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Search results

  1. Q

    Who is going to win the election and will it affect job market for quants?

    Do most people think that if Romney wins, there will be more jobs on Wall Street and more demand for quants?
  2. Q


    Even on Wall Street
  3. Q


    You'll get caught and go to jail. Is this enough of a reason to stay honest? Not everybody cheats. Your choice. You read so much about cheating because people get caught. It is not easier to cheat and never get caught than to paly by the rules. Moral reasons aside, cheating doesn't pay.
  4. Q

    Rise and Fall of IB

    This topic has been discussed way too often. There is no new information and no new conclusions. Boooooring :)
  5. Q

    Facial Hair and Interviewing: Can the two go together?

    There is a long standing debate whether facial hair is a taboo or whether it's OK to have it. If a person has a beard, Facial Hair Etiquette During Job Interviews by David Montoya, Demand Media Always neatly groom your facial hair before interviews. Job interviews are all about first...
  6. Q

    A Goldman Sachs programmer was found guilty

    High frequency trading was all the nage at the time, so both the federal and state prosecutors wanted to get in the public eye and catch somebody at wrongdoing. That said, this guy seems to have gone a bit too far and is now paying for it. Whether he is paying too much is a different question...
  7. Q


    I have to admit I don't get it either. Sorry. Something seems to be off.
  8. Q

    Starting a hedge fund.. Yes one of those questions

    Good luck! It's all I can say. I hope you have a good Plan B given how blow he chinces of success are in any venture like this. It's very tough. Aagain, good luck!
  9. Q

    Monte Carlo applications

    If you have Poisson, you can always use it for estimating frequncy regardless of what it's frequency if. It fits nicelly into the VaR frmework as Ken has pointed out. Jump diffusion certainly has pricing applications. Do you have any background in finance, or are you completely new to the field?
  10. Q

    High-Frequency Trading article in the NYT

    This stricle on high frequency trading was in the New York Times a couple of days ago. I couple of point snde by the auhtor are rather inetetersting. It;s good to see a loner view once in a while. This an excerpt. To avoid copyrigh violation, I put onkly part of the article here. The full...
  11. Q

    Why I Am Leaving Goldman Sachs

    He may be talking about his ethics, but then he is the one trying to male a buck off it. I don't know what to make of the guy.
  12. Q

    Quantgossip: Chelsea Clinton Married a Guy Working for G3 Capital Hedge Fund

    Is this a semi-quant hedge fund? I remember a fund with this or similar name that used quant strategies. I think it was a multi-strategy fund but I may be thinking about a wrong fund. Former first daughter Chelsea Clinton and longtime beau Marc Mezvinsky were wed Saturday "in a beautiful...
  13. Q

    What's wrong with the American university system

    Is there a real choice? Is there a person who would go to that Linfield College or Earlham or Podunk University instead of Harvard unless there are financial reasons? What a silly guy was interviewed. He can say all he wants and may sound great ("professors care"), but when it comes to...
  14. Q

    High-frequency programmers revolt over pay

    Just go elsewhere if not happy Revolt won't work. If too many programmers leave to hedge funds or other places, the salaries will automatically go up. That's how the market works. There was a point when investment bank were grabbing anybody who could write C++ code. Compensation for these...
  15. Q

    Cat Bonds and Other Insurance-Linked Securities Book

    Andy, You are right. There were a number of posts then, including mine, which either made little sense or were pasted pieces of general interest articles. I know much more about the field now and so do many people even though most haven't heard anything about it. It is highly specialized...
  16. Q

    US College closes oversea MBA program due to rampant cheating

    This is so wrong I haven't seen "rampant" cheating and plagiarism among Chinese students in the US any more than among those born in America. How can you even say something like this? There are cheats everywhere. Don't stereotype all Chinese or Indians as another poster below did. There...
  17. Q

    Jamie Dimon's 2010 Summer Reading List for Interns

    Both are excellent and thought provoking books. I don't agree with everything in them but would recommend them to anybody who wants to see the bigger picture of the world and economics. Everything on the list seems pedestrian to you because there are no formulas and most ideas are expressed in...
  18. Q

    Cat Bonds and Other Insurance-Linked Securities Book

    This is more specialized than most books in Recommended Reading that are listed here, but I can’t resist since cat bonds is one of my favorite topics. It is not the most favorite but is close there. The analytical issues are fascinating for a quant because everything is so different from options...
  19. Q

    Introduction to probability models by Ross, opinion pls.

    For the Intro class, you don't need anything else. Later on you'll want something more serious. It also depends on the professor and his choice of dellivery and reliance on a specifci textbook. ---------- Post added at 01:14 AM ---------- Previous post was at 01:11 AM ---------- Based on...
  20. Q

    Measuring Volatility from historical data

    Stock Volatility Long term, the difference will not be significant. Short term, there could be a very sizable difference between the two. There is nothing wrong in choosing daily high-low's instead of the traditional approach. You can also choose to go with lows only (one day to the next) or...
  21. Q

    closed-formulae for variance

    Can you explain the problem you are having? What differs here? I might be missing something because I don't understand your difficulty.
  22. Q

    Gaussian copula and credit derivatives

    What are we still discussing here? It has been made clear that the Gaussian copula, with or without stochastic recovery, does not work for credit risk since credit events are generally correlated. The main RiskMetrics approach, which is based on the same type of copula, does not work for this...
  23. Q

    Just for fun: bonds anyone?

    It's from Business Insurance Magazine `Mad scramble' for capital fuels cat bond market By Rodd Zolkos Though it's been slow developing, and some believed other alternative sources of reinsurance such as sidecars might supplant it, the risk-linked securities market is showing renewed vigor and...
  24. Q

    Just for fun: bonds anyone?

    Cat bonds, or property catastrophe bonds, are fixed income securites. They are some of the first types of insurance-linked securities to appear in the marketplace. Now this seems to be a pretty hot area. See a more detailed description of Cat Bonds on Wikipedia...
  25. Q

    Just for fun: bonds anyone?

    Cat Bonds and Other Insurance-Linked Securities Cat bonds, or property catastrophe bonds, are fixed income securites. They are some of the first types of insurance-linked securities to appear in the marketplace. Now this seems to be a pretty hot area. See a more detailed description of Cat...