Jamal Awil

← An Engine, Not a Camera

Knowing the culture," he says, "was more important than just quantitative knowledge. [fact]

As Salomon's arbitrage activities began to expand overseas, Meriwether who, like the traders at Dimensional Fund Advisors, was a good practical economic sociologist realized that it would not be enough simply to send Americans, however sophisticated mathematically, into overseas markets. "Knowing the culture," he says, "was more important than just quantitative knowledge."

Donald MacKenzie, An Engine, Not a Camera, loc. 974