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Actually that's not ad hominem, but a reference to the essay, which you would have recognized if you actually read it.

He did see the crisis coming; he just doesn't care. His investments are generally ultra-long term. But again - did you actually bother reading that? Because if you did you'll realize you're an egotistical orangutan.

Perhaps you'd like to read this excerpt from the great Buffet himself (quoted in this blog post): http://stockvaluer.blogspot.com/2006/04/buffetts-coin-flipping-contest.html

>expected return >given amount of portfolio risk Just because you had a higher return doesn't mean a) you didn't simply take on more risk and b) didn't simply get lucky. Portfolio theory is simply optimizing your utility from risk/return under your budget constraints, and you clearly don't prove...

While I agree with most of your political arguments, this was a fail :(

Most of these can be attributed to or are accentuated by the corrupt government though.

I'm highly critical of Russia's current state because the government is corrupt. Not much else. Frankly the most important right (in my opinion, of course) is the right to property. Thus the owner's/public's right to property trumps the protestors right to assemble imo

It's not the fact that they're hippies, it that there are too many of them for there to be any reasonable amount of free space in the park.

They are a subset. That's like saying, this cake is for everyone, and then eating it yourself because you're part of everyone! LOL!

It says PUBLIC use, doesn't it, not (solely) protester use. That's just what we're saying; the protesters are essentially being selfish and prohibiting the majority of the public from actually using that resource as IT'S SUPPOSED TO BE USED.

Oh, well in that case its even more blatant. They are trespassing on private property, and the owners have every right to kick them out.

The key difference here, Alexei, is that burning a flag does not ostensibly lower the quality of life of others. Occupying a public area and essentially prohibiting anyone that wants to use it normally (i.e quiet stroll around a park/walking a dog) is quite different.

http://hotchicksofoccupywallstreet.tumblr.com/page/2 She's basically the only truly good looking one :( Like seriously! http://28.media.tumblr.com/tumblr_lszudkk0hl1r4urrdo1_500.jpg

Have you actually looked at the blog? As one WSO member put it, "Looks like logic isn't the only thing not going for them..."

Ah, right, otherwise BETWEEN UNIX_TIMESTAMP( wouldn't even make sense!

Doesn't sort by time?

Haha! Wonderful satire of the oversimplification of quant models. Derman is truly a genius.

She's only 19 - so sophomore - so I think she means university research? Or am I wrong and you mean internship?

Don't like proofs? ;)

The words "Occupy Wallstreet" or any abbreviation haven't appeared in this thread for a while... wtf.

That's messed up. In a free market consumers have a right to not purchase a product. wtf. Although I may suspect some shenanigans; maybe she was causing a ruckus prior.

They're just comedians, unfortunately.

/very/ cool I can't believe I never came across NASDAQ's rss feeds...

Whoa... RIP

Hm, the site is faster for me now!!! :confused: Guess it was just a fluke :)

Hey Andy, would the upgrades make Quantnet slower? Pages load a lot slower now for me...

Oh no no no, I'm not implying you don't. I was just ranting again.

I've said this before and I'll say this again, AP doesn't mean shit.

Yep, at least the top programs will. Think about this logically: they have the opportunity to pick only applicants with 170's, so why would they pick a substantial number of 160's?

Is 21 for real!?! You have to know _all_ of those languages?

Crap I'm only on step 2 :(

2 Seems pretty simple. We have the following probability distribution: 2 3 4 5 6 7 8 9 10 11 12 6 6 6 6 6 6 6 6 6 6 40 A starts at the right and keeps going left until his aggregate probability exceeds 50%. Then, if B chooses the next number on the left, B's chance is...

I bet you're not a client-oriented go-getter, are you?

I was just at a Technical Job fair the other day here at Carnegie Mellon and Bloomberg was having on the spot interviews. One candidate was asked if he knew SQL, and he replied that he didn't know what that is. You should have seen the look on the poor recruiter's face...

I only have read through a couple of pages in the middle but this is becoming quite disgusting. The points that Baruch may or may not be weighed more favorable are credible given the Baruch presence on this sites (in ads, members, and Andy is an alum himself) but are simultaneously moot. Who...

