<t>Journal prestige and all this shit mean nothing, unless the place you work, especially academia, requires you to package your resume nicely to help you get tenure and/or research funding. If a paper is practical and hits right on an important area, it will gain acceptance and build you a reputati...

<t>QuoteOriginally posted by: momentumpartners...More precisely, I have 500 variables that I can use in a multiple regression, to explain the move of a stock A. But I want to select the variables I have to keep, so I have finally around 20 useful variables out of 500.Momentumpartners,Before you try ...

<t>Paul,You should have just bullshitted your way through these stupid questions, like everybody who works in this field does. After all, bullshit questions deserve bullshit answers.Anyway, if after six months your answers turned out to be right, you'd be considered an investment guru and if wrong, ...

<t>QuoteOriginally posted by: KackToodles QuoteOriginally posted by: rcohenVery helpful for John Cochrane to make $. how much money can he make giving guest lectures about his book? I meant selling it. If there were any useful ideas in there on how to make loads of money, believe me they wouldn't ha...

"Cheap asset classes"... "Expensive asset classes"???Where do they get these stupid questions from?

QuoteOriginally posted by: TPETORCHIIs his book only for publishing papers or very helpful for us to make $?Very helpful for John Cochrane to make $.

<t>QuoteOriginally posted by: BrahmaFrom personal experience in my country (it's not UK nor US), the majority of the smartest guys in math, physics, and chemistry, while they were in high school, applied to engineering school because that would lead to better (expected) financial rewards when they g...

QuoteOriginally posted by: Cuchulainn simple, first-order, linear ODE, which had a closed-form solution. Easy...dU/dt = 0, U(0) = 0Come on... You should be able to do better than this!

<t>QuoteOriginally posted by: barny ...His dissertation was on Computational Fluid Dynamics and he told me he basically worked with Navier-Stokes all day, yet he doesn't even know what the del/nabla operator is. I am not joking. ...Anybody else had similar experiences?This reminds me of the time whe...

<t>QuoteOriginally posted by: ZiggyWhen the synthetic CDO market was growing fast it almost felt that there was a 'silent agreement' with all dealers that the Gaussian Copula (plus some ad hoc mapping rules) was an accurate description on how tranches should interpolate and move. The answer to the i...

<t>QuoteOriginally posted by: CuchulainnWhat is intriguing is how an idea is formed and adopted by the community. Did the CDO developer not do a POC (prof-of-concept) first?This doesn't apply only to the CDO example above or the area of finance, in general. Remember cold fusion,where even the scient...

<t>QuoteOriginally posted by: CuchulainnAnyone care to comment on this discussion of CDOWhat is intriguing is how an idea is formed and adopted by the community. Did the CDO developer not do a POC (prof-of-concept) first?Paul, Ruben?Daniel,Having worked in academia for many years, I can tell you tha...

<t>QuoteOriginally posted by: NattieLightIf I were an executive with a multi-million dollar contract, I would refuse the funds, even if they are necessary and then pick up my golden parachute when the shareholders force me out for bankrupting the firm.Make a lot more money that way than only 500k.Th...

<t>QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: rcohenQuoteOriginally posted by: bojanHere is a nice bloomberg story of where fuel price hedging gets you! Funny it should happen to United of all the companies....Why do they get the hedging wrong? Because they believe in the crap m...

QuoteOriginally posted by: bojanHere is a nice bloomberg story of where fuel price hedging gets you! Funny it should happen to United of all the companies....Why do they get the hedging wrong? Because they believe in the crap models that crank out crap analyst reports and forecasts.