How accurate is the TV show Billions in depicting hedge fund life?

There are bits and pieces of it that are accurate, certainly exciting to watch. From what I can tell their investing strategy was mostly “discretionary” — Axe’s gut feelings, not quantitative, fundamental or even technical analysis, all inside 1 person mind, which has it’s advantages and disadvantages.

They went to great lengths to conspire (& cover up) their insider trading, which seemed like their primary strategy, which insider trading probably exists today but their is alot of automated detection software that actively detects huge block trades prior to a huge stock price moves — but insider trading is not an all day — every day — kind of thing portrayed in the tv show. And if it is, it won’t be for long. :)