Search results

Well, are you any good ? Take a look at why you were dumped: it may have nothing to do with your ability and everything to do with the group. I've seen all types of people fired from certain groups over the years: these same groups and individuals have never had a stable roster of quality...

Nice....

But I have nothing to sell ..... we aren't in the consulting business whereas the other poster is .... I think you have to make a sensible call on people running consulting firms that make claims that offshore operations are universally poor in quality. This is just not true. There are good...

Well, all I can say is that one bad experience and bad set of managers is really not enough evidence to make a general statement. Your experience is not unusual though: there are many poor managment organizations and consulting companies about. Frankly your comments sound like commercials...

Not the experience with any of the firms I work with ... there are some firms that have not figured out how to manage hire and retain remote workforces (those same firms usually fail with their onshore operations as well) but I can assure you that there are many that have - including some of the...

Actually the best developers dont make much and are at risk of being outsourced in the next couple of years by equivalent or better developers overseas. The typical skillset of the people that I work with include C/C++ - some shops use matlab but most dont except for prototyping systems...

Back on track .... Just start learning it. If you have no programming background then C++ is not the place to start. C++ has various subsystems - for example the Standard Template Libraries (STL) and other features. You dont need to learn these first, but you will before you can be productive...

Exactly my experience: The key point here is that the classic definition of "quant" really does not apply anymore. Yes, there are still "pure" quant jobs where you spend your time doing only analysis and model design. However to one degree or another, most jobs labled as "quant" involve software...

Isn't this how all companies work ? You are paid X and expected to generate many multiples of X for the company. There are degrees of this expectation however. Some companies are happy if you make them money and reward you for your contributions. The vast majority do not, and prefer to build...

Well, if you really do have friends that make 7 figures per year then you need to be talking to them and talking directly to people that are in the business. A successful entrepreneur would assign someone to do the research for them and tap into a network of reliable business associates to...

my only comment is that for an individual trader with modest needs, you can do quite a bit with just excel, as you have discovered .....

Kool. Who did you teach for ? I taught for Microsoft, and for stanford university. .. And just what is it about the idea of programming an adaptive or rules based trading system that you dont understand ? What is it about the activities of a "quant" that you dont understand ? ...there...

Yes, and its pretty easy to construct a question that the interviewer cant answer using the dustier corners of C++ as well, especially ones where there are differences between compiler implementations. My favorite tactic wit h these types of knuckleheads was to first thoroughly answer their...

I agree: Many people on ET that claim to know about trading systems are indeed bluffers. So with your high opinions about who knows what, why cant YOU answer the questions ?

This actually reads: We want someone with a PhD and ten years of hard core experience, whose systems have made 100's of millions of dollars and who will work 70 hours per week. We will pay 130K with employment at will: Once we are done with your building our systems will we let you move on...

For the largest bond fund we used/use only C++ - not $soft. However some of the systems were based upon the $net/$soft platform but the majority of the mission critical systems that actually run the funds were based upon straight C++ or other systems. The $soft stuff was used on some of the...

There are a number of situations in which scaling in or out is quite beneficial and beats all or none entries and exits. I use this technique when appropriate and not, as some others suggest, as a crutch. The strategy is part of a fully automated trading system. It is used only when appropriate...

Didn't say it was bad ..just that if you shop around for a couple of months and you need more than one you might be able to buy out a BK'd firm. For a single system this is a reasonable price.

Actually I have obtained perfectly good used systems with similar performance and components for about 1/2 of that price.... and they were name brand systems. If you are not in a hurry and look around you can still find used systems from a host of BK'd out of business technology and internet...

Yes except consulting has becomes a terrible business in general - as another poster suggested when they had to "hibernate" the company and take a salaried job. Do a detailed market study of the IT consulting business and you will quickly run away from it. The dynamics of this business have...