4 ms·
"The funniest thing is that investment banks hire based on GPA even though there is zero correlation between GPA and alpha, and alpha is 100% of your job perfor
by papersmith 20y ago
"The funniest thing is that investment banks hire based on GPA even though there is zero correlation between GPA and alpha, and alpha is 100% of your job performance. "
No wonder so many high profile mutual funds can't even beat the index.