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  1. bigbadwolf

    Why banks need C++ developers more than ever

    In other words they want trained and experienced C++ programmers -- but don't want to go to the time and expense of training them themselves. Typical. I've got no sympathy for them.
  2. bigbadwolf

    The changing face of New York

    It's all over the country -- not just NYC. East Asians are seen as fair game. Keep in mind the majority of attacks are coming from blacks (something the US mass media studiously avoids mentioning). https://abc13.com/asian-hate-crime-houston-korean-store-attack-jung-kim-racist/10448031 If you...
  3. bigbadwolf

    Quant programs as a US citizen

    Every MFE program (save the amazingly affordable Baruch program) is a cash cow. It's just that the good ones give something of worth in return -- solid education, placement offices, interview preparation.
  4. bigbadwolf

    Weimar Hyperinflation: a permabear's saga

    Interesting post by Dmitry Orlov today: http://cluborlov.blogspot.com/2021/03/getting-hyperinflation-right.html
  5. bigbadwolf

    Linear Algebra for Machine Learning

    On a side note, that book by Strang is very useful and very well-written.
  6. bigbadwolf

    Wristwatch

    A Richard Mille is probably throwing your money away. But if you're wearing your grandfather's Patek, it shouldn't be held against you.
  7. bigbadwolf

    Wristwatch

  8. bigbadwolf

    Proofs and Analysis Course

    At some stage (even for MFE) you will have to take some course on functions of several variables. Metric space theory will be indispensable there.
  9. bigbadwolf

    Advice for Choosing UK MSc Programmes

    Warwick has a really strong math department -- probably second only to Cambridge.
  10. bigbadwolf

    Critique/Review of my Quant Path Plan

    What was your AP Calc grade? A 4 or a 5? I presume it was AB calc rather than BC calc? What's your list of books for foundational math? For calc? For linear algebra? For probability? What's on your reading list generally? The online Python programming courses are usually nothing great. Ideally...
  11. bigbadwolf

    Weimar Hyperinflation: a permabear's saga

    This forum is probably not the place to talk about these things. Finance professionals are not trained to think and talk about these things -- more accurately, they're trained to not think and talk about these things. The global economic system is in a state of slow-motion collapse. Financial...
  12. bigbadwolf

    Weimar Hyperinflation: a permabear's saga

    Easily. But Covid is not the culprit: it has merely accelerated underlying tendencies. Weimar Germany was printing money. The USA is printing money.
  13. bigbadwolf

    The changing face of New York

    https://consciousnessofsheep.co.uk/2021/02/15/a-failure-of-complexity/
  14. bigbadwolf

    Quant View on Pure Math

    You don't know what you're talking about. I've seen Ghrist's work before. I don't know whether you got this in a hurried Google search to prove me wrong. This is not a serious application of cutting-edge algebraic topology. I'm wondering what kind of background you have in the subject.
  15. bigbadwolf

    Quant View on Pure Math

    Why not familiarize yourself with, for example, index theory so you have a clearer idea of what you're talking about? Or the more recent work of Witten?
  16. bigbadwolf

    Quant View on Pure Math

    The use of differential geometry was in the air after Riemann, Levi-Civita, and Ricci. These other links you're posting can be dismissed. You're arguing for the sake of arguing and scoring some points.
  17. bigbadwolf

    Quant View on Pure Math

    Nowhere. Pure math. Some theoretical physicists take a stab at using some of this material (cohomology, sheaf theory, fibre bundles). Over the last 40 years or so a major research direction has been using physics to understand mathematics (rather than the other way around). People like Atiyah...
  18. bigbadwolf

    Quant View on Pure Math

    Wallace is an old text and not very inspiring. Fulton is more interesting in that it has a foray into algebraic curves as well, including Riemann-Roch.
  19. bigbadwolf

    Quant View on Pure Math

    The research frontier has moved on. After undergrad courses in linear algebra, differential equations, differential geometry, complex analysis, etc., no way are you prepared to start even baby research. Not in pure math at least.
  20. bigbadwolf

    Quant View on Pure Math

    It's just sheer lunacy to assign Hartshorne as first reading to grad students. There have been perfectly capable grad students who have struggled with Hartshorne for two years and then given up their Ph.D. in disgusted failure. Hartshorne should be approached after having gone through three or...
  21. bigbadwolf

    The COVID-induced demise of the university

    Ugo's latest, on why virtual sex ain't as good as the real thing. https://thesenecaeffect.blogspot.com/2021/02/why-science-is-like-sex-virtual-version.html Or in more polite language, why science in late capitalism (i.e., sclerotic financialization and bureaucracy) has been going down the...
  22. bigbadwolf

    Quant View on Pure Math

    Um, I'm not blaming them for doing PDEs and not homeomorphisms. Someone has to do the gritty and unpleasant work of PDEs so that the more poetic and artistic types can prove theorems in etale cohomology. It's that old Morlock/Eloi divide.
  23. bigbadwolf

    Quant View on Pure Math

    Not really a common language -- not past the idea of continuity. One step past continuity to homeomorphism and you've already lost the PDE crowd.
  24. bigbadwolf

    Quant View on Pure Math

    Nope, it's basically a year and a half of grad courses crammed into one year. For example take a look at this course: https://www.maths.cam.ac.uk/postgrad/part-iii/files/misc/2020-21%20Guide/Algebraic%20Geometry/Algebraic%20Geometry.pdf Even at good US universities this will be a second-year...
  25. bigbadwolf

