Jay Regan, Investing Pioneer and Ed Thorp's Partner at Princeton Newport

Another follow-up to the Ed Thorp podcast. Jay Regan was Thorp's partner at Princeton Newport Partners and today runs a family office, Harbourton Enterprises. Morgan Housel did an interview with him for his blog.

 

Jay Regan, Investing Pioneer and Ed Thorp's Partner at Princeton Newport

Wall Street was a different place back in 1969.

MH: You were a pioneer in quantitative investing. Now it’s a large part of the market, both with hedge funds and factor funds available to public investors. Are we too focused on markets and not focused enough on the people and businesses that underly these stocks?

JR: I teamed up with Ed Thorp. He’s a super-quant, and I was really good at coming up with ideas and then putting his magic to work with models to make it work better.

You just can’t do that today. I’ll give you an example of how much easier it used to be...