nniihilsupernum
everyone writing abt the early august 2007 quant crisis is like “weeeellll, there were just too many shitty knockoffs of good quant funds, and the good ones didnt realize, so too many people did the same thing, and that was bad”
like
a) no shit
b) that is like, no information
c) that is not the interesting part holy shit the interesting part is the everything became magically fine on the tenth after the like sixth to ninth being terrible and What
worldoptimization
is it that weird that everything became magically fine on the tenth?
like, given that the price movements in assets held by the quant funds were driven by a liquidity crisis rather than anything to do with fundamental value, you’d expect them to rebound right