    Quant View on Pure Math

    I don't know about now but I remember that in my day a 2:1 from Cambridge wasn't enough to get admitted to the Part III (in mathematics). The Part III is demanding and punishing and it's designed to give a solid foundation to prospective research students (I think you need a Distinction in Part...
  26. bigbadwolf

    Quant View on Pure Math

    At a mid-tier British university, the fourth year will be roughly the same as the third, but with slightly more advanced courses. It won't be like a Cambridge Part 3 or the Warwick M.Sc. Probably the Warwick third-year undergrad courses will be like your fourth year. The point of saying all this...
  27. bigbadwolf

    The changing face of New York

    Looks like London is changing rapidly as well, though not because of crime: https://consciousnessofsheep.co.uk/2021/02/09/london-the-first-global-city-to-fail/
  28. bigbadwolf

    Considering a second MFE, what are my chances to admission? not doing great in career after a Quantitative finance degree from a nowhere school in us

    Probably the idea is to use the brand name and the placement services. But that aside, there's a difference in coursework between top-tier programs and the ersatz bum programs, even if the courses have the same name. Edit: Though having covered some of the material already, even if ill-taught...
  29. bigbadwolf

    How relevant is M.Sc in Scientific computating to get in the quant career

    You're only fooling yourself. You will never get fluent sitting in a class with other people in the same position as you. I went through the same process when I was learning Norwegian in Norway. The only way you become fluent is when you interact with locals.
  30. bigbadwolf

    How relevant is M.Sc in Scientific computating to get in the quant career

    Anyone who talks like this in the USA is upper middle class or above and went to a private school. Maybe a WASP. I might change the sentence slightly: "I don't smoke but were I to smoke, I would smoke Marlboro."
  31. bigbadwolf

    How relevant is M.Sc in Scientific computating to get in the quant career

    Hindi is Indo-European but it won't help much in learning a European language.
  32. bigbadwolf

    How relevant is M.Sc in Scientific computating to get in the quant career

    They're both technically insolvent -- but I think the same applies to the big French and Italian banks as well.
  33. bigbadwolf

    GameStop GME and WSB saga

    With regard to gold and silver, these ideas apply to the paper market. And not of course the physical market. Hardcore committed investors in gold and silver are insisting on physical possession and physical delivery. It's the paper market that's responsible for the manipulation of the price --...
  34. bigbadwolf

    GameStop GME and WSB saga

    What you are saying makes sense. Silver is not likely to be their kind of thing. These people are speculators and not in it for the long haul.
  35. bigbadwolf

    GameStop GME and WSB saga

    Looks like the Reddit crowd is now going after silver. Gold and silver have been among the most manipulated markets in the world.
  36. bigbadwolf

    Funding Options for MFE programs

    The decision is yours (and I'm glad I don't have to make it). Just make sure the salary figures and the placement rates you get for the programs are accurate. Baruch is a good program but not expensive. Private schools are more expensive than state schools, true. Quite a few people think they're...
  37. bigbadwolf

    GameStop GME and WSB saga

    By Matt Taibbi. This one is beautiful. https://taibbi.substack.com/p/suck-it-wall-street
  38. bigbadwolf

    Funding Options for MFE programs

    I don't have a fixed opinion on this. There seems to be a loose consensus here on this site (or there used to be) that the top 7 programs were the ones to aim for. There are quite a few "bum programs" in the top 20. They're cheaper than the top programs for a reason -- the teaching isn't great...
  39. bigbadwolf

    GameStop GME and WSB saga

    It was originally published on a white nationalist site and Unz also is white nationalist (lite). Mainstream media does not provide this kind of reporting and analysis.
  40. bigbadwolf

    Funding Options for MFE programs

    Not that I am aware of. That's why it's so important to get into a good program, to know the placement rates, and to make sure you are prepared and hit the ground running, so to speak. Also, it's false economy to choose some bum program merely because it's a little cheaper. This has to be a...
  41. bigbadwolf

    GameStop GME and WSB saga

    This two-faced haramzadi ....
  42. bigbadwolf

    GameStop GME and WSB saga

    https://thezman.com/wordpress/?p=22689
  43. bigbadwolf

    GameStop GME and WSB saga

    https://www.unz.com/article/bonfire-of-the-shorts/
  44. bigbadwolf

    Wristwatch

    Upper-class English accent -- maybe RP (received pronunciation). A welcome relief from US accents, which are as harsh and abrasive as those of Shagrat and Gorbag.
  45. bigbadwolf

    Wristwatch

    Th confidence that a good watch imparts (the watch here is a Rolex Day-Date Yellow Gold):
  46. bigbadwolf

    Is a minor in math worth it?

    The C++ and Python is not where the problem lies -- you can learn these at any time. But math requires a slow and careful buildup, usually over years. With analysis, it's not so much prior calculus knowledge that's a stumbling block -- in theory one can do analysis without knowing any calculus...
  47. bigbadwolf

    Is a minor in math worth it?

    Royden is a graduate level text. I can't believe it is being used as an undergrad text at a Turkish university. The Kolmogorov book is also not easy, despite its title. I don't understand the choice as there are several excellent undergraduate analysis texts on the market. Lang and Blyth and...
  48. bigbadwolf

    Wristwatch

    Yours?
  49. bigbadwolf

    Is a minor in math worth it?

    Works like "nefret" and "dushman" (as well as many others in the song) will be recognised by any Urdu speaker. Anyway, back to the matter at hand: what books does your university use for real analysis and linear algebra and what are the topics covered? Probability and ordinary differential...
  50. bigbadwolf

    Is a minor in math worth it?

    I should be ashamed of myself as the word for "fairy" in Urdu is almost the same (pari) : پری
  51. bigbadwolf

    Is a minor in math worth it?

