Posts by sandman

. said:

Interviews in the Magbas sense of the word?

. said:

You don't even have your MBA

. said:

How well is your degree working out for you Sean.

. said:

I can't believe 1982 was 30 years ago.

KM.as.a.dot said:

The fuck if I know. The sheet itself is protected so I cant dig into how the sausage is made and I have never seen a 30 year overnight index swap trade in the market so I have no idea if its right or not.



You need a lot of correlation data to make these things work, which is kinda pointless with illiquid products.

KM.as.a.dot said:

Its pretty incredible, those guys can answer any question you need to know on modelling in great detail for free. The overnight index swap pricer I have built into my current spreadsheet was lifted directly from somebody there.

KM.as.a.dot said:

If you want to see what quant work is like check the numerical methods forum here:

http://wilmott.com/categories.cfm?catid=34

KM.as.a.dot said:

Most of the really good stuff is written by the guys who rip peoples faces off in the market, and THEN write a paper laughing at their counterparties and showing them why their model is wrong.

This happened in my market a year and a half ago. One guy figured out a better way to model his OTC derivatives trading around underlying collateral arbitrages and made a fortune ($1 billion off of ONE counterparty alone).

The dorks at universities spout a lot of nonsense that means nothing in reality. I would argue that basing your trading strategies around the macro economic fundamentals you were taught in university is a 169% GUARANTEED way to lose money.

. said:

So wrong. Those maths were not developed by academics.

KM.as.a.dot said:

Meh, every transaction has a seller and a buyer. If you dont want to participate then dont play.

If there is no middle class there is no market for the rich to sell to. Henry Ford always wanted to pay his workers enough to buy one of his cars, but then again he was an insane anti semite so what did he know.

KM.as.a.dot said:

So true. We have academics in finance, too, and I wish I was one. It sucks to have a job where you need to show tangible results.

I wish I had a job where my contemporaries and I could just give each other awards all day for spouting theoreticals that will never be the scrutinized by application in reality.

. said:

You mean they can get into horrible amounts of DEBT when trying to buy a house and car.

Take EASY DEBT out of the equation, and you start to see how pathetically few people in the USA can buy durable assets.

. said:

Good god, moron! Chomsky is in the ranks of the most-quoted learned PHILOSOPHERS. Period.

And then you pulled out fucking Yogi Berra.

SO CHOMSKY IS IN THE RANKS OF SOCRATES AND FREUD. SO WHAT? SO IS YOGI BERRA AND MURPHY, YOU KNOW, THE GUY BEHIND ALL THOSE "MURPHY'S LAWS"!
\

. said:

Not so, my lib-tard friend. Romney was a high producer right outta school whilst working at BCG, where several then-senior guys started their own management consulting co. called Bain Capital Mgmnt (prime founder's name). Although young, he was tapped for the new firm.

Bain's ideal was blasphemy at the time: buy into the companies consulting with and run them better, then sell.

Smarts + Money = Mo Money = knows how to budget. Romney made millions because he earned it. Granted he had a good start, just like you did, but you wasted your talents.

Obama = knows how to spend other people's money.

. said:

I don't. You can raise the private income tax if you like.

I do see a correlation between money being controlled by the private sector (rather than the government) and an efficient, growing economy. Provided there is a degree of oversight and transparency, which was sold out during the Clinton/ Bush / Obama years.

. said:

of course, he is a repuke who belives that all societal problems will be solved by more wars, hate ghey, and tax cuts for the rich.

. said:

Not really a casino. More like stepping up to bat.

In any given day, an A-Rod can strike out, while a minor leaguer can hit one over the wall. Josh Hamilton may bat .ooo in one game, and hit 4 homers in the next.

Luck plays a part. There is no way to assure success. But there is a way to assure failure: Never step up to the plate.

. said:

Then create some.

. said:

well, if the ideal repuke economy is a casino. then obviously those who bet randomly but WIN made the great decisiions; while those who bet randomly but LOST made shitty decisions.

In the mind of a repuke, it is all black and white, except they forget that the 1 percent play the house and skim off all winning.

. said:

"JOBS AREN'T COMING BACK."

Wow. How profound.

70% of jobs do not come back. They disappear -- not to China, but into the past.

Blacksmith, Horse & buggy manufacturer, door to door salesman, elevator operator... jobs are always going away. And most of them do not return. And, strangely, economies continue to grow, and people continue to work, and new products continue to be invented.

So what is Chomsky's point? To say something obvious, but to do it in a convoluted way so that it sounds profound?

. said:

Hey, sandman, yes all your poor decisions have put you at a tremendous disadvantage to all those 1%ers. It's too late to achieve that level of success. But if you work hard you might be able to retire on something better than kibbles and bits.

. said:

because anything after the bible is liberal. A good repuke needs no education beyond the teaching of Jebus and no need to waste money on books and liberal educations. Just buy a bible and reread it over and over agian. This is how you become a self-made millionaire by "hard work" and praying to Lord Jebus.

. said:

Among other things. But you have to own your own business, and not just be a worker bee.

You have never done the former, and I doubt that you've had much luck as the latter, either.

A million dollars is pre-rich. You don't have nearly enough to retire. You think you are elite but you aren't.

I imagine these nicotine-stained fingers pounding the tron-lit keyboard with F2 in one window and tranny porn in the other.

BUT IM A MEEEEELIONAIRE : I MADE ONE MEEEEEELION DOLL HAIRS!

. said:

I don't. I was born into a blue collar family that I love, but made a million dollars.

You could do it, too, if you'd stop trolling and actually do something productive.

Because all people who made a million dollars are productive.

The rich are productive.

The richer you are the more productive you are.

The more productive you are, the richer you will become.

It's all based on how HARD YOU WORK!