Recent content by EquityGuy4321

I think neither. Once he made a name for himself and began accumulating AUM after the crash, he likely saw no upside in this video being out there, and perhaps saw the publicity as a potential negative given most HF managers in those days wanted to fly under the radar. If someone thinks there...

Well, ask yourself: John D Rockefeller, who by most accounts is the most successful businessman in U.S. history, how did his business turn out? I know you are a fan of VN. For all his faults one of his best concepts was of never ending cycles. How does this theory fit in? I am a Jim Simons...

You have drive but I question if you have talent for trading, from the information you have provided. If you are a trader you are subject to the control of the market. Do not overestimate the influence of luck in trading success. Jim Simons is one of the few hedge fund billionaires that is...

allmepaul said: The Dangerous Mathematical Con of Hedge Funds and Financial Advisers http://www.psmag.com/business-econo...ical-con-hedge-funds-financial-advisers-79212 He makes some good general points about overfitting, but he stops thinking when he gets to the point about having to disclose...

Two reasons: 1. Volatility reduces the effectiveness of compounding 2. You can never be 100% sure that you won't need to liquidate some of your long-term holdings for immediate cash requirements. There is a good chance you will be doing this at the absolute worst times in the markets.

Although you can get complicated about this, the most straightforward to get DV01 for a fixed income futures contract is the following: DV01_futures = DV01_ctd / conversion_factor So, you need to know the current cheapest-to-deliver issue for the contract. Find the DV01 of that note/bond. then...

From Wikipedia: In economics and finance, arbitrage (US /ˈɑrbɨtrɑːʒ/, UK /ˈɑrbɨtrɪdʒ/, UK /ˌɑrbɨtrˈɑːʒ/) is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the...

cdc...I agree with the spirit of your reply but not with the specifics. Arbitrage is defined as buying a selling the same thing to earn a risk-free return. Anything else is not arbitrage, but people keep calling it as such. Spread trades are spread trades. Basis trades are basis trades. I...

There are no real arbitrage opportunities anywhere these days (perhaps fleeting ones in niche markets for small size, but that's about it). When people refer to arbitrage they mean things like spread trades, basis trades, etc. Retail guys can do spread trades to their hearts' content, but those...

Insider trading is an attempt to profit from trading on information that is not publically available. It is independent of whether or not you use derivatives. If you are doing this ahead of some information you know about the company that has not been publically released, then that is...

You will most likely get better answers to these type of questions on either Wilmott or Nuclearphynance.

In that case, get an applied mathematics or physics degree . Interesting stuff and the math & logical thinking skills you learn will be the most valuable thing you can use in the financial world. Moreover, as other posters have correctly stated, you can learn the finance stuff on your own...

If you get a degree, get one with the intention of helping you get a higher paying job, not helping you invest better. Even if you get an accounting or finance degree you still won't have the skills to compete with thousands of financial professionals who spend all their time breaking apart...

Well, consider his username.

A job at a large bank is a preferable starting point because you will have access to many more people from which to learn from, and you get to develop a network of contacts who will come in very handy down the road. Trading is mostly electronic at the banks now anyway so don't think you will be...