whiz

At MIT, that preparation paid off when one of the winning Baruch teams watched profits in the foreign-exchange algorithmic-trading round plunge from $200,000 to $100,000—a drop that might have spooked other teams into deploying new code and switching strategies. Instead, members of the team held their course, knowing from the simulations they ran before the competition that their portfolio usually rebounded quickly from such drops if they stuck to the same strategy.

-Akane Otani ‘Sorry, Harvard and Yale, the Trading Whiz Kids Are at Baruch College‘ The Wall Street Journal

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