(Not a dunk on @HF_Trader or discretionary traders in general. I have a lot of respect for discretionary traders, they are a very important input to a quantitative investment process)
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Was lucky to have traders on my desk at my old fund. Whenever the algo needed a swap executed or someone to work size on an illiquid EM pair. I sometimes wish I’d learned. But now I realize it’s easier to hire an intern and pay them $40k than spend time learning it myself.https://twitter.com/HF_Trader/status/1362935124711514113 …
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Hiring cheap paid interns for core stuff are a great way to make your fund blow up
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Yes good point. Unpaid interns only from now on.
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The first time I experienced a really talented young quant *leaving the nest* we all understood, but I swear it was most painful thing ever. Once you have someone really good doing the modeling & they’re in synch with the desk, there is no higher high than that. Money machine.
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Yep. That why The business model 4 the old boomers always been strategies 2 stunt peeps careers 2 max ROI
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