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I levered my $1 up 20 times - I'm feeling lucky:D ...also I'm in the camp of not caring about expectancy wrt the lottery given the utility of winning. 2c.

Wasn't that what the guy who invented the bidet was trying to do? Wonder if there are any bidet billionaires out there (bidellionaires?).

Looks like Yonkers - and local pick up only. No COD!:p

So a one day move of 150bps is a catalyst for a long term decision? Seems equally imprudent imo.

You have to look at higher frequency data or make an assumption about the expected volatility/correlation between your sampling intervals - or just be cautious with your leverage and simply care about the eod values.

Guess he didn't learn his lesson with Sears:p

Had you looked at AMLP or AGG and if so why did you opt out (liquidity?)? Did you also consider IEF? Good luck, looks pretty good imo.

Look for option pricing formulas by haug - should have what you're looking for and more.

Haha, please tell me you didn't actually spend any time putting that together?

Try searching for info on portfolio rebalancing strategies (constant mix, cppi, etc.) and you should find more info on what you're trying to do.

It was a traditional invstmntmgmt place (think AllianceBernstein, BlackRock, Fidelity, etc.) - the PM managed a global equity book (value iirc) and it was an entry level associate role. The irony of it is at the time they were only a few months away from such a drawdown. Though, afaik, these...

A fair point - though in reality ET provided much more pragmatic answers than what was discussed during the interview. They had zero interest in discussing the impact of the drawdown or reasons why, kind of boring.:)

Exactly, there is no loss since the performance was guaranteed before even investing. ...it's the same 'there is no spoon' principle from the Matrix.

Haha, this is true and a good way to look at it IMO. ...S2007S is right, shouldn't be much debate over this.

Lol, ok, well I'd certainly rather gain 350% in a month than 50%.:cool:

nm.:)

Came across this question a few years back at a sufficiently douchey invmnt mgmt company and wanted to see the reaction here. The question is this: You are managing a portfolio - would you rather A) gain 20% for 4yrs and then lose 50% in the fifth or B) lose 50% in the first year and gain...

...good for you and good luck:)

You're right if it's your money but if you want to properly reflect the returns of a strategy (as an investor allocating to a mgr would receive) it's best to use twrr....at least I think that's what the CFA says on such matters...if only there was someone who knew who was a CFA authority.:p

...I've often thought of starting a competitor to undercut them and call the company Poopon Groupon - Triumph the comic insult dog would be our mascot.