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Odds on Open

Everything we have picked from this writer, newest first.

16 picks Visit Odds on Open

careers

The rarest people at a trading firm.

Trading firms prize rare combinations of market instinct, technical skill and disciplined risk-taking.

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markets

Tom Costello: everyone in quant finance is a genius.

Tom Costello says everyone in quant finance is a genius.

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ai

Ex-Balyasny PM: Quant is like Blackjack, Fundamental is like Poker

Ying Hua explains how multi-manager hedge funds combine systematic position sizing, alternative data and discretionary judgment to generate equity…

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crypto

Tom Costello: Sam Bankman-Fried would’ve never been hired at a hedge fund

Tom Costello says Sam Bankman-Fried would never have been hired at a hedge fund.

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derivatives

~100% Returns in 2025, No Losing Year Since 2008: Erik Smolinski on Edge for Retail Trader Edge

Erik Smolinski reports nearly 100% returns in 2025 and no losing year since 2008, using volatility risk premia, sector rotation and options…

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alpha

Ex-Citadel PM: All Hedge Fund Failures Are Because of One Reason - Rich Falk Wallace

Rich Falk-Wallace says hedge fund failures stem from flawed portfolio construction and risk leakage, not weak fundamental research.

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ai

Ex-Two Sigma Quant: Why You Should Bet Against Conviction

Former Two Sigma quant Omer Cedar explains how systematic funds turn discretionary signals and crowded consensus into alpha.

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ai

Ex-Citadel Quant on Trading the Most Asymmetric Market - Neel Somani

Neel Somani explains how grid congestion, weather and outages create asymmetric power trades, then links AI data-center demand to infrastructure…

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hedge funds

LTCM Co-founder Victor Hagani: “Taking Risk Is Always a Negative.”

Victor Haghani argues position sizing and variance control matter more than asset selection for compounding wealth.

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allocators

Why Apathy From Allocators Is Worse Than a Hard No

Allocator indifference signals a failed pitch before a formal rejection arrives.

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asset management

Quant Fund Partner on Why Hedge Funds Fail at Branding

Quant fund partner Duane separates marketing, branding and sales, arguing that a strong brand makes capital raising easier before the first meeting.

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elections

Why Prediction Markets Work Best With Binary Outcomes

Prediction markets work best for binary events such as elections, while S&P 500 bets are better expressed through direct trading of the underlying…

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ai

⁠Ex-Third Point Data Scientist: “AI Agents Are Encoding PM Workflows”

AI agents are encoding hedge-fund workflows including earnings previews, narrative tracking and alternative-data synthesis.

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expected value

How Andrew Checks If a Trade Still Works When He's Wrong

Andrew Courtney stress-tests prediction market trades by assuming his model is wrong and recalculating expected value after fees and spread.

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electronic trading

Why Electronic Trading Was a Better Fit Than the Trading Floor

Andrew Courtney explains why electronic trading and the upstairs office suited him better than floor trading and the pit.

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gambling

Prediction Markets Need to Be More Than Just Gambling

Prediction markets can provide news context and insurance-style risk transfer rather than just a venue for quick-money gambling.

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