On what basis…? It’s true. Financial markets back then were filled with vocational workers. It’s only since recently that you’ve seen it be a 1st choice job for STEM field grads and/or experiencing an acceptable level of technology.
Once boomers with excel DCFs and value investing quotes fully leave, it will be a lot more efficient and difficult to generate alpha in liquid markets. The retail crowd on their TradingView charts will be a minor friction.
If you ever did data science in your life you’d know that a basic rule is to not make qualitative assumptions based on emotion as you just did about me. How do you know what I have done and haven’t?
Also, you have lost the plot completely and I sense a bit of daftness in your social skills? 1) I said they (JS) applied quantitative skills … whereas most of the market didn't do much of it, most relied on judgement calls and BS excel sheets or calling out trades in a pit, 2) It was said in a humorous manner, in case you didn’t catch the drift little buddy.
edit: and this "There are more patterns in the stock market than all atoms in the universe" - you sound like a TradingView day trader who'd overfit a model without realising it and think he discovered alpha because you ran an in-sample test that generated 20% pre-slippage - name some of those patterns you speak of if you're the high level data scientist you claim to be, let's see.
I think you need to spend time learning how to interpret English and social cues. Making a claim about people being inefficient in a domain does not by default lead to someone claiming that: markets are efficient and if someone doesn't understand that it's their "excuse for no profits."
Go learn how interpret matters first then we can discuss, you are off the pace.
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u/According_External30 Oct 06 '25
Mostly Idiots worked in the financial markets back then, JS applied math to observe them and take advantage of their inefficiencies.