    I visited Turkey, Georgia, and Armenia a year and a half back. In Turkey I was in Istanbul, Ankara, Amasya, and Trabzon (ie., mostly Anatolia and the towns that Kemal Ataturk liked so much). I have also taken some Turkish lessons as I believe Turkey will be the heart of the Ottoman Empire 2.0...
  52. bigbadwolf

    Is a minor in math worth it?

    By the way, what does "denizperi" mean? "Deniz" means sea, but what does 'peri" mean? Dweller?
  53. bigbadwolf

    Is a minor in math worth it?

    If you're going into stochastic theory seriously, then real analysis is indispensable. It seems to cover the same material as calculus but with this annoying obsession with careful definitions, statements of theorems, and proofs. It's a different way of thinking -- more abstract and conceptual...
  54. bigbadwolf

    Wristwatch

    They're garish and gaudy to my mind. In your face. Brash and insolent and lacking in dignity. I'm of the school of thought that a gentleman's watch should be discreet and unobtrusive, with an understated style and elegance.
  55. bigbadwolf

    Wristwatch

    In that case a quartz watch or even your cell phone will serve you fine. A $10 Casio digital watch will give you more accurate time than a $20,000 Rolex. And indeed that cheap Casio watch is exactly what Bill Gates wears -- he wants merely an accurate timepiece and he has it. But his friend and...
  56. bigbadwolf

    Wristwatch

    You have to be careful -- there are expensive watches out there that are not worth the thousands (even tens of thousands) you shell out for them. Hublot is perhaps one such example. This is one reason people go for known brand names like Rolex -- though to my mind Rolex is over-priced for what...
  57. bigbadwolf

    Wristwatch

    These are all good watches -- PP and AP are two members of the holy trinity (PP, AP, and VC). Both VC and Lange cost serious money. Other good brands are Breguet and F.P. Journe (though I think it's difficult to get hold of the latter). Oh, and I forgot to mention Jaeger Le Coultre (which is...
  58. bigbadwolf

    Wristwatch

    As another poster has pointed out, people generally don't notice. But also, they can't tell the difference between a quality watch and one that tries to imitate it (but at a much lower price). Frederique Constant comes to mind as one such brand. Here's the scathing opinion of Archie Luxury:
  59. bigbadwolf

    Wristwatch

    That applies with ever more force to quality watches where you can usually recoup most or even all ofyour money if you go for an Omega, Rolex, or better (and of course provided you've kept the box and papers). But you can't do that if you buy something for, say, $800. That is, you'll take a hit...
  60. bigbadwolf

    Wristwatch

    I agree with everything in your post (i.e., I don't need a watch and I started this discussion not because I need one but simply to diversify the discussion away from the same dreary lot). Longines used to be a good brand (it's older than Rolex and Omega) but it never really recovered from the...
  61. bigbadwolf

    Wristwatch

    These people make instructive videos on real watches:
  62. bigbadwolf

    Wristwatch

    There's no promo for the high-end watches. But you can haggle with the authorized dealers and it's best to buy on the grey market, if you can. Also a good idea to buy on the used market (but from a reputable seller, as there are fakes and "frankenwatches" galore).
  63. bigbadwolf

    Wristwatch

    Ah, now we're entering acceptable territory. Rolex is the low end of the high end. On a side note, the discussion on a watch forum is whether the watch was gifted to him by China, Ukraine, or Wall Street.
  64. bigbadwolf

    Wristwatch

    The Casio uses a -- *shudder* -- quartz movement and the Apple doesn't even have a movement. I can't imagine creating a good impression with timepieces like this (in fact Apple is not even a timepiece). I want a watch that whispers "upper management."
  65. bigbadwolf

    Wristwatch

    What kind of wristwatch should a quant wear to make a good impression? At what kind of price point?
  66. bigbadwolf

    What route of education to become a quant?

    Out of the question. Are you serious or is this just another troll post?
  67. bigbadwolf

    The COVID-induced demise of the university

    Since Professor Bardi has condescended to write here and since I'm a great fan of his, let me mention in passing a couple of recent books of his, both published by Springer. The first is The Seneca Effect and the second Before the Collapse. Here is Prof Bardi saying a few words about his second...
  68. bigbadwolf

    Bliss's Theorem and/or Duhamel's Principle

    Here is someone asking about Bliss's theorem. The person responding is clueless: https://sci.math.narkive.com/zjaL1JN9/bliss-s-theorem Here someone has excerpted the theorem and outline proof of Bliss's theorem from some old book...
  69. bigbadwolf

    Bliss's Theorem and/or Duhamel's Principle

    Probably the same thing as the principle. You find it discussed in the old advanced calculus texts but never modern. You need it to justify, among other things, the formula for arc length, which these days is just defined as an integral (without giving any idea of where it came from). It's...
  70. bigbadwolf

    Is lebesgue integral/measure theory critical for MFE admission?

