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I'm a cyclist, so I'll use a cycling metaphor. The CFA is one of two things: It's either A: A course put on by a bike tool company to provide training to repair a bike with their tools. Unfortunately, CFA holders aren't being taught bike repair nor maintenance...look at the Markets...

http://www.ripoffreport.com/investment-brokers/larry-pesavento/larry-pesavento-six-counts-aga-ywe4c.htm

It's a lot cheaper to start a boiler plate hedge fund than a mutual fund. I was told by someone in the industry its about $2 million you'd need to get it going and such. You have to remember its being audited and needs compliance people, etc. You can outsource this, but then there is the AUM...

Where's Bruce Willis when you need him?

I use amibroker along with amiquote to download fundamental basic and fundamental extras... Then I create a filter for specific queries I want to check on in the exploration. Output is like this in txt format (first info is the title/header) : Ticker Date/Time Current P/E ratio Est...

The Mark to Market fallacy is alive and well at Goldman... Read "The Big Short"... http://www.distressedvolatility.com/2010/03/video-michael-burry-of-scion-capital.html In sum, Michael Burry had his positions marked against him for over 2 years. So obviously joe mutual fund nor most...

As long as a firm keeps getting bailed out by their governments, I doubt they'd be using any "risk controls"

If you have problems trading your billions.... use VWAP.

You don't need a big sample size to realize that (i hate to borrow the word out of context from another clueless poster) ... but its a kind of purely psychological jealousy that propels people into these scams. It would be much healthier if men stuck to buying classic cars and woman to...

Sure you aren't European Royalty?

Damodoran - http://www.amazon.com/Dark-Side-Valuation-Distressed-Businesses/dp/0137126891/ref=ntt_at_ep_dpi_1 Advantage with Damodoran is the systematic approach which is less accounting based and more process oriented, so it will appeal to you if you are intuitive or technical rather than...

If you are overly emotional.... use a spreadsheet to document your trades. If you are already organized and have such a spreadsheet... start taking notes about how to scale in and out of your trades, the stops, positive sizing you have used on the trade, note the fills, note other positions...

Kazz, you've been "sponsoring" the rally on here we had since last March and now you are trying to suggest that my anecdotal evidence through my example - a "joe blow" if you will is merely characteristic of 100s of thousands of Canadian families- overleveraged, like the US, but in terms of...

I live in Canada, and I also run a business in the manufacturing sector. The high CAD has been killing us all slowly, most people don't notice this stuff, because we have a bloated public sector, kids who stay in school until their late twenties, and government programs that hide the real...

Ya I test strategies on all S&P 500 or the Russell 2000.. if you think about it, a good and highly profitable long biased strategy will filter out the shitty stocks that got delisted anyways... so I wouldn't worry too much. Obviously though, if you have a short strategy, you want the delisted...

I was waiting for the part where he says... I used to work at Goldman... and so did Mark Carney... etc...

This is an extremely naive policy, if it goes through as the media portrays it... 1) STDEV of intraday moves is not accounted for. Its one thing if this is DNDN trading on a healthcare meeting event, or MSFT trading at CEBIT, you can get entirely different % moves, though MSFT going down 5%...

down by the river... http://www.hulu.com/watch/4183/saturday-night-live-down-by-the-river

I saw a video, somewhere on the net about 2-3 weeks ago where a former Goldman employee (retired) said that all Goldman had to do was synthesize a bunch of Euro CDS and they were fucked... Sounds about right...

good thing Anthony Boeckh's new book arrived from Amazon today "the great reflation"