I walked into our trading room recently only to see one of our traders leaning back in his chair reading Trader magazine. It was the middle of the trading day.
“Trading void? Do you need something to do?” I was referring to the low volume trading days we’ve been witnessing.
“I’ve got the algos working. I could go high-touch and f*ck everything up, if you want.”
“No, that’s OK. Keep up the good work.”
Smartass trader. I suppose I had that one coming, though.
[continue reading…]
In the past, I’ve pointed out the academic research that explores the value of an “elite” or “target” university degree. To review, there are two key takeaways:
- The “elite” or “target” school degree can help you get your foot in the door. Put simply, it can help you break in.
- Once you are in, job performance is what matters. The value of the “elite” college degree disappears.
So, what exactly does job performance entail in the investment management business?
It’s all about alpha.
[continue reading…]
I walked into our trading room recently only to see one of our traders leaning back in his chair reading Trader magazine. It was the middle of the trading day.