    You'd be wasting your time taking a full-blown course on Lebesgue integration. In Klebaner's book on stochastic processes there's coverage of different kinds of integration -- Riemann, Riemann-Stieltjes, Lebesgue, Lebesgue-Stieltjes, and Ito. That's probably all you'll need (maybe more than what...
  71. bigbadwolf

    Bliss's Theorem and/or Duhamel's Principle

    Out if curiosity, is anyone here acquainted with Bliss's Theorem and/or Duhamel's Principle? None of the modern texts seem to mention them.
  72. bigbadwolf

    The changing face of New York

    I'm part of a group of "Upper West Side Residents" so I get news pertaining to the UWS. But I imagine something similar is true for other parts of the city.
  73. bigbadwolf

    The changing face of New York

    I keep reading these stories about the NYC sub: https://www.nydailynews.com/new-york/nyc-crime/ny-naked-man-subway-electrocution-20210116-dmqab3kqk5gujalkc77buyb6ui-story.html
  74. bigbadwolf

    The Queen's Gambit

    Fischer was sui generis. In the the period 1970 to 1972 the difference in rating between him and his closest rivals (Spassky, Larsen, Petrosian) was perhaps the greatest ever seen. But there were reasons for the public attention: he was young and photogenic; he was eccentric and made outrageous...
  75. bigbadwolf

    The Queen's Gambit

    The book was dramatic, with just about every game not only ending in a win (or loss) but a win or loss in spectacular style (i.e., mating attack). Yet around 55% of games among strong grandmasters (i.e. FIDE rating of over 2600) end in draws. And even where the result is a win, it's often a dry...
  76. bigbadwolf

    The Queen's Gambit

    Those 300 points are very hard to gain -- it's like trying to scale a vertical rock face with no handholds or footholds. You are playing experienced, skilled, and knowledgeable players and trying to beat them consistently. Decades ago Botvinnik made the trivial observation that getting to the...
  77. bigbadwolf

    The Queen's Gambit

    An authentic prodigy, though I don't know if he is still playing.
  78. bigbadwolf

    The Queen's Gambit

    I read the book back in 1987, while taking a bus from Biggleswade to Cambridge. It was a riveting read. But a little -- how to put it politely? -- unrealistic. Later I found out that the author (Tevis) was a middling player himself (probably rated between 1400 and 1500) and so couldn't be...
  79. bigbadwolf

    The Queen's Gambit

    Has anyone watched "The Queen's Gambit" series on Netflix? General impressions?
  80. bigbadwolf

    I do not like Math

    The admissions people must have seen something in your background that indicates you will get through the program -- unless they're being even more mercenary than usual and just want your money. Let us assume the first. That means you can do the math but don't like it (which is way better than...
  81. bigbadwolf

    What courses should I take as an undergrad?

    No, I didn't say that either. But if there's a way of circumventing it -- taking some analysis course that uses a more modern text, one not so terse and opaque, then one should go for it.
  82. bigbadwolf

    What courses should I take as an undergrad?

    He asked for "thoughts." I gave them.
  83. bigbadwolf

    What courses should I take as an undergrad?

    425a is using Baby Rudin, and I'm not a keen fan of the book. It came out almost 70 years ago and should be in a nursing home for the elderly. The course on vector analysis and differential geometry looks interesting, particularly as the book being used is the relatively modern Pressley...
  84. bigbadwolf

    What courses should I take as an undergrad?

    You probably still don't need 471, which will focus on the structure theorems of linear algebra. If you're interested in abstract algebra it will be great fun. But probably not pertinent to quant finance.
  85. bigbadwolf

    What courses should I take as an undergrad?

    471 is not a first course in linear algebra. Unless you've taken a prior course in linear algebra and/or abstract algebra, you will have problems. The pre-req for 471 is 410. On a side note, it's not clear to me that you need 471. Also note that 425a is using Baby Rudin. Unless you have some...
  86. bigbadwolf

    HFT firms mainly hiring mainly PhDs?

    Some of the companies think that having a Ph.D. is more than having, say, an MFE. I'm not saying they are right in their judgement. Maybe they think having a Ph.D. shows commitment and intellectual stamina -- who knows? But in a buyer's market -- one in which they are flooded with Ph.D. and MFE...
  87. bigbadwolf

    Boston MSMFT Boston MSMF-Video Essays

    Okay, the rationale behind the video essay is plausible: the written essay could be plagiarized or written by someone else. A video essay is more likely to be authentic.
  88. bigbadwolf

    Boston MSMFT Boston MSMF-Video Essays

    Is writing not in vogue any more?
  89. bigbadwolf

    Finance vs Quantitative Finance

    Fundamental investing is dead and has been since at least 2008 (maybe even earlier). As for "quantitative investing", that's a misnomer. I'm not even clear as to what it means. I don't know who has been filling your head with this drivel.
  90. bigbadwolf

    The COVID-induced demise of the university

    Interesting post by Ugo Bardi, who is a professor of physical chemistry at the U of Florence. https://cassandralegacy.blogspot.com/2020/12/the-fall-of-citadels-of-science.html
  91. bigbadwolf

    The changing face of New York

    I'm sick and tired of living in the USA. I'd rather live in Sweden.
  92. bigbadwolf

    The changing face of New York

    Meanwhile, on NYC's subway system: https://nypost.com/2020/11/20/police-union-boss-mta-riders-on-their-own-amid-violence-uptick
  93. bigbadwolf

    The changing face of New York

    At the end of WW2, New York City, with its environs, was a manufacturing hub. But the jobs steadily left, initially to the non-unionised US south, and later to Mexico. NYC's financial crisis of 1975 provided the raison d'etre for neoliberal reforms (which were later extended to the USA as a...
  94. bigbadwolf

    The changing face of New York

    These are figures for carjackings in Chicago and DC but I daresay something similar has occurred in NYC. https://www.unz.com/isteve/carjackings-up-120-in-chicago/
  95. bigbadwolf

    Holter and Sinclair

    Always a pleasure to listen to Bill Holter and Jim Sinclair. The talk show is not the brightest spark but his redeeming virtue is that he often has well-informed and astute guests.
  96. bigbadwolf

    What is Quant Strategies?

