Tuesday, May 23, 2017

If only the inverse were true......




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The quant funds do less of that. The computers abstract out most of the human drama and just quietly go about picking stocks. Their understanding of human behavior is statistical, not personal; they don't befriend corporate executives on the golf course to pump them for information, but they do notice that executives with low golf handicaps tend to produce lower stock returns

-Matt Levine, as borrowed from this post

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