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EQS Does any one have anything on EQS valuation? Thanks.

Neither of the two dates -- I will be travelling in China during that time. Enjoy the picnic, guys !!!

Happy Birthday!! Professor, your courses were tough, very tough; but we will always remember how much efforts that you put into teaching us and helping us!! Thank you for everything and happy birthday!!:tiphat: And.... enjoy your trip in France!!!;)

Congratulations! What a happy moment. :)

Hi Greg!!! Happy Birthday!! Best wishes and lots, lots more The Simpsons!!!! :D

Yan He, If you understood what I wrote in my post above, you would have realized that I meant the same thing as your "persoanl preference". While stating out some fact, I had no intention to put men on "the dark side" at all, if I have to make myself clear. Also, if you read the entire thread...

I wonder what would be the insurance premium for using time series...:-ss

Obtaining internships: New York vs. overseas... I sometimes wonder if we can do a comparison on the difficulty/competition levels of the two.

Urszula, I would have to agree with you on this. I often hear guys saying (in a very aggresive tone), "SHOW ME THE MONEY!"; but I don't hear the same from women (at least not as much.) Also...I'm quite sure that people have their individual metrics when it comes to making important decisions...

hmmm, this makes me wonder whether or not Tyra Banks would be there...;)

What working environment would you enjoy being in? What do you love doing for the rest of your career life? Not sure which question would be easier to answer, but career satisfaction comes much closer when one knows him- or herself. What are your goals?

Any idea can be a great idea if you can get it to work well with other important factors in your life. But uncertainty always exists... we sometimes find ourselves having to go forward before knowing clearly what is exactly in front of us. Get it started and adjust the directions as you go. I'm...

I wonder how often luck plays a part in things like landing a job...There are always winners and losers in both good and bad situations... I do wonder sometimes what makes the differences at times... Any wise man out there?:cry:

Alain!!! You appear to like/love all sports/games -- baseball, football, horse race, what else? Give us a full list so that some of us can check them out!! (I thought you would have no time for fun in the midst of work, family life, and stochastic calculus.... like some say... you are the...

Your analysis does not represent your analytical skills well.

Yes Andy... it is the you-know-who!!! :D

you are welcome...

Unfortunately, THE MAN is not working here any more. By the way, which book are you referring to? Thanks.

Happy Birthday, Vadim!!! Isn't it so great that your birthday lands on Spring Break??!!!

Your plan sounds reasonable, but if I were you... I would gear majority of my effort towards finding jobs, jobs, and jobs. Along the same lines with other guys here, I also feel that employers care the most about your working experience after your undergrad. This might sound harsh to people like...

Very unlikely... we have a lot of things to take care lately... we hope to join in some future gatherings though... :tiphat:

definitely nice! I would love to join if it were a weekend activity... looking forward to something similar in the near future.

absolute convergence might be needed, including our director too... :D

In my humble opinion, "human errors" are way worse than any "model errors". :-ss

Welcome, Asish! We look forward to learning from you as well!:D

It seems that you want some votes from the "audience"... here is my vote then: CMU. :)

That was fictional, Russian Mike. ;)

Way to go, President Mirebella. By the way, any events coming up?? Please....

I'm also curious to see how it goes. After briefly reading information about the Fordham program, I don't feel that it's rigorous enough; instead, it seems to concentrate on the newest techniques being applied on Wall Street, which can change quickly as we speak. Like what our professor, Sylvan...

you could be the first one and start a great new tradition here!! Welcome!!! Sincerely, Bridgett

happy birthday, nalin. Good luck at your new job and may your wishes come true.

happy birthday, Andy!!!! May all your wishes come true.

you might want to check out the deal proposed last fall with Citic Securities, which is a state-owned investment company of China. This company has extremely strong ties with both Beijing and Hong Kong... And Bear Stearns was trying to use this proposed plan to boost its image last fall... but...

Happy Birthday!! Happy Birthday!! And Happy Birthday!!! :tiphat:

Happy Birthday, Akino. Cake, party, sake, or sushi, and what else... kimono? :D

Yes, great jobs, guys! Congratulations!!

anxiously anticipating great presentations this evening!! :)

From what I can remember seeing, no one from the Patriots has publicly congratulated the Giants as they should -- this is lack of sportsmanship!:-k

Like one of the Giants said after the big win, "we surprised the world, but not ourselves!!!!" Celerbrate for the Giants' historical win!!!

