A quant trading question I’ve never found a good answer to — how to decide between spending time improving an existing strategy (high certainty, low return on effort) vs starting something entirely new (uncertain but potentially high return on effort).
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I hope to be able to do the latter.
My hunch is having a different framework/approach can create more truly uncorrelated strategies, because there are only so many ways to slice and dice using an existing framework.
Yeah I’m talking about the latter. Applying same framework to a new universe is generally (though not always) much lower effort.
