L3VLUP
Sources

Film

Moneyball

2011 · 2011

A statistical process beating a much better funded scouting one. The argument generalises straight into quant investing, and into how firms increasingly screen the candidates they hire.

1 idea from this film

  • FrameworkInvesting

    A cheap measurable signal beats an expensive intuitive one at scale

    The market misprices what is hard to measure, so a consistent cheap signal can beat an expensive expert.

    Quant interviews, any debate about discretionary against systematic investing, and understanding how you yourself are being assessed in recruiting.