>The difference between me, my Python scripts, and a hedge-fund quant isn’t insight - it’s scale.
This is not doing the profession of quant trading any justice. The author's experiments scratched the surface of approaches that were relevant decades ago, and although I wouldn't say any of this is incorrect in its details, it kind of fails to actually explain what a "quant" actually does. Like, stepping away from this article, it is not clear what would differentiate a quant from an algotrader, which seems like the whole point of this post.
Just seems like a swing and a miss. I've read too many articles about algotrading to just not see the same exact content again.
1. It can be done. Read the Market Wizards books and you'll see.
2. Whatever your approach, you will be forced to leave no stone unturned. Each assumption you make, up to the most tiny and innocent-looking one, will eventually have to be understood and tested.
3. This is the most exciting and meaningful (professional) adventure I've had. The beauty of the thing is this: whatever shit capitalism has born, it's brought along the means to transcend it. You beat the Machine mechanically.
To whoever embarks on this path in all seriousness, I wish we meet on the other side. Good luck.