SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
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deepvalue
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Joined: April 25th, 2007, 6:08 am

money, money money -- is that all people here care about?

May 20th, 2009, 3:31 am

true or false: the main goal in a quant job is to make a lot of money. you don't care about title or daily work. Is quanting a nobel profession like medicine or law or ministry? Is a quant more than a white collar prostitute?
Last edited by deepvalue on May 19th, 2009, 10:00 pm, edited 1 time in total.
 
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yoshimura1
Posts: 238
Joined: July 5th, 2005, 1:25 am

money, money money -- is that all people here care about?

May 20th, 2009, 4:31 am

money is all it is about
 
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AbhiJ
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money, money money -- is that all people here care about?

May 20th, 2009, 4:47 am

QuoteOriginally posted by: deepvaluetrue or false: the main goal in a quant job is to make a lot of money. you don't care about title or daily work. Is quanting a nobel profession like medicine or law or ministry? Is a quant more than a white collar prostitute?If this is true than anybody who is doesn't work for the sake of working is a WCP.This includes 99% of population.All the lawyers,most doctors and engineers included.
 
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Maelo
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Joined: July 28th, 2002, 3:17 am

money, money money -- is that all people here care about?

May 20th, 2009, 5:22 am

OH NO..it is not only money we care about..we also care about rolex's/Carthier, BMW/Mercedes/Maserati, young beautiful women, nice dinners and good wine..How come you dare to think we only care about money!!!
Last edited by Maelo on May 19th, 2009, 10:00 pm, edited 1 time in total.
 
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quantyst
Posts: 632
Joined: June 4th, 2008, 5:08 am

money, money money -- is that all people here care about?

May 20th, 2009, 5:29 am

QuoteOriginally posted by: deepvaluetrue or false: the main goal in a quant job is to make a lot of money. you don't care about title or daily work. Is quanting a nobel profession like medicine or law or ministry? Is a quant more than a white collar prostitute?Don't prostitutes provide valuable service?I've heard that a mathematician who ceases to do research but instead parlays his/her talent for remunerative but socially valuable pursuits is called a prostitute by his/her erstwhile colleagues. This label is even applied to those who become non-research math teachers.If reputable ibanks, as well as other types of investment firms, hire quants (as some kind of prostitutes), what does this say about the ibanks and the firms themselves?
 
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phil451
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Joined: December 7th, 2007, 8:21 am

money, money money -- is that all people here care about?

May 20th, 2009, 8:06 am

Clearly you don't have 6 children a wife and an ex-wife.I would love to work only for the love of Mathematics. However, there is a queue of people who have a vested interest in my earnings before me.
 
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twofish
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Joined: February 18th, 2005, 6:51 pm

money, money money -- is that all people here care about?

May 20th, 2009, 11:06 am

The main goal of quant work is to make decent amounts of money doing interesting things, with the possibility for making huge amounts of money if you get lucky.deepvalue: Is a quant more than a white collar prostitute? One nice thing about business is that no one makes you feel guilty for wanting to have a decent life. What happens in academia is that people make you feel guilty for not wanting to be poor which really stinks because that subjects you to vast amounts of exploitation by people that aren't nearly as poor as they you want to be. When you have tenured faculty reduce their salaries to grad student, adjunct, and post-doc levels, then I'll take seriously talk about "nobility."
 
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quantwannabe2
Posts: 16
Joined: September 22nd, 2008, 12:07 pm

money, money money -- is that all people here care about?

May 20th, 2009, 12:33 pm

yep, show me the money.
 
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ThinkDifferent
Posts: 659
Joined: March 14th, 2007, 1:09 pm

money, money money -- is that all people here care about?

May 21st, 2009, 9:01 am

yep, it's only money + a lot of intellectual fun. oh, yeah...and do not buy this "allocation of capital" nonsense, venture capitalists do allocation fo capital, quants are involved in, ultimately, money shuffling. So, they are not more useful than, for example, people running casinos. quant finance has nothing to do with productivity or GDP, all it does is make rich relatively few people + some universities.
Last edited by ThinkDifferent on May 20th, 2009, 10:00 pm, edited 1 time in total.
 
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twofish
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money, money money -- is that all people here care about?

May 21st, 2009, 9:51 am

QuoteOriginally posted by: ThinkDifferentoh, yeah...and do not buy this "allocation of capital" nonsense, venture capitalists do allocation fo capital, quants are involved in, ultimately, money shuffling. So, they are not more useful than, for example, people running casinos."Money shuffling" and "allocation of capital" seem to be just different marketing terms for the same thing.Anyway, quants do different things, and one of the criteria that I used for my job was that it had to be something that I could convince myself was socially useful. I happen to be a believer of markets, and I have this crazy belief that over the long term that jobs with no socially useful functions will be eliminated.
 
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Anthis
Posts: 4313
Joined: October 22nd, 2001, 10:06 am

money, money money -- is that all people here care about?

May 21st, 2009, 10:19 am

QuoteOriginally posted by: phil451Clearly you don't have 6 children a wife and an ex-wife.I would love to work only for the love of Mathematics. However, there is a queue of people who have a vested interest in my earnings before me.Why you stopped at 6? In your position i would invest more in this talent...A soccer team of 11 brothers can beat virtually any team of any league...
 
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FalsePositive
Posts: 93
Joined: March 10th, 2009, 1:12 am

money, money money -- is that all people here care about?

May 21st, 2009, 8:43 pm

Of course, money is important, but the way I see it is that the point is mostly about maintaining your competitive edge. Quants spend more than half of their daily life at work, so they'll have to find a way to justify their lives. It's not always easy to enjoy your job (sometimes things are not as interesting as they used to be), however, I believe, it's always necessary to appreciate the magnificence of what you're doing. Quants contribute to their firm by developing strategies to exploit inefficiencies of the market. If you're not too ethical, you can see this as an opportunity for intellectual and material growth. To me, market provides an ultimate battleground for fighting over resources. In such a fierce competition, you don't want to be a loser to easy money,.. You want to create and exploit as many opportunities as you can.. I believe it's particularly this competitive attitude which can keep you going. The flow of money is not always guaranteed..
 
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quantmeh
Posts: 5974
Joined: April 6th, 2007, 1:39 pm

money, money money -- is that all people here care about?

May 22nd, 2009, 1:28 am

russians say that money is not important, but the amount of money is
 
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quantus
Posts: 28
Joined: July 22nd, 2007, 6:49 pm

money, money money -- is that all people here care about?

May 22nd, 2009, 2:04 am

Last edited by quantus on August 6th, 2009, 10:00 pm, edited 1 time in total.
 
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QuantOption
Posts: 269
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money, money money -- is that all people here care about?

May 22nd, 2009, 5:50 am

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