At 27, Andrew reflects on the humbling realization that knowledge can be fleeting, particularly in the unpredictable world of finance. He shares a pivotal lesson learned from the collapse of Long-Term Capital Management, emphasizing how correlations can defy logic and lead to unforeseen consequences. Despite having strong backing and initial success, the decision to return investor funds in 1998 underscores the harsh realities of market volatility and the risks inherent in quantitative strategies.
