David Einhorn speech on subprime crisis
This is a good read, another person taking the ratings agencies to task for dropping the ball:
This is the article that pointed me to the speech...
You can open the text file with Excel, so that you get the "Text Import Wizard" that lets you specify how the columns are set up, whether fixed width or delimited by some character.
Then on the 3rd screen of the wizard, after your columns are divided, you can specify a data type for each...
It seems fishy that a such a long hitting streak is as likely as they say, but I guess that's the point.
Joe D.'s hitting streak as a "black swan".
A belated Happy Birthday, Andy! Your contribution to QuantNet really speaks for itself, thanks for all you do for this site.
And all good wishes for the coming year, with the baby on the way. :smt038
Hope you had a great celebration.
Have a great time, everybody.
Sorry to miss the festivities, I'm travelling today.
Cheers to everybody that just finished the program, and have a beer or three for me.
See you in the new year, have a great holiday!
I would take Real Analysis, because Stochastic Processes is covered in the MFE program itself. Real Analysis is not taught as a separate class in this program, but much it is an important foundation of the Probability class, though not a formal prerequisite.
I have a Mac laptop and I think it's a great way to go, that's what I'd recommend.
You really have the best of both worlds since you can run windows so easily. The best way to do that, btw, is Parallels Virtual Desktop, not Boot Camp. Boot Camp requires partitioning your HD and rebooting...
I would say that flexibility and readability of your code is a much bigger advantage than the runtime performance, at this stage of the game. Fine-tuning performance comes later, the priority now is to be able to understand the code and verify that it produces a correct result.
A quote from Don...
I've just completed the prerequisite courses over the past year, and I'm starting the Baruch MFE program this fall. I can tell you what worked for me. I registered at Baruch as undergrad non-degree, though it sounds like Erica has a better suggestion in terms of registration.
In any case, I...