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Quantitative Researcher (Systematic Equity)

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Joined December 2021
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I often criticized Lindsey Graham. But this weekend, I learned his full story: - Orphaned young, he adopted & raised his little sister instead of letting her go into the system. - Grew up dirt poor, racking balls in his parents’ pool hall. - In search of opportunity, he joined the Air Force. Served 33 years. Retired a Colonel. - Then spent decades in Congress, earning respect across the aisle. - Bashed Trump hard in ~2016, then respected the will of the voters, and grew to become a loyal ally. - Humble. Devoted to his constituents. - Driven by patriotism (even when misguided). Never in it for the money. Could've cashed in any time like most of his colleagues. - That Disney trip everyone mocked? Just a good uncle taking his beloved nieces. He smiled through (and ignored) the hate to protect his family. RIP to a self-made American original.
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Replying to @DearS_o_n
Pharma. Food industry. Schools. Banking system. Marriage. Taxation. Luxury. “Independent” media. “Non-governmental” organizations. Cities. Countries. Reality itself.
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If you’re a guy in your 20’s, Max out your math skills.
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Your brain doesn’t need creatine, it needs constant exposure to: - Statistics - Linear Algebra - Game Theory - Differential Equations - Thermodynamics - Derivatives - Quantitative Research Thank me later.
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Clavicular seems like a smart guy -- by age 30 he'll realize he forgot to include social class in his first-principles life model. Unfortunately by then it will be too late.
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This book is a solid introduction to momentum strategies. It's targeted at equities but the principles of momentum translate to virtually any asset class. Highly recommend.
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Institutional portfolio evaluation emphasizes return quality, not quantity. Key considerations: – Volatility-adjusted return – Alpha vs. beta attribution – Tail exposure – Robustness to regime shifts – Drawdown frequency and depth
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For every 10,000 struggling TA traders who are meditating, working out, and "finding consistency", there's an overweight portfolio manager in an NYC skyscraper snacking on Mc-nuggets smoking cigarettes' and banging 7 figure bonuses.
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The most damaging kind of content you can consume is that which causes you to fantasize about the trappings of wealth. The work that is going to generate such wealth is likely solitary, monastic, and requires extreme mastery over your pleasure sensors - the opposite of what that type of content is wiring your brain for. All those reels with cars, watches, stacks of cash etc is a form of masturbation that will only subconsciously violate your willingness to take on long boring high leverage tasks.
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- Goes on date - Tells girl "I'm a math PhD" - Girl tests you with a random mental math question - "uhmmm ahhhh" - Grind mental math you pussy
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Interview Prep Hack: Carry a probability puzzle book with you at all times. Throw it in your bag. Whenever you're bored, work through a puzzle. A great way to get those reps in.
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This is a very good probability puzzle book. I must say that the puzzles in here will be much tougher than most interview questions so if you crank some of these bad boys out - you'll be in excellent shape.
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Guide on how to break into quant from a non-target school. ntquant.substack.com/p/zero-…
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I highly recommend taking a course in combinatorial and convex optimization. You will suddenly notice an endless number of problems that you can solve.
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Many institutional investors are fickle and chase managers following recent out-performance. As such they follow a "momentum" strategy when selecting hedge funds. This in of itself generates a variety of inefficiencies.
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OG quants (ex physicists, aerospace engineers, CFD specialists) oftentimes write better code than CS majors. Reason being, they grew up in an era where C++ was a research language.
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in exchange for getting laid a lot in college, business and finance majors are cursed with a 300k median salary and a 80hr workweek doing VLOOKUPs
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All financial freedom content is designed to appeal to lazy underachievers. Ever wondered why they all shit on school? It's because anyone who did well in school is likely making too much money to be concerned with their fruitless hustles masked as careers.
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You want to write a test case that compares f(x) against g(x), more specifically that they are equal. But you are not allowed to use "==" What do you do instead?
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One of the blessings of being a quant is that you own most of your code-base. Hedge funds have such low head-count at most you have to collab with 2 other devs. This means you can structure your code for lighting fast dev cycles rather than some schmuck's notion of design elegance.
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