A longtime friend and authoritarian influence on large assets reacts to the increasing academic influence of bloodless machines in portfolio construction. He sent it to me knowing my role in the revolution knowing I meant more the money saving mechanical side than decision making. And furthermore he knows my suspicion that today we may remain in a transition of cross-currents when anything comes and goes without any durable implications.
Satirical Observation on the Quant Revolution in Investment Selection: Previously Known as Data Mining
- by sgage