    It's a bullshit word, sorry to say. The term "quant strategies" was probably concocted by some corporate empty suit. If you're forced to discuss it, you'll find yourself having to talk specious and vague bullshit. On a side note some of us were discussing the difference between tactics and...
  97. bigbadwolf

    I did bad in introductory level computer programming, does it hurt?

    Probably not since AFAIK, they typically don't involve intense coding. What I would really like is some course on programming to involve creating a rudimentary chess engine. This is not as difficult as it sounds but it seems that neither authors nor publishers are interested in putting out a...
  98. bigbadwolf

    I did bad in introductory level computer programming, does it hurt?

    These intro programming courses are almost invariably vacuous and mind-numbing horseshit, with a focus on syntax and brainless coding projects. The problem is that if you do well on them, it doesn't mean much of anything but if you do poorly, it raises eyebrows. Find a non-trivial programming...
  99. bigbadwolf

    First they came for the Chinese

    https://www.unz.com/article/anti-chinese-racism-sets-stage-for-new-mccarthyism/
  100. bigbadwolf

    The changing face of New York

    If you won't say it, I'll say it: I see no reason why the South Dakota rally should not have taken place. Show me the number of deaths and seriously sick that unequivocally ensued from the rally and I may revise my opinion. Otherwise the fabricated number of "250,000 cases" is simply devoid of...
  101. bigbadwolf

    The changing face of New York

    Trump is a moron. The majority of deaths that can be attributed to the virus are mostly septuagenarians and octogenarians in nursing homes, most of whom have other health complications. At the moment if I die from an automobile accident and they discover COVID-19 in my system (as they probably...
  102. bigbadwolf

    The changing face of New York

    Just more baloney.
  103. bigbadwolf

    The changing face of New York

    https://www.nytimes.com/2020/08/30/nyregion/nyc-suburbs-housing-demand.html
  104. bigbadwolf

    The changing face of New York

    Do you mean Jackie Onassis?
  105. bigbadwolf

    The changing face of New York

    https://www.theamericanconservative.com/articles/when-half-of-nycs-tax-base-leaves-and-never-comes-back/
  106. bigbadwolf

    The changing face of New York

    Where is Batman?
  107. bigbadwolf

    The changing face of New York

    Yes, rent has gone down and is continuing to go down. In New York but also in Philadelphia, Chicago, Seattle, Minneapolis, Portland and pretty much all "blue" cities where there's a problem with law and order. COVID-19 and law and order together, to be accurate.
  108. bigbadwolf

    The changing face of New York

    The Late Cretaceous dinosaurs must have been talking about a V-shaped recovery after the meteorite hit.
  109. bigbadwolf

    The changing face of New York

    And another:
  110. bigbadwolf

    The changing face of New York

    Interesting article in the NY Post:
  111. bigbadwolf

    How important are higher level math courses?

    Do you have a study plan or reading plan to learn all these stuffs?
  112. bigbadwolf

    Some new rules (International Students)

    https://www.dawn.com/news/1571060/us-now-says-no-new-foreign-students-for-all-online-classes
  113. bigbadwolf

    Face masks?

    I bought some P100 masks four months back but have never used them. I use some flimsy and disposable masks at the moment, which I'm sure are ineffectual -- but I wear them so as not to earn any public disapprobation or ostracism.
  114. bigbadwolf

    Some new rules (International Students)

    Absolutely. My question is: Why would any foreign student in his or her right mind opt for a US program? It's not even as if a job is assured at the end of the program (assuming the visa hurdle is cleared). As I've said before, the US university system is not going to go back to the pre-Covid...
  115. bigbadwolf

    If most quants are looking for math/CS majors, what is the point of these MFE/MSF/MSQF programs?

    I would argue there's going to be a shift away from the (so-called) "hard math" -- i.e., stochastic calculus. A few semesters of calculus, some linear algebra, some numerical analysis and PDEs -- this should be ample. Stochastic calculus will be seen as a historical aberration. But the...
  116. bigbadwolf

    If most quants are looking for math/CS majors, what is the point of these MFE/MSF/MSQF programs?

    A Master's in applied math or comp sci with some numerical analysis will probably stand you in better stead than many of these MFE programs (particularly the many bum programs that have mushroomed up during the last fifteen years). Probably be cheaper as well as these MFE programs are...
  117. bigbadwolf

    The development of mathematics

    Interesting essay by the Archdruid: https://www.ecosophia.net/the-cosmic-doctrine-influences-which-humanity-exerts-upon-itself/
  118. bigbadwolf

    Advanced Calculus

    What books other than the one by Widder would you recommend for advanced calculus?
  119. bigbadwolf

    Advanced Calculus

    There isn't complete consensus on what topics should be included. Multivariable differentiation and integration for sure. Vector analysis (with or without differential forms) up to Stokes' theorem. In the older books there might be a single chapter for each of complex variables and ODEs. Also...
  120. bigbadwolf

    Advanced Calculus

    What are some advanced calculus texts people here like?
  121. bigbadwolf

    What books are you currently reading?

    The books by Jim Rickards -- Currency Wars, The Death of Money, The Road to Ruin, Aftermath.
  122. bigbadwolf

    What should I major in?

