Jay Matthews

Definition: Quantitative investing proceeds by assembling, cleaning, and pooling vast amounts of data on prices, deals, valuations, etc. Advanced techniques are applied to study patterns of growth, failure, value evolution, and performance. Deep statistical insights can be teased out of data. The best systems learn and adjust their accuracy over... See more

The aim is to test the hypothesis and fail early, because it’s significantly cheaper and more efficient to make potential errors and test in prototyping than in a live solution.

Proposition 4. Because attempts to control and coordinate activities in institutionalized organizations lead to conflicts and loss of legitimacy, elements of structure are decoupled from activities and from each other.

On Hiring: look for these 4 qualities, the rest can be taught

1. Very deep love for learning: love learning and will do it for free, being intellectually curious


2. Incredible work ethic: can test for this


3. Investing is an EQ business not an IQ business, about mental flexibility: persistence and grit: beaten down and pucked in the face, seen hardship, come

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“Most people, if they do something that they feel is important, they want to keep at it, to maintain ownership. When I have an idea that’s successful and popular, that to me is a signal that my work is done. My style is to try to do something important and then abandon it and do something else.”

The march of the world is leading toward collectivity