<t>Samy,I suppose it could be some sort of self fulfilling prophecy. Sure, why not. Go in with the mentality that that's how you have to be and if you succeed, well that's good. If you fail then you can say you didn't have what it took to be a successful trader. But mental attitude is one of the key...

<t>Clarke,I agree. There are some people who still have that image of traders. Also, for a brief period, there were some people (mainly traders) who thought they were the new "masters of their universe", just because they were trading couple of certain commodities in which their companies were the "...

<t>Clarke,I don't think what Anthis said makes traders looked idealized. On the contrary, you do need strong nerves to be a trader. I've had many junior traders pass by our desk (prop trading/arbitrage at a bank) and the majority failed. Maybe it is impatience like Boonies seems to have, maybe it's ...

Volatile,Excelent find! I had to learn the hard way a while back with VC4 and 5. I wish I had this back thenU

Maybe that's why I got it!

Forget it!I was blind...sorry Chukchi....didn't see your earlier post

All,Hull's 5th edition can be now purchased from Barnes & Noble for $79. No affiliation with that org. I just bought the book myself.

<t>One more poll to add relative to the use of Excel/VBA.......how many people within the banks do you think know how to use or are familiar with other tools such as Matlab, Mathematica, SPlus, etc.? What's the cost of these other packages, relative to MS Office when you 100 users?I am sure a large ...

<t>EnergyQuant,You are obviously talking your book with your buy recommendation for the energy trading companiesBut seriously, what is your opinion (and others) on the future for energy trading companies (both short term and long term)? Consolidation towards very few major players, like those holdin...

<r>Energetic,To be totally honest, I haven't read through the complete paper myself. I will print a copy and read it later on today. In the meantime, here's Dr. Ali Lari-Lavassani 's email address and telephone number in Calgary:<EMAIL email="lavassan@math.ucalgary.ca">lavassan@math.ucalgary.ca</EMA...

Well, what can I tell you? Maybe there's something wrong with your setup. It works fine for me and I am using an old and decrepit PC. I have zipped the file plus I added a presentation on swing options by some good guys from University of Texas. Hope you find them interesting.U.

Try this link:http://www.math.uni-frankfurt.de/~stoch/swing.pdfIt should get you to the article mentioned.U.

<t>Ryan,Both methodologies are used in hedging swaptions. Bumping up the zero curve (or more accurately the input rate used to calculate the zero curve) is a widely used methodology. Sungard's Infinity and other systems use this approach known as "Partial Differential Hedge" or the "Risk-Point" meth...

<t>Germoz,I am sure people are busy on the various other forums...but here are few books for starters:1. The Handbook of Interest Rate Risk Management by Jack Clark Francis and Avner Wolf. It's a little old ('94) but excellent basics. I started with that way back then...and also with2. Swaps and Fin...

<t>tonyc,I must admit that I did find that book somewhat useful back in '98 when I was getting into the energy business. Working for a bank at the time, the resources in the energy industry was quite limited.Since then, most of the knowledge came from actually working within the energy industry for ...