Pro and cons on of Paul Wilmot views of math and computing in the world of quant finance
I am confused on the messaging of these videos. Paul Wilmot pretty well launched the world ofquant from my point of view. His books are like bibles.Lots of math and the like. He then launches his CQF which has become a huge money machine with C++ topics.
When you watch these videos? He says computers have no place in finanace? WTF? You just put out a huge series of books which need computing power to get the job done. I understand his point that people need to understand the logic of the math. I get that which is crucial but the computing thing I am confused about.
Maybe its my bad spelling, non PHD, or just plain ignorance. But seriously? WTF?
P.S. I would love to use the logo of CQF but I don’t need any more lawyers letters thank you. Fitch and their ilk can stick it.
P.P.S. Man this guy contradicts himself but gladly takes your money off his site. In other words, he bites the hand that feeds him. It kind of reminds me where Carlos Escobar (world’s largest cocaine dealer in history) whines about that there is a drug problem and it needs to stop! I hope he is joking what is said in this video below!
[12:36:11 PM] Bryan Downing: from dominic connor on this posting
[12:36:13 PM] Bryan Downing: The idea was meant as a joke, even now to most ‘real’ people the idea that you can make a good living buying and selling standard deviations is really not obvious. Many of us here will go to even less intuitive areas of finance.
Did the lawyer’s get to this posting?
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