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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...

Your first job should be in as large a financial firm as possible, and as close to a trading desk as possible. If both those conditions cannot be met, chose one. Do not take a job outside of finance if that's where you want to be. Trading on your own won't open doors at hedge funds.

This article is misleading. 1. I worked for Zar many years ago. He is a very well-known senior guy who has been around the business for a long time, so at this point he can choose to work pretty much anywhere he wants. The sellside sucks these days, and he isn't really an alpha generator, so...

Most likely the stuff aimed at trading assumes a basic knowledge of the language/platform. Do the following: 1. Download R from https://www.r-project.org/ 2. Do a google search for an R tutorial or buy something like R for Dummies 3. Learn the basic I/O procedures the commands 4. Try a basic...

That was my point...R and Python are actively used and will most likely be actively be used going forward. You can't go wrong by learning either. If you need to loop in your analysis, you will need something like the packages I mentioned. If not, just use Excel. I've personally found some very...

I remember looking at Factset and it wasn't cheap (though not as expensive as Bloomberg). Issues with data quality as well. VB runs as part of the Microsoft Visual Studio environment. Probably same cost as all the other MS products. R and Python packages can be downloaded from the internet for...