111: David Bush – Strategy Objectives, Statistical Significance, and Market Behavior
Chat With Traders
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The Importance of Simple Rules in Financial Models
I was influenced by their emphasis on simplicity. That has served me well because the thing about complexity is what ends up happening if you're in all power to those who can have really, really complex,. maybe convolution is not the right word, but ornate code and complex rules. If you're overly specific, overly complex, you're probably going to just break apart in the future. It's going to come unglued because it was just too brittle. Think of it, imagine a ledge above a thousand foot precipice that you can walk successfully. Boy, that would have been great in the past if you had used that parameters. Then you can step one parameter to the right,
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