SERVING THE QUANTITATIVE FINANCE COMMUNITY

Search found 36 matches

by photoguy
September 24th, 2010, 2:04 pm
Forum: Careers Forum
Topic: What usually happens when the person who hires you resigns?
Replies: 6
Views: 24545

What usually happens when the person who hires you resigns?

With only two months at the firm, I wouldn't be optimistic about severance. My current firm's policy is no severance with less than six months, but since they aren't jerks they would probably give you a couple extra week's pay. Obviously, YMMV.
by photoguy
September 23rd, 2010, 12:08 pm
Forum: Careers Forum
Topic: How can I move to California after three years on the Street?
Replies: 8
Views: 25645

How can I move to California after three years on the Street?

If you are looking for someplace warm, you want to move to *southern* California.
by photoguy
September 21st, 2010, 4:26 pm
Forum: Careers Forum
Topic: Genius working for DE Shaw
Replies: 320
Views: 128467

Genius working for DE Shaw

<t>QuoteOriginally posted by: traderjoe1976QuoteOriginally posted by: farmerIt is also a consideration that DE Shaw is in Manhattan. I remember a writer pointed out that official/census poverty is greater in Palo Alto, California than in East Palo Alto, a run-down ghetto dump. All these Stanford stu...
by photoguy
September 11th, 2010, 12:35 am
Forum: Careers Forum
Topic: Engineering PhD switching to MBA Finance
Replies: 55
Views: 30745

Engineering PhD switching to MBA Finance

All of that is true in my view, but it remains the case that the MBA solves political problems that the alternatives do not. The point of MBA programs is not to learn things that you otherwise couldn't learn.
by photoguy
September 10th, 2010, 11:20 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteOriginally posted by: tu160From my perspective wealth should be direct consequence of good financial decisions. And if you get your wealth by chance (inheritance, lottery etc) it could be redistributed by market forces if your intellectual capacity is not enough to sustain it. Also it seems ...
by photoguy
September 10th, 2010, 9:58 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteI don't understand you. Do you claim that they can hire good lawyers, doctors and servants but for somehow reason can't hire good financial advisers?What I am saying is that having wealth does not, in and of itself, mean you are going to make good financial decisions. With lawyers and servan...
by photoguy
September 10th, 2010, 9:39 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteOriginally posted by: tu160>> I'm not judging anyone's mental capacity.Actually you do. They are completely capable to hire extremely qualified financial advisers and specialized firms to run detailed due diligence etc.You have confused investing acumen for mental capacity. John Barth is a r...
by photoguy
September 10th, 2010, 9:25 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteOriginally posted by: tu160>> Such investors are (erroneously) assumed to be sophisticated enough to sniff out an such dishonesty on their own. So you want to judge mental capacity of individuals with 1+ mil networth? I'm not judging anyone's mental capacity. I'm just saying that the earning...
by photoguy
September 10th, 2010, 9:00 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteOriginally posted by: tu160QuoteOriginally posted by: photoguyQuoteOriginally posted by: tu160whats the problem with that? Money will move from stupid people to smart people, that is how market works. HF are entities for "qualified sophisticated investors", they don't screw orphans and widow...
by photoguy
September 10th, 2010, 6:57 pm
Forum: Careers Forum
Topic: what is statistical arbitrage?
Replies: 35
Views: 27327

what is statistical arbitrage?

<t>QuoteOriginally posted by: tu160whats the problem with that? Money will move from stupid people to smart people, that is how market works. HF are entities for "qualified sophisticated investors", they don't screw orphans and widows.Sure they do. Lots of those qualified investors are pension funds...
by photoguy
September 10th, 2010, 1:08 pm
Forum: Careers Forum
Topic: Engineering PhD switching to MBA Finance
Replies: 55
Views: 30745

Engineering PhD switching to MBA Finance

<t>Harvard says that their program can be beneficial with "at little as 2-3 years of work experience." That is news to me about Stanford; I know people there and was under the impression that the students generally had very good experience going in. Still, this has to be the absolute hardest way to ...
by photoguy
September 10th, 2010, 12:33 pm
Forum: Careers Forum
Topic: Engineering PhD switching to MBA Finance
Replies: 55
Views: 30745

Engineering PhD switching to MBA Finance

I don't think I've ever heard of anyone getting into a top MBA program (by which I assume we are referring to HBS/Wharton/CBS/Kellog/Booth/Haas/Stanford in the US) without professional experience. These programs are targeted to people with 2-3 years in a junior role.
by photoguy
September 9th, 2010, 8:34 pm
Forum: Careers Forum
Topic: Engineering PhD switching to MBA Finance
Replies: 55
Views: 30745

Engineering PhD switching to MBA Finance

No professional experience -> virtually no chance.
by photoguy
September 1st, 2010, 6:51 pm
Forum: Careers Forum
Topic: How much time do you typically spend learning the background?
Replies: 6
Views: 24786

How much time do you typically spend learning the background?

<t>QuoteOriginally posted by: Yossarian22I found myself in a similar situation in 2005. You never stop learning. There are a number of sides to this profession. Buy,Sell - Fixed income,Equity,Credit,FX - Vendor,Inhouse Models - Convention,Theory,Practice - HedgeFund,Investment Bank, Insurance/Reinsu...
by photoguy
September 1st, 2010, 5:23 pm
Forum: Careers Forum
Topic: set up a consulting firm in China
Replies: 8
Views: 24618

set up a consulting firm in China

Study up on the repatriation laws. My impression is that they are quite complex.
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