Nobody's saying that alpha doesn't exist. But before you unleash your automated proprietary model, you should be able to explain why you think you have any edg

Nobody's saying that alpha doesn't exist. But before you unleash your automated proprietary model, you should be able to explain why you think you have any edge whatsoever over your far better funded, far more experienced counterparties. And, no, getting great results from backtesting your model is not evidence of edge in the future against adversaries with access to better data than you have.