Can knowing too much about finance hurt your trading?

Discussion in 'Trading' started by a529612, Oct 14, 2007.

  1. Is anyone on this board?
    #21     Oct 15, 2007

  2. yes
    #22     Oct 15, 2007
  3. Perhaps. But quant knowledge that's very product-specific has a half-life on Wall St. Such quants are hot when the product they model is either 1) new and loaded with vig (sellside) or 2) believed to be tradeable with an edge (buyside). But when the product matures or edge disappears the quant is in a pinch -- his specific knowledge is devalued. Nassim talks about this in his first (best?) book, "Dynamic Hedging."
    #23     Oct 16, 2007
  4. I heard Sadists make the best trader. I have heard that the best traders are the guys that really want to stick it to people. That you don't really need to know much but crowd phycology and that actually being really smart will hurt you. The guy that said this traded in the swiss pit in the 1980s dont know where he is now.
    #24     Oct 16, 2007