Thanks Maelo!

Thanks Maelo. I poke around but did not find a thread comparing different CQF available. Would you be a little more specific on the thread?

Thanks iuliny. I will get the Meucci's book and read the relavent chapter for better understanding.

<t>I am really newbie here and don't know too much about this field but want to have a start by getting some certificates. Would you guys give some suggestions?What is the best set of certificates for a quant to have for better job opportunities?CFA, CQF or some other certificates?Which certificate ...

<t>Thanks Gardener3! You mean everywhere people mentioning normal distribution assumption really refer to CAPM instead of efficient frontier. Correct?Even in the first developed CAPM, investors are assumed to make decision solely on mean and variance but an equivalent assumption is the normal distri...

Modern Portfolio Theory and Investment Analysis by Edwin J. Elton, etc

Search online, there are tons of places offering certificate for quantitative finance. Is there a single most well known certificate for quantitative finance like Lexus in cars?

<r>This is exactly what I think too. But look at the <URL url="http://en.wikipedia.org/wiki/Modern_portfolio_theory">http://en.wikipedia.org/wiki/Modern_portfolio_theory</URL> on the criticism part. The first is "Asset returns are (jointly) normally distributed random variables". Do you know where t...

<t>My friends have the same double on the epxected returns/volatilities from historical data. But what models for correlation/volatility do not depends on the historical data? Do we have statistics on the improvement of using fundamental analysis over simple exponential moving average of the histori...

<t>A lot of places mention one restriction of Efficient frontier is the assumption of normal distribution for the risk returns. However, where the assumption is applied in the process of mean variance analysis? It does not seem appear in the process of formulation of expected returns or covariance m...