May 6, 2014
The White Swan’s «… Quants …» AND «… Qualts …» by Mr. Andres Agostini at http://lifeboat.com/blog/2014/04/white-swan
Posted by Andres Agostini in category: futurism
The White Swan’s «… Quants …» AND «… Qualts …» by Mr. Andres Agostini at https://lifeboat.com/blog/2014/04/white-swan
What is a Quant?
A quant is brand of industrial scientist and engineers who applies mathematical model of uncertainty to financial and/or socioeconomic data and complex financial instruments. And a person who also studies the flaws and the limits of these models, understanding that there is a point of breakdown …. A quant has a combined background of applied mathematics, engineering and statistics. A quant spreads the usage of artificial intelligence in today’s markets …. Whether he or she acknowledges it or not, the quant is extremely AWARE of the many critical short-comings of many quantitative strategies (as he is never interested in qualitative analytics), such as their tendency to lead to crowded trades and their underestimation of the likelihood of chaotic, volatile moves in the markets …. Along with Central Bank chairpersons and world’s finance ministers, quants are the first ones to “…elicit…” that the global economy is being “ …affected…” by “ …systemic risks…”, that systemic risk turbo-charged by several corrupted politicians, manipulative economists and beautiful quants that never understand what the tangible corporate theater of operations is.