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Particularly when these analytical advantages may compound over time rather than dissipate. For instance, suppose a firm was exceptionally good at pairing worl
by clausok 8y ago
Particularly when these analytical advantages may compound over time rather than dissipate. For instance, suppose a firm was exceptionally good at pairing world-class mathematicians with a team of mathematically-exceptional programmers who could reconceptualize the math wizard's insights as financial time series models and steer them towards areas of applicability. Now, when the next world-class mathematician comes to the office on a recruiting trip, he recognizes a higher expected value & better colleagues, joins, and the engine gets more repetitions with which to improve itself.