Why Math-Minded Folks?O
I've noticed that many traders have quantitative backgrounds, such as undergrad or grad degrees in math, physics, etc. I'm just curious why math skills are more helpful in trading than other areas of finance? My guess is, traders aren't taking derivatives, finding determinants, inverting matrices, proving fixed point theorems, or using homotopies. So why do employees like math-minded traders? I suspect some people will answer, "because math teaches you how to think." While I agree with that statement, it doesn't help me understand why math backgrounds are more helpful for trading, since if it was just about learning how to think, one should imagine that plenty of IBs, VCs, etc would also love math people; but it seems that it's much more helpful in trading than other areas of finance.