Serving the Quantitative Finance Community

Search found 13054 matches

by farmer
July 7th, 2004, 6:41 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: RowdyRoddyPiperDuration has nothing to do with equities. I don't know where this comes into the argument. There is no equivalent to duration in the equity worldI'd be willing to risk $5 to get $15 back, that the first equity-valuation model you were taught in college wa...
by farmer
July 7th, 2004, 12:09 am
Forum: General Forum
Topic: Monte Carlo Simulation on FX Options
Replies: 3
Views: 183395

Monte Carlo Simulation on FX Options

<t>QuoteOriginally posted by: kimkcwhat is the expected growth rate of fx rate? Is it interest rate differential b/w two currencies?If you believe FX Concepts, you will earn more than the risk-free rate investing in a country with a higher interest rate than your home currency. In other words, if yo...
by farmer
July 6th, 2004, 10:06 pm
Forum: Careers Forum
Topic: Hedge Fund
Replies: 8
Views: 184178

Hedge Fund

<t>QuoteOriginally posted by: abcdWell at 27 he achieved a lot. What opportunities are ther to become partner at 27. In bamking are you given responsibility early on to reach such heights or was he lucky.Usually the way you become a partner, is by bringing in enough business working on a salary, to ...
by farmer
July 6th, 2004, 9:45 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorAnd when or how did lender's/banks become active investors.The day CitiGroup's loan portfolio stopped mirroring the S&P 500. Or was Yukos a recent index add?Just out of curiosity, would you advocate duration and company capital-weighted indexing as a way to ma...
by farmer
July 6th, 2004, 9:14 pm
Forum: Student Forum
Topic: Where can I find: A good analysis of the Asian currency crisis in the late 90's
Replies: 4
Views: 183541

Where can I find: A good analysis of the Asian currency crisis in the late 90's

<t>Here's a guess: The growth rate was too large a percentage of the gross national product, such that errors in predicting the growth rate when setting the money supply, created large percentage errors in the money supply. Since the error in the money supply should be proportional to the error in p...
by farmer
July 6th, 2004, 8:46 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorAnd no, investors don't create a company: an entrepreneur, customers and a product do.So Vanguard verifies all these to be adequate before buying? Here's a quote from a 2001 news story about Lucent:QuoteLucent said it expected overall industry spending to decline ...
by farmer
July 6th, 2004, 8:34 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorYou know of couse that the majority of businesses in the US are small, private LLC/LLP's with I dare say, have no outside investors.And how many of these does John Bogle invest in?Anyway, every small business owner has a loan of some type. And it would be rididulo...
by farmer
July 6th, 2004, 8:11 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorHow do active managers "invent" stocks?By choosing to finance, directly or indirectly, a company which no other company in existence looks exactly like. And by choosing which, among an infinite possible variety of designs, will be the one pursued by management.Whe...
by farmer
July 6th, 2004, 8:03 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorYou don't active managers to invest in OTCBB stocks, you can let the mob handle that for you.So you would argue that a sea of clock-punchers and slot-machine addicts will, by their own stupidity, turn a BB stock into an S&P 500 stock; at which point Bogle will...
by farmer
July 6th, 2004, 7:57 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorHow do they got about inventing stocks: mix two parts vermouth, with one part vodka? What do you mean, invent? Nobody invents stocks, they are issued.You could also say "nobody invents inventions, they are built." But your recipe metaphor fired up a synapse that h...
by farmer
July 6th, 2004, 7:47 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorWhat are you talking about, active managers inventing stocks? How do they got about inventing stocks: mix two parts vermouth, with one part vodka? What do you mean, invent? I've never heard of active managers inventing stocks. Nobody invents stocks, they are issue...
by farmer
July 6th, 2004, 7:34 pm
Forum: Careers Forum
Topic: Hedge Fund
Replies: 8
Views: 184178

Hedge Fund

<t>QuoteOriginally posted by: abcdan ex-goldman employee. he was a partner by 27 how did he manage that one must have been a real whiz.Huh? According to the article I read, he was in equities in 1999. According to the standards of the day, that would put him somewhere between a deadbeat moron and a ...
by farmer
July 6th, 2004, 7:17 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>QuoteOriginally posted by: TrevorEvery report I've seen states that the average active manager has negative alpha. What the hell are you paying them for?The active managers are picking which stocks the index funds will hold. If indexes have any alpha, it is a result of investment selection by act...
by farmer
July 6th, 2004, 4:13 pm
Forum: General Forum
Topic: Vanguard's Bogle is a Retarded Bozo
Replies: 28
Views: 186119

Vanguard's Bogle is a Retarded Bozo

<t>Vanguard Fund outgrew Magellan for the first time on April 4, 2000. An historic market collapse ensued. Why? Because the great scam artist, John Bogle, had more zombies hanging on his non-stop televised lectures about index funds outperforming active managers, than Big Brother. But is how active ...
by farmer
July 5th, 2004, 1:25 pm
Forum: Technical Forum
Topic: passport options and wrongly hedged options
Replies: 3
Views: 184209

passport options and wrongly hedged options

How do you hedge an option with an unknown strike price?Use a monte carlo to simulate the strike price?How do you hedge an option when it is unknown whether it is a put or a call?Kill yourself?