Very true, because even a phd econ or cfa guys have hard time solving basic equations like basic second order ode, linear alg problem.
If they ran multiple random samples to calculate lapasche or other index, they would have hard time.
This is why even a good fund managers can't even beat s&p500 and other ETFs listed in the market. Not to mention huge ass loads funds have on top of it.
Also they are looking to recruit econ and finance heavy guys who had a career inside the sector that they will cover.






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