Good catch ;)

Hey... that's a great question but I don't think I'm that qualified to answer it. Make a forum post about it.

January... May... September... Next post is in December.

Oh, just the actuarial exam? That's probably not a good indicator, since it's meant for actuaries. The MFE is not the MFE we tend to use here on Quantnet, it's just the exam series. The math is of a substantially lower level.

What.........?

How about calculating various levels of market efficiency? This would probably be more stats though.

Nope. You sure you want to be a quant though? Finance outside of IBD does not imply quant...

What school? And what major?

Working hard at CMU... a combination of finance and proof-based mathematics.

Shaking my head...

This.

There's an entire writing section................................................................. even a two second google search makes that obvious...

It's 100% A. I got a perfect on the grammatical section of the SAT, so if you need more help, feel free to hit me up.

I'm not sure if you people are kidding but you guys realize that the Enquirer is a joke, right? Regardless, he lived for more than 6 weeks from the February date...

You were in the WTC on 9/11? My family is in DC, they say a few dishes broke and a few books fell of the shelf, but nothing major.

Listen to alain, he's older and wiser!

Precisely, you'll most likely have a case-study for your interview. If you want to learn more I highly reccomend wallstreetoasis.com.

I don't think he did O.o

It's not his first time.

To be fair, when I asked this question once on an actuarial forum, I'd get similar answers to Ilya's (namely, that it is a joke), with the exception that they were more content with it.

For the interview, fair enough. Just replied to make sure OP knows that ER isn't all that "quantitative" (for lack of a better word.) Although isn't it true that you generally need to make a writing sample for interviews?

amanda.jayne Modeling/financial ratio analysis is actually a relatively small part of ER. Even making the reports takes up more time. The majority of the time is good old fashion due-diligence which involves a lot of meeting/calling company representatives.

Haha, point taken :P The reason that I don't think individual investors use such strategies is that they are more risk-averse and commissions play a larger role in their net profit.

:( Time to hit the books I guess...

Absolutely, I'd never vote for her! Why does this have to be so party based? I'm only discussing this based on political philosophy.

When the Federal government builds bridges/etc to nowhere, you call that infrastructure investment? Also, our educational investments are going to waste. In the case of my local high school, for example, all the grant money was used to a) make a new stadium and b) buy smart boards for every...

The video took a long time to render and all I saw at first was a blank page. I thought that was a beautiful metaphor.

Let me be the first person to say congratulations :P

Us undergrads are fine ;) We have 4 more years to go :P

Drop by 20%....? You want to cut the military entirely?!?! Are you mad!??!

Yes. The layman is incompetent. The following is an actual reply I got to one of my facebook statuses: I especially liked "Without the downgrade, our interest rate will never increase" I guess the 80's just never happened.

Well. It finally happened, the first time since 1917. US Treasuries are at AA+. This has some serious implications. Many funds/companies worldwide have depended on Treasuries as collateral since they are required to use AAA securities; with the downgrade, we're looking at a rapid sell-off. What...

Thanks Andy!

Yeah, I was just curious as to what their general policies were since I saw quite a few full time and internship positions from said companies posted on the online career website for my university.

I think he means bank account :P

The title says it all. I'm particularly curious in NYC non-trading positions (it can be related to trading but not trading positions themselves.) For example, do Two Sigma/DE Shaw/Citadel hire undergrads as quantitative analysts or no? Of course, if you have something to say about...

I for one want to keep my cake. It's understandable if the hungry - those that actually try - get some of my bread, but I don't think the government should have any say in how I allocate my cake. I think that's what capitalism is about. On an related note to the actual thread topic - this is...

I bet you think Pravda is an unbiased source as well...

Alexei, in all fairness, while I'm not saying Khodorkovsky is a flawless man, his prosecution is just a corrupt mess...

Then do a full major in applied mathematics. You don't need to take an algebra class, necessarily

Definitely the latter, but math is more important than finance. Use the search function next time.

This is _not_ how quant theories are born. First of all, before we head any further, that's not really a potential energy formula. It just happens to be an approximation for gravitational potential energy at the surface of the earth - this begs the question, why arbitrarily pick that? One of...

