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People making/exploiting models in firms such as BlackRock, Renaissance, 2Sigmas and so on, know what they're doing. Really.
by d--b 8y ago
People making/exploiting models in firms such as BlackRock, Renaissance, 2Sigmas and so on, know what they're doing. Really.
- AznHisoka 8y agoI don't disagree that there are companies that definitely know what they're doing, but on the other hand, we shouldn't put anyone in the financial industry on a pedestal. After LTCM, and the financial crisis of 2008, I've learned my lesson. Half these guys don't have a clue what they're doing.
- d--b 8y agotrue, that's also why it's kind of refreshing to see a big one stepping back and questioning what they're doing.
- riazrizvi 8y agoDon’t forget LTCM. Very smart.