Title says it all - what do you guys think is the average and median IQ in Hedge Funds? Fundamental vs Quant? Do you think PE is meaningfully different?
This thread is purely for speculation. Obviously at the end of the day, the only number that matters is returns.
And before someone says it - yes, I know the Buffett quote about an iq over 120 being wasted
EDIT: It’s funny that I’m getting a lot of MS - I am not/do not intend/ing for this thread to be educational... I fully acknowledge that it is a tenuous correlation to returns at best and at worst, completely irrelevant ... this is purely me shooting a question onto the Internet to the group of speculators that would be most informed to opine
What’s the quote
Easily googleable - not a straightforward quote but basically that you don’t need to be a rocket scientist, that investing is not a game where the guy with the 160 iq beats the guy with the 130 iq, and that anything over 120 is wasted
I mean you assume top HF guys have been some of the top kids from top IB groups or MF PE Analyst programs meaning mostly top of the class at mostly top universities and probably have top test scores and top problem solving and critical thinking abilities... I'd say 130-140. At a certain point, it's work ethic over raw brainpower, but in this case I'd guess the bar is about 130, which is about 97th percentile. So I guess the Buffett quote still only applies to a very low percentage of people.
Not every hedge fund runs fundamental equity long short lol
You're right. That was very prospect of me
Don’t need to be a genius. It’s more about sound and objective thought process
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