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This may seem like an obvious question for those taking c++ but what values/algorithms are you using for pi?

I think the real world stuff will be honed in the real world anyway. A class/seminar to review basics would certainly be helpful though I'm assuming the things we learn we use in later classes. Is this a mistaken assumption? I actually wouldnt mind doing a research project per se and I have a...

Know any good books on VBA?

Sorry CDSW is the command u hit on bbg to price the CDS, I actually would have to fill that in on bbg

I was trying to value the CDS on bbg its CDSW and you have to put in bond and counterparty etc. You can enter default probabilities and CDS spreads (a CDS spread curve if you will?) Does anyone do this for a living and can elaborate further?

and you dont need to know programming :)

Moscow? I was born in Moscow but I havent been back and would not want to go back :). From what I heard about London it is more expensive than NY (strong GBP vs. USD). Of course if you make your money in GBP you should be ok. Dominic as always thank you for the insights.

Cool, thanks.

I don't see this on ESIMS under the usual MTH classes or STA? Is it under finance?

Good question, go to the following link and make sure you can get on long before registration http://www.baruch.cuny.edu/registrar/esims.htm I believe the username is your social and the PIN is your birthdate yymmdd. Also be sure to check your baruch email to see when you have to...

ohh ok I would want to take the stats if it is offered, I dont see it on ESIMS though.

there are no other electives really except for finance classes i.e. FIN classes (you can take those in any semester including summer so I wouldnt bother until then) Risk management is only taught in spring, if my memory serves me correctly this semester was an exception when it was offered in fall

Risk Management?

Welcome aboard sdyoung, definitely come by and visit us, either here or in real space. Regards, Mike

Happy b-day Noah! :smt113

Happy Birthday Dominic! May you have health, wealth and happiness! :smt113 Best wishes, Mike

My apologies, I was under the impression that he ran a hedge fund that invested in art.

As long as he is liquid (can get more $ and purchase more artwork or doesnt have investors that want to cash out immediately) he can do this ad infinitum. He does not have to buy another art work and can just sell something to someone at a higher price than he bought it (i.e. he can wait) ...

I'm not sure what Dan instructed you to do but I would follow his instructions, dont forget that he probably receives 100's of emails daily, so be patient.

good question? So the relevance of this article is how chance intercedes in life? Or to talk about Steve Cohen who runs and art buying hedge-fund? or Steve Wynn who runs a casino (makes $ off people's bad bets and wound up doing it himself in a sense? I will admit the article is entertaining.

hmm. so both answers are correct? Unless they both get averaged and we get 26% :).

Happy birthday! It is such a pleasure to take classes with you (my stomach agrees too :) ). Enjoy this day and may all of your wishes come true! :smt113 :smt113 :smt113

Not that conservative, by the way. If stock is now at 20.64 and call is priced at 3.10 (I'm neglecting trading costs for simplicity) You limit your profit but not neccesarily your loss, once stock goes to 17.54 (20.64-3.10) you start losing money. If you use this you have to make sure that you...

I didnt make such oath so I'm happily puffing away :) Niloo I look forward to meeting you. --Mike

Happy birthday Yiping! May all of your wishes come true! --Mike

Thank you, as always for your valuable insight.

My partial understanding was that we do not read meaningful clues from history, this causes us to trade incorrectly. I believe you cannot predict the future from history unless you can state with some degree of certainty that one event causes another (I'm not knowledgeable enough in probability...

Hi, I'm trying to get various viewpoints on this topic. The issue that I have is that I want my calculations to be as precise as possible. I know this comes at the cost of speed etc. I'd like to get different opinions on this so please post what you think the best method would be. i know...

Happy birthday Bob! Best wishes and enjoy! Regards, Mike

I dont know, if they guy currently makes $ and if he will not blow up it sounds good to me. I am not claiming I understand the book completely, the bottom line that I get from books like these is that u must think, the book is interesting.

Just finished reading the book last week, will start re-reading again. I think this is a great book. To me the book emphasizes that one must think and this is something that is not practiced enough, for sure. <iframe...

I like this idea, its almost like found money. Say your bonus is 100K and u invest 10K into hedge funds with co investing 20K. You only lose the 10K. If you make money you just pay back the loan, the question is does this money vest i.e. if you do leave what do u wind-up losing. Some co's...

Theoretically developers are there to make users jobs easier but this is not always the case. Politics, ease of implementation, etc sometimes prevent developers from being that helpful to users. They still create what they think will help users but sometimes do not do enough. As you can tell I...

