Systematic vs Discretionary
The nice thing about systematic is, if it's done right, the intellectual property in the firm just keeps growing. If you are a fund with discretionary investment strategy and you've got a guy, who through some miracle or another can predict the market, and he leaves, then that's that. That IP is no longer in the firm.
Erich Schlaikjer Ex GS Quantitative Inv.Strategies Group.
I think to be able to program code is a key skill now and in the future, automation will win vs case by case in almost every case. The companies who automate are winning everyhere. There is room to the personal touch but in almost everything to automate is the awy.
That is the reasons why jobs are desapeering slowly.
However, some non automated/systematic companies can also do well if they have a way of doing things and stick to it. Of course this is also a syestematic in nature.
However, some non automated/systematic companies can also do well if they have a way of doing things and stick to it. Of course this is also a syestematic in nature.
Share story
0 comentários: