I’m not sure why I am getting this now, but 7City learning is offering a year long training course to get us risk manager wannabes ready for the PRM exam. Frankly, I think the PRM certification is better than the CFA. Unfortunately, other than PRMIA and I, no one seems to think that. Go check out some job sights and seach for PRM and you will get zilch.
The classes will meet weekly until Dec 20. Cross of any vacations you were planning for the summer.
After the whole Spitzer disaster, I figure most people might know this fact already. Just in case you didn’t know, if you are married, don’t sleep with hoes … especially if you are the govenor of a large U.S. state. I guess if you are from the South and its your sister then thats fine. Consider this the first Daily VaR public service announcement.
Its that time of year. The IAFE is holding one of many talks titled “How I became a Quant” geek. The next one in NY will be held on March 27 at the Goldman building downtown.
I don’t know any of the panelists at this particular talk, but then again, maybe thats why I am just a stupid programmer. A few years ago, I went to another “How I Became a Quant” talk featuring Emmanuel Derman. That talk was incredibly memorable. If I remember correctly, the steps were to get a physics PhD at Princeton, go work part-time at Goldman Sachs sweeping floors, explain binomial pricing to traders. and the just become head of research.
It looks like if you can’t beat them, you should sue them. On March 6th at the Harvard Club in NYC you can attend Mealey’s Subprime-Backed Securities Litigation Conference. For only $1,200, you can get educated by ambulance chasers (aka security lawyers) on how you were duped by Wall St into buying CDOs on sub-prime, how you can sue and who to sue.
I still can’t believe that the French government and Soc Gen maintain that a single rogue trader caused the bank to lose 5 billion euros. In a recent Business week interview, the French Finance Minister Christine Lagarde states that Kerviel acted alone. She then goes on to to say that this industrious trader managed to break through five different firewalls. Perhaps they should have spent the $59 and get some real protection from Norton.
