Must-Read: Joshua Brown: The Paradox of Quant

Must-Read: Joshua Brown: The Paradox of Quant:

Once crowded, there are a few choices for practitioners of a given investing discipline…

  • pretend it’s not over
  • adapt and move on to the next thing
  • LEVERAGE UP
  • sell out to a competitor

You will be hearing a lot about the triumph of quant strategies in the hedge fund space, now that almost no one believes in the omniscience of the 90’s era masters anymore. It’s going to be the cool thing to do, Go Algo! You probably want to be selling the picks and shovels here rather than counting on finding an enduring vein of gold as a prospector. Quantopian had the right idea.

August 4, 2016

AUTHORS:

Brad DeLong
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