SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by frenchX
September 4th, 2013, 5:58 am
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

<t>You are right though half of the people you quote are in the hedge fund industry right ?I'd like to find (and I would have loved that the Mr Davenport would have done this ...) some statistical fact about this. Example: sample SP 500, Nasdaq and Dow Jones firms.Proportion of CEO who have done "sc...
by frenchX
September 3rd, 2013, 12:54 pm
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

<t> @ Almostcutmyhair : "You can be a CRO (Chief Risk Officer) and sit in the board, and make relatively big decisions."Sure CRO is pretty big already but you don't have the power to rebuilt the business model, to reshape the organization or to design a strategic initiative impacting the whole busin...
by frenchX
September 3rd, 2013, 12:48 pm
Forum: Student Forum
Topic: Asset allocation under uncertain parameters
Replies: 6
Views: 6692

Asset allocation under uncertain parameters

There is a vast litterature on this topic in operation research for example under the name "robust portfolio optimization".Here an examplehttp://repository.kulib.kyoto-u.ac.jp/dspace/bitstream/2433/87374/1/j.ejor.2009.07.010.pdfBut there are plenty of papers on the Net on this subject.
by frenchX
September 3rd, 2013, 12:24 pm
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

<t>One of the most pernicious project risk in the military industry. Having too much money and too much time It's lessen the pressure a lot and it decreases dramatically the productivity, the creativity and the interest of the team. According to Daniel Kahneman (Nobel Prize economics 2002) in his bo...
by frenchX
August 30th, 2013, 7:28 am
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

<t>The worst thing which can happen to a quant guy is being micromanaged by a guy without any analytical skills.Concerning "quants" who want to be CEO, it seems that the best way to become a CEO is to become CFO first (according to some statistical studies). When you are CTO (id est R&D boss) yo...
by frenchX
August 27th, 2013, 5:17 am
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

<t>I really like the table 2 of your paper.For my projects, there risks are mainly ranked like this :1) Project Complexity2) User3) Organizational Environment4) Team5) Planning and Control6) Requirements The first risk "Project Complexity: high level technicity+new technology+immature technology" is...
by frenchX
August 26th, 2013, 12:03 pm
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

<t>Thanks for the doc ! I'll try to validate my "Certificate in Project Management by the Wilmoot forum" with my HR department In my "short" experience, most of project fails because :-the scope was ill defined and move during the project completion time-the budget (both in time and costs) was too o...
by frenchX
August 26th, 2013, 9:00 am
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

@Edgey : thanks for the reference. I was using PERT mainly by intuition but if there is a standart framework I'm definitevely a taker.
by frenchX
August 26th, 2013, 8:02 am
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

For project management we use Microsoft project, Excel and a in house ERP. For step 2 the best would be a kind of automatic polling system. Thanks for the metrics document !
by frenchX
August 26th, 2013, 7:31 am
Forum: Technical Forum
Topic: Risk measure when you have very few historical data
Replies: 46
Views: 10235

Risk measure when you have very few historical data

<t>I agree with Cuch that triangular distribution have the advantage of being easily used. So a better way of budgeting would be :1) Slash your whole project into a number of work packages2) for each work packages ask to a panel of expert to estimate "worst completion time/most likely completion tim...
by frenchX
August 26th, 2013, 7:21 am
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

<t>I agree that the balance between hard skills (tech skills, financial skills, marketing skills etc) and soft skills (communication, supervisory, self management, team management) is the best but I think that soft skills can only be learnt by experience. I have no trust in the management skills of ...
by frenchX
August 23rd, 2013, 1:32 pm
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

Good point. I mean CEO who were middle managers (or below) and climb the promotion ladder to the top leadership position. Obviously when you are an entrepreneur you are your own boss so the story is a bit different.
by frenchX
August 23rd, 2013, 12:22 pm
Forum: General Forum
Topic: Quants will never be CEO
Replies: 34
Views: 11103

Quants will never be CEO

<t>I have heard some research recently in management saying that "quants role" (in a general term example big data statistical analyst for a online marketing firm, model val for a risk management group in a investment bank or numerical analyst in a mechanical engineering firm) almost never reach the...
by frenchX
August 22nd, 2013, 1:13 pm
Forum: Brainteaser Forum
Topic: optimal allocation
Replies: 22
Views: 9011

optimal allocation

<t>In this case there should be a solution but between 57 and 29 rooms I guess? I feel that if you have more than 2 people in a room you can find a "hate" distribution so you have 2 people in a room who will kill each others but that's a raw system 1 intuition. I won't be surprised in there is a cle...
by frenchX
August 22nd, 2013, 10:21 am
Forum: Brainteaser Forum
Topic: optimal allocation
Replies: 22
Views: 9011

optimal allocation

The "hate relationship" is known or unknown by the book manager ? (I suppose it's known otherwise I don't see a solution)
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