This is a summary of links featured on Quantocracy on Saturday, 03/12/2016. To see our most recent links, visit the Quant Mashup. Read on readers!
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Careers in Quantitative Finance [Quant Start]"I'm actually really optimistic about the future of quants. The industry is more technical than ever, and there is as much need to understand the risks in the system as ever." – Robert C. Merton, quoted in "Risk," August 2012 In 1997, when Robert Merton won the Nobel Prize in Economics for his work on the Black-Scholes option pricing formula, the demand in the finance
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Yes, Virginia, the Markets are Mean-Reverting [Throwing Good Money]Heres a stupid system. In fact, I call it the Stupid 10 Days system. You look at the last ten days of trading. If the market at the closing bell is up from the market close of 10 days ago, you buy at the next open. You hold for 10 days, then sell at the next open. A classic momentum play. Wash, rinse, repeat. And remember, you have that uncle who owns a brokerage, so you dont have to