It’s the same except that your avg tech/fund. analyst isn’t sitting on 10gb private fiber global data networks.
Hunches and quants tend to work when you have that much data and compute firepower.
Setup is closest akin to what insurance and social media companies run. When you have that data and speed, you’ll do well. Secret isn’t the IP, it’s having access to the infra that can make use of it.
Siren Servers/Jaron Lannier describes it in generalities well.
