The Role of Skill & Breadth in Quant Investing

Most investors are aware that securities prices are hard to predict (if it were easy, we’d all be on a beach).

This extreme difficulty is due to the complex interactions between the vast number of investors each day, who as market participants, push prices either up or down through their purchases and sales (influenced by countless factors).

The result is a securities price that looks, and behaves, quite randomly.

Almost like a coin toss.

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