Maybe it will, I guess the idea is to have a skeleton crew already working there. That might make sense.

why is new jersey not a better alternative? I go skiing in the Poconos and that I-80 traffic is a killer. Unless the plan is to helicopter everyone in the event of an emergency I'm not sure this will work.

Great post, max. I think in general one of the most important skills is thinking. You cannot be taught this skill but you can definitely acquire it with practice.

Personally, I think there is a level of trust that gets lost so I do not think one would want to work with that person. The candidate moves on, however, there is one caveat. The industry is not that large so you may get blacklisted though without anyone actually putting you on any kind of list.

In Fooled By Randomness there is a story about people putting the ability to play chess on their resume, and then having to play someone during an interview. So the idea is not to do these things at all. Dont lie about anything, ever. Unless we're talking about not hurting someone's feelings...

Jie your profile looks very strong. Good luck and we look forward to seeing you in our program. Andy is absolutely correct. C++ is mandatory and I'm learning this the hard way having only been introduced to it in January.

I'd like to participate, time permitting.

lol. when I was taking c++ class to learn it, the teacher was trying to use recursion to find 1000th fib number and it was taking a long time. He was using visual C++.

Not a c++ programmer but doesnt fibonacci using recursion take too long? I mean if you want the 1000th fib number it can take some time. 4 mins?

I wouldnt trave to Greenwich, I would try and live there if I worked in Greenwich, though it is quite pricey. There may be some surrounding areas that might be cheaper

And by the way you are never forced into anything, after a year or two you just subtlely (to use Dan's term) realize that you are not getting promoted etc. I'm sure that would not make anyone happy.

Kevin, I agree with you completely. Btw by drinking socially I do not mean getting obsecenely socially drunk because that will ruin your chances. As far as being forced or not forced, the social drinking events at work, for example, are meant for bonding. Going out drinking or bowling are great...

You dont buy that people who socialize more especially with their bosses get promoted quicker than those who dont? I think this argument is actually pretty obvious. It just happens to use alcohol as a factor i.e. going out to bars and socializing. This builds bonding which definitely helps

http://www.breitbart.com/news/2006/09/14/060914140645.wl9uakm4.html

In practical terms most programs similar to ours (I say similar since all math finance programs are actually unique for various reasons) call it a degree in Financial Engineering. When I was trying to explain to people (industry people) that I was doing a program in applied mathematics in...

At the top of the list are languages/dialects spoken in China/India. Russia and everyone else may not be as important. I think knowing English is best followed languages/dialects spoken in China/India. Further globalization will probably allow English to dominate but for some time (10yrs but...

Happy Birthday! You da man. Enjoy this day (I hope you dont have classes) :)

I was 4 blocks away at 100 William Street. I got in early(8am) because as always I had some homework to finish. I finished the homework and went outside for a cigarette. I came back and people started coming in and saying a plane had hit World Trade Center. At first I thought it was a joke, then...

I got one more Buy on mystery and sell on history (when earnings come out) Buzz words are good but jail is not :)

Myself being a part-time student I expect to communicate with QuantNet mostly, even when teams are formed. This is really the best outlet. To be honest I'm not sure of the purpose of the teams, unless, the expectation is that problems will be parceled out, which does not seem like the case if we...

Thanks for all your help on these guys

Thanks for head's up. Btw you still have to pay taxes(when you do a 1040 there's a new line in there about buying off of internet).

It sounds better in theory though, 2 days of class (for me at least) vs. 4 days, quiz due every day etc.

professional traders too (have dual screens). Thanks for the advice Andy.

I'm thinking of getting an IBM ThinkPad X60S Notebook. The DVD/CD does not come standard but rather through the IBM UltraBase dock(according to the IBM website). I'm thinking this is great because I will not need the DVD/CD that often and the notebook will be much lighter as a result of not...

You forgot to add smile :), the refreshers are over

Baruch offers a 15% discount on Apple things so you might want to look into that. I believe its called Baruch online e-mall

The rule of thumb is, if you're not sure, dont do it i.e. trade on non-public info

I took the Probability course(limited version as I will take the class next year). It is very tough. Overall I think everyone should take refresher classes(time-permitting). It sets you up greatly for the Fall semester.

I agree with Marc. I happen to be in structured finance and plan on doing risk management after the program. I feel for me 1 semester should be enough as a requirement, and then if I wish I can take more classes as electives. My case may not be typical, though.

Happy belated Birthday Bridgett! May all your dreams come true!

