SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by mbunea
December 21st, 2019, 1:04 pm
Forum: Careers Forum
Topic: V2
Replies: 0
Views: 336

V2

After extensive experimentation starting around 2006, I reached several conclusions: 1) Trying to join the market is futile. See: https://imgur.com/a/o35eHps    I'm now solely focused on beating it. 2) There is no low hanging fruit left. And by "low" I mean I'm talking from a pretty high ladder. Def...
by mbunea
April 7th, 2019, 5:05 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

>> RE: my own title. I started this thread when? About 6 months ago it seems. Good opportunity to figure out what changed in the meantime. One thing that still surprises me is how I still accumulate knowledge, although I'm tempted to rather call it "wisdom" at this point. Like the observation that "...
by mbunea
April 7th, 2019, 4:49 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

Uuu... very interesting. What Great Schism? It was the night of the Big Wind. But you are too young for that nonsense.It will be declassified in 2030. You're not the first board who I witnessed getting divided, the schism seems like an inevitable asymptotic law of politics. Usually the same parishi...
by mbunea
April 7th, 2019, 4:40 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

mbunea, would you mind sending me a private message? I'd like to run something by you (but can't send you a message as I am a new user).
Sent.
by mbunea
February 16th, 2019, 7:43 am
Forum: Careers Forum
Topic: Searching for a job after a multi-year break
Replies: 33
Views: 7026

Re: Searching for a job after a multi-year break

Man, these hedge funds and HFT shops and in general "world renowned investment bank", they only hire THE BEST. Crème de la crème. Top 2% of the already very competent. How does it work? Enrico Fermi on "great generals" nailed it long ago, just replace "army" with "banks" and "greatest generals" with...
by mbunea
February 4th, 2019, 7:14 am
Forum: Careers Forum
Topic: Searching for a job after a multi-year break
Replies: 33
Views: 7026

Re: Searching for a job after a multi-year break

Don't tell a thing on the mental health issues - even ignoring that, with your background you've almost zero chances of getting a job anywayz, mention "mental health" and you're certain to enter negative territory (not just not get a job but get blacklisted). Anywayz, jobs are stressful and a PhD is...
by mbunea
November 5th, 2018, 5:30 am
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

I've also been thinking on hiring students / recent graduates. One problem is that by my own, I'd only be having money to pay them for part time work. But the main challenge is finding people who are not doing this for the money in their hand now but for the end goal: money they're getting when and ...
by mbunea
October 10th, 2018, 4:04 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

Average pre-tax monthly salary in Romania: $1000. Taxes are about 40% so take home is about $600.  Average pre-tax yearly salary for a software dev in Romania, according to PayScale: about $26000 / year. For a junior with 2-3 years of experience, to my knowledge, it's more like the sum I quoted ($36...
by mbunea
October 7th, 2018, 6:18 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

That's a hard problem, indeed. Will think more in depth about it when and if I'll have to (meaning I'll actually find some wannabe associates who qualify for the "lighter" requirements), also I'll wanna hear their input into this issue.
by mbunea
October 7th, 2018, 5:24 am
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

Not at all. In fact I'm not sure having a non-money contributing guy is a good idea unless he's a plain employee, but an employee is not a good investment at this phase. The hard money requirement is based on my past experience of looking for cofounders. Over 90% of the people are just not intereste...
by mbunea
October 6th, 2018, 5:10 am
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

Not me, our company. It's called "cofounding". Like here: https://cofounderslab.com/ , only 99% of the guys there are not looking to invest money (like a founder does) but to take money (like an employe does), sort of a glorified UpWork. Like if they call themselves "cofounders", they're more likely...
by mbunea
October 5th, 2018, 4:58 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

The idea of starting a HF with no money and no work invested sounds indeed very interesting. If, in the same vein, you plan not to earn money it may actually work. Don't understand what do you mean by no money and no work. I explicitly said *development* money ($1000 / month contributed by each ass...
by mbunea
October 5th, 2018, 4:47 pm
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

*shrug* Come back when you have a business idea which is less crazy than this one. It's not as crazy is may seem at first. Established hedge funds employ a lot of researchers because the probability of a single guy stumbling upon something profitable is fairly low. Therefore adding manpower increas...
by mbunea
October 4th, 2018, 11:23 am
Forum: Careers Forum
Topic: The Interactive Brokers test
Replies: 1
Views: 3085

The Interactive Brokers test

Think of it as "why can't quant traders trade systematically", sort of a FizzBuzz for quant traders. If you're not familiar with FizzBuzz, read about it here: https://blog.codinghorror.com/why-cant-programmers-program/ So you're a quant trader with 10s of years of experience in the industry and a jo...
by mbunea
October 4th, 2018, 8:45 am
Forum: Careers Forum
Topic: Career planning after 12 years in the field
Replies: 26
Views: 6416

Re: Career planning after 12 years in the field

Uuu... very interesting. What Great Schism? I visit Nuclear Phynance occasionally as a lurker, I assume that's what you mean by "np". But haven't been around this forum so frequently as to know what you mean by the schism. Again, I suppose it's something similar to a bunch of Hacker News ( https://n...
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