'Nuff said. Disclaimer: he's being sarcastic.

What exactly do you have against leveraging if you're certain that the price will rise?

Nope. In the case of finance, there is a very thin line between academia and commercial research.

hoping it's you, huh ;)

Sure, supply has to go up in economic growth, but demand should be going up as well, as people's standard of living increases.

Lol, in short, we need economic decline! Folks, its simple economics - Economic Growth brings inflation. Of course the dollar is going to decline in purchasing power. So what? As long as people's wages grow as fast, we're fine. And in fact, historically wages have been growing faster. (In 1900...

They also do that if you work for... the government. Surprise surprise ;)

http://www.heritage.org/budgetchartbook/entitlements-historical-tax-levels Really now... how do you propose to maintain these entitlements? Perhaps we should have a 75% tax on the rich?

How about... decrease entitlements. That would help fix the debt problem too. Also, if you're comfortable with the fact that someone is "milking" the system, why can't the rich milk capitalism? Just wondering.

I'm surprised there isn't more linux and less OS X...!

I guess you die-hard liberals think that this is ok too: http://www.zerohedge.com/article/entitlement-america-head-household-making-minimum-wage-has-more-disposable-income-family-mak

That's ridiculous. Why should he have to pay more than anyone else?

Hello, Ian. Can you give a list of firms that actually require or carry weight on the distinction?

Try telling them you're Abdel, but that you're going to be a millionaire within 10 years. Out of scientific curiosity, heck, tell them that you're a millionaire now.

Do they use them effectively? No. Do they still sign up for them? Yes.

I wonder... with Google+ popping up, will programs also have Google+ pages?!

Hahahahaha :P

Nice find. A gem:

History Channel doesn't have history anymore, though :( If you want to hear about conspiracy theories or aliens, it's your go-to source, though.

And a few month ago, you actually wanted that PhD... http://www.quantnet.com/forum/threads/natural-language-processing-and-quant-jobs.6260/

I'm monitoring this to see if Dibbs succeeds. Good luck!

Same, this is the first I've heard of such a thing.

Yep, the only way to learn a language is to practice, so put yourself in situations in which you have to communicate. Consider maybe going to trade shows and try to network -that does two things: 1) You network... duh :) 2) You get to practice what seems to be fairly good English Just my $0.02

As a clarification though, it would take more pondering on who to vote for in primaries.

>Implying Medvedev is not Putin's puppet I could do Romney 2012

I did this before... of course for completely different reasons :p That being said, most people can access Outlook out-of-office so it's not particularly useful for looking busy.

Laughing... so... hard.

Yeah, you need 800 quant.

Google+ is better than twitter, but I think Facebook is better for social networking.

Well, that's why you're liberal and I'm not ;)

Alexei Smirnov I believe the purpose of government is to help protect our fundamental rights - but of course that begs the question what our rights are. I believe everyone agrees with this view but disagree on what rights are worth protecting/are rights at all.

To add on to that, sneakers, TV dinners, modern mattresses have stemmed off of NASA research which is a child of the Cold War. The Depression ended because of World War II. Not that I'm a war-mongler, it's just that Anthony brings up a good point.

Ok, I know why government exists. But in our non-ideal real world, it doesn't work that way - that is, it fulfills its overall role awfully poorly. Shouldn't we look to the reality rather than hypothetical?

I agree. If government was perfect, I would be all for it. However, just think about your arguments for a second. The rich are greedy right, because they're powerful? Shouldn't the same principle apply to a government with too much power?

I'm not trying to be mean here, but your major was non-technical and you did poorly in it. Are you sure you want to do an MFE?

This is NY? I was under the impression that this is the internet good sir...

There's absolutely nothing wrong with charity - I believe those who are well off should support their communities, and as an example most billionaires support or create their own foundations for the common good. These work far more effectively than government, which tends to look like this...

Implying that economic freedom is morally wrong? Shame on me for not wanting to give away my hard earned living!

Considering most people here are working or aspiring to work in the financial industry, I'm surprised there aren't more right-libertarians rather than left libertarians.

I agree, but can a government truly make any better decision?

Just out of curiosity... what is the average quantnet-er's stance politically? This website does a pretty good assesment. I'm a right-libertarian. And you, Quantnet?

