Dan Taylor

@ProfAnalytics

Professor @Wharton; Forensic Analytics; expertise in financial data analysis, SEC filings, accounting fraud, and insider trading.

ai-analytics.wharton.upenn.edu/wharton-forens…

Joined January 2020

Pinned
Dan Taylor
@ProfAnalytics
Mar 23, 2022
This is why I study insider trading.
Dr Sarah Sammons
@drsarahsam
Mar 23, 2022
“I’m guided by what I’m really outraged about and what I think I can actually try to influence. It may be that I can only influence things one case at a time, but ultimately, the plan is always to try and improve the system.” May we all pick outrageous causes for change..
Dan Taylor
@ProfAnalytics
Aug 13
This take, about AI exacerbating the achievement gap between “high type” and “low type” matches what I am seeing. And I think it is self-reinforcing. What I am seeing with AI among Wharton undergrads, and some of my staff (both new hires, and veterans): The BEST, use AI as a
Devon Eriksen
@Devon_Eriksen_
Aug 12
He is correct. AI looks smart, sometimes, because we have gotten used to measuring eloquence as a proxy for intelligence in humans. Doesn't work for AI. Doesn't work for humans, either, but it especially doesn't work for AI. AI has no theory of mind, no executive function, and
Dan Taylor
@ProfAnalytics
Aug 13
touch grass. reflect. be thankful. I love my wife. I love my life. And I wish you my kind of success.
Dan Taylor
@ProfAnalytics
Jul 30
Hedge fund LPs chasing returns without risk-adjusting ALWAYS ends badly for the LP, but great for the manager who gets paid on the upside but limited downside. Happens in EVERY CYCLE. The consistency with which LP‘s chase shiny things (with leverage) reinforces that markets have
Financial Times
@FT
Jul 30
Situational Awareness, the $20bn hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks ft.trib.al/SwCjjE6
Dan Taylor
@ProfAnalytics
Jul 30
Its also a commentary on how corporate structure can end-run Reg BI. Reg BI requires broker-dealers to act in the customers best interest. Robinhood Securities is a FINRA b/d that has those obligations. But Robinhood Crypto is a separate legal entity that is not a b/d. All of
John Arnold
@johnarnold
Jul 30
Equity trading is just 17% of Robinhood's revenues. Options, crypto, event contracts, and fees are 83%. Their margins when clients buy and hold equities are virtually zero. Margins when clients gamble are large. It's a fundamental misalignment with customers' long-term interests.