Jeff Seder

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Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are by Seth Stephens-Davidowitz

affirmative action, AltaVista, Amazon Mechanical Turk, Asian financial crisis, Bernie Sanders, big data - Walmart - Pop Tarts, Black Lives Matter, Cass Sunstein, computer vision, content marketing, correlation does not imply causation, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, desegregation, Donald Trump, Edward Glaeser, Filter Bubble, game design, happiness index / gross national happiness, income inequality, Jeff Bezos, Jeff Seder, John Snow's cholera map, longitudinal study, Mark Zuckerberg, Nate Silver, Nick Bostrom, peer-to-peer lending, Peter Thiel, price discrimination, quantitative hedge fund, Ronald Reagan, Rosa Parks, sentiment analysis, Silicon Valley, statistical model, Steve Jobs, Steven Levy, Steven Pinker, TaskRabbit, The Signal and the Noise by Nate Silver, working poor

Also see Marcelle Chauvet, Stuart Gabriel, and Chandler Lutz, “Mortgage Default Risk: New Evidence from Internet Search Queries,” Journal of Urban Economics 96 (2016). 60 Bill Clinton: Sergey Brin and Larry Page, “The Anatomy of a Large-Scale Hypertextual Web Search Engine,” Seventh International World-Wide Web Conference, April 14–18, 1998, Brisbane, Australia. 61 porn sites: John Battelle, The Search: How Google and Its Rivals Rewrote the Rules of Business and Transformed Our Culture (New York: Penguin, 2005). 61 crowdsource the opinions: A good discussion of this can be found in Steven Levy, In the Plex: How Google Thinks, Works, and Shapes Our Lives (New York: Simon & Schuster, 2011). 64 “Sell your house”: This quote was also included in Joe Drape, “Ahmed Zayat’s Journey: Bankruptcy and Big Bets,” New York Times, June 5, 2015, A1. However, the article incorrectly attributes the quote to Seder. It was actually made by another member of his team. 65 I first met up with Seder: I interviewed Jeff Seder and Patty Murray in Ocala, Florida, from June 12, 2015, through June 14, 2015. 66 Roughly one-third: The reasons racehorses fail are rough estimates by Jeff Seder, based on his years in the business. 66 hundreds of horses die: Supplemental Tables of Equine Injury Database Statistics for Thoroughbreds, http://jockeyclub.com/pdfs/eid_7_year_tables.pdf. 66 mostly due to broken legs: “Postmortem Examination Program,” California Animal Health and Food Laboratory System, 2013. 67 Still, more than three-fourths do not win a major race: Avalyn Hunter, “A Case for Full Siblings,” Bloodhorse, April 18, 2014, http://www.bloodhorse.com/horse-racing/articles/115014/a-case-for-full-siblings. 67 Earvin Johnson III: Melody Chiu, “E.

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The typical horse experts you’d see at an event like this were middle-aged men, many from Kentucky or rural Florida with little education but with a family background in the horse business. Zayat’s experts, however, came from a small firm called EQB. The head of EQB was not an old-school horse man. The head of EQB, instead, was Jeff Seder, an eccentric, Philadelphia-born man with a pile of degrees from Harvard. Zayat had worked with EQB before, so the process was familiar. After a few days of evaluating horses, Seder’s team would come back to Zayat with five or so horses they recommended buying to replace No. 85. This time, though, was different.

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Sixty-two horses at the auction sold for a higher price than horse No. 85, with two fetching more than $1 million each. Three months later, Zayat finally chose a name for No. 85: American Pharoah. And eighteen months later, on a 75-degree Saturday evening in the suburbs of New York City, American Pharoah became the first horse in more than three decades to win the Triple Crown. What did Jeff Seder know about horse No. 85 that apparently nobody else knew? How did this Harvard man get so good at evaluating horses? I first met up with Seder, who was then sixty-four, on a scorching June afternoon in Ocala, Florida, more than a year after American Pharoah’s Triple Crown. The event was a weeklong showcase for two-year-old horses, culminating in an auction, not dissimilar to the 2013 event where Zayat bought his own horse back.

Just Keep Buying: Proven Ways to Save Money and Build Your Wealth by Nick Maggiulli

Airbnb, asset allocation, Big Tech, bitcoin, buy and hold, COVID-19, crowdsourcing, cryptocurrency, data science, diversification, diversified portfolio, financial independence, Hans Rosling, index fund, it's over 9,000, Jeff Bezos, Jeff Seder, lifestyle creep, mass affluent, mortgage debt, oil shock, payday loans, phenotype, price anchoring, risk-adjusted returns, Robert Shiller, Sam Altman, side hustle, side project, stocks for the long run, The 4% rule, time value of money, transaction costs, very high income, William Bengen, yield curve

., “Bernstein: Free Trading is Like Giving Chainsaws to Toddlers,” The Evidence-Based Investor (March 25, 2021). 13. How Soon Should You Invest? And why earlier is better than later B efore american pharoah won the Triple Crown in 2015, no one expected much from the horse. But Jeff Seder felt differently. Seder had worked as an analyst at Citigroup before quitting and following his passion to predict the outcome of horse races. Seder wasn’t like other equine researchers because he didn’t care about the thing that other horse breeders obsessed over—pedigree. The traditional view among horse breeders was that a horse’s mother, father, and general lineage were the primary determinant of its racing success.