Are Quants Taking Over the World?

ozzie123 Wrote: ------------------------------------------------------- > Mr. Wilmott, could you share a coupon code for CQF > please? :stuck_out_tongue: Sure, here’s the link for the special assitance coupon: http://rachelmaude.com/wp-content/uploads/2009/05/sloth-goonies.jpg I think you qualify…

Keys Wrote: ------------------------------------------------------- > ozzie123 Wrote: > -------------------------------------------------- > ----- > > Mr. Wilmott, could you share a coupon code for > CQF > > please? :stuck_out_tongue: > > > Sure, here’s the link for the special assitance > coupon: > > http://rachelmaude.com/wp-content/uploads/2009/05/ > sloth-goonies.jpg > > I think you qualify… Now how do I enter that image to the payment system? Care to share another link? PS: you’re not the owner of the site are you?

He is actually the one of the advisors for the special discount; Copy the image and send an email to the following association with your credit card and bank account information: http://www.college-degree-fast.com/ Or if this is inconvenient, just go to a local ATM with this special feature: http://www.venusproject.com/ethics_in_action/atm_images/image001.jpg Expect a call from Boris…

Wow Keys, do you get any referral fees for that? You know you have to disclose it under CFA code of conduct. Or maybe you feel obliged to name-drop your old college? LOL j/k

Keys Wrote: ------------------------------------------------------- > ^ I have not studied Alexanders teachings but I > have heard the series is some of the best. Normally I would not give this information out for free, but you seem like a nice guy trying to breakthrough. Her published research is garbage. You can read her books for a good introduction to basic stuff, but forget her published work. Amateur and useless at best. Here you go, just saved you a ton of money and time.

That’s useful, thanks. I also owe you for the resume templates.

You’re welcome. Good luck tomorrow. I can’t believe I’m not going to have to pass a test this year. I had my SAS certification scheduled for tomorrow morning 9:00 just to keep the tradition going, but I had to re-schedule for next week :slight_smile: … Feels good to have the option to re-schedule 24 hours before.

Thanks, man. I think the toughest and highest stakes test I’ve had to take was my written qualifying exam - though CFA Level 2 is probably the most labor intensive. If I failed those qualifiers, I would have been kicked out of graduate school with a consolation M.S., so I’ve felt a bit of pressure before.

Oooh, I just quickly snooped around the SAS website - looks very interesting and I’m going to spend a few hours researching it in a few days.

I’ve seen two sides of a story here, and both are pathetic… -> Engineers, Maths and other quantitatively focused individuals describe that currently non-mathsy folks cannot attain the quant skills to understand the majority of quant finance…this is in their self interest since quantitative driven folks are hijacking finance; understandible… --> these posts just displays their arrogance -> business and other non-quantitatively groomed folks who still live under the ā€˜veil of ignorance’ insisting that these skills are not required for the future --> this just displays their laziness and fear My drive is to motivate those who came from a similar background as myself; not groomed mathematically but saw the headlights coming fast in my direction so changed route and learned what was required. Do not let the engineers and mathematicians run you over people…or maybe let Darwinism take it’s course I believe my motivational goal is too much to achieve based on the whimpering encountered on this thread…

Here is one side of the story, the only side: Keys = Paul Wilmott

I know Keys personally, trust me…he is not Wilmott. He is however a total toolbox who thinks learning some math equations is going to make him a billionaire trader. Keys=Turd Fergueson

mo34 Wrote: and people will go ā€œooooooooā€. > > Is he black ? :slight_smile: … just kidding … Fisher Black passed away about 10 years ago. Emanual Derman talks about Fisher’s approach towards solving a problem, in his book ā€˜Life of a Quant.’ According to him, Fisher loooked for a solution that would make sense to layman. He then went around finding the mathematical derivation of the solution.

Gully1 Wrote: ------------------------------------------------------- > I know Keys personally, trust me…he is not > Wilmott. He is however a total toolbox who thinks > learning some math equations is going to make him > a billionaire trader. > > Keys=Turd Fergueson HAHAHAHA! Anyways, Keys, despite our differences of opinion, you seem sincere and I wish you the best.

Absolutely. As a mathematics major, I am smarter than everyone with a finance/econ degree. Finance/econ is only one step above liberal arts, whereas mathematics is very rigorous and exponentially more challenging. This is why it is quite possibly the most respected degree - by academics and employers. With the increasing use of technology and complicated financial instruments, ordinary finance degrees will lose significant relative value in comparison to financial engineering.

Pixel Wrote: ------------------------------------------------------- > Absolutely. > > As a mathematics major, I am smarter than everyone > with a finance/econ degree. Finance/econ is only > one step above liberal arts, whereas mathematics > is very rigorous and exponentially more > challenging. This is why it is quite possibly the > most respected degree - by academics and > employers. > > With the increasing use of technology and > complicated financial instruments, ordinary > finance degrees will lose significant relative > value in comparison to financial engineering. While I agree with most of what you said, you really should try to tone down the arrogance. Having the math degree doesn’t make you smarter, but just potentially better educated.

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Pixel Wrote: ------------------------------------------------------- > Absolutely. > > As a mathematics major, I am smarter than everyone > with a finance/econ degree. If you are really so smart, would you like to tackle a calculus problem that my 17-year old brother said was too easy for him? Construct a function f(x) defined for all real x such that it has derivative in x = 0 and x = 1 and has no derivative anywhere else.

Can it just be something like a continuous piecewise function?