Egolessness and willingness to fail are essential for long‑t...

Egolessness and willingness to fail are essential for long‑term model development

Nang stresses that 95% of model attempts will fail; the key is to keep iterating without attachment to any single idea.
He likens model failure to a coin toss, emphasizing that over‑confidence is a bias.
Accepting failure quickly allows resources to be reallocated to more promising hypotheses.
This mindset underpins his advice to constantly evolve models and stay ahead of edge decay.

Rishi NangTitans Of Tomorrow01:48:33

Quote

“95% of the things you're going to try are going to fail and when you succeed you're barely better than a coin toss.” — Rishi Nang

Quote

“It's egoless, relentless and confident. Those are the real things that matter.” — Rishi Nang

Nang argues that raw IQ matters little; success depends on emotional intelligence, perseverance, and humility.

“Emotional intelligence and persistence outweigh raw academic brilliance in quant trading”

“Discipline, rigor, and intentionality are the three pillars that separate systematic traders from gamblers”

“Psychology outweighs study volume in trading success.”