Seven Deadly Sins of Quantitative Analysts | from Quandl
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Transcript of Seven Deadly Sins of Quantitative Analysts | from Quandl
SOONER OR LATER, EVERY QUANT IS TEMPTED BY FORBIDDEN FRUIT.
THESE ALL-TOO-HUMAN TRAITS CAN PERMEATE EVEN THE MOST SOPHISTICATED ANALYSIS.
KEEP THESE TIPS IN MIND AS YOU DEVELOP STRATEGIES, AND YOU
JUST MAY TURN VICE INTO VIRTUE.
Do not overfit your model.Stay lean and parsimonious.
#7DEADLYSINSOFQUANTS
Do not extend your model beyond its natural scope.Stick to what you know.
#7DEADLYSINSOFQUANTS
You will be tempted to iterate onout-of-sample data. Don’t do it.
#7DEADLYSINSOFQUANTS
If you are lazy or sloppy with your data, you will fail.
#7DEADLYSINSOFQUANTS
Never get emotional. All models eventually fail. Recognize failure, and
react rationally.
#7DEADLYSINSOFQUANTS
To be like the best, emulate their rigor and discipline; not their models.
Copycats fail.
#7DEADLYSINSOFQUANTS
The market knows more than you and always will.Forget this truth at your peril.
#7DEADLYSINSOFQUANTS
Printable pdf available:
https://www.quandl.com/blog/7-deadly-sins-of-a-quant
https://www.quandl.com/blog/7-deadly-sins-of-a-quant
#7DEADLYSINSOFQUANTS
