How Quants Think and What They Worry About

Delaney: The next four episodes are really designed to try to get into some of the major components of how a quant actually works in their day-to-day. We'll talk about what's known as alpha factors and Alpha factors is the idea of by valuing everything in the tradable universe, can I produce a ranking of things based on their future values? That produces a trading strategy which has alpha And if you if you don't understand what that means unfortunately There's not really a greater way to explain it without really getting into it So you'll have to wait until that episode and then we'll have an episode on how well in reality Quants really don't trust any individual alpha