觀點量化投資

A terrible, horrible, no-good year for quants
量化投資慘淡的一年

Many popular quant strategies are struggling but to varying degrees we are all quants now
許多受歡迎的量化投資策略都在苦苦掙扎,但我們如今在不同程度上都是量化分析師。

The omnishambles in value investing has naturally stirred a lively debate in financial circles. The investment strategy is now on its worst run since the death of Thomas Jefferson. Yet the length and depth of its woes obscure the fact that it is far from the only casualty of the Covid-19 market environment.

價值投資領域的混亂局面自然而然地在金融界引發了一場激烈辯論。這一投資策略目前正遭遇自湯瑪斯•傑弗遜(Thomas Jefferson,見文首照片)去世以來的最糟糕表現。然而,其困境的深度和廣度掩蓋了一個事實,即它遠非新冠時代市場環境的唯一受害者。

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