Investing is all in the data (science) with Tyler Foxworthy and Luke Zhang

The Hoosier Hub Podcast

Recorded January 26th 2023

Continuing our data science theme from last episode, Luke and Tyler are at the cutting edge in using data science to improve our decision-making. We ask Tyler and Luke about the emergence of ChatGPT and why they believe the proliferation of AI will lead to industry consolidation. Tyler and Luke delve into the utility of decision science as it pertains to making investment decisions and position sizing. We also debate the case against relying upon price volatility as a measure of risk and how to use these concepts in a portfolio management context.

Book Recommendations (lots of books mentioned in this one!)

• Austin – All I Want to Know is Where I'm Going to Die So I'll Never Go There: Buffet & Munger by Peter Bevelin

• Austin - The Bond King by Mary Childs

• Tyler - Safe Haven: Investing for Financial Storms by Mark Spitznagel

• Tyler - Fortune's Formula by William Pountstone

• Tyler - The Misbehavior of Markets by Benoit Mandelbrot

• Luke - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Upcoming CFA Society Event March 9th from 6-8pm - Fireside Chat with Mary Childs

Guest Bios

Tyler Foxworthy Tyler is a data scientist, entrepreneur and investor. He has spent his career solving business problems with mathematics and statistics. His AI software-consultancy, Vertex Intelligence, was acquired in 2021. He is now serving as the Chief Scientist at Greenlight Guru, the world's leading medical device technology platform - where he and his team focuses on using AI to help medical device companies create safer, more effective products and improve the overall quality of life.

Luke ZhangAs a "Fresh Off the Boat" kid who came to the United State 12 years ago to pursue a better education, Luke finished top of the his class at Montverde Academy in Florida. During his high school years, Luke won 3 consecutive years of National Mathematics Competition and multiple state and regional titles for programming, science and basketball. After high school, Luke continued his education at Rose-Hulman Institute of Technology as a triple major Computer Science, Software Engineer and Mathematics undergrad.

Upon graduation, Luke decided to start his career at Indianapolis despite plentiful offers from Silicon Valley companies because he believed in the potential growth of Indiana. He led the R&D team at his prior employer, DemandJump, and made significant contributions applying machine learning to digital marketing. During the peak of COVID-19 pandemic, Luke returned to Resultant as a Senior Data Scientist to work side by side with Indiana Governor Holcomb and Indiana Department of Health to apply data science to deal with the unprecedented crisis. He made significant contribution to the Covid project by leading the data science effort. Outside of the Covid project, Luke continues to make huge impact on other clients' projects as well.

During Luke's free time, he continues to invest in himself with continuing education. Luke has taken more than a dozen online courses and earned related certifications. He recently finished his Master's Degree in Computer Science with a specialization in Machine Learning from the Georgia Institute of Technology.

Luke loves to give back to the community. He was selected as one of the elite 19 fellows of Mitch Daniels Leadership Foundation. Luke was also one of the members of Stanley K. Lacy Executive Leadership Series (SKL) - Class XLV to learn more about building up community. Luke promotes Indy as the vice president of the Young Professionals of Central Indiana, acts as Indyfluencer Ambassador for the Indy Chamber’s Life in Indy initiative, Indy Chamber Ambassador and IndyHub City Ambassador. Luke is also passionate about STEM Education, other than being a long term mentor for Nextech, he continues to advocate and volunteer for TechPoint and TechPoint Youth Foundation, serves on United Way of Central Indiana Technology Fund Work Group. Also, he writes columns for the IBJ, volunteers for SecondHelpings, and is a frequent speaker and contributor at Meetup groups like IndyPy, IndyAWS and IndyDataScience.

Luke’s hard work and community engagement have been wildly recognized by the State of Indiana with multiple awards from different organizations and agencies.

Who are the hosts? Austin Crites, CFA: Austin is a past-president and current committee member of CFA Society Indianapolis. Professionally, he is the Chief Investment Officer at Aurora Financial Strategies where he manages US-focused, all-cap, style-agnostic equity strategies as the core of client portfolios. Austin is a 2008 graduate of Marian University in Indianapolis where he is now an adjunct professor in the Byrum School of Business.

Matt Henry, CFA: Matt is a Senior Investment Officer at STAR Wealth Management. He is also a Past President and a director of CFA Society Indianapolis. When he’s not managing porfolios, Matt teaches Finance 300 at Ball State University. He enjoys air conditioning, wi-fi, and the conveniences of indoor living.