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by gnp1020
March 7th, 2012, 4:23 pm
Forum: General Forum
Topic: Tail risk for Hedge funds
Replies: 26
Views: 15783

Tail risk for Hedge funds

<t>QuoteOriginally posted by: acastaldoLet's take a specific example: LTCM and its successor JWM Partners. They did well for a long time, then suffered big losses when a rarely occurring set of circumstances materialized. I suspect this is what people have in mind when they say "hedge funds are long...
by gnp1020
February 25th, 2012, 5:34 pm
Forum: Brainteaser Forum
Topic: an interview question, the probability of picking a seat randomly in a stadium
Replies: 12
Views: 22218

an interview question, the probability of picking a seat randomly in a stadium

q1 . .. . 1 /1000 q2 . . . . . 0the way the question is written the initial guess would be 1/1000 however it says neither your chair OR the one with the prize will be removed. . .therefore i would argue that the question is implying your chair does not have the prize , hence 0
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