You can't generate positive alpha without a PhD.

Quote from WallStGolfer31:

Your probably lying, but if you aren't, live it up while you can because you'll be sucking dick for $5 a pop once you go bust in a few years.
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Dan, do you think your professors would like to know about the language you are using here, as well as your slur on gay people?

I'm going to send them your little diatribe after I report you to ET.
 
Quote from WallStGolfer31:

There's no better example of a couple of fags than these two. LOL, you guys are so fucking blind I find it amusing.
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Moderator, please ban this asshole and move this thread to chit chat.


Respectfully,
 
Quote from optioncoach:

we know that, that is why you are getting a Ph.d. You would rather WORK for traders and make 1/10th what they do :D
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I believe that's the other way around.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=agHGQ249p.98



One of my professors got his PhD with a guy who ended up at Barclays after he graduated. This other guy makes $1 million a year in base salary. It's because he's the only one who understands things enough to be a director of some quant division.
 
Wow you are really clueless huh...

Since you are going for a Ph.d I need to dumb this down for you.

Your ph.d professor makes $1,000,000 a year. How much do you think the company he works for makes or the traders who use his quant output make. See, those guys have to make more than $1,000,000 in order to afford to hire his ass. So again, he is working for people who make more than him. The ph.d making a million is an outlier anyway (that is a fancy statistical thingamajig you have not learned yet).

Ok this is not sinking in huh....

Let me quote Chris Rock in his definition between rich and wealthy.

Shaquille O' Neal is Rich

The guy who signs his check is WEALTHY...

get it...

The Ph.d makes some money...

The people who trade off of the quant output and run the fund make 10 times as much. ;)

Here endeth the lesson...


Quote from WallStGolfer31:

I believe that's the other way around.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=agHGQ249p.98



One of my professors got his PhD with a guy who ended up at Barclays after he graduated. This other guy makes $1 million a year in base salary. It's because he's the only one who understands things enough to be a director of some quant division.
More...
 
Quote from WallStGolfer31:

I believe that's the other way around.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=agHGQ249p.98



One of my professors got his PhD with a guy who ended up at Barclays after he graduated. This other guy makes $1 million a year in base salary. It's because he's the only one who understands things enough to be a director of some quant division.
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I know an insurance salesman in florida who makes about 2 million a year selling annuities to older folks...he has no degree at all.
 
Quote from shanoballs:

in a trading universe which consists of so many traders, i would not be surprised to find a 12 year winning streak. imagine 100,000 market participants, and imagine just my lucky about 50% of them go belly up every year, by the 12th year, you would have approximately 49 people who have flawless trading records just by luck. so is there a chance that your trading record is simply due to luck? absolutely, just my .02:

<img src="http://img409.imageshack.us/img409/233/tradershb1.gif"
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The same logic applies to mutual funds and hedge funds powered by thousands of Ph.D.

If you think your logic is right, stay away from the market. Period!
 
Quote from SWScapital:

I know an insurance salesman in florida who makes about 2 million a year selling annuities to older folks...he has no degree at all.
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but can he beat the market?

:D :D :D
 
Quote from WallStGolfer31:

There's no such thing as a "good" trader. Some people get very lucky, some lose it all, but most are centered around the mean.
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At this point, I am becoming suspicious. No one is stupid enough to make a comment like this, not even those who know nothing about trading.

By the way... your teenage obscenity makes it likely that you are in fact a 21 year old regional college student who read about trading, tried it and got blown out within the first few weeks.

On the other hand, some of the best traders have been extremely foul-mouthed (not Ph.D types) so there may be hope for you yet!!

Maybe you can get a gig at a local McDonalds, save up some scratch and try again. It shouldn't take too long, maybe a couple of years if you're disciplined.
 
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