Here's some news for quants - you are responsible for a disaster and one day will be held to account for it.
Quantly: News for quants
21–29 of 29 posts
Re: Quantly: News for quants
#22Does anyone have any suggested reading on learning about this sort of thing? It looks like a fascinating area but I can't figure out where to start.
Re: Quantly: News for quants
#23Quants in banks are generally not working high-frequency trading which this website seems to focus on, and which generally requires very limited modelling. Therefore HFT is often the province of IT teams, though quants may have some input. The role of quants tends to involve hedging, calibrating models, and sensitivities -- http://www.risk.net/type/technical-paper
As a rule of thumb: it is quanty iff the word convex is employed. Interestingly, this can be abused by the uninitiated -- "Have you considered the convexity of the underlying?" etc. -- to pretend to a deeper, quantier knowledge than that possessed.
Depending on the asset class there are more specific books but "Options, Futures, and Other Derivatives" by Hull is a good starting point.
Re: Quantly: News for quants
#24Does anyone have any suggested reading on learning about this sort of thing? It looks like a fascinating area but I can't figure out where to start.
0. http://www.quantnet.com/quantnet-best-selling-books-2010/ ( you must start here ) 1. http://finmath.uchicago.edu/new/msfm/prospective/plan_readin... ( i graduated last month from this pgm. if you have 50K$ and 9 months to spare, its not such a bad idea to apply. i believe 50% of graduating class found a quant job with max paycheck 165K & 20-100% sign-on bonus ( hope this isn't classified info :) If you are smart,…
The "you must start here" is nothing but a popularity list. It does not really speak to the quality of the titles. Can you recomend anything specific from the list to start with?
Re: Quantly: News for quants
#25Quantly is woefully inactive: http://quant.ly/newest says the latest 3 posts (not counting the 3 that were posted after the HN post) were 1, 7, 18 days ago respectively.
Re: Quantly: News for quants
#26May the grace of nickb be with you.
Re: Quantly: News for quants
#27Does anyone have any suggested reading on learning about this sort of thing? It looks like a fascinating area but I can't figure out where to start.
Check out QuantNet (http://www.quantnet.com), Wilmott (as SkyMarshal linked below) and Nuclear Phynance (http://www.nuclearphynance.com/). AFAIK, they're the most active forums for quants and usually don't mind answering questions for beginners/students.
Re: Quantly: News for quants
#28That didn't last very long. 12 points and now there's a proxy error...
It's been down the past few hours. They've been HN'd (or YC'd or w/e analogue to /. )
Re: Quantly: News for quants
#29Does anyone have any suggested reading on learning about this sort of thing? It looks like a fascinating area but I can't figure out where to start.
0. http://www.quantnet.com/quantnet-best-selling-books-2010/ ( you must start here ) 1. http://finmath.uchicago.edu/new/msfm/prospective/plan_readin... ( i graduated last month from this pgm. if you have 50K$ and 9 months to spare, its not such a bad idea to apply. i believe 50% of graduating class found a quant job with max paycheck 165K & 20-100% sign-on bonus ( hope this isn't classified info :) If you are smart,…
what are the essential skills that every quant needs to have