I've also been thinking on hiring students / recent graduates. One problem is that by my own, I'd only be having money to pay them for part time work. But the main challenge is finding people who are not doing this for the money in their hand now but for the end goal: money they're getting when and if they beat the market. The fact that in order to do that they also need significant competence / analytical credentials adds further strain to the already almost impossible challenge of finding them.
I live in Cluj (scoring for "even better", right?
). Currently do some teaching at the Babeș-Bolyai University as part of the math PhD I'm doing here and probably the most profitable result I could extract from this situation is recruiting one or a few students for quant research.
And yes, I could mentor them into what I know. But after putting more than 10 years of effort into this field, I don't really have an expiration date like startups / businesses do. I'll continue to invest time and work as long as it takes until I'm breaking through and become profitable. If I involve others, apart from chances of them being just the regular "fu** you, pay me" type, once I'm not paying them anymore or worse, competition pays them better, they're out. A lot worse since they're out with whatever competitive advantage I managed to build, pushing through ignorance, discouragement and plain hostility from the environment surrounding me.
That's why my idea of *working together* with someone already skilled and involved in this like myself.