I apologize for haveing winked at the "tough American dude". BTW, how do you know I am a dude. Its always dangerous to draw too quick conclusions. Take it easy and dont forget to play the ball low.
Guys, please, you gotta chill out. Just munch on some fur and guzzle some Jim Beam and all will be sweet. I mean why we can't we have Ito with Wilder, Girsanov with Blau, Black with Lane, Miller with Williams, etc, etc? Can't we all just get along?
Not on the low end by any means surf. Let me give you an example. Some of the developers of the VIX product at the CBOE are model builders and traders. Once again, you assume that the human resource department at these places are the thought police on language. Surf, let me tell you something, only the low end (to use your deragetary term) get jobs through human resources. Those people have no clue who the real talent is. That is why you see all these words that are meaningless on job requirements, like "quant." We are not talking about anyone surf. If Ed Witten walked into RenTec, would he be hired? Why is the answer yes, and a blank check would be signed to get him on board? He has never developed a trading model in his life, and yet he would be put on the most sophisticated project on the planet in finance. All "quant" means is someone trained in the sciences, and makes decisions and builds models based on data or theoretical arguments. What the human resource department says a quant is only meant for people that have no clue. Let me give you a counter example. Imagine any quant you like, it doesn't matter who it is. The only criteria that I impose is that he does not trade so that your definition stands. Now, imagine that this person decides to form his own hedge fund. He does IDENTICALLY what he did at his job, but also trades the model, adding discretionary hedging. Is he no longer a quant by your definition? Do you see how ridiculous your language jail is? nitro
Quantitative » Junior Quant - Algorithmic Trading Junior Quant - Algorithmic Trading Location: NYC $180,000 - $250,000 Description: HRG is looking for recent PhD's in Math or Science to join a newly formed quant trading team carved out at a prestigious Hedge Fund. Looking for brilliant minds who are eager to learn from the best. Need strong communication skills and dynamic personality with a hunger to work long and hard to learn the algo trading business. Job Reference #: CJ122
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People who pay $1000 a month to control $500,000 real state asset hoping 20% gain per year. If the asset does not go up in value, they just walk away. Basically these are investors paid minimum premiums for calls, and banks buy 100% underlining security (delta hedge 100%). _________________________________ Why bank financial stocks got sold out today, finally someone(codedeep007) pointed out what's wrong with CDOs in quant term. It's so simple. You don't need to study and practice stochastic calculus on a daily basis