I can't explain it fully, but I have great respect for this line:
"... it’s not the “best” graduates that join the firm. They are not the students who did the best research work, but the ones with shortest attention span, curiosity, and occasionally aimlessness."
Is the part about returns being chaotic or creating strange attractors a fancier version of trying to use mean reversion strategies for everything? Anyways, great review!
I can't explain it fully, but I have great respect for this line:
"... it’s not the “best” graduates that join the firm. They are not the students who did the best research work, but the ones with shortest attention span, curiosity, and occasionally aimlessness."
Love reading accounts like this and had never really even heard about The Predictors. Thanks for sharing Gappy.
wonderful. Just discovered this substack.
Nice piece. Thanks
Lovely reading, gappy! 👌🙏
Is the part about returns being chaotic or creating strange attractors a fancier version of trying to use mean reversion strategies for everything? Anyways, great review!