how can you scrape pricing data? not every data in this is on public domain, otherwise there would be no Bloombergs, CapitalIQs selling data for millions(sure they're overrated and overpriced but still!). Or in other words, if he is right - he can sell data and make millions. no need of looking for an investment strategy. just my skeptical side saying :)
you need clean data to accurately test ideas. for instance getting tick data is quite expensive. most universities have free access to Bloomberg, CapitalIQ etc. datasets the reason professors can test and also the reason some smart guys in the industry work for university on the side
1. He’s a profitable trader at a tier 1 firm who has the spare time to not only develop a series of algorithms based on 130 research papers, but also sufficiently backtest them in 7 months?
2. He said he looked at the past 8 years of papers, but refers to multiple models correctly predicting the 2008 financial crisis.
3. Where are the code samples?
Edit:
Lol, just realized his medium post ends with a crypto scam.
* Read and understand paper
* Find and download appropriate input data
* Code paper model and validate (he said he wrote his own code)
I can see myself being able to do this for ONE paper in maybe a week. He claims he was doing 1-2 of these per day. Wow. So either there is some exaggeration on his part, or he is a total wizard in his field.
To make that claim for a single paper I would 1. have to be able to reproduce their p-value, and 2. spend enough time with the model to understand how/what assumptions were unfairly tweaked to get to that p-value.
Just running your own implementation of a model on your own dataset and getting an insignificant or different p-value is not enough. You might just have implemented the model wrongly.
typical hedge fund spends millions of dollars in order to build such frameworks and buying datasets, sure most academic papers fail if you replicate but the framework and datasets are very valuable because you can eventually find something on your own or an improvement on existing ideas if you keep trying hard enough + there are other sources of ideas like quant research from brokers, ideas from platforms like quantopian etc. but yea in general if you have an outstanding idea that works - you would have very less or no incentive to publish it. why would jim simons have his researchers publish anything when they can make money for him all day long everyday ... just my 2 cents.