birdwatcher (birdwatcher) wrote,
birdwatcher
birdwatcher

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Фалькенстайн про Ренессанс

http://falkenblog.blogspot.com/2010/03/renaissances-medallion-fund.html
I hear they don't hire many economists, and instead prefer PhDs in Math, computer science, etc. This could be a slam on economists, in that we aren't as bright as these guys, or it could be our framework has been poisened by modern econometrics. However, it could be economist's are savvy enough to see the essence of the alpha, and so would be a bigger threat via leaving and starting a competitor, whereas the math PhDs are too focused on the little issues to grasp the bigger picture.
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