>>13607669True, but I
base.my experience on the people I knew from the buy-side as well.
A lot of them were obviously "smart" but I never met a single "genius" and they all followed the same story of their PhD thesis having had zero impact and their academia research having been terrible.
They would unironically get all excited about typical software stuff as if it was exotic (it was for them because their background was more mathemtical, like me). Talking about python libs and basic machine learning shit and time series models as if they were mega hacking techniques.
Literally just read stuff on algo trading and you'll see the mathematical level is very low, itt mostly basic time series statistics or machine learning coupled with basic programming. But the guys doing it like to create an aura about it as if it was magical.
I believe it's mostly about having good intuition on certain events and short timed market dynamics, the computer is just there to systematize your thoughts, there's no real math in algo trading, imo.
And that's why 90% of wuant hedge funds go bankrupt in two years.
