Good Quant, Bad Quant

MarketWatch’s Paul Farrell recently offered up a scathing critique of “quants”, complete with this eye-catching subhead: “By Predicting Your Behavior, Quants Control Your Mind, Money, the Markets”. Since I run what could be considered “quantitative strategies” both on my web site, Validea.com, and in my money management business, I was interested to see what Farrell had to say about quants and their impact on the market. To be sure, quants play a big role on Wall Street, and they no doubt played a role in the recent crisis. Farrell references a very interesting article in Wired magazine, for example, that […]