    Aim for this: They're probably using the book by Hubbard and Hubbard but I'm not sure. I assume you already have, or will be taking the BC exam. On top of this read Courant and Robbins' What is Mathematics? Also try working through an intro analysis text -- something like Howie's Real Analysis.
  123. bigbadwolf

    Corona Virus discussion

    Some trenchant analysis from the Saker. https://www.unz.com/tsaker/nwo-globalism-and-us-leadership-rip/
  124. bigbadwolf

    Corona Virus discussion

    Ugo takes a critical look at preppers preparing for a Mad Max scenario: https://cassandralegacy.blogspot.com/2020/04/collapse-where-can-we-find-safe-refuge.html
  125. bigbadwolf

    Joining MFE during Covid-19 pandemic

    I also think so but I think this was coming anyway. Now the blame can be pinned on the virus, which serves as a convenient scapegoat.
  126. bigbadwolf

    Joining MFE during Covid-19 pandemic

    The concern is well-founded. We're not going back to the pre-corona world. It will be a different landscape, and probably bleaker. Here's some recent analysis by Gail Tverberg: https://ourfiniteworld.com/2020/03/31/economies-wont-be-able-to-recover-after-shutdowns
  127. bigbadwolf

    Corona Virus discussion

    This is the single best essay I know of on COVID-19. I know one of the authors (Rob Wallace). https://monthlyreview.org/2020/03/27/covid-19-and-circuits-of-capital/
  128. bigbadwolf

    Got accepted into the WashU MSF program, proceed or wait?

    I would probably wait, not merely because of what you say about their placement stats but because it's unclear what the status of financial engineering is going to be next year.
  129. bigbadwolf

    Corona Virus discussion

    What's happening in NY (which I think is where many of the people on this forum live and study (or work): https://www.nytimes.com/2020/03/20/nyregion/ny-coronavirus-hospitals.html
  130. bigbadwolf

    Corona Virus discussion

    From a game-theoretic point of view, Trump seems to be doing the right thing: https://thezman.com/wordpress/?p=20100
  131. bigbadwolf

    Corona Virus discussion

    "People from all over the world instinctively know that in the post-apocalyptic landscape that will follow the coronavirus outbreak, he who holds the toilet paper will make the rules." (Andrew Anglin)
  132. bigbadwolf

    Corona Virus discussion

    https://thenextrecession.wordpress.com/2020/03/15/it-was-the-virus-that-did-it
  133. bigbadwolf

    Corona Virus discussion

    This shopping list appears to be useful: https://elemental.medium.com/what-a-healthy-pandemic-grocery-reserve-actually-looks-like-a972826006e5
  134. bigbadwolf

    Corona Virus discussion

    India has already stopped issuing visas and I expect other countries, including the USA, to follow suit. How long this will continue isn't clear but since any vaccine is at least a year or 18 months away, I expect this to be ongoing crisis of public health. As such, mitigation measures will...
  135. bigbadwolf

    Corona Virus discussion

    Toilet paper is becoming the new hard currency, just as cigarettes were in post-WW2 Germany. The Great Chinese Bat Flu Panic of 2020
  136. bigbadwolf

    Corona Virus discussion

    I understand the testing kits aren't available in the USA and those available are not reliable. The federal response is a belated one, and perhaps too little too late. As I've said elsewhere, this is not the bubonic plague. But when something like that does occur -- when, not if -- the USA will...
  137. bigbadwolf

    Face masks?

    From one of my favorite blogs: https://consciousnessofsheep.co.uk/2020/03/01/our-second-greatest-shortcoming/
  138. bigbadwolf

    Face masks?

    Jim Kunstler's latest bit of upbeat news. He lives in upstate New York. https://kunstler.com/clusterfuck-nation/this-aint-no-fooling-around/
  139. bigbadwolf

    Face masks?

    To put things in perspective, this virus isn't the bubonic plague in terms of mortality rates. Also, as the chart below indicates, it affects older people disproportionately and particularly older people who have other respiratory problems or who are smokers. I'll become concerned when there...
  140. bigbadwolf

    Face masks?

    This is an interesting essay on the interaction between the imperatives of global capitalism and the rise of deadly epidemics (and pandemics?). I'll get a hard copy of the essay to grok it in fullness. http://chuangcn.org/2020/02/social-contagion
  141. bigbadwolf

    Face masks?

    This looks interesting: Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?
  142. bigbadwolf

    Face masks?

    What triggered the alarm for me was some video footage of Chris Martenson on Sunday, when he suggested N95 masks + gloves + goggles. His blog coverage continues: Coronavirus Containment Has Failed | Peak Prosperity (Caveat: much of seems to be hidden behind a paywall, which I was unaware of...
  143. bigbadwolf

    Face masks?

    Thanks for the tip. I ordered three (myself and family) from "National Allergy."
  144. bigbadwolf

    Face masks?

    Plus I'd guess they were sourced from China in any case so that means depleted inventories can't be replenished. Nothing like a brewing pandemic to reveal how hollowed out the real US economy is. I went out yesterday looking for masks but I was told they were sold out. I found some masks...
  145. bigbadwolf

    Face masks?

    Does anyone know where to get hold of N95 face masks? They seem to be all sold out.
  146. bigbadwolf

    ODE and Analysis book recommendations

    Limits and continuity distinguish analysis from algebra. Interestingly enough, real analytic and topological arguments occasionally figure in the proofs of theorems about algebra. The fundamental theorem of algebra comes to mind. Don't use Rudin's PMA if you can help it. Instead try something...
  147. bigbadwolf

    ODE and Analysis book recommendations

    It's a fine book and I've had it for a number of years. Axler's book is a replacement for Rudin. It's not the only such replacement and there are alternatives. For example, the four books by Stein and Shakarchi, published by Princeton.
  148. bigbadwolf

    ODE and Analysis book recommendations

    The Axler book covers all the measure theory you need. It's one of the best books I've seen on graduate analysis and measure theory.
  149. bigbadwolf

    Applying for Undergrad Schools

    Agree with Daniel Duffy. Difficult to summon up any enthusiasm for either of the IC programs. With US universities you have more flexibility to move around, even to change your major. For top tier, MIT and CalTech, followed (approximately and roughly) by Harvard, Yale, Princeton, Berkeley...
  150. bigbadwolf

    Advice on these Undergraduate Programmes? (UK)

    I did look at each one of the links you provided. They're not exactly programs and courses to salivate over. I would probably go for Edinburgh or Bristol and take pure math. Get all the real and functional analysis you can under your belt. That's what will stand you in good stead later when you...
  151. bigbadwolf

    Advice on these Undergraduate Programmes? (UK)

    Have you not got the "A" level grades for Oxbridge, Imperial, or UCL?
  152. bigbadwolf

    Am I good enough to get into MFE programs?

