<t>QuoteThe downside of that though, is that most of those big banks will not let you trade till after years (like 5 years)I think that is the main point. It will look much worse in his cv to join the bank, be frustrated after 2 years, and then do the prop shop. It is usually not a bad thing to show...

<r><URL url="http://specials.ft.com/spdocs/top40euroschools.pdfThis">http://specials.ft.com/spdocs/top40euroschools.pdfThis</URL> is the link. It's MBA plus EMBA, but of course it reflects on the Bschool as a whole.I thought Warwick is perceived as stronger because it's research enjoys more limeligh...

<t>I have heard that Cass Business School has been ranked second in the UK by the FT. But how about the rest of the world, I am sure they don't know?Does anyone know about how investment banks hiring in New York, Hongkong, etc. see it? I guess that LSE and Warwick would look much stronger than ICL o...

Quotesince it puts you in the driver's seat of what makes the world go 'round. That's an interesting thought. But I am sure someone at Thames Water, Heineken, or The Sun could claim the same. And my few hundred lots would not really change the fate of the world economy, would they?

<t>It's tricky to say, because "money" (be that bucks, or return on xyz) is the only measure of how good I am, and that's where the fun comes from. How about if all banks pay reward points that can be exchanged for being invited to CNBC, publishing your own book, knighthood etc.? I bet most of us wo...

http://217.65.224.195/nts/Natsource bought CBF, one of the better brokers there, and there is a lot of information available through their website and its even free for one month I believe.

PaperCut, Peter Bernstein deserves all the credit for bringing this back to memory - nice stuff indeed. A good motto for going back to work, let's build ourselves Fermion's "well". Have a good week!

<t>Although the CFA does cover alternative investments as well as derivatives for hedging, it is a very intensive study of securities valuation, investment, and portfolio management. If you will never bother about the balance sheets of individual companies, this might turn very, very boring! (and yo...

<t>Which is better, Schweser or Stalla? I've been quite happy with Schweser for Level 1, but I feel that they are not up to the task for Level 2 (the questions are now changed to be multiple choice, so there is no exam history. however, I do miss the exam flashbacks during the text, it would have be...

<t>Well, Optiver say on their website that they prefer people without previous work experience (!!?), and I believe that 4-8% PnL bonus for 2-3 years work experience are unjustified, or at least very rich. A profit threshold is not unusual at all. If you are single, 50K is pretty fine to survive in ...

Why then does the probability of exercise decrease with volatility?

<t>Let’s use an example. Per 8/2, options with expiry on 16/6 for ES settled as following:S&P500 ES Options (Globex)1200 Call = 34.501080 Call = 132.25InputsRFR = 2.85%Underlying = 1206.50We get for the “ATM” Call:Delta 0.54N(d2) 0.52Implied Vol.: 11.1%We get for the 10% ITM Call:Delta 0.948N(d2...

<t>I am not sure, David. What I am trying to do is construct an APT-type portfolio selection that uses, among other criteria, a "crashophobic" element. Say I am comparing asset classes, and I want to infer from an average volatility smile (using ask prices of each) the implied "crash" likelihood tha...

<t>This should be an easy one: how can I get the market-implied probabilities out of European option prices using the Black Scholes or Black 1976 framework? I looked up the question in two books ("Financial Claims and Derivatives", King 1999, and the Natenberg-Classic). The former says "N(d2) is act...