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My point was that a quant manager can at least point to a strategy that's been backtested. The non-quant manager, who doesn't have a method, can't point to any
by soniman 7y ago
My point was that a quant manager can at least point to a strategy that's been backtested. The non-quant manager, who doesn't have a method, can't point to any test of his method. I agree with you that there are talented non-quant managers, I just think it would be hard to measure and identify who they are other than by the eyeball test.
- hogFeast 7y agoAll backtesting proves is that you have discovered a technique that worked in the past. Unless you have a time machine, that isn't very useful. The competitive advantage in quant and non-quant is identical, it is only the tools that are different. It isn't hard. As I said, the first thing you have to understand is that 99% of managers cannot outperform and are not trying to.
- deleted 7y ago[deleted]