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From Facebook to Quants -- The Top Quotes of the Week

It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
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6. Power to the People

The reason I did quant [trading] is that I didn't trust human judgment, including my own. Relating the data to the [trading] outcomes made a lot of sense, but now that's a tough, tough game, with too many people and too much access to the data.

— Former Goldman executive Robert C. Jones

Source: Wall Street Journal

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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