Monday, March 24, 2008

Trading for dummies!!!

I could not resist but to write this because of the dummies that i've been around for a while. As a matter of fact, some of them have a year or two of college education; nonetheless, they still would behave very naively when it comes to threshing out trading strategies. No matter how you explain them, they would still believe that trading is just a fun-gamble. Forget about the rocket science that traders lately study to figure out the intricacy evolves around it, they don't even want to give a damn about basic knowledge of finance or economics. One of them has few of the online trading accounts, and the other girl plays with e-trade on her i-phone; besides them, another one has one of those 'Trading for Dummies' book, and literally advises me to learn from it regardless of my degree in mathematical finance. However, when i ask about their strategies, i get almost similar tepid response from them--they watch CNBC; they know how to click on 'Buy' and 'Sell;' one of them tells me that the Fed has cut the interest rate so i should go 'long;' the other one suggests to buy treasury bonds in somewhere in Queensland or Iceland cause the U.S economy is down, and so on. To them, it's a whole shenanigan that depends on nothing but pure luck. So i ask, why the hell we need the Federal Reserve System contributed by hundreds of Ivy league PhD grads, while these idiots could run the capital markets with all their tricks. If you try to present a logical argument, they will dismiss the fundamental facts--stochastic calculus, monte carlo simulation, econometrics, Real analysis, Discrete Structures, Risk Derivatives, Quant methods, application of physics in problem solving, algorithmic trading, hedging methodologies--that are quintessential for modern day trading, and convolute these ideas with their stupid luck theory.
Unfortunately, these people come from a specific zone of a foreign nation, and I don't want to stereotype as it is unethical. Nevertheless, for this particular group of people, i have to confess that they are real dummies, and their favorite book says it all.

Wednesday, December 19, 2007

Sumptuousness!!!

A few days ago, while i was watching CNBC 'Fast Money,' i noticed a plethora of exclusive items of 'Nordstrom' that the team was threshing out. So, I decided to unearth what's all the fuss about this high-net-worth retail website. The collection of men's aparels, i discovered, was quite voluminous. "As a professional trader, i have to rack-in a lucrative bonus package to be able to buy these baroque sh**ts," i said to myself. All of a sudden, one of our friends named 'Macky Jr.' (to decipher his name, 'South Park' episode with Mr. Macky is recommended) interrupted, "Why are you checking out these classy outfits? i like to wear them, but you guys call me gay." In few words, Macky Jr. would be a classic character in our gang with few eccentric attributes--a slander, diminutive '4o year old virgin' who still lives with his parents; who has asinine senses of humor; who is an epicure vegetarian and I-Hoper but is a cheap-jack, often obscenely, when it comes to tipping the waitresses; who loves to play tennis with his pink 'Vanessa Williams' tennis racket and is very fond of wearing women's sunglasses while driving. Nevertheless, when it comes to shopping, he has a disrepute of driving 100 miles to get to an infamous outlet mall where he would purchase frugal and eclectic 'Homo' brands like 'Banana Republic,' 'GAP,' 'Express' etc. Once, when i asked why he bought that comely pair of sandals, he took me aback and replied, "those are some classy stuff!" If i'm not wrong, nondescript style might be cool in its austereness, but cheesy 'stuff' exhibit nothing but garish and gaudy--they are no way 'Classy.' So, in a search for true sumptuousness, below is what i've found from a trader's magazine:

'Classiness Defined'



Ermengildo Zegna

Grey pinstriped suit $2,195

Blue shirt $225

Herringbone cashmere overcoat $5,895

Purple/brown tie with stripes $155

Black reversible leather belt $125

Seamaster Planet Ocean Chrono $16,ooo by Omega

Ascent Ti phone $6,300, by Vertu.

Black trench coat $3,600 by Salvatore Ferragamo

Dunhill

Black trousers $2,050

Black-striped French cuff button-down dress shirt $175

Navy blue tie with rectangles $125

Seal-logo silver cufflinks $215


Seemingly, the $50G sartorial budget might be little notorious; nonetheless, chilling out with glamorous girlfriends at HARRY'S is priceless!