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by deepnotderp 2387 days ago
Two Sigma has an entire team devoted to alternative data collection, with much worse results. Alternative data isn't as useful as you think- short term truth is only one variable in market prices.
1 comments

I’m not saying they have access to a single magical data source. Rather, they’re very good at identifying when a source of data is valuable to them, and milking it until it runs dry.
That doesn't match what I've heard nor what their hiring patterns show.