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James Kwak catches up with the Whale http://baselinescenario.com/2013/02/09/the-importance-of-excel/ but see also the follow-on discussion at HackerNews http://news.ycombinator.com/item?id=5198187

Aaron Brown reviews here I haven't read, myself, but have long followed the author's blog, here (even when it was Mahalanobis way back when) (His career is something of a cautionary tale as well, but that's for another time)

This just in (or out): Eric Falkenstein, The Missing Risk Premium: Why Low Volatility Investing Works. http://falkenblog.blogspot.com/2012/08/my-new-book-is-out.html http://www.efalken.com/MRPpreface.pdf

http://observer.com/2012/08/our-cheating-hearts-honor-integrity-and-playing-by-the-rules-are-all-out-of-style/?show=all via 3qd

Michael Price http://sciencecareers.sciencemag.org/career_magazine/previous_issues/articles/2012_08_03/caredit.a1200087 Brooke Allen (a more personal take) http://sciencecareers.sciencemag.org/career_magazine/previous_issues/articles/2012_08_03/caredit.a1200088

from ams news, via Terry Tao: http://terrytao.wordpress.com/2009/10/07/israel-gelfand/ I found his Calculus of Variations (w/ S.V. Fomin, in trans) clear and useful, but that's old work (Dover reprint) ... he's in the roots of many branches of mathematics now getting attention in finance.

Something worth consideration, even if it is a tortured metaphor: http://rortybomb.wordpress.com/2009/10/13/student-loans-as-the-new-indentured-servitude/ Of course incurring such debt in pursuit of an MFE is more akin to indentured courtiership, but then the ranks of aspirants are swelling...

There is currently movement on the sell-side for quantitative modeling to be configured under a separate reporting line, rather than associated with specific business lines or within information technology. This is significant, not only as a response to the perception that modelers became...

from NYMag: How I Helped Build the Bomb that Blew Up Wall St

Berkshire-Hathaway annual report & Warren's annual letter [pdf 100pp]

This seems to have passed unremarked: on 1Dec arxiv.org re-organized dispersed preprints of quantitative finance articles into a category of its own Announcement of new Quantitative Finance (q-fin) archive

Wilmott & Derman issue a joint statement excerpt: Read the whole thang.

Buffeted "quants" are still in demand by Phil Wahba (Reuters Dec22 9:54am EST)