Giants, Giants, Giants!!! I support Giants... =D>

Professors, Can you each specify the chapters or pages of each book that you will be using? I'd really appreciate your help! Thanks, Bridgett

Happy Birthday with all the best wishes!!

Congratulations, Alain and Wendy!!! What a great time to celebrate -- the baby, the holidays, and so much more happiness.

me too:D

There are always "good/bad times"; every one gets his or her own turns.

Very nice design for today's theme, Andy (and whoever else contributed)! I got freaked out by the "darkness" at first. Very cute!! :D

Happy Birthday and look forward to having you here with us for another and many great years !! Best wishes.

When the need is urgent enough, changes will take place quickly enough. It's evolving even as we speak.

should be a very interesting talk...

Sam, Very nice story. Thanks for sharing it with us! Good luck with your career and other goals in life in general.

Reading this thread is just getting better and better. Personally, I would also like to sit in such a talk by Gus!!

Happy Birthday! We are so lucky to have you!! Happy birthday!!

To demand basic respect is not bashing. We appreciate your honesty but not your thoughtlessness.

Happy Birthday! Alain, Happy birthday, Alain. Hope that you will allow yourself a little break on your day!! Very best wishes. Bridgett

Happy Birthday!!

I know it's a little late, but the wish is the same -- Happy Birthday! By the way, it was great to meet you during one of the refreshers this summer... and hope to get to know you better!

happy birthday, Frank. Look forward to meeting with you.

Hi guys and gals, thank you all so much -- my day has been great because of your wonderful wishes!! :D

more pictures Maggie:"I have one too" Group pic Chili pepper eating contest Andy: "AND THE WINNER IS ....." Vietnamese sandwich: $3.50 Iced Pepsi can: $2 Chili pepper: FREE Picture of Adam winning the first Quantnet Chili pepper eating contest: PRICELESS !

Suggestion for signs. Guys, I need to think about something great for putting up the sign for our picnic in Central Park. So far, I have no idea yet. Can anyone think of anything that will be eye-catching and yet easy to handle?:sos:

Kinda like the sack that you were speaking of. But, look the picture carefully -- it's not a sack at all.

Oh yeah!! I remember that I used to play this alot growing up. And I also was able to use couple of coins, feather, and fabric to make my own. Oh, those good old times...:-\"

Chris, Thanks for the posting. Besides the list, how much man power would we need during some different time windows? How many people do you need for the setup, clean-up or things of that sort? (Any volunteers so far?) Bridgett

Andy, direct this question to both Billy and Chris -- they two are the anchors of this activity. Oh, also, we don't want to leak out details early to spoil the fun surprises, guys...:-ss

Happy belated birthday, Adolfo.

I know!!! Seriously...:smt081

drum please... :band:

yes, Vlad... I miss those awesome cookies... where are they, where are you? :-ss Wish you the best of the best of the best of the best.... (and the story goes on and on and on and on...)\\:D/

Some may still wonder how a typical IB is structured such as front, middle, and back offices and the products they deal with. Here is what I ran into on the wikipedia.org... seems pretty good. [/LIST]

Yup, PR is important and cheer-leading is just as necessary as a sober look of oneself -- after all the outlook of any economy is rested upon the perceptions, at least partially anyway. Thanks for sharing the info guys.

Thanks Andy for the posting... please post more info about the City when you have it. :)

Certain parts of Elmhurst can be great - convient for one to get around and get to Manhattan and safe enough. So, be careful when selecting a spot in Elmhurst area. Besides Elmhurst, I also recommand areas like Woodside and Sunnyside, which both are in Queens as well. In my humble opinion...

I do sincerely hope that you get to survive, naeron... :D

Indeed interesting... thanks for the pointer.

happy birthday, mike.

Indeed great to see an awesome turnout Fascinating to see new faces to become our old friends Thank you Prof. H for the arrangement Thank you Prof. Stefanica for the delicious food Thank you Andy for making the mission of showing this movie possible ;) ... last but not the least... where is the...

