News for hackers. Stuff that matters.

A comment on The stockmarket is now run by computers, algorithms and passive managers. Parent comment

Re:The stockmarket is now run by computers, algorithms and p... by CoolGuySteve on Monday October 14, 2019 @06:38AM (#21246733)
Cool tagline. But the richest men in this industry are math graduates.
[ Parent | on HN ]
Re:The stockmarket is now run by computers, algorithms and p... by MaximumYComb on Monday October 14, 2019 @06:58AM (#21246868)
No, it's the one who hire the graduates. It's literally what I wrote.
[ Parent | on HN ]
Re:The stockmarket is now run by computers, algorithms and p... by AllanHoustonSt on Monday October 14, 2019 @08:33AM (#21247533)
It sounds like you’d be surprised about how many industry leaders come from STEM backgrounds. If you take a headcount of the partners of all the quant firms that have been profitable over the last ten years, I’m not sure if STEM nerds would be the majority but they’d certainly make up a significant portion.
[ Parent | on HN ]
Re:The stockmarket is now run by computers, algorithms and p... by opportune on Monday October 14, 2019 @01:25PM (#21250611)
I’m pretty sure the Rentech and DE Shaw founders were mathematicians. I’ve heard Simons in particular is stupid good at math and there are apocryphal stories to that effect. Wouldn’t surprise me if other quant funds were also ran by the math-heads themselves as well
[ Parent | on HN ]
Re:The stockmarket is now run by computers, algorithms and p... by gjm11 on Monday October 14, 2019 @03:45PM (#21252028)
No need for apocryphal stories about Simons. See, e.g., https://en.wikipedia.org/wiki/Oswald_Veblen_Prize_in_Geometr....
[ Parent | on HN ]