I wish Rianna and the entire Stefanica family much health and happiness!

hey its BRIC (Brazil, Russia, India, and China) dont forget about Russia

Freakonomics is a very interesting book. I'm currently reading Against the Gods: Remarkable story of risk

lol if I ever find them (I have a huge collection, they take up most of my apartment and I have quite a few at my parent's house)

Niederhoffer says the best trading ideas are found in the National Enquirer :)

Any book by Michael Lewis (great writer) the Money Culture and Moneyball (not related to Wall St but good book about using statistics in the world of baseball) Monkey Business (about 1st yr investment bankers) http://www.amazon.com/Liars-Poker-Rising-Through-Wreckage/dp/0140143459/

Reminiscences of a Stock Operator by Edwin Lefevre (old Wall Street) Rogue Trader by Nick Leeson (ruined Barings, the bank of the Queen of England) Infectious Greed: How Deceit and Risk Corrupted the Financial Markets by Frank Partnoy (same guy that wrote F.I.A.S.C.O.)

I like Den of Thieves by James B. Stewart (this was the first book I read and really got me into this game) Predator's Ball (Junk Bonds, Mike Milken, great read) Barbarians at the Gate (RJR Nabisco leveraged buyout)

What if Baruch offers classes for alumni where the alumni take what they feel they need more training in? I think this would work best. The program is 1 1/2 yrs for full-time students (kind off hard to cram everything in). Some seminars in the summer and winter + free/low cost classes offered to...

Wall Street (Michael Douglas and Glen Close) a classic Rogue Trader (about Nick Leeson and bringing down of Barings) Boiler Room (a bunch of stockbroker scams) Barbarians at the Gate (leveraged buyout of RJR Nabisco)

I do not think, though I might be wrong, that anyone wants to come out of this program, a programmer/developer. Some people already do that. The one's that don't, want to do programming of models i.e. create an algorithm/code it, that type of thing. Regarding PhD's and programming (my company...

I have 24 days of vacation now (not working on the street though). I do use all of them and plan on doing this (will def. need days for the program). I have taken 2 week vacations at my company and even 3 week vacations. When I used to work as a stockbroker on the street (1 yr) my vacations were...

C++ (helped me, though, last assignment given by Dave was too much for me to handle at the time.) Very useful class, highly recomnmended to all incoming students. Greg threw us into the fire the very first day so it does take some getting used to, but that is what the real world is like...

Why dont we have a VBA refresher next summer or in January(so as not to interfere with regular classes)? When does one take the Structured Finance Class? I think ideally we should take it/have it before the classes where we will use it.

I want enough programming to be able to write algorithms, that is why I like the elective route. Also C++ programming is a requirement to get in so we all have some background in programming(1 class, experience)

We do have C++ in our classes (we had 2 programs we had to write in Advanced Calc). Now the question is did you use classes, objects functions or did you do what I tend to do (i.e. code, get result and then improve the program after the result)

I agree with the elective concept. I personally feel that programming is a marketable skill yet with all of the outsourcing going on, it may disappear. Yes you will need people who understand the concepts of programming etc. but I do not think this is the future. In my company the group in...

one more http://www.riskglossary.com/

ok #1 CNN is not the most trusted name in news (too liberally biased) #2 NY Times is also not the most trusted name(too liberally biased) #3 FoxNews is more balanced but leans towards the right(I LOVE FOXNEWS!!!) QuantNet IS to be trusted! I voted 2 btw

Paintball sounds like fun. Never been but would def. try though not this weekend. For those interested in shooting, there is a shooting gallery around chelsea. I think it was $25 + lesson + bullets (I did this a while ago). Total was something like $100 but well worth it. Target practice rules...

Just a quick note, signup for any and all Bloomberg workshops(heavily used in the industry). Reuters is very good too. I'm not sure if the workshop will include Telerate but it is also quite useful.

Thanks for the lovely birthday wishes. I'll see you on Friday

Great book, worthwile read (I read this some yrs ago). Michael Lewis is a great writer (for baseball fans and fans of statistics I recommend Moneyball). Also any of the other great books by Michael Lewis. Also try Den of Thieves by James B. Stewart

Valuable indeed. I guess I will hold-off buying a laptop until September as I do have a computer at home.

Sorry posted something confusing. Food is not taxed unless it is prepared i.e. restaurants McDonalds, delis (not too sure about delis). The state tax is 8.625%

tax is 8.625% (not on food though in restaurant, McDonalds too I think)

I'm thinking of getting a laptop. I think Baruch students get offers discounts on Dell products. Forgot link, when I find I'll try and post it