    Pretty strong. The caveat is that the programs admitting you are likely to be the bum MFE programs that just want your cash and don't give a cuss that the piece of paper they award you leads nowhere. If you're talking of reputable programs (top 7 or top 10), then your chances appear slim. They...
  153. bigbadwolf

    master degree

    Probably none of these will lead to a work visa unless your master's in finance is from a place like Princeton. Lots of US universities will be happy to take your money and give you a second- or third-rate degree which will lead nowhere.
  154. bigbadwolf

    What books are you currently reading?

    Harvey's book is a fine little thing, particularly for historical perspective.
  155. bigbadwolf

    Advice on studying vector calculus

    The Brand book belongs to the era of the Flintstones (probably the book Fred used when he attended Bedrock University). The Colley book is one of the best current treatments of vector calculus, particularly the final chapter, which deals with differential forms and Stokes theorem in the language...
  156. bigbadwolf

    UCB MFE Review of UC Berkeley MFE program

    Perhaps other elite programs have similar figures today? In other words perhaps it's a sign of the times and Haas is not culpable? Just about every MFE is a cash cow. Haas is not an anomaly in this respect. What prospective students have to figure out is whether the "expected value" of the...
  157. bigbadwolf

    Real analysis

    My bad: the other book was not by Whittaker but by Titchmarsh (specifically Theory of Functions).
  158. bigbadwolf

    Real analysis

    You live in Europe. I don't think you know how ossified US universities have become over the last few decades. In subjects like real analysis, complex analysis, linear algebra, and perhaps abstract algebra often the same texts and the same lectures are being employed as they were forty years...
  159. bigbadwolf

    Real analysis

    *Shrug* -- inertia and "CYA" (which means "cover your ass"). No academic is going to get into trouble for assigning Rudin as the text. Also keep in mind that the average age of professors in the USA keeps increasing -- you're likely to be taught by some professor in his 60s, who used the text...
  160. bigbadwolf

    Real analysis

    (Baby) Rudin has a cramped and terse style which inhibits learning. Ross, Abbott, and Bartle & Sherbert are all good books to learn from. For things like the implicit function theorem and the inverse function theorem (not covered in these books) I would use an advanced calculus book from the...
  161. bigbadwolf

    Real analysis

    The UIUC course is using Bartle and Sherbert, which is perfectly all right. The book by Abbott is also fine. And the one by Ross. Anything except Rudin. Rudin belongs in the cemetery.
  162. bigbadwolf

    COMPARE Master of Financial Mathematics of North Carolina State University vs. University of Minnesota

    I'm not competent to say but I will add that Ken's caveat about financial institutions being name-conscious is worth bearing in mind.
  163. bigbadwolf

    COMPARE Master of Financial Mathematics of North Carolina State University vs. University of Minnesota

    Minneapolis is in the middle of nowhere and not a financial hub. The MFM program was set up to generate a bit of cash for the math department, regardless of the fact that it had no resident expertise in financial engineering. The people teaching the program are either math professors who have...
  164. bigbadwolf

    COMPARE Master of Financial Mathematics of North Carolina State University vs. University of Minnesota

    Neither of these two is a great program. You're asking us to choose which one has less fleas.
  165. bigbadwolf

    Over-rated China

    A piece of satire. http://www.unz.com/freed/china-overrated-by-right-wing-kooks/
  166. bigbadwolf

    Looking for derivatives book

    Yes. Have more than one book at hand. Apostol's books seem to be still available, albeit published in India (which means low-grade ink and paper). Still, each of the two volumes is under $20. Also get the Schaum Series "Beginning Calculus." You already have Lang. I also like Banner's "The...
  167. bigbadwolf

    Breaking Bad TV show

    Don't get me started on this -- I start frothing at the mouth. He's supposedly been "working" in it for years. It just never gets completed. He does everything except finish the book -- he works on the TV series, he goes to SF conferences, and he's just finished another book, "Fire and Blood."
  168. bigbadwolf

    Breaking Bad TV show

    I will watch it. But I'm really waiting for volume 6 of the book. I'm also waiting for the new season of Babylon Berlin, perhaps the greatest television show ever made:
  169. bigbadwolf

    Looking for derivatives book

    Don't know your level -- are you approaching calc for the first time or want a quick revision? Lang's book is fine. I also like "Beginning Calculus" published by Schaum's (assuming you're learning it for the first time). Apostol's two volumes on calculus (not his analysis book) are also good...
  170. bigbadwolf

    Daniel Duffy's "Financial Instrument Pricing Using C++"

    Okay, I'll order my copy.
  171. bigbadwolf

    Daniel Duffy's "Financial Instrument Pricing Using C++"

    Yes, of course. My son, who works at Wells Fargo, was asking about it and I recommended he buy it. I may buy a copy myself but it would be nice to know something about it.
  172. bigbadwolf

    Daniel Duffy's "Financial Instrument Pricing Using C++"

    Is this based on the QN course DD offers? Is it a major improvement on the first edition (which I have)?
  173. bigbadwolf

    Best choice for studying Computational / Quantitative / Mathematical Finance

    I lived in Essex for a number of years, though of course that's not germane. We discussed the Essex program here on this forum a number of years back, based on their website. It wasn't professionally done. The consensus seemed to have been that with a site like that the program itself couldn't...
  174. bigbadwolf

    But Where Are The Bayesians?

