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"So Ken sees books and backtesting trading strats as useless too?" You think Ken Griffin is reading books on how to make money in the market? Running a success
by JimtheCoder 3y ago
"So Ken sees books and backtesting trading strats as useless too?"
You think Ken Griffin is reading books on how to make money in the market? Running a successful market maker? Maybe, but I doubt it.
I think in the context of his business, he is probably right...
- maxilevi 3y agoNo, but I bet his quants backtest trading strategies. His argument for dismissing LLMs is nonsensical, just because something uses information from the past doesn't mean its useless. In fact, every tool we have can match that criticism in one way or another
- JimtheCoder 3y agoYes, but backtesting does not need an LLM...backtesting has been a thing for many, many years. Also, if you listen to any of his other speeches, or read the article, he does mention that they are using LLMs to port code from one language to another...so, he is not entirely dismissing LLMs.