Your quant model sees the correlation: when rates spike, credit spreads widen. By the time your model acts, the consensus has already repriced. You’re late to the move. This is the core problem with modern quantitative investing. Correlation-based models are backward-looking — they optimize on historical patterns that markets have already arbitraged away. Causal models […]

You close the deal. Financials look great. Six months later, your target’s CRO leaves. Two key engineers follow. EBITDA misses by 15%. You just lost $50M in deal value — not because the numbers were wrong, but because no one modeled what happens when two cultures collide. This isn’t an edge case. Between 30% and