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That’s OP’s point: if this were truly predictive then you would just go raise a few billion dollars and quietly implement this strategy…you wouldn’t write a pap
by qeternity 5y ago
That’s OP’s point: if this were truly predictive then you would just go raise a few billion dollars and quietly implement this strategy…you wouldn’t write a paper about it.
The fact that we’re reading about a paper, and not a headline about a wildly successful systematic fund, suggests this isn’t all that valuable.
- not-elite 5y agoYou're probably correct in this case, but not in general. The authors of [1] could have quietly run a money printer but elected to seek reforms instead. [1] https://online.wsj.com/public/resources/documents/1029sechft.pdf https://online.wsj.com/public/resources/documents/1029sechft...
- danielmarkbruce 5y agoi don't think that's right. People were already using the information quickly weren't they?