I wonder how fun being a modern quant really is. It seems like one of those things that sounds more fun in your head, but the reality is different. Kinda like "studying physics", going pro in a sport, or becoming a rockstar. People see the end result and don't see how much work it takes to get there or what the day to day is really like
Kind of reads 25 people's stories about "How I became a parasite". Why not create new things, instead of making a career out of leeching the wealth created by others?
Quant trading/research is one of those very, very niche fields that you likely only know about if you're:
A) A finance or STEM student at a fairly prestigious university, close to a major financial hub.
B) Belong to a certain social class where high finance is a known and respected field.
Of course, it has become more mainstream - simply due to the high comp, and high comp jobs eventually finding their way to lists with mainstream audience.
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[ 3.0 ms ] story [ 22.2 ms ] threadMUCH has changed since then.
Clearly these include:
Cliff Asness (AQR is huge, lots of publications)
Ronald Kahn (early pioneer, standard book, successful ex. BGI people everywhere)
Neill Chriss (Almgren-Chriss)
Pete Muller (famous stat arb pioneer, PDT still going strong)
Not sure who I’ve overlooked.
A) A finance or STEM student at a fairly prestigious university, close to a major financial hub.
B) Belong to a certain social class where high finance is a known and respected field.
Of course, it has become more mainstream - simply due to the high comp, and high comp jobs eventually finding their way to lists with mainstream audience.