Do Ph.D.s Make Better Traders?

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What is the real value of a Ph.D. on a trading desk, a reader wonders.

Perhaps inspired by the animated discussion of the role of quants in trading that appeared in our earlier debate thread devoted to Wall Street and Its Sectors, a reader emailed us, "Does a Ph.D. buy you common sense? I think not. What's the real value of a Ph.D. on a trading desk?"

What do you think?

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