Search results

I think it is very unrealistic to think that these high salaries will persist. First, the latest continuing crash has shown that derivatives pose serious risk to entire system, that derivatives of derivatives of derivatives of derivatives are not possible to model. They will need less people to...

Yan He: I went offline & continued google search for more complete meaning of PV10. I found that the best search was for "SEC PV-10" in google. The term means the NPV of some asset or activity after discounting expected cash flows (before taxes or interest) by 10% per year. I gather that the SEC...

Yan He: I have seen that oil companies use PV-10 (whatever it is exactly) to evaluate drilling prospects, and talk about it in presentations to investment analysts. I don't look at commodities trading, so I have no idea that they use it there. Larry

Bigbadwolf, you certainly have it right. Long experience & long schooling lead me to same belief. Why don't firms build possibility of disaster into models? Because senior execs only want quants to justify how they can use more leverage & take more risk -- to juice short-term profits & their...

Yan He, I would like to meet you. I never heard of PV10 all thru PhD & CFA programs, but I notice that oil people talk about it a lot. I assume it's either a short program to calclulate PV using 10% to discount cash flows, or one to calculate the NPV of 10 years' of cash flows. I found this...