentals of Futures and Options Markets by John C. Hull

31. Fundamentals of Futures and Options Markets

By: John C. Hull

3.84

Format: 624 pages, Hardcover

A reader-friendly book with an abundance of numerical and real-life examples. Based on Hull's Opti… read more

Similar categories in John C. Hull's Fundamentals of Futures and Options Markets book and Marcos López de Prado's Advances in Financial Machine Learning

  • economics
  • finance
  • business

16 Best nonfiction books like Advances in Financial Machine Learning by Marcos López de Prado

Transform Your Habits

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

William Poundstone

4.19

Transform Your Habits

Superintelligence: Paths, Dangers, Strategies

Nick Bostrom

3.50

Transform Your Habits

The Art of Living: The Classical Manual on Virtue, Happiness and Effectiveness

Epictetus , Sharon Lebell

3.37

Transform Your Habits

The Little Book of Behavioral Investing: How not to be your own worst enemy

James Montier

4.12

View all the books

16 Top history books like The Art of Living: The Classical Manual on Virtue, Happiness and Effectiveness by Epictetus, Sharon Lebell

Transform Your Habits

L'arte di essere felici

Seneca , Mario Scaffidi Abbate

3.85

Transform Your Habits

Fragments

James Hillman , Heraclitus , Brooks Haxton

4.18

Transform Your Habits

Courage Under Fire: Testing Epictetus's Doctrines in a Laboratory of Human Behavior (Hoover Essays)

James B. Stockdale

4.30

Transform Your Habits

Tao Te Ching

Lao Tzu , Gia-Fu Feng , Jane English , Jacob Needleman , Toinette Lippe

4.30

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