Quote:
Originally Posted by Turdzilla
Machines make all the trades so there is no human discipline involved. I don't think he would fit into a Brooks Brothers suit.
Money managers hire physicists/mathematicians/CFAs.
And none of them can beat the S&P 500 Index long term. Saying you work at a hedge fund is just an easy out for not being able to beat the market. Because by design, hedge funds arent designed to beat an index.
CFA's are a dime a dozen these days. All you need is programmers and math guys to do the algo's for robo investing. People like Selbst will soon be utterly useless.