SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by KTE
November 20th, 2010, 1:52 am
Forum: Book And Research Paper Forum
Topic: books on kelly criterion
Replies: 2
Views: 27747

books on kelly criterion

I stumbled upon this using Google. FYI.http://www.bjmath.com/bjmath/thorp/tog.htm
by KTE
July 21st, 2010, 2:17 am
Forum: Careers Forum
Topic: High GPA / Grade inflation
Replies: 24
Views: 28258

High GPA / Grade inflation

<t>High grades are the norm at many universities and many degree programs now. I don't know about other countries, but this is particularly prevalent in the US, BA degrees and MBA programs, for example. I'd like to think that graduate schools and recruiters are aware of the undergraduate schools and...
by KTE
April 18th, 2010, 1:39 am
Forum: General Forum
Topic: Will GS become next Arthur Andersen?
Replies: 114
Views: 44535

Will GS become next Arthur Andersen?

<t>You may be right. The SEC had Madoff handed to them by various tipsters wrapped in a bow for years and years, and they blew it horribly. Just how difficult woud it have been to uncover that fraud. Maybe a day's work inside his office? The SEC almost certainly wants some comeback in terms of credi...
by KTE
April 17th, 2010, 2:47 am
Forum: General Forum
Topic: Will GS become next Arthur Andersen?
Replies: 114
Views: 44535

Will GS become next Arthur Andersen?

<t>There are some people on this board who have a good working knowledge of GS while I don't. However, I would not count GS out in this fight. GS will have the best legal team possible to defend itself. The government will have.....government lawyers. The publicity will get worse for them for a whil...
by KTE
June 28th, 2009, 4:34 pm
Forum: Careers Forum
Topic: Finance vs. dentistry
Replies: 30
Views: 41499

Finance vs. dentistry

<t>This thread is something else. A dentist is a licensed professional who can practice as long as customers and interests hold. Quant finance is hardly a defined profession, despite pretensions otherwise. Dental schools are few and, at least in the US, entry is difficult. Quant training (MS, MFS, F...
by KTE
June 22nd, 2009, 6:14 pm
Forum: Careers Forum
Topic: UCLA MFE v.s. LSE Msc Finance and Economics
Replies: 22
Views: 44485

UCLA MFE v.s. LSE Msc Finance and Economics

You did not mention whether you are enrolled in the regular (if that's the word) MSc or the MSc Research track. There now appears to be a big difference between the two at LSE.
by KTE
June 22nd, 2009, 1:16 pm
Forum: Careers Forum
Topic: UCLA MFE v.s. LSE Msc Finance and Economics
Replies: 22
Views: 44485

UCLA MFE v.s. LSE Msc Finance and Economics

<t>There was a time, possibly long ago, when the MSc from a good UK program such as LSE would put you well along in certain US PhD programs. But that was in terms of knowledge, not waivers or class credit. It might have given the chance to take comprehensive exams earlier and then move on to the dis...
by KTE
June 9th, 2009, 1:36 pm
Forum: Careers Forum
Topic: How long can this recession last , pour your views and references ?
Replies: 54
Views: 40951

How long can this recession last , pour your views and references ?

<t>No one knows. My concern is that, at least in the US, business cycles have been marked by swings in two of the major industries, housing construction and auto production/sales. Housing construction is at the lowest level since records have been maintained, or so I've read. It may have a sharp per...
by KTE
January 18th, 2009, 12:44 am
Forum: Book And Research Paper Forum
Topic: Book on ALM Non-Life insurance
Replies: 8
Views: 48518

Book on ALM Non-Life insurance

I think Martin Leibowitz, formerly of Salomon Brothers and TIAA-CREF, has published some books on shortfall risks that are worth a look.
by KTE
November 26th, 2008, 2:48 am
Forum: General Forum
Topic: Citigroup
Replies: 18
Views: 53597

Citigroup

<t>We don't need Citi per se, but since its share price fell by half in three days, a sudden failure a la Lehman would have not helped anything. The first $25BN they received was due to sheer laziness and stupdity on the part of Paulson and Co. The government just laid off a large portion of the $70...
by KTE
November 25th, 2008, 1:57 am
Forum: General Forum
Topic: Citigroup
Replies: 18
Views: 53597

Citigroup

<t>Why Citi and not the car companies? Two reasons, maybe: 1) A failure of Citi would cause a worldwide panic, at least. 2) Citi is probably an ongoing business after the aid package. The "Big 3" US automakers have 30 years of declining market share (now <50%) because they are not smart enough to bu...
by KTE
November 2nd, 2008, 3:56 pm
Forum: General Forum
Topic: Quitting PhD
Replies: 8
Views: 49042

Quitting PhD

Most people do not finish the phd and they do, in fact, rationalize their decison (if it was theirs) for the rest of their lives. Any decent program will tell you whether you are likely to make it through in a year or two, via the comprehensive examinations or faculty feedback.
by KTE
July 4th, 2008, 2:23 pm
Forum: Careers Forum
Topic: Financial mathematics vs mathematical economics
Replies: 7
Views: 53311

Financial mathematics vs mathematical economics

<t>If your question is whether there is a job or career just using mathematical economics, my opinion is that there are probably very few openings even at the universities. That said, my observation is that northern european universities seem to produce a lot mathematical economics papers and texts ...
by KTE
June 1st, 2008, 9:33 pm
Forum: Careers Forum
Topic: GRE MATH vs CFA Level 1
Replies: 5
Views: 55262

GRE MATH vs CFA Level 1

The GRE is a worldwide benchmark. The content of the CFA program is not known for its mathematical rigour. Not passing CFA I (or any of the 3 exams) is not an indicator of its mathematical difficulty but rather examination preparation and time managment skills. Concentrate on the GRE.
by KTE
December 5th, 2007, 2:15 am
Forum: Careers Forum
Topic: Is a recession likely in the works?
Replies: 13
Views: 62242

Is a recession likely in the works?

<t>The official definition of a recession is two quarters of negative real growth in gdp. I've never been fond of real gdp as the measure of recession because it is just too high level; some industries will continue to do well. The real issue is that the official body that measures such things in th...
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