SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by hayes
October 2nd, 2008, 7:37 am
Forum: General Forum
Topic: congress morons
Replies: 97
Views: 59781

congress morons

<t>WTF?!?CHANGES TO BILL (aka "sweeteners") Tax breaks to help small businesses Tax breaks to promote renewable energy Expansion of child tax credit Help for victims of recent hurricanesIt reminds me of an episode in The Simpsons where Lisa gets a motion passed in Congress by paperclipping it to a "...
by hayes
October 1st, 2008, 2:47 pm
Forum: Trading Forum
Topic: We're obsessed with the wrong models
Replies: 74
Views: 57230

We're obsessed with the wrong models

<t>Yes - And so is the binomial option pricing model*.But if we stop using them how do we teach finance undergrads about pricing options?..... Unrealistic for the real world doesn't mean "useless".I don't think anyone here has really said as much, I just wanted to make sure that before you throw out...
by hayes
September 30th, 2008, 2:40 pm
Forum: General Forum
Topic: What is a (real) quant?
Replies: 6
Views: 48933

What is a (real) quant?

Yura - Really interesting, thank you!
by hayes
September 29th, 2008, 2:29 pm
Forum: General Forum
Topic: How to Destroy A Bank
Replies: 12
Views: 53319

How to Destroy A Bank

<t>Completely agree. My first job was in the civil service and I got to see it first hand. You pay peanuts, you get monkeys.I don't want to push the stereotype, there are very good people working in the public sector across all departments. I think that competitive pay is the way forward but it will...
by hayes
September 29th, 2008, 11:01 am
Forum: General Forum
Topic: Doctoral Dissertation Topic Generation Help Needed
Replies: 16
Views: 50487

Doctoral Dissertation Topic Generation Help Needed

QuoteOriginally posted by: sigmaPiThis is a US board.Not really....
by hayes
September 26th, 2008, 7:13 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

<t>QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: leehayes81QuoteOriginally posted by: katastrofaleehayes81: Complex financial instruments are not exempt from ethical judgement.Do you think the Archbishops had a reasonable amount of knowledge and understanding of shortselling before...
by hayes
September 26th, 2008, 6:39 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

QuoteOriginally posted by: katastrofaleehayes81: Complex financial instruments are not exempt from ethical judgement.Do you think the Archbishops had a reasonable amount of knowledge and understanding of shortselling before making their ethical judgement?
by hayes
September 26th, 2008, 4:15 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

<t>Katastrofa - I agree that global poverty is something we don't do enough about as a planet, politicians seem more concerned about hosting conferences and photo opportunities, whilst the great unwashed think they are healing the world by winning free tickets to pop concerts, (and selling them on e...
by hayes
September 25th, 2008, 8:02 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

Cuchulainn - Message I sent was at the beginning of the thread here. I doubt that they'll respond but then figured I'd get a better response if I posted it here! Will definitely let you know if I hear anything back.
by hayes
September 25th, 2008, 7:19 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

<t>dpm25 - Good point, a lot of churches have accumulated massive portfolios over the years, especially the Catholic church. They're probably all long, not to mention the affect the credit crunch must be having on collection plate takings!!!Paul - Very true. Whilst I never intended to mislead with m...
by hayes
September 25th, 2008, 6:48 am
Forum: General Forum
Topic: What Would Jesus Do?
Replies: 34
Views: 51796

What Would Jesus Do?

<t>I've just written an email to the BBC, yes, I've become "Mr Angry from London", apparently the church has an opinon on the economy as well, I hope everybody is paying attention:Here is the article: Archbishops decry City traders The message read: With all due respect to a man of God who clearly c...
by hayes
September 20th, 2008, 9:57 am
Forum: General Forum
Topic: Basel II
Replies: 6
Views: 48909

Basel II

<r>QuoteOriginally posted by: GreekMartingaleBasel II allows banks to use internal risk management systems to evaluate the necessary capital. How do you think things will change in Basel II from now on given that everything went terribly wrong?I have just been involved in this thread:Solution: Back ...
by hayes
September 20th, 2008, 9:19 am
Forum: General Forum
Topic: Short Selling
Replies: 26
Views: 52173

Short Selling

QuoteOriginally posted by: TraderJoe Ho hum. Back to physics...Oh well, if they won't let us blow up the world using finance maybe we'll have better luck with CERN.
by hayes
September 18th, 2008, 8:42 pm
Forum: General Forum
Topic: Solution: Back to "Prudent Man Rule"?
Replies: 29
Views: 51098

Solution: Back to "Prudent Man Rule"?

<t>The prudent investor w/ stress testing was a joke! But I see where your argument is coming from.Pulling out my textbook tells me that the uniform prudent investor act 1994 does already account for different levels of "risk and return objectives reasonably suited to the trust". I didn't know that ...
by hayes
September 18th, 2008, 3:55 pm
Forum: General Forum
Topic: Solution: Back to "Prudent Man Rule"?
Replies: 29
Views: 51098

Solution: Back to "Prudent Man Rule"?

<t>Hmmmm, I do see your point.Maybe we need a "Prudent Investor that can handle severe stress-testing" rule. (That wouldn't get complicated at all!)Alternatively, I guess you just have to weigh up the additional positive returns by taking on some risk with the cost of lower returns by reducing your ...
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