- Joined
- 7/9/07
- Messages
- 37
- Points
- 16
I have read many postings on this great forum since my senior years at Baruch. There is so much talk about MS, MFE or PHD in Math, Engineering, Finance and the like . But, with the current financial meltdown, none of the degree seems to be valuable and sensible to me. There were many smart people working in the market and despite their PhD's and extraordinary Financial know how and math geniuses, they couldn't save the economy from meltdown. This forum talks a lot about exotic financial products and they seemed to be the time bomb(As Warren Buffet has called it) for the meltdown. I got a great education from Baruch and learned a great deal about Finance, but feel that Financial market is purely a gambling in more organized form. I do believe in the random walk theory. Financial engineers and their exotic equations that created the CDO and mortgage backed securities ail us now. So, what's the value of MFE and other quants in the future??
I have lost faith in the investment world and specially in the derivatives sector.
I have lost faith in the investment world and specially in the derivatives sector.