It's tomorrow... more signups, anyone?

Yes, Bill... some of us will be there... you know it.

I know... and the news goes around so fast -- I got Bear's internal announcement this morning, then I was actually talking about this at lunch with a friend of mine who is a lawyer at Lehman, which had their internal announcement on the other side. I guess the finance world is really small no...

indeed very interesting article and enjoyable reading. thanks for sharing, andy.

Really? Is this exclusive to incoming students only? hmmm~, I smell something like caste for some reason...

Where did you get your yummy Indian Buffet? Maybe we should go there for our next group outing?

I listened to the conference call by Bear's CFO. It was quite interesting and insightful. The CFO was frank about the loss and damages. He pointed out improvements on liquidation, enhancement, financing funds, etc. We'll see how it goes from here.

Andy, we'll set up a RSVP here after deciding on the time and location for this. (I will keep you posted on this...) Great suggestion, thanks! And again, we are anxiously hoping that new members and incoming students would be able to join us this time.

Welcome Devon, and thank you for sharing some of the information about your work and involvement in the field. Look forward to seeing more exchange of information here with us!

agreed, definitely!

I know!! I was really impressed by MS's performance, while reading the news this morning!!! :thumbsup:

I would go for rafting!!!

Yiping/Anyone who is concerned, I found pretty much all my housing options on CL, and I've been pretty happy with it. (thought that such a testimony might be helpful by any means...)

Ok, ok, Andy... I know where you are coming from... you just can't hide your exitement, can you?;)

It's an interesting time, isn't it... Morgan Stanley is set to report earnings Wednesday... watch out guys...

I managed to attend this entire conference -- very insightful and educational. My favorite speakers at the conference were Jim Simons and Andrew Lau. Let me know if any of you would like to see my notes from the conference. I also got some info on 7City, if anyone interested. Don't miss it next...

Happy Birthday! Danielle, Happy birthday! I hope that you get some time to rest, relax and enjoy your day before the summer term starts again. :)

I like this idea! But may I also suggest that when you try to trade/sell a book, could you highlight a few points to tell us why you think it's a worth-reading book? I'd personally appreciate this... Thanks!

Happy Birthday and best wishes...

some current students do use MatLab though, but I'm not sure about the %.

agreed! The hint here is obvious. We should all try to look for clues and dig before asking.

Just a reminder for whoever has registered for this event -- it's this coming Monday!

happy birthday and wish that your birthday will energize you while preparing for finals!! =D> Score, score, score!!!

Mike, It seems that you are facing a tough situation right now, and I would not know what to do exactly either. But based on my own experience, I would say -- take some time to see a bigger picture and remind yourself what your ultimate goals are and what makes you truly happy in the lasting...

Hi Greg -- happy birthday! We are very impressed with your knowledge, energy level, and drive!

I wish this could be held during off hours....

sounds like a lot of time, but week days don't actually provide part-time students much time at all.

happy birthday!

Hasan, thank you very much for the great evening! We all wish you the very best.

my personal opinion on the looks only: the Blackberry 8830 looks a lot more sophisticated and professional than the iPhone. And for whatever reason, I'm not impressed by the iPhone in any way -- maybe just don't feel it.:smt102

Andy, what is it? What cuisine?:smt017

Either one would make my tummy reallyyyyyyyyyyyy happy! :D

Chris/Max, Can you two take care of planning the transportation and meeting details? Thanks, Bridgett

Hi Peik Looi!! Happy Birthday!!! How lucky it is to have birthday on a Sunday when we don't have school or work!!! ;) Enjoy your big day! By the way...you know that some of us are in the same neighborhood -- if you have some time to spare, let me know so that we can celebrate for you!

Me too, me too... A suggestion... can we have a Linux party after final for testing out the up-to-date Linux technology? Anyone interested?

wow, look who is also aging! :D dude, duh, for sure, seriously... Let's see... how should we celebrate it....

A reminder... more questions or suggestions?

anyone else is joining us?

Thank you for making the time to fix this while busy with school work. Good luck on your exams this week. \\:D/

upper limit or lower limit of 25 students?

