| Topic Name: |
Quant Analysis vs. Technical Analysis |
| Message Name: |
Those who can, do....those who can't teach... |
| Date Posted: |
05/20/2003 |
| In Reply To: |
...that i mean respect from academics. It seems strange to me that at universities professors scoff at technical analysts, yet they wholeheartedly endorse quants...in fact most good b-schools have quants among the faculty. Isnt a belief that quantative modeling can yield an edge inconsistent with the efficient market hypothesis, which is espoused at most colleges? |
| Message: |
Yes, most academics consider quant analysis superior but why do you care?
If I run a hedge fund that historically has returned 25% annually do you think that my shareholders care whether I am a quant or chartist? NO, at the end of the day trading is about P/L not which tools are used.
How many academics have actually obtained a as a trader or portfolio manager?
Scholes and Merton are arguably two of the most respected quants of all time but look what happened at LTCM...
You need to read Fooled by Randomness by Taleb...
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