The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ober: Fundamental funds need more data per company than quantitative funds
“So it's interesting because when you move from quantitative to fundamental, the amount of data that's relevant is, you know, Enormous on the fundamental side, because you're really diving into these single names.”
Ober: Quant funds require two years of backtestable daily data before purchasing
“If you're going to sell to a quantitative hedge fund, anything less than two years of daily data that's really been stored point in time that you can really back test is really going to be tough to make that ten million dollar sale.”
Ober: Simpler financial models outperform complex machine learning over time
“Going back to the very basics, you kind of find that, like, the simpler it is, the better it actually performs over time, if you're not trading at this higher frequency.”
Ober: Fundamental funds prioritize good communicators over the smartest PhDs
“We may not need the smartest PhD within a fundamental shop because we have to be able to explain and understand what they're doing and really talk their language whereas a quantitative hedge fund, there's more opportunity to maybe work on your own and not have…”
Ober: Shared alternative datasets increase stock volatility around corporate earnings
“Yeah, I think it brings more volatility into, you know, events, earnings, especially for firms that are trading around these events, where everybody's looking at the same credit card data.”
Ober: Fundamental investors treat alternative data as one input, unlike quant funds
“Using this data is very different from a quant fund who's placing lots of trades, both long and short at the same time. Whereas an activist or long-term investor might look at this as just, ah, another input into their longer investment approach.”