Andy, you are so right -- I will definitely be there (I have no more excuses for not going:D )

Thanks, Max -- it seems that you always have good articles to recommend!! :thumbsup:

Thank you for your helpful insights, Professor Holowczak!

If I understand correctly, according to what I learned from Greg (our risk instructor), this is kinda exclusive to a narrowly defined group (and we are still considered as outsiders). Greg was trying to get us in, but I guess more aggregated and continuous efforts are needed? I imagine any...

I also would like to learn about forex and possibly some basic things about carry trade.

If you want to go into the Investment Banking division of some of the competitive firms, an MBA may become a solid requirement to even get in.

THANK YOU VERY MUCH, CHRIS!!

Andy, In my humble opinion, it's better to wear business attire -- you'll never know what impression or connection you might make... so, it's better to prepare and present your best.

All, If you need reimbursement for the costs related to the BBQ party, please bring your receipts to me when we meet for class next time, or you can contact me by PM/email/phone, etc. any time. Woody, Thank you for hosting the gathering -- it was great! Bridgett

Happy Birthday and enjoy the new Spring!

Happy Birthday! Hi Andy, Happy Birthday!! Here are the reasons that you are very special to all of us: 1. You are always very willing to help any of us any time. 2. You devote so much time and efforts to make good difference in building our great community. 3. You have excellent leadership...

Gus, Thank you very much for sharing your insights... I'm now thinking about entering next year's because of your example, inputs, and encouragement. Lots appreciation!! Bridgett

Congratulations! Congratulations Gus, and Andy, well done!!

Thank you very much Curt and Alain!!! It was actually the best talk I've ever attended -- informal, comfortable, informative, very awesome atmosphere for two-way communications! Alain, please pass our gratitude again to your great friend -- we deeply appreciate what he brought to us, and we...

This is just a reminder... more people can still sign up...

Great article! Clever and could be manipulative too... :wasntme:

hmmm.... sounds interseting. How about heading there this Wednesday? If so it happens, I will go this time too. :D

This is what I have in mind, but I will have to talk to them about the schedule and see what's available. Very valid point, I will bring this to their attention and try to get us some one specialized in quant related area. Thanks for the inputs!

I got some questions and suggestions so far already - very awesome! Please keep coming guys, send me messages and tell me more about what you would want them to address!

All, Because it occurs to me that students in our program also think quite highly of Bear Stearns, I am going to help you guys to get to know this firm and its hiring "secrets" a little better. I have requested Bear Stearns HR office for them to send some one to us and speak to us. I have...

Congratulations and welcome! Besides all the should-do's, let me say that you will for sure enjoy New York and your close family at Baruch. Don't worry too much -- come and enjoy! :)

Andy, thank you for all the great work and great ideas!

To answer your question, I personally feel that the interview is an important opportunity for Dan to get to know you a little bit better as a unique individual, fit for the program or not... Be yourself is the best strategy for everyone!

Congratulations! This reminds me what Dan once said to me:"I like to make people happy!" Can't wait to see you and get to know you!!!

Will do, Chris.

I'll bring some snacks too. (if you have any preferences or suggestions, please let me know by posting here by 5pm) PS. Thanks woody!

I bet it will be pretty hard for Eddie to forget this year's bumpy birthday. :D

Dining out Guys, our Rushali would like to go out with us to eat after the movie... where should we go?;)

Happy Birthday, Rushali! It's always been my privilege to be around you!! Thank you for being who you are!

Kim... for your birthday, your code will work!!! Good luck with everything and hope that you can find a chance to celebrate!!! :smt035

2 hours would be optimal. This way, if there is more demand after the 2 hours, feedback can made available for optimizing the next session.

Andy, I'm sure that many of us would be more than happy to compile that "list...", and it will be very, very benefitial to all of us. But do you remember that, according to you-know-who, we need to keep this type of information as confidential as possible?

Andy, Thanks for those wonderful offers. I especially like the Quiz and OpenSource ideas. Any details on how we can all help out if interested in some of the ideas? Thanks! Bridgett

Love it! Expect more to come, Nalin :D

Dear gavi16, If I recall correctly, I had similar anxiety before I was admitted into this program at Baruch. Please have faith in the school's admission procedure, and I can personally assure you that Director Stefanica is very experienced with both domestic and international applicants...

