Re: Why are value investor types so rigidly opposed to TA?
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yet some great hedge funds use TA and are killing it (here you have to include quantitative strategies as TA since they are based on arguably non- fundamentel factors) ... i.e. renaissance, shaw etc.
it doesn't take mathematicians to do fundamental analysis but simons only hires the absolute creme de la creme from the math/stat world (for the most part he doesn't even look at US PhDs...which says something about our education in that subject). so i think he's pretty much a TA type, but again, goes back to wtf is TA???
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While in some places there is a tenuous relationship between quant and TA, it is in their practice that they tend to be quite different and partially explains why TA is an easy target. How much TA have you seen that is tested with any scientific rigor? To compare the overwhelming majority of TA participants to RenTech is to compare top modern physicians to ancient blood letters.
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