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there are a whole lot of people losing money in the markets while knowing all about prior art and terminology. There is a good reason successful hedge funds l
by andyxor 5y ago
there are a whole lot of people losing money in the markets while knowing all about prior art and terminology.
There is a good reason successful hedge funds like RenTech are not hiring finance people but mathematicians who have no idea about "mean reversion" and other pseudo-scientific terms.
- Grustaf 5y agoQuant funds hire theoretical physicists and mathematicians because it’s the math part in “financial mathematics” that is hard, it’s just easier to teach a mathematician finance and Python/C++, than taking an average finance major or developer. It’s definitely not the case that they want people to reinvent the wheel. Options pricing for example is a Nobel prize winning discovery.