QuoteOriginally posted by: Marsden"Do quant strategies add value to the world?"Quant strategies? Yes. Please elaborate.ArthurDent: How does a new programmer not add value? Without them, softwares wouldn't be built. Trading for general goods add value since you're bringing goods from places of higher supply vs demand (i.e. cheap prices), to places with lower supply vs demand (i.e. expensive prices). Physical location obviously matter much less for financial instruments, which is why quant strategies are an exception.I've indeed finished my coursework. The question came about because I started learning more about the industry practices, and the current crisis definitely helped raise those questions.To Cuchlainn: what is famiglia?Anyways, the sense I get is that people are resigned to the reality that quant strategies don't actually add value to the world. So rather than give examples of how quants add value, questions are being raised about the nature of "value" itself. If the definition of "value" is modified, then maybe quant strategies can generate "value". I have said that my definition of value is that doing a good job benefits the rest of human kind as a direct result. Is it really worth it to go into more specifics?
Last edited by dionysius
on November 15th, 2008, 11:00 pm, edited 1 time in total.