My Quant Buddy Used a 1957 Computer System to Show Me Market Action into 2020
Six years or so ago, I found myself driving onto the grounds of a posh Long Island golf and tennis club to meet with a very interesting man…
The new guy was a quantitative analyst – a "quant" – who did deep dives into market data to find actionable patterns and ways to make money. Quants are kind of like the rocket scientists of the market.
My hedge fund partners and I had been following his work for a while, and we were interested enough to see whether he'd do some contract work for the fund or maybe even come aboard if the fit was right.
He was excited to show me some notes he had on the market.
And I was deeply impressed with the moneymaking potential I saw on the paper – even if I was a little shocked by how he came by these notes…