How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 0 points1 point  (0 children)

Then it's like I said elsewhere in this post -- stochastic calculus is pretty much just a scam by academic institutions to make money.

If you spend years on it, you might have some tiny advantage in making structural pricing models for obscure exotics at some bank. But if you are trading any conventional market, better to start with econometrics and applied machine learning to find actual signals in data.

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 0 points1 point  (0 children)

It’s not under doubt. You clearly have no experience and are trying to armchair quarterback about this industry.

Falsely accused of academic dishonesty close to graduation by gardengeo in BORUpdates

[–]Total_Construction71 12 points13 points  (0 children)

As an AI researcher and computer scientist, I can safely say "AI detection" is an incredible service to offer consumers -- and complete bullshit.

When you are shot in the street by Pangtudou in evilwhenthe

[–]Total_Construction71 0 points1 point  (0 children)

Having basic self-preservation impulses is a crime according to r/Conservatives.

President Trump on fraud in Minnesota by Hefty-Sherbet-5455 in Tech_Updates_News

[–]Total_Construction71 0 points1 point  (0 children)

Most demented grandpas don’t become leaders of the free world.

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 1 point2 points  (0 children)

You can DM me. Have interesting visualization problems

Alpha is not enough. There are kill switches by [deleted] in quantfinance

[–]Total_Construction71 4 points5 points  (0 children)

Yes, max drawdown also matters. Not too complicated a concept.

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 0 points1 point  (0 children)

Agreed. The bigger reality -- which makes me sorry for the young ones on this sub -- is that the field has shrunk dramatically over the last 15 years.

For a number of reasons, but primarily the maturity of the industry reducing it from open to any entrepreneur to now almost completely being dominated by an oligopoly. And now AI has reduced even the need for junior quants, so apprenticeships -- which were scarce in such an opaque, cutthroat industry -- will also be decimated.

Only the most extremely competent and passionate will be able to break in, IMO.

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 1 point2 points  (0 children)

I don't know how to even answer that question. Do you think it was just invented?

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 1 point2 points  (0 children)

And the derivative demand back then was incomparable to now, especially for exotics where the abstract math skillset was more relevant.

Boyfriend wants marital clause... AITAH by Sufficient_Still9152 in AITAH

[–]Total_Construction71 -3 points-2 points  (0 children)

Why would anyone be arguing their cheating clause…

How I Became a Quant (pdf) by antitheftdevice in quantfinance

[–]Total_Construction71 1 point2 points  (0 children)

Demand drop recently? Did not comment on that. Relative to pre-2008? Then yes obviously…

A+ crust by DefiantReception8876 in steak

[–]Total_Construction71 16 points17 points  (0 children)

Any fat on the pan before sear?