Category Archives: Books

Book reviews of the Unreal kind. Here, I discuss the books I have read, and share my impressions with my readers. I read mostly non-fiction or classics. And when I say read books, I mean listen to them in audiobook (always unabridged) form. Audiobooks have the ability to make your commute or gym workout something you look forward to, rather than dread. When reviewed, they present a disadvantage though, that they cannot be referred to. Thus quotes from them become paraphrasing, names get misspelled and so on. Please excuse such shortcomings…

Note that these are not real reviews. Most of these books are so well-known that they are really beyond reviews. So my Unreal reviews are more like my impressions and thoughts, often containing spoilers.

Market Risk Management and Analytics

Market Risk Management Analytics is where I started my banking career. It may be a good place for quantitative professionals to start. Here is a summary of what MRM and Analytics do. Continue reading

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Credit Risk Management

Risk management is a critical function of Middle Office. Here is a look at Credit Risk Management. Continue reading

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Middle Office

Moving from the risk taking side (Front Office) to the risk control side (Middle Office), this post gives you a general outline of what this second office does. Continue reading

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Quantitative Developers

On the vital role of quantitative developers in an investment bank. Continue reading

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Trading Desks

The profit centers of an investment bank, trading desks command enormous prestige. And bonuses, which can easy range up to a few times their annual salary. Continue reading

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Sales and Structuring

Sales – another crucial team in the Front Office of any bank. Continue reading

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Economists

Economists (with too many hands) find their place in Front Office of investment banks. Continue reading

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Front Office

Front Office, the world and customer facing side of an investment bank, houses both the rainmakers and rogue-traders, along with their support teams. Continue reading

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Structure of a Bank

A short introduction to the static structure of an investment bank. We will have much more to say about it later on. Continue reading

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Trading Platform

What is a trading platform? Why does everybody want it? And how do we get one? Third post in this series on quantitative development. Continue reading

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Agendas

Here is the agenda of these posts. And more than you wanted to know about all sorts of agendas. Continue reading

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Off the Beaten Track

First post in a long series on Principles of Quantitative Development , on how an investment bank works. Continue reading

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Quiet Me

On why I like to be quiet and keep listening to a world that can’t stop talking. It is prelude to an upcoming review of the book Quiet: The Power of Introverts in a World That Can’t Stop Talking by Susan Cain. Continue reading

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The Unreal Universe

I recently made my first book available on Amazon. I thought I would post this article, which is a good summary of the book. This article was published in a magazine in Singapore. Continue reading

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On Rationality and Delusions

What do we mean by rationality? Why do we think it is a good thing to be rational? Continue reading

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Principles of Quantitative Development

A review of my forthcoming book, “Principles of Quantitative Development,” to be published by John Wiley & Sons in Feb 2010. This review is written by Shayne Fletcher, Executive Director, Nomura, and author of “Financial Modelling in Python,” reproduced here with permission. Continue reading

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Blind-Sight

Blind-sight is an interesting neurological syndrome, and a philosophical conundrum. It shows how we may have senses that we are not consciously aware of. If there are senses that we can be unaware of, how sure can we be of the “sensed”? Or of our “delusions”? Continue reading

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A Plausible God

Here is a concept of God that doesn’t violate the known principles of science, and should therefore be consistent with the so-called scientific worldview. Mind you, plausibility of the concept says nothing about its veracity; but it may say something about it being a delusion. Continue reading

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The God Delusion

An unreal review of the book The God Delusion. [...]The book gave me a strange feeling of dissatisfaction. You see, you may believe in God. Or you may not believe that there is a God. Or you may actively believe that there is no God. I fall in this the last category. But I still know that it is only my belief, and that thought fills me with a humility that I feel Dawkins lacks.[...] Continue reading

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Helen Keller

The story of Helen Keller is the story of the dark reality that traps you in the absence of your senses. It is also an illustration of the role of language in breaking out of that darkness. Continue reading

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