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why would he complain about google snagging math teachers? By making information more easily accessible, google allows for the more efficient utilization of the factors of production in just about every industry. Hell, google's made math education way more accessible to the masses than an...

^agreed

No offense, but you don't really understand Facebook. You might be right regarding their overvaluation (see my previous post), but they could grow revenue a ton without increasing their number of users. They have yet to use any sort of targeting...the business end of the company is very much in...

GS will collect so much in fees over the years having facebook as a client, it doesn't really matter. I mean, nobody can really say how this company will be doing in 15 years. I have a fair amount of knowledge regarding social media and there's so many variables I wouldn't bother making a...

Completely different. CDOs and especially synthetic CDOs are opaque, illiquid, and difficult to value. The problem was deceiving clients regarding the product itself-they misrepresented a highly risky asset as being basically riskless. Pork bellies are pork belies and barrels of oil are barrels...

Undergrad institution matters a lot if you just want plain old Sales and Trading at an investment bank. 100-125 is too low of a ranking for undergrad if you want to work on the street-it's a boy's club and you're not in it. Even at the best schools, getting recruited out of UG or even a...

Look, I am as pragmatic as it gets. But the symbolism here isn't irrelevant. Showing complete apathy to human suffering isn't good PR. If the people on the ship were so concerned with utilitarian ethics they would have volunteered to help deliver aid in port-au-prince. I simply couldn't enjoy...

you really can't look at one off examples. You have to look at this this in probabilistic terms. A good outcome DOES NOT indicate a smart process. A horrible trader could accidentally sink their whole portfolio in OTM call options and hit it big. Again, so odd that so-called traders don't get it...

^do you think the people at Goldman Sachs got in without degrees or just vocational school? You can't even work institutional sales anymore unless you went to an Ivy league or equivalent school. They don't give a fuck how much experience you have unless you have the pedigree. I DIDN'T go to...

this site is full of losers. I'm not saying I'm some super winner, either. But come on. My friends with Ivy league degrees work for top tier investment banks and consulting firms. Others are in medical school. Even those with just below Ivy degrees have solid career paths. 4th tier state...

^unless you're actually intelligent and went to a good college, in which case you work at Goldman Sachs, Bain, BCG, etc. Most engineers make about as much as a plumber doing equally tedious work. They just don't have the social skills to do anything else. Less than 1% of engineers are the...

I looked it up out of curiosity. You're wrong. http://www.sunysb.edu/economics/undergrad/requirements/ A minimum of 11 courses, at least 9 of them in Economics, distributed as follows: ECO 108. ECO 303 Intermediate Microeconomic Theory and ECO 305 Intermediate Macroeconomic Theory. A...

the specific degree isn't so important What matters is signaling that you're smart. That's why if you take enough math you'll be ok if you went to a good school. There aren't many numerate socially well adjusted people in the states.

A 3.72 GPA in econ means nothing unless you went to a top school. Undergrad econ is a joke at most schools. How much math do you know? For an econ degree to be valuable beyond a run of the mill liberal arts BA, you need to have taken the following: -multivariable calculus -ordinary...

I intend on teaching in South Korea. Even as a foreigner you can earn 50/hour teaching English immersion.

most people on ET are stupid and got low SATs. If they had high SATs and went to Harvard, MIT, Princeton, etc. they would understand. They would have good jobs and not use credit cards to day trade. They would understand that Ayn Rand's objectivism is a junk philosophy. But this is ET, where...

well, the S&P might not be the best proxy these days, either. Most financial advisers tell aggressive investors to hold 80% equity, 20% fixed income. Within that 80% equity, 70% is domestic with some small cap exposure and 30% is foreign. The portfolio is rebalanced annually. It would be...

Finance profs. are generally pretty dumb. MBAs are so worthless. They don't understand stats at all. How you could extrapolate anything from such a small sample is ridiculous. Anyhow, stocks should outperform bonds...by how much is anyone's guess. But think about it, ignoring past data-a...

computing parametric VaR is very easy if you've taken a semester of stats and econometrics; it's not quantum physics. That's the problem. How do you calculate VaR so as to accurately estimate the risk of rare events?

I agree that we're in deflationary depression. I am unconvinced by any of the hyperinflation arguments. We're still well above NAIRU so even the seemingly huge monetary and fiscal stimulus doesn't seem to pose a threat yet. It could in the future if NAIRU shifts higher for permanent structural...