QuoteOriginally posted by: TraderJoeQuoteOriginally posted by: unkpathoh yeah? and how does she know this? do you honestly believe that someone who has been working in academia for the last 40 years and teaches a subject with rigorous mathematical foundations that is loosely related to the subject of interest to practitioners of finance, would have any insight as to what is unfolding in front of our eyes? why do you even bring this up? If you had quoted Bernanke, or Trichet, or even someone from a french economics bureau, I would have given that more credit. I am actually quite annoyed by a couple of french pigistes/journalists working for le monde - the so called french quality centre-left newspaper - who set out every few months to write another highly inaccurate paper about how great things done in france just are, when it comes to quantitativefiance. it is always really always the same crap, like "70% of the quant population are french and come from el karoui's dea" or "you may not have known, but in actual fact french engineers are the smaterst in the world, but don't get this wrong, french engineers from ecole polytechnique are actually an orderof magnitude smarter than french engineers from ecole centrale, etc, etc..." . it's just ridiculous. french quants are ball park, that's it and that is great, but that's it. I wish my nation stopped having this eternal inferiority complex pushing some its citizen to permanently try to convince others, but especially themselves, that there is such a thing as the "exception francaise" and that, yes, they are actually fit to compete at all with the bad non-french and bad anglo-saxons, and do that by saying that they are just better than the rest. cut the crap. and what the hell does el karoui know about financial markets liquidity, cash supply, asset backed securities, etc... anyway. if she was smart she would have suggested the journalist that the question asked is an irrelevant question to ask in the first place... duh! And she's only very average in the field of mathematical finance anyway, and probably on the wane.TJ.As for the Financial Modelling Group at Ecole Polytechnique. OK, so Rama Cont and Peter Tankov (1995 - 1998 St. Petersburg State University, department of physics; major: quantum field theory) are there, but that's about it.
Last edited by TraderJoe
on March 30th, 2008, 10:00 pm, edited 1 time in total.