35 karma · joined November 20, 2017
I would want my Issue tracker to be deeply integrated with the company's Shared File System and Developer tools so all team members have a place to share their work. The Task page would be a place where all the work done could be shared in a clean way and even serve as a quasi-wiki. Like a Jupyter Notebook, I would love to include Markdown and Code along with attachments, analyses, and opinions. Everything would be included, not just the final relevant pieces. Side-analyses stemming from anomalies and potential issues would be hidden but there for those who need them. If something changed in an attachment like an Excel file, these changes would be reflected. Adding dependencies on files and the information contained within them could be linked so that if Account Manager A changes File B, I know that my work on Ticker 123 is now potentially conflicted.
My Life as a Quant by Emanuel Derman
The Quants by Scott Patterson
A Man for All Markets by Edward O. Thorp
Reminiscences of a Stock Operator by Edwin Lefevre
Flash Boys by Michael Lewis
I appreciated this perspective. My primary motivation for pursuing deep work is due to an insecurity with my current ability to be useful to the economy. If this was validated or I solved the mental part of it, I suspect the anxiety would lessen a bit.
I have no evidence of the scale and diversification of both these, so evidence would be helpful in refuting the above!
1. This Is What I Talk About When I Talk About Running - Haruki Murakami
Murakami talking about his decision to become an author and also his lifelong hobby of running.
2. Let's Explore Diabetes with Owls - David Sedaris
Made me laugh for the first time in awhile.
3. The Myth of Sisyphus - Albert Camus
Absurdity.
A newer quant will be incentivized to create an equity strategy because the data is available and the markets are liquid. Because the equity markets have been automated for so long, a lot of the inefficiencies and arbitrage opportunities have been leveraged. If a user were to come across an opportunity, it would most likely disappear quickly, which then can lead to your strategy hemorrhaging capital.
An alternative would be to secure data feeds and invest time in less heavily traded securities, trading liquidity for reduced competition. This becomes a much scarier idea, because you may not be able to exit your positions if they slide away from you. It would generally be hard to get the right to trade these securities without large amounts of capital or a big name behind you, but this is part of your advantage.
A good note to include is I do this part-time while working full-time and don't think I could simply expand this contract deal flow to fill a full time schedule if I needed to. I also have ruined a relationship early on by not respecting the part-time work enough and slowing down the folk's timeline.
This period of "productivity" taught me a lot. As a lot of folks here are already aware, it is a slow and difficult process to increase the workload one can handle. Temporary support from things like caffeine, sugar, alcohol or drugs can extend these periods making it easy, but over time the effect weakens as you become more familiar with the mental state, making the initial support a crutch. Years later when completing my masters, I found the urge to fall back on some of the habits incredibly appealing during the weeks when I felt stressed and wanted to go on "autopilot". If I look at the future productivity earned from the compound interest of staying up, angry and upset, but still working through the discomfort, then I have had nights that were 10x what that semester in college was, because those nights will yield 100s of hours in the future that I would otherwise not be able to work through.
I began learning a lot about the workflow through cookbooks with dialogue on why specific practices are used. My favorites started small with something like a linear regression model and hit all the major notes up to neural nets. If you go this route, I would pick something published recently so you are starting with the current version and can learn the new features as they are released.
From there I could begin to understand online tutorials on implementing this or that model. This gave me a lot of context on how I could begin testing different ideas and tuning my hyper parameters in my own models.
Someone who is a true pro can take if from here.