Make a wish, blow the candle~~~ :smt020

Yan (Maggie), you are absolutely soooooooooo awesome!!! :smt038

Hi naeron, I totally understand what you might have in mind about fairness. I can't really speak for others who set up grants/scholarships for various purposes. But if I see any similar opportunities that are available to candidates of both genders or males only, I will be sure to let all of...

Maggie, I'm so glad to hear that you know some people who might be able to take advantage of this resource!! The money is there, we just need peole with ideas and motivation. It doesn't take too much for qualifying for this program, as long as the candidate is female. The idea behind it is to...

Although I love all of you, this resource right now is only available to females. Please let me know if: 1. You have a research or just a cool little project... 2. You are a teacher or a faculty memeber in college or any school 3. You have friends that meet #1 and #2 Please contact me...

The best "book" out there is "practice, practice, and practice". :D

Seems really interesting...I would love to have a job in this or a similar position. :smt033

DominiConnor, impressive insights and writing style!! If you haven't done so, maybe you want to consider publishing this article of your own?!(At lest I enjoyed reading it very much! :smt023 ) Looking forward to seeing more valuable insights from you!!

Amen to that. By the way, Bear Stearns has signed a deal of getting its new office building built in Canary Wharf. I think it's due somewhere around 2008

Dominic! Thank you so much for your efforts, tips, and contribution here... we all really appreciate them!!! But the most important thing is.... HAPPY BIRTHDAY!!!!

Happly Birthday QN!! Dear Quantnet: Although you are only three years old, you have been a very mature and gracious host for all of us who are developing skills and sensibilities in quant finance. You are always here for us 24/7 with the only exceptions when Andy needs to do some little...

In the past two days (seemingly within 24 hours), I saw the Googlebot visiting our site at least twice. If my previous knowledge with this searching engine is still accurate, this can indicate our site's great popularity and success with Google. Not everyone can get on the index list of...

Oh my gosh...I didn't realize yesterday that today is your birthday...my bad!!! Otherwise we could've celebrated your birthday together yesterday. Anyway... I hope that you have a wonderful time today and may your wishes come true. tons and tons love for you from all of us oxoxoxoxoxox...

Isn't it great to celebrate b-day after our midterm?! (well...I assume that you ARE taking Math9821 with us...) Happy Birthday!!! :smt020

Bob is happy, and he is always happy. But let's emphasize just one more time... "HAPPY (birthday) Bob"! Bob has to be happy and here is why: 1. Bob has great friends 2. Bob has tons of fans 3. Bob is so smart and I have to call him "Smart Bob" everytime I see him. 4. Bob can always get...

Belated birthday wishes for Dr. Ma. I look forward to meeting you in the near future. :smt020 (Maybe we might be able to see Dr. Ma at our incoming gathering? :smt113 )

Elias, I am impressed with your persistency. Keep up the good work. We sometimes just have to remind us that life offers both opportunities and trials. Best wishes, Bridgett

see...it all depends who comes in first and who makes up the rules of the game. What's math? What's truth? It's allllllllllllll relative. :mrgreen:

I wonder what the incentive of this study was: - promote drinking? - find more logical reasons for drinkers to drink more? - press non-drinkers to drink? What is really the life-style that YOU want? Don't let others to force you into something that you didn't want. Hope that every one...

English is the #1 language/culture in the global financial community. But, if you want to span your horizon and be at the leading edge of the global workforce in world finance, which language/culture knowledge would empower you the most? 1. Spanish 2. French 3. German 4. Chinese 5. Korean...

Now my question is: what is the difference between Mathematical finance and Applied Mathematics for Finance? Can we say AMF also focuses on application like financial engineering and computational finance do? Or, should we just switch our name like what Professor Stefanica has suggested?

Here goes the song for you... Happy birthday to you~ Happy birthday to you~ Happy birthday dear Alain~ Happy birthday to you~~~~~~~~~ Did you hear that? That is all of us singing the birthday song for you!!! :smt035 Oh what? you missed couple of lines? Ok, here we go again: Happy...

My apartment in Utah...getting ready for school...didn't quite yet realize what really had just happened.

