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GPUs, Monte Carlo Simulation and Kooderive with Professor Mark Joshi - February 25-27th, London, UK - Further Information
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Job Title: Owner

Affiliated Institution: Burns Statistics

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Job Role: consultant, researcher, evangelist

Location: London, UK

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Joined: June 26th, 2011


Patrick Burns wrote a new blog post titled US market portrait 2014 week 41

US large cap market returns. Fine print The data are from Yahoo The S&P 500 stocks are used (as implied by S&P on 2014 January 11) that still survive with the same symbol The initial post was “Replacing market indices” The R code is in marketportrait_funs.R — you are free to use these functions however you like
(10 days ago)

Patrick Burns wrote a new blog post titled Review of “Money, Blood and Revolution” by George Cooper

How Darwin and the doctor of King Charles I could turn economics into a science. Executive summary If you are confused by economics, then you should read this book.  If you are not confused by economics, then you really, really need to read this book. The book is inexpensive, not very long, and it’s important — there is no reason not to read it and good reason to read it (including some splashes of humor). Structure The book starts by explaining four seemingly random scientific revolutions: The earth goes around the sun, rather than vice versa Blood circulates in the body...
(23 days ago)

Patrick Burns wrote a new blog post titled Effective risk management with R

Conference The first EARL Conference (Effective Applications of the R Language) was held 2014 September 15-17 in London. Talk My talk was “Effective risk management with R” (annotated slides). Instability hypothesis When I was preparing for the talk, one of my ideas was to show the Google trend for searches for Minsky’s instability hypothesis.  I thought it would look a lot like Figure 1. Figure 1: My guess of interest in the instability hypothesis over time. My impression is that the instability hypothesis is pretty much totally ignored except immediately following market...
(30 days ago)

About me:

Patrick Burns founded Burns Statistics in 2002. That's the point at which development of Portfolio Probe started.  This is software that generates random portfolios and also does portfolio optimization.

Previously Patrick worked in equities at Citigroup.  Prior to entering finance he was a lead developer of S-PLUS.  Patrick has a PhD in Statistics from the University of Washington, Seattle.

Patrick is well-known in the R community, in particular as being the author of The R Inferno (