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How Excited Are People in Finance About the Prospects of a I?
Historically, the discretionary portfolio manager used human intuition to both trade and make investments. But quantitative fund managers want what they call rules based investing. So if a stock goes up three days in a row, then it will probably go up for a fourth day in a row. Or if it goes up four days in a Row, odds are that w'll fall for a fifth day. Find the rules quicker than everybody else, systematize them, then you can bas you orto make the investment process. And essentially, it's a bit like having an electric sor rather than an old fashioned sor.