Tuesday, April 13, 2010

The Birbal Framework

Not sure how I managed to never mention this on the blog.
Anyway, when I first started my hedge fund in 2000, I put together a java app that was to be used to help me manage my investment workflow. It's since morphed into a quant strategy and portfolio management platform, but it started in simply wanting to keep tabs on lots of equities.

I called it Birbal.
The name came up from memories as a kid reading tales of Emperor Akbar and his famous Advisor, Birbal. Pretty much like any Three's Company episode in it's formulaic storyline, Birbal stories were always instances of the Emperor trying to make some decision and Birbal chirping in to make sure the right considerations are taken - often avoiding major mistakes.

Well, that embodied what I wanted out of any software I've used for investing, and that's what I continue to build.
I don't want the decision made for me, just the relevant information provided as needed, then my decision carried out while managing the process and risk.

Essentially, the investor is only doing the thing that only the investor can do - making a decision. Everything leading up to the decision and all ramifications of the decision should be handled by the platform, since computers are better at that.

And that's how my software got it's name, Birbal.

Tuesday, January 05, 2010

New Year, New Directions

Exciting changes are afoot. No longer at the family office, looking seriously at playing to my most competitive advantages : financial technology.
Contact me for more info. chadpatel at the google of email.
-peace