<t>Toofishy,My impression is that you just arbitrarily make up something or throw out terms (such as hedging argument, risk neutral pricing, martingale, put-call parity, implied vol, short-selling and many others) and desperately hope that people (or potential employers) will think you are really an...

<t>QuoteOne thing to keep in mind that expertise is relative. In a room full of traders, my knowledge of derivatives is preschool. However, in a room full of lawyers, bank managing directors, economists, and securities regulators, I am the guru on derivatives pricing. Most of them have no idea what ...

<t>QuoteThe four possible reasons I can think of are that you can't sell short, there isn't an obvious risk-free asset, the stock/value relationship isn't obvious, and/or insider trading.Mr. Twofish and guru in finance!First, short selling is indeed one of the factor. However, you were told of this ...

<t>QuoteI do suffer from the "mountain-climbers syndrome" in that I find enjoyment in (figuratively) climbing mountains and get a little sad when I make it to the top. That's a reason why I tend to focus on *big problems* (i.e. Chinese economic reform is likely to keep me occupied for the rest of my...

<t>QuoteOriginally posted by: alexandreCeventhough I am not experienced on the field, I would agree with Cuchulainn observation.Its difficoult. But there are counter examples;a good freind of mine was a trader for 6 years, and came back to academia for a PhD.Things are a bit funny, he is older than ...