First of all, I didn't ask, what's your opinion on .onion sites (although there are many others of interest, that can't be accessed through the surface of the darknet, i.e the hidden wiki.) TOR can be used as a proxy to the surface-web as well, and provides near perfect anonymity (at Dialup...

What's everyone's opinion on TOR?

But it would be fun, just like college! :p

You do understand that my reply was completely serious, right?

I can agree to that. I'd understand if crime rates go up with a declining economy. But I haven't seen any indication of rebellion-like activity going on either.

Oh no, another unliked post! Can't you see the ratio dropping before your very eyes?!

Sure, but you can't really say if it is deviating from the norm unless you used to do this in the past.

LOL! Sure. The economy is bad. I'm not denying that. But to say that the US/World is entering a state of chaos is too much. And I'm the troll.

According to you, there's an increase in crime rate. Do you have sources for that claim?

Would you care to show actual quantitative data, instead of just re-iterating your speculations?

Good luck! Just out of curiosity though, why'd you choose to live in the loop? Could have saved money by living just a bit farther out from the center.

That's just pathetic...

Agreed heartily.

Flash mobs aren't necessarily violent or bad though..! And there's always outrageous stories on the news. If it wasn't so, it wouldn't be news, now would it?

So... how are you going to get non-biased input again? :confused: Quantnet isn't exactly a simple-random-sample. You'd have to go on-campus or something... Anyhow, Andy, as always, I applaud your efforts! Hopefully this will provide the data students need to make better decisions.

I feel your pain ;)

Of course, but it is good for everyone. Veterans are pretty good candidates for the grueling hours and hard work... it's fair to say they had their fair share of experience overseas!

THIS in .NET 3.5 VSTO add-ins were a tad bit more complicated as everything had to be done manually and you had to build the .xmls yourself... now, making plug-ins is "so easy a caveman can do it" ;)

Ah! Perhaps he isn't then? He denies accs to his profile page (grr!) but that didn't stop me for searching for posts by member, which led me here: http://www.quantnet.com/forum/threads/2008-refresher-courses.1362/#post-16021 Another Baruch thread. He seems to be a Baruch alum?

Yes see, back on topic! I googled the masters of engineering as well, but, as it seems through Andy's IP tracking... OP was a columbia student? And @Alexei Smirnov, that's not Leroy for sure.

I myself only know of one duplicated account and that member uses it for privacy reasons, which I feel is acceptable. Have people constantly been abusing multiple identities? News to me :\ Of course, if they use proxies, we'd never even know...

Despite the feeling that this is a troll post, I want to figure this out. What program has an Engineering degree, as opposed to an MS? Ily is probably one of the Ilya's, not sure which one.

The survey is for quant *developers* so it's not that surprising. Also, @DominiConnor, the first "16" should be a "160" ;)

This is true, and is also true if you develop excel add-ins/plug-ins/etc. The ribbon really changed things.

Off all the millions of reasons to hate VBA, you pick this!?!?

@alain, I am also curious to why you dislike excel - although I can completely understand why you hate VBA, haha.

In Bill's defence... he's writing in time for the MIT 150th anniversary celebration...

Andy, are you implying that a sample size of one is not statistically significant!? What kind of quant witchcraft is this!?!

Who needs excel when you have HP-12C and a notepad????

How about you western union me 5 dollars and if I lose I'll send you 10.

5 bucks says same poster or strongly affiliated.

You know you can make Excel do whatever you want, right? In fact, that was my job last summer... familiarize yourself with the VSTO libary in .NET and enjoy :)

Developing this summer. C# again!

Implying software companies need to make their own OS to be innovative... what? Folks, stop feeding the troll and let this thread die on its own. Let rishab dhar, who will surely respond, be the last post. /out

Guys. What this thread says: Corruption exists. Ok.

Biking to school? Fancy. My parents had to walk to their University in the Russian snow... :P Well said Dominic.

He said "after my time in the marines", so yes, service is basically mandatory.

@DominiConnor Actuaries are a type of quant? They both use math/stats, I suppose, but I've always seem them as distinct.

