true alpha-generation is available to practitioners who creatively combine modern tools — econometrics, mathematics, investment theory, financial accounting, psychology, operations research, and computer science. Fifth, objective discipline is essential in the implementation of strategies. This is not to say subjective judgment is lacking in the world of quantitative management — but it lies in perfecting the comprehensive portfolio system, rather than in comprehending the perfect stock selection.
Think about the investment process as a whole rather than just forecasting
