Quote from makosgu:
Try telling that to the Renaissance Technologies guys. They have about 80 PhDs over there and spend quite a bit of time quantifying imbalances. Few of them can hold a normal conversation but clear a white board and conversation gets markedly interesting. They must be doing something right overthere to be getting in the top 10 tier for returns...
Do you think non-PhDs can't do what they are doing?
And I've never been bordering anything.