    That is one superbly written book, dripping with insight.
  175. bigbadwolf

    Best choice for studying Computational / Quantitative / Mathematical Finance

    Lichtenstein. Essex is a joke of a university. And the London programs are also nothing great.
  176. bigbadwolf

    Best choice for studying Computational / Quantitative / Mathematical Finance

    Is Liechtenstein expensive? It's a centre for finance like Switzerland -- secret numbered accounts.
  177. bigbadwolf

    Tips for an entry level C++ quant dev interview

    If you already have a DSA background you may not learn much from these books but I think they're worth reading for those who don't or are a bit rusty: Bhargava's Grokking Algorithms, and Roughgarden's Algorithms Illuminated: Part 1 (with three more in the pipeline).
  178. bigbadwolf

    Theoretical Calculus worth the time?

    There is an equivalent way of introducing real numbers and that is Cauchy sequences. This does have practical value, but the applications -- other than proofs of various convergence tests -- can be found only in classical texts or modern texts with "classical analysis" in the title. These...
  179. bigbadwolf

    Theoretical Calculus worth the time?

    The Apostol book on calculus is still a calculus book. There seems to be a spectrum running from plug-and-chug calculus to real analysis. Apostol's calc book is still on the plug-and-chug side except with some proofs and some structure. Apostol's "Mathematical Analysis" is oriented more towards...
  180. bigbadwolf

    Flintstone money

    https://ftalphaville.ft.com/2018/05/14/1526270400000/Stop-getting-The-Flintstones-wrong/
  181. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    The probably won't. It's not that they don't know all this but these things cannot be discussed or admitted by them out in the open. They've got to keep the show running, and that depends on eliding over harsh employment realities and singing their siren song of hope.
  182. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    It's not so much what a quant specifically uses so much as the way he approaches the world (through the prism of PDEs, stoch calculus, linear programming, optimization, and a slew of other math tools that can be called upon at will), a concomitant (yet elusive to define) "mathematical maturity"...
  183. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    Are members of this team typically math/physics/engineering Ph.D.s?
  184. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    What they're selling is the brand name of their institutions. But in so doing they're arguably debasing that brand name. These degrees are cash cows for these British universities and truth to tell, in this era of reduced state funding, they need the money. There's a bigger problem lurking in...
  185. bigbadwolf

    JPCOA and finance

    The irresistible Dmitry Orlov: ClubOrlov: The US pulled out of Iran Nuclear Deal because it’s too broke
  186. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    Keep in mind that the degrees offered by Imperial, KCL, etc. are largely a joke. Brief mention of the Black-Scholes PDE and C++ offered only as an option (if at all). That is to say, you can earn a quant degree from these august institutions of learning without an in-depth knowledge of PDEs and C++.
  187. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    I would argue yes. But you evidently don't like studying math (or that would be your background). And covering the ground from scratch when you may possibly have no aptitude for it and no enduring interest in it may be a bit of a problem. Recognition and credibility are among the mercenary...
  188. bigbadwolf

    Economics and Finance are not enough for a career in Quant Finance

    It's bollocks. There may be one course in any of these programs that actually presupposes knowing something about differential equations. Likewise for basic probability theory. The tough criteria are just to add to the mystique of the quant degree. In my opinion you're probably wasting your time...
  189. bigbadwolf

    Business Schools

    Quite an interesting article. Why we should bulldoze the business school
  190. bigbadwolf

    Ebola in the hog sector

    Written by a friend of mine. Looks like biologists also use this machinery. Ebola in the Hog Sector: Modeling Pandemic Emergence in Commodity Livestock
  191. bigbadwolf

    Getting into Quant Low GPA

    Close to zilch. No math.
  192. bigbadwolf

    13 reasons why 401K is risky

    Worthless clickbait. Not that it's not true but that it's pretty obvious.
  193. bigbadwolf

    I am an undergraduate senior graduating in May and still do not have a job.

    This kind of debilitating anxiety is counter-productive. Just shrug your shoulders stoically and concentrate on getting through the last exams. Then take it from there.
  194. bigbadwolf

    Univertsity of Miami (Miami,FL) MSMF any good? Help pls.

    Going by what's on their website, I don't think so. The courses seem to be basic stats and basic stochastic. I don't see any heavy coding, nor any advanced courses. I don't think it will be any good for that either. Judging by what's given on the site, it doesn't seem to be much of a program...
  195. bigbadwolf

    Univertsity of Miami (Miami,FL) MSMF any good? Help pls.

    "Worth the investment" in what sense? You are apparently not looking for a job subsequent to your MFE so what criteria are you using?
  196. bigbadwolf

    Top-tier MFE program or quantitative trader job

    Go for the job and write a letter to the program that because of circumstances you can't take up the offer at the moment but might re-apply after a couple of years. If it is a ranking program, the program admins will readily find someone else to replace you.
  197. bigbadwolf

    Do native speakers need to memorize vocabularies for GRE?

    They are cash cows for the departments and universities offering them. The MFE has become a commodity like any other. Don't fall for the "elite" hogwash.
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