Post date: May 6, 2011 9:00:55 PM
Lately, I have been attending many meetings with a lot of sales guys, CEOs, and senior executives trying to sell their models (to be clear, I am talking about Quant Models here !). All of them say, 'Our models are the best on the street !'. Firm ABC says why we are better than XYZ, and XYZ explains why they are better than ABC.
...but The reality is they all are more or less the same. They all use same methodologies, same techniques, even same employees (everyone has a sales guy in their team who used to work with another firm for some time) and everyone has an office in India to run their programs overnight :)
Then what's the difference? There should be a best among all these bests, better than all other bests. I feel newcomers will do better because they are trying to establish a footprint and the one who can cut the cost!