I always like Dell, and I'm still using one. But I've heard that HP is not so durable. Of couse, there are people like Andy who are so crazy about IBM's Think Pad. So, I would say either Dell or Think Pad, maybe?

what are the available groups so far?

wait a minute...how is this gonna be organized or structured again?

Hmmmm, woody, can you get the insider secret for me though? :smt115

I saw a similar report on CNN.com as well. And you are right, Frank, it mostly depends on how the device can interact with other ends. It seems that more digging needs to be on the way.

Alain, Do you also watch clips/videos on your ipod? Do you feel that 30GB is enough of capacity in terms of storage? And what about reading ebooks off the ipod screen?

Frank, I actually have one mp3 player already. So, if I buy an ipod, I want it to have some really good features that my old one doesn't. I heard that you can read books and watch videos (even lectures) on ipod. I wonder if this is really a matured technology and if there is a good source...

I'm thinking and thinking and thinking about getting an ipod that can hold everything for me and that has nice features in realistic sense. But I can't decide if I should get the 30GB ($299) one or the 60GB ($399). I can't sort out the "cost-benefit" equation for the two options yet. Please...

The C++ instructors are very knowledgeable and exprienced with C++ and its application at work in Finance. We are so fortunate to have them. I totally recommend it to anyone. However, it'll be really nice if they also could follow a well-structured lesson plan each time they come into the...

Wow, what a sweet and wonderful family I have here. Thank you so much everyone!! I'm borrowing a thankful note from a little girl here and hope that it can help me a little bit with expressing my gratitude to everyone.

After sampling some press products such as FT, NYT, WSJ, Economists, etc., I find myself enjoying FT the most. I'm not sure if it's because its style of writing, ways or organizing materials, of just the pinkish paper (j/k). I've subsribed Economists and I'm not that impressed by it any more...

Thank you for the insights, Frank. Also...what's your opinion on Financial Times?

HAPPY MOMENTS RISE AND RIANNA IS HERE!!!! Our beloved Professor Stephanica has a new and precious addition to his family and today is Rianna Stephanica's birthday (is she zero-year old today? I'm not sure :smt017 ). Should we have Prof. Stephanica register for Rianna so that she will become...

Note: I can totally picture some of you playing a key role in constructing sound financial systems for some developing economies in the near future. Keep up the good work, guys. I'm so proud of all of you!! :smt035 And of course, greater opportunities are often accompanied with greater risks...

I'd prefer this alternative.

Keep it in mind that this is not a program of MASTER OF SCIENCE IN PROGRAMMING though. What is really the big picture here, anyone?

Frank -- it sounds like your friend has a terrible life style (no life at all). I would have to settle for less money if necessary.

Ilya- Thank you very much for sharing the info. It gives me a good idea on how to put pieces together. I will try to run some pilot programs when I get the chance and I probably will have more questions for you since you are steps ahead of me on this matter. Again, thank you for helping.

I was told that we register in person for the first time, and then online afterwards.

Please sign me up for Social Hub mod. Thanks, Bridgett Response by the Quantnet Team Bridgett, Welcome on board. Please see note to Frank above. You now become a moderator of Quantnet Social Hub.

Welcome to the club, Andy!!! (Soon we'll be able to build our AMF student headquarters in Queens.) Housing prices in Queens are generally good, right? You left one area out -- I heard that "Sunnyside" is pretty good as well. Keep us posted, Andy. :)

No worries, Andy -- I also don't like those forwarded emails, and I won't do that to any of you. :) A friend of mine is writing something on "feeling God's love every day". The purpose of it is to help everyone to feel joy everyday. She sent me her rough draft just so that I could help her...

I received this message in an email today and just wanted to share it with all of you. An Open Heart Is: Enlarged Soft Open Bright Warm Full A Closed Heart Is: Shriveled Small Hard Dark Cold Hollow Tucked Deep Inside a Protective Wall...

Yes, thank you, thank you so much, Vlad...for your kind gesture and your yummy cookies. I'm sure that we'll all have the opportunities to get to know you better. (can we celebrate your birthday everyday for the sake of getting cookies from you?? [-o< )

Andy, you remember those lines too well. We all have been severely brain-washed by CNN and its sorts.

k, me too.