This link should prove useful :) http://themattharris.com/2009/06/testing-websites-on-google-android/ (Maybe :p) EDIT: Actually this might be even better (since it's more recent): http://buildcontext.com/blog/2011/android-browser-emulator-windows-7-nexus-s-xoom-tablet DISCLAIMER: I haven't...

Haha, I think that is open to debate ;)

Seems like a removable tattoo... lame.

@Andy Nguyen, have you tried using emulators for testing?

From http://www.vantagemedia.com/approach.php: Wow.

Notably, the featured schools are University of Pheonix, Strayer, and Capella. Hmmmmmmmmmmmmmm... :rolleyes:

A Maryland school, I'd prefer to keep the specific school anonymous though. If you really want to know you can PM me.

At my public high school, almost everyone goes to college, with maybe one half going to our state flagship/comparable and the other half going to various top schools. The private schools in our area don't nearly perform as well and I don't know that many people _from the area_ who actually...

You admitted that both aren't so good with career services. So why do you want the masters at all? Seems like a waste of money to me. Get work experience, apply again to better schools, imo.

All I'm saying is that a proxy that measures the sentiments of a herd of sheep doesn't neccesarilly measure the health of business, and disregarding things as "outliers" can often have very bad effects. Any reason you're not using GDP? EDIT: Ah, I see you want monthly. Unfortunately, there is...

You should read the Black Swan.

Guys, the stock market is not a good proxy. what about the crash in 87? It had no underlying business issue causing it. As an aside, I think proxies are pretty hard to find because many prices in the real world are "sticky."

Go for the job if you can. Is UCLA cheaper for you?

Yeah, those programs are great but I suspect the ones Joy listed are better in terms of placement...

Doesn't seem appropriate, imo.

Yep, that was clever, I didn't consider that.

I'd say I'm pretty calm about it, I just found that madly hilarious.

You can do more than prop trading as a quant....? EDIT: For all those who didn't understand, this is an affirmative, not a question.

Quant = (only) prop trading ??? LOLOLOLOLOLOLOLOLOLOLOLOL

@peterruse That's the answer :P

Agreed ;) Notably, only the last one is above the original topic...

Surely you jest...

Trust me, this is the way to go.

"My our lease"!?!? sounds shady :P

In that case, after clicking the link, bump up the price range so the average is about 1750. ;)

You can get some decent studios for about 1500 a month in the Upper East side (see: http://newyork.craigslist.org/search/nfa/mnh?query=&srchType=A&minAsk=1400&maxAsk=1600&bedrooms=1&nh=139) But what's your budget :)

It is almost always bad, I agree. What's worse is when the stored procs are labeled incorrectly and the current DBA's don't know what they do... =_= That being said, there are a few instances when they are quasi-neccessary. However, they should be very simple - there's no need for a...

Agree with nieslb. In fact, my last internship precisely required SQL calls from VS (I used C#, but obviously it doesn't really matter.) I found that it was optimal to calculate stuff in the C# program and let the SQL calls just find data.

Microsoft makes fantastic Operating Systems... why, just the other day, I was using their latest good OS, DOS!

Well yeah. That's standard calc stuff. What's the issue?

I don't think it's too long. Of 8 questions, 2 are complete jokes, so you have about 20 minutes a question. The timing is fine. @darth might be too "optimistic" though ;)

Alright, I just skimmed through it, and I didn't notice the fourier analysis. The vector analysis should still be fairly easy though.

Go to WSO (WallSreetOasis.com) and search for CapIQ request threads. There are threads with lists of IBanks and HFunds by region. Of course, they don't designate whether they provide interships. That would be fairly unreasonable...

Wait, are you saying this exam is really hard? If so, you probably shouldn't be a quant... this is an easy exam.

You are joking, right?

Real quants love Dungeons and Dragons.

Or... you could do 2*(1+6)/2 = 7, since all the probabilities for one die are the same... and then it's the expected value of a sum of independent variables :)

Agree with everything except for "high-school maths". It's elementary school math, which makes the egregious error even worse!

Andy that isn't your son is it? :P

I agree there are more pressing things, but the sad part is that it's spread across the internet!!!

Thanks for protecting the country, mate.