You can't generate positive alpha without a PhD.

Golfie boy ....

You say you despise traders and bla bla bling bling bling....

How come you despise traders as traders ARE the market itself?!?!? How do you expect to do research on something that you despise ?!?!?

Are you crazy or were you abused when you were a child?

And why do you despise traders and their methods? Were you burned so bad by the market or did you have another idiot professor that tought you that?

You know, there is a song by Pink Floyd and it's called The Wall... You might have heard of it!

I LOVE TRADING MAN! I LOVE THE FACT THAT I AM BETTER THAN A YEAR BEFORE, FOR EXAMPLE, AND RESULTS ARE EVIDENT AND I LOVE THE FACT THAT I AM DOING SOMTHING THAT I LOVE! AS FOR YOU, I HOPE YOU ARE ALSO DOING SOMETHING YOU LOVE! IN THE END, WE ALL DIE! WHAT'S THE STAKE ANYWAY!

AND ALSO FACE THIS:

We are the degenerates whose actions you will spend most of your life lying about to innocent young children! Wake up and smell the coffee!

In fact, someone who has a PhD, if he/she would let the ego aside, would pretty much make a good trader.

BUT YOU KNOW WHAT!? THAT IS INDEED A LOT OF HARD WORK. DISCIPLINE, PATIENCE, THE ABILITY TO TAKE BLOWS TO THE HEAD, AND I DOUBT YOU CAN DO THAT. IT'S LEARNT IN A PRACTICAL MANNER AND NOT THROUGH BOOKS.

Go to West Point and come back and trade or do business, now that's a business school!!!
 
and i forgot to say that you are a fucking moron and therefore you are welcomed to join the markets and bleed some capital over here... :)) hahhehehaheah
 
LOL....

Go easy on golfboy. He doesn't get to that until next year.
:D:D

Quote from veritas007:

Alpha is easy to generate. Just sell options. CAPM is a little too simplistic and doesn't account for higher moments of the distribution.
 
Quote from WallStGolfer31:



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.

There is a PhD Economics Professor at UPenn who's going to jail after murdering his wife and making an amateur attempt to cover it up. He thought he was smarter than the cops.


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Why do these guys think their specialization in a narrow academic field makes them smarter than anyone else.
 
Quote from Brandonf:

The fact is this: The markets are a lot more random than most traders want to think it is. It is also a lot less random than most academics want to think.

Best post in the entire thread, kudos to you sir.
 
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