Re:Ray Dalio Is Stepping Down from Management at Bridgewater
by Mikeb85 on Wednesday March 01, 2017 @01:24PM
(#13766627)
Given how most 'tech' guys on sites like this think about finance, economics and markets, it's really not surprising. Trading isn't intuitive, there is no math formula that can save you (more like a thousand different formulas that maybe, just maybe can nudge you in one direction or the other), and you can't just throw money at the problem.
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Re:Ray Dalio Is Stepping Down from Management at Bridgewater
by erikig on Wednesday March 01, 2017 @03:07PM
(#13767761)
I beg to differ - nowadays most successful finance (Citdadel, RenCap, Susquehanna etc) are quant-driven and the primary costs are tech/research talent, data and servers - very similar to tech companies.
Re:Ray Dalio Is Stepping Down from Management at Bridgewater
by Mikeb85 on Wednesday March 01, 2017 @04:35PM
(#13768649)
Don't know about quant-driven per se, all do use lots of technology and have large IT staffs, but that doesn't mean tech guys are driving trading strategy. Not much room left for making money off HFT/arbitrage, and while I do know of attempts to trade use AI driven strategy, it's not there yet.
When a tech exec transitions to successfully running a hedge fund, that'd be news.