SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by hamster
January 31st, 2010, 1:21 am
Forum: General Forum
Topic: The most foolish theorem ever...
Replies: 134
Views: 44399

The most foolish theorem ever...

QuoteOriginally posted by: jawabeandid you study M&M? these things are all discussed in conjunction with the theoremi didnt claim something new...
by hamster
January 29th, 2010, 11:21 pm
Forum: General Forum
Topic: The most foolish theorem ever...
Replies: 134
Views: 44399

The most foolish theorem ever...

<r>QuoteOriginally posted by: daveangelQuoteOriginally posted by: BullBearQuoteOriginally posted by: daveangelso what is the problem mr bullbear ?A)1. leverage2. dumb assumptions................B)Taxes: The theorem uses the lousy regulation on corporate taxes to show how to screw the State in favor ...
by hamster
December 29th, 2009, 6:17 am
Forum: General Forum
Topic: The futuere of financial engineering
Replies: 9
Views: 33861

The futuere of financial engineering

Any change in regulation triggers new ideas to exploit it. no need to worry.
by hamster
December 11th, 2009, 9:10 pm
Forum: General Forum
Topic: Messy IT Systems, neglected aspects of the crisis
Replies: 16
Views: 33198

Messy IT Systems, neglected aspects of the crisis

<r>QuoteOriginally posted by: exneratunriskThe Economist Silo but deadlyi cannot disagree regarding the operational issues mentioned. part of the problem is that new business ideas emerge quickly in finance. after an idea took off, the quick and dirty prototype become the quick and dirty it sub syst...
by hamster
December 8th, 2009, 7:55 pm
Forum: General Forum
Topic: Why short financing is cheap - capital structure irrelevance
Replies: 6
Views: 32962

Why short financing is cheap - capital structure irrelevance

<t>QuoteOriginally posted by: freddiemacQuoteMy question, however, relates to why short term financing can lower the WACC (and not just the fraction of the capital structure that consists of short term debt). WACC dont distinct btw short and long financing - debt is just debt. it think to remember t...
by hamster
December 6th, 2009, 2:26 pm
Forum: General Forum
Topic: Why short financing is cheap - capital structure irrelevance
Replies: 6
Views: 32962

Why short financing is cheap - capital structure irrelevance

<t>QuoteOriginally posted by: freddiemacHowever, I still fail to see the argument why short financing should be cheaper unless it is mispriced. the normal case: the prob of default is higher in the long run than in the short run, thus is the premium. if you lend a firm money for 20 yrs, say, the fir...
by hamster
December 6th, 2009, 10:14 am
Forum: General Forum
Topic: Why short financing is cheap - capital structure irrelevance
Replies: 6
Views: 32962

Why short financing is cheap - capital structure irrelevance

<t>QuoteOriginally posted by: freddiemacIt is often said that it is cheaper to borrow short term, especially for banks. This seems logical given that the relevant yield curve is positively sloped. However, as the crisis has shown financing with short duration causes funding liquidity risk. it is not...
by hamster
December 4th, 2009, 5:09 pm
Forum: General Forum
Topic: XML and CDOs
Replies: 0
Views: 31791

XML and CDOs

What is your opinion about SIFMA's Recommended Standardized CDO Data File Format.It would be much cheaper and faster if cdo manager report in an industry wide XML standard as proposed by SIFMA.
by hamster
October 6th, 2009, 6:20 pm
Forum: General Forum
Topic: Commodities Contacts
Replies: 11
Views: 36660

Commodities Contacts

In Amsterdam is a big flower import/wholesale market. That are simple auction where buyers load the flowers in their trucks and drive home lateron. Very simple. I am not sure how to attract a farmer in Keynia and a retailer in the Netherlands to sign up for future contracts.
by hamster
October 1st, 2009, 3:21 pm
Forum: Off Topic
Topic: State-sponsored Terrorism
Replies: 146
Views: 45500

State-sponsored Terrorism

<t>QuoteOriginally posted by: FermionQuoteOriginally posted by: hamsterThis israel-palestine conflict is very stupid. Why are they killing each other? Minor religous differences? Very stupid.I don't think so. It's also (mostly) about economics and class. State-sponsored terrorism pretty much always ...
by hamster
September 30th, 2009, 4:48 pm
Forum: Off Topic
Topic: State-sponsored Terrorism
Replies: 146
Views: 45500

State-sponsored Terrorism

This israel-palestine conflict is very stupid. Why are they killing each other? Minor religous differences? Very stupid.
by hamster
September 28th, 2009, 4:30 pm
Forum: Off Topic
Topic: State-sponsored Terrorism
Replies: 146
Views: 45500

State-sponsored Terrorism

warfare is just a business. or as eisenhower said the industrial military complex. the major marketing goal is to transform minor differences into hate. and sales will be fantastic ...
by hamster
September 18th, 2009, 8:12 am
Forum: Off Topic
Topic: Best Acronyms and Buzzwords
Replies: 43
Views: 36710

Best Acronyms and Buzzwords

WSJ, The Devil's Dictionaryany further recommendations?
by hamster
September 13th, 2009, 1:30 pm
Forum: General Forum
Topic: If management company or trustee for EFT bankrupt, can an investor trade that ETF?
Replies: 4
Views: 34994

If management company or trustee for EFT bankrupt, can an investor trade that ETF?

<t>it depends on the country or legal system where the issuer is operating. in some countries active and passive funds are excluded from the liquidation of the holding firm. eg a bank ownes an etf firm, the bank crash, the creditors of the bank arent allowed to touch the etf-firm. if there is no law...
by hamster
September 10th, 2009, 4:32 am
Forum: General Forum
Topic: Is "asset pricing" by John Cochrane useful to help us make $?
Replies: 27
Views: 38028

Is "asset pricing" by John Cochrane useful to help us make $?

<t>QuoteOriginally posted by: KackToodlesi once witnessed what happened when a wallet was left behind on a subway seat. Within 20 seconds, a gang of men descended on the wallet and tore it apart like lions tear apart a fresh kill. There was not even a blood stain left on the seat. The 20 passengers ...
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