Re: Why do most quant analysist jobs require a PhD ?



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Topic: Science > Physics
User: "David Ames"
Date: 01 Apr 2004 11:38:01 AM
Object: Re: Why do most quant analysist jobs require a PhD ?
The World Wide Wade <waderameyxiii@comcast.remove13.net> wrote in message news:<waderameyxiii-AD8CC4.16361328032004@news.supernews.com>...

In article <40671AA0.2C14EEB1@pacbel.net>,
Vincent Granville <paris63@pacbel.net> wrote:

"Our tests showed a success rate between 54% and 65% in predicting the
Nasdaq trend. The strategy associated with the forecaster has been
analysed on our web site. Check our section on universal keys.
Even with a 56% success rate in predicting the trend, the long-term
(non compound) yearly return before costs is above 40% in many
instances. Note that we provide similar strategies that do not rely on
the open price to interested clients. As with many trading strategies,
the system sometimes exhibits oscillations in performance. It is
possible to substantially attenuate these oscillations, using a
technique described on our website."

You know, that's plain crap. It's doesn't matter even if you have a
99.99% rate of success if the 0.01% that fails generates more loses
than the combined 99.99% gains.


Don't you think I've thought of this long ago? People posting on this board -
including myself -
have more intelligence than a 7 year old kid. My Ph.D. is in statistics from
a top University. As
a matter of fact I have strategies that fail 95% of the time and are still
profitable. .....


One thing is clear: You don't know how to properly post to Usenet.

All the rest is unclear to you, one may assume?
David Ames
.

User: "The World Wide Wade"

Title: Re: Why do most quant analysist jobs require a PhD ? 01 Apr 2004 06:37:07 PM
In article <f79f061c.0404010938.63d8dc1b@posting.google.com>,
(David Ames) wrote:

One thing is clear: You don't know how to properly post to Usenet.


All the rest is unclear to you, one may assume?

That's stupid. Really stupid.
.


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