Wanna be a Quant ?

Discussion in 'Strategy Building' started by syswizard, Nov 4, 2007.

  1. yes. dr.giles from oxford was one serious dude! euler discretization, the milstein method, asian barrier and lookback options, quasi monte carlo--- interesting lecture for sure.

    best,

    surf
     
    #11     Nov 5, 2007

  2. No offense to you or any MBA, but generally speaking if you ask any quant or PhD he will attest that an MBA is just a series of power points – nothing quantitative about it. Ask an MBA to derive the Black-Scholes, Vasicek, or CIR model. They probably won’t even know what the latter two are!
    Carnegie offers great quant and MBA programs. Compare and contrast for yourself:

    MBA:
    http://www.tepper.cmu.edu/mba/mba-programs-coursework/fulltime-mba/course-sequence/index.aspx

    MSCF:
    http://www.tepper.cmu.edu/master-in...ram/curriculum/course-descriptions/index.aspx
     
    #12     Nov 5, 2007
  3. I didn't say they did. What are you smoking?

    You really need to stop stalking me. I'm happily attached and not gay.
     
    #13     Nov 5, 2007
  4. I was agreeing with you in the last post but smurf has a hard-on for anything I say. He really needs to relax more and start hitting on girls again.
     
    #14     Nov 5, 2007
  5. I still don't see what MBAs have to do with quants. More importantly, why would a HF hire an MBA for a quant position and even expect them to solve maze-type problems?

    PS. surf is not a homosexicle and he better not be hitting on any girls. :)
     
    #15     Nov 5, 2007
  6. The vast majority of quant analysis isn't impacting the bottom line in a signifcantly positive manner. Maybe because knowing how to build a race car isn't the same as knowing how to drive one?
     
    #16     Nov 5, 2007
  7. MBA's apply for all kinds of positions . . . including quants. I was agreeing with you and syswiz that one has nothing to do with the other. The hedge fund owners I've spoken to think MBA's are worthless as quants.

    As far as smurf being straight, well . . . we only have your word on that and I'm not going to ask for proof. I just wish he'd stop stalking me. It's embarrassing.
     
    #17     Nov 5, 2007

  8. im surprised dr.wilmott gave you such a hard time. he is quite the salesman as well as high level thinker. not too bright, on his part, to exclude someone who shows genuine interest in person.

    he struck me as very warm and personable during my brief chat.

    regards,

    surf
     
    #18     Nov 5, 2007
  9. As soon as you get back on your medication the world will be a better place.

    Random quotes:

    Richard Breeden, Hedge Fund Owner
    A year ago, Richard C. Breeden, former SEC chair and former court-appointed monitor for Worldcom, started his own hedge fund. How's he doing? Pretty well, according to the Washington Post. . . . (SOURCE) http://lawprofessors.typepad.com/securities/2007/06/richard_breeden.html

    Breeden calls himself this and is considered one of the most brilliant corporate attorneys in the US.

    NASSIM TALEB, Hedge Fund Owner: The difference between hedge funds and mutual funds is that mutual funds take your money, and they have a lot of constraints on what they can do for you, OK? A hedge fund has usually more freedom to invest, to make bets, to take gambles, to do whatever you want. (SOURCE)
    http://www.pbs.org/newshour/bb/business/july-dec06/hedgefunds_10-23.html

    Taleb also calls himself that in a Times interview.

    AnyBorowitz - "The Key to Happiness" - As a hedge fund owner, I am truly, insanely happy, from the moment I wake up to the moment my head hits my 1200 thread-count pillow in an absinthe-drenched haze. And as for the other things I wanted to do before I die, I pay other people to do them for me now. (SOURCE) http://www.huffingtonpost.com/andy-borowitz/the-key-to-happiness_b_57611.html

    This was a quote.

    I could list a few hundred more references to "Hedge Fund Owners" but I think you get the point. There is even a reference to one of smurf's idols in there just for giggles. Each and every time you open your mouth smurf I will cram your lies straight back down them. You are an ignorant little man on some kind of ego trip and I have great sympathy for you but will not tolerate your constant lying.
     
    #19     Nov 5, 2007
  10. I saved the last post for future reference as well. Sorry I got it before you deleted it.

    No such thing as a Hedge Fund Owner . . . what a crock.

    Your credibility diminishes further with each post.
     
    #20     Nov 5, 2007