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  1. Nick Leeson - 2 (a trader looses $7.16 billion)

    Good question. One of his former professor said that the kid is a genius, very brilliant. To be honest its my first time hearing about a so-called genious losing 7 billion dollar.
  2. Nick Leeson - 2 (a trader looses $7.16 billion)

    Remember when you were a kid and your parents told you to stop playing with matches. Derivatives are not toys one can play around with. I don't believe any level of security could have prevented such an event. Sooner or later it would happen and it did. In my opinion, it is the just way...
  3. Careers as a Financial Engineer

    Very good article indeed. If you are currently attending an MFE, or if you are a recent graduate, and planning on working on the streets, contact the people ie alumni, friends, professors and so on... who work in the industry first. Networking is really the way to get in. I graduated this past...
  4. How do you classify a good FE program?

    I would say industry exposure
  5. Bye, Bye B-School

    Very good article. But if you noticed some of the guys mentioned in the article who choose not to get an MBA graduated from Top schools like Harvard. So, it is easier for a Harvard grad to say "bye bye to an MBA" than it is for a SUNY grad like myself. It is very true that hard work will get you...
  6. Barry Bonds hit Home Run 756 !!

    This is a tough call. If aaron had taken steroid maybe he would have had 1000 home runs, who knows! Barry is def good, and he def belong to the hall of fame. Even what he accomplished before turning into an hercule-like man, was superb. I guess the fact that he does not have a personality does...
  7. Don't hate on the QUANTS.

    Many are indeed losing on this sub-prime mortgage debacle. But this is not a one-sided deal. It is a zero sum game, and there are some out there winning big, making millions, because they made good bets and went the opposite direction. I think the media is being a bit paranoid. The reason...
  8. Impending immigration reform affect jobs prospect for MFE students

    Hi Andy, Good article! If we look at the H1B visa in a larger context, it seems to me that Indian nationals are the top beneficiaries of the visa. Bill Gates, of course, will look after his interests to make sure that he can keep getting very good software engineers from overseas, mainly...
  9. New Quantnet members say hi

    Hi guys, My name is Mohamed and I currently finishing my MS in Applied mathematics from SUNY Stony Brook. The Baruch program seems very well structured and almost offered at a deep discount compared to the CMUs, NYU and Berkleys. For novices like myself who dont have an MFE and who have little...
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