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by rishifromtiingo 3836 days ago
Hi,

I'm the founder of Tiingo and just saw a huge influx of users! Thank you HN!

I 100% agree with you. The podcasts are there for educational purposes and I try my best to emphasize the limits of quantitative modeling and backtesting. I was a former quant trader and saw experienced people make the same mistakes.

My goal on the site is therefore give tools, but not recommendations. It's the reason I don't associate with brokerages either, I want the data to be unbiased as possible.

My hope is that newcomers and experienced individuals alike come onboard and listen to the podcasts that emphasize just this.

In terms of pricing strategy, I will be enforcing a minimum $1/month floor coming in the next couple weeks.

But either way, people deserve so much better and I'm going to try my best to make sure the tools and information remain intellectually honest.

-Rishi

1 comments

Hi Rishi,

I'm a current student so please forgive my naiveté of any real-world implementations.

You mentioned "My goal on the site is therefore give tools, but not recommendations."

Do you have any plans to offer portfolio construction tools? I took a portfolio construction class which used Andrew Ang's book as a theoretical basis and was struck at how simple it appeared to create [insert weighting scheme here] portfolios.

I think though a platform could go a step further and demonstrate how to execute different strategies that appear to be only executable by hedge funds. i.e. can you show [insert publicly-tradable assets] which when bought together appear to replicate a hedge fund's beta (maybe not HFRI but some sort of market-neutral beta)?

I dunno it just feels there's a lot that can be done to remove the mysticism from wealth management and open data is just the beginning of such a movement.