SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by dionysius
November 22nd, 2008, 5:58 am
Forum: General Forum
Topic: buffett and equity valuation
Replies: 10
Views: 47554

buffett and equity valuation

<t>QuoteIn other words how can you say that a stock is below its fair value when there are several ways to calculate fair value and market psychology might change in the future so that current rules for calculating fair value are meaningless. I think the answer to this question is that he just doesn...
by dionysius
November 17th, 2008, 9:49 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>QuoteAlong the same line, do fashion designers, game developers, chefs, sportsmen.... add value to the world? Just a short twenty/thirty years ago, roughly half of the world believed/ forced to believed that those who did not enhance the productivity of the society (in a narrow sense) were parasi...
by dionysius
November 17th, 2008, 7:31 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>Quotewell, any broker can do that by churning his customer's account. why do you need a quant to churn your account?Don't know if you understood me correctly. Never said we need quants for anything - in fact, that is the question.As for the evolution of financial markets, is that really all that ...
by dionysius
November 16th, 2008, 10:28 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<r>QuoteIf quanting is not valuable, it will automatically disappear, eventually.This is what I'm afraid about. On the one hand, I want to work in a job that adds value. Otherwise, I wouldn't truly love my job, which answers the "Do I like what I am doing?" question. On the other, I think quant jobs...
by dionysius
November 16th, 2008, 5:45 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>QuoteOriginally posted by: Marsden"Do quant strategies add value to the world?"Quant strategies? Yes. Please elaborate.ArthurDent: How does a new programmer not add value? Without them, softwares wouldn't be built. Trading for general goods add value since you're bringing goods from places of hig...
by dionysius
November 16th, 2008, 2:43 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>Quote0.Define value.It improves other people's lives. I don't want to be overtly philosophical about this.Quote1.Quants create models for trading. Does trading add value to the rest of the world?Trading in general, yes. I do know some economics. But I have yet to be convinced trading done by quan...
by dionysius
November 16th, 2008, 2:40 am
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>I would think it adds value because you're generating demand for a security. If you buy and sell right away, you're not really generating demand - you're relying on other people's demand to take the security off your hands. Without any demand, the securities wouldn't sell. With low demand, the se...
by dionysius
November 15th, 2008, 11:51 pm
Forum: General Forum
Topic: Do quant strategies add value to the world?
Replies: 32
Views: 49733

Do quant strategies add value to the world?

<t>Hello there. I'm a PhD student studying financial mathematics, and considering a career as a quant. One thing that is bothering me about this career track, is that I'm having a hard time seeing just how quants add value to our world.Take for example high frequency trading strategies. If an invest...
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