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Quant Investing
I want to drill in on a point you mentioned, which was this idea you can't use the same metric within different sectors. Keep in mind that all factors n don't let anybody tell you otherwise. And by being sort of sector specific in your definition of a factor, all you're really trying to do is get a little bit more signal in a sea of noise. So does we go down to the security level? Absolutely not. Even in our best day, if we're right 55 % of the time, we're probably really, really lucky.