Foreign geek quants have backlash. Excellent article highlights of this part 2

(Last Updated On: October 7, 2010)
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Foreign geek quants have backlash. Excellent article highlights of this part 2

Some things foreigners doing quant jobs should be aware of. This was another interesting article posted at Quantnet.com. Here are some highlights you should be aware of:

I was recently observing an online discussion with the author of a book about high frequency trading. The writer defended a point by stating, “ have you never heard of Brownian motion as a model for diffusion of asset prices? Longer horizons are always less certain than the shorter ones.” This is not a statement about markets. This is a statement about a particular model (a number of situations are more certain in the long run). To be completely fair, the author could have been referring to a feature of the model, but the statement easily leads the reader to infer otherwise. Such blurring of the distinction between models and reality is far too common.

Some comments on Quantnet and Twitter feedback:

VAR, Sharpe ratios, implied vols, yea yea; what the geeks don’t get (great article) http://j.mp/cp2nfg

From: http://www.quantnet.com/what-geeks-dont-get/

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs