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JUL 17, 2014 3:10pm ET

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Data isn’t Everything

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Over the past 30 years, and increasingly the last 10 years, we have seen the rise of the quants, which Felix Salmon defined in his article "Why Quants Dont Know Everything" as people whose native tongue is numbers and algorithms and systems rather than personal relationships or human intuition. They find numerical patterns or invent ingenious algorithms that increase profits or solve problems in ways that no amount of subjective experience can match.

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