Life is too short to be taking care of the wrong details - Alexander Stoddard

image_thumb3 The book starts off with the story of Ed Thorp, the father of stat arb. Priceton / Newport partners is a fund that is well known in the quant world that has a great track record of beating the market for decades and the quant behind it is Ed Thorp. If you want to read the entire story with bells and whistles about Ed Thorp, Fortune’s formula is a better book.

The book starts off with the story of Ed Thorp, the father of stat arb. Priceton / Newport partners is a fund that is well known in the quant world that has a great track record of beating the market for decades and the quant behind it is Ed Thorp. If you want to read the entire story with bells and whistles about Ed Thorp, Fortune’s formula is a better book.

It often happens that a player carries out a deep and complicated calculation, but fails to spot something elementary right at the first move - Chess grandmaster Alexander Kotov Trivia : Ironically, Amaranth hedge fund once sent chess sets as year-end gifts, inscribed with the above quotation.

Via Maneesh Sethi’s Tumblr