Free Market Hypocrisy
How free is free market? Less than you think. Here is why. Another excerpt from my next column to appear in the Wilmott Magazine.
Columns, The Wilmott Magazine, Quantitative Finance
Quantitative Finance
Quantitative Finance is my professional field. I write columns for a well-known periodical in the field called The Wilmott Magazine. Here are those columns and more.
Columns, The Wilmott Magazine, Quantitative Finance
Quant Culprits
Are quants to blame for the financial mess our banks are in now? I don’t think so. Here is another excerpt from my next column to appear in the Wilmott Magazine.
Columns, The Wilmott Magazine, Quantitative Finance
Where Credit is Due
The paradigms employed for managing credit and market risks proved inadequate during the credit crunch and the ensuing meltdown. Here is another excerpt from my next column to appear in the Wilmott Magazine.
Columns, The Wilmott Magazine, Quantitative Finance
Hedging Dilemma
Ever wonder why those airfares are quick to climb, but slow to land? One word — hedging. Here is another excerpt from my next column to appear in the Wilmott Magazine.
Columns, The Wilmott Magazine, Quantitative Finance
Risky Business
More on the systemic reasons behind the financial meltdown. Here is another excerpt from my next column to appear in the Wilmott Magazine.
The Wilmott Magazine, Work and Life, Quantitative Finance
Ambition vs. Greed
Was corporate greed to blame for the financial debacle we are in? Perhaps. Here is an excerpt from my next column to appear in the Wilmott Magazine.
Columns, The Wilmott Magazine, Physics, Quantitative Finance
Chaos and Uncertainty
This article appeared in the Wilmott Magazine in Jan 2009, and talks not quite about the chaos and uncertainty of the last few months in finance industry can be summarized in two words. It is more about the physics concepts bearing the same names, and how they can be applied to the turmoil in the financial and economic world.
Environment, Quantitative Finance
An Economics Question
One simple question. For some of us to be wealthy, is it necessary to keep some others poor?
Quantitative Finance, Columns, The Wilmott Magazine
Commodity Prices — Who’s Holding the Cards?
Here is a look at the causes and effects of the surge in food and energy prices. Among the myriad of economic reasons conjectured to be behind this so-called silent tsunami, I feel that the influx of institutional investment and speculation is the most likely cause. I present my personal views in this article. Originally written for the Wilmott Magazine, this article contains a bit of technical analysis.
Quantitative Finance, Columns, The Wilmott Magazine
Software Nightmares
This article, to appear in the Wilmott Magazine, discusses the issues involved in rolling out a pricing model as a deployed platform for trading. Although of more direct interest to the practitioners, this article may appeal to those who find the mysterious field of global markets intriguing.
[…] The financial industry keeps up with the developments in the computer industry for one simple reason. Stronger computers and smarter programs mean more money — a concept we readily grasp. As we use the latest and greatest in computer technology and pour money into it, we fuel further developments in the computing field. In other words, not only did we start the fire, we actively fan it as well. But it is not a bad fire; the positive feedback loop that we helped set up has served both the industries well. […]
Columns, The Wilmott Magazine, Quantitative Finance
Risks and Rewards
Published in the Wilmott Magazine in May 2008 under the title “Stress Test,” this piece looks at the incredible levels of endurance and resilience demanded of quantitative and trading professionals. It is anthology of my columns on work-life issues that appeared in the Today paper, adapted to the risky and rewarding lives of quants and other front office professionals.
Columns, The Wilmott Magazine, Quantitative Finance
Quant Talent Management
How to retain quant talent? Published in the Wilmott Magazine, March 2008.
The trouble with quants is that it is hard to keep them anchored to their moorings. Their talent is in high demand for a variety of reasons. The primary reason is the increasing sophistication of the banking clients, who demand increasingly more structured products with specific hedging and speculative motives. Servicing their demand calls for a small army of quants supporting the trading desks and systems. […]