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There are people who believe that "technical analysis" works. I believe in semi efficient markets and do not believe technical analysis works, especially at sc
by wtvanhest 10y ago
There are people who believe that "technical analysis" works. I believe in semi efficient markets and do not believe technical analysis works, especially at scale.
I think that quantitative analysis can work in rare casis and generate alpha, but i do not believe that i can predict those cases or generate that alpha myself.
- SirLJ 10y agoTechnical analysis is a bit of a voodoo for me as well, but quantitative analysis works indeed, you just need to spend the time and work on it (as with any other skill in life)
- wtvanhest 10y agoIt does until it doesnt. There are very few quant funds that have figured out how to navigate a rapidly changing economic environment. The problem with quant is that it is backward looking. When the market changes most quantitative funds do not have a good method of accounting for the change. They do not properly account for conditioning information and they end up completely hammered. I am confident that there are people who have at least partially figured out how to invest this way, but i believe it is very, very few. Like less than 10 funds/people on earth.