Thanks Dimitri! This is something I was also thinking through but since I have at least another 4 years of study left, I’m hopeful the quant job market will be growing again at that point. Keep up the great work with the content, it helps me keep my eye on the big picture while I grind away on my probability theory homework haha.
great theme though highly educated workers who ingress in an area with higher wages may be less affected by it, in general, people who join the labour market within a crisis may have short or even long term consequences. after reading a bunch of papers on this matter is really interesting to listen to some from the industry. thanks for the work, Dimitri ^^
I study statistics and data science in a masters program, but I’ve been seriously considering going into the banking industry after watching this channel for some time. I’m 100% more than happy to work in sell side. To me, boring is good. Hopefully I’m learning enough useful skills to get hired on in the next few years.
Hey Mr. Bianco I just had a question. Is commodity trading like electricity trading a space for quants? I've heard conflicting information with some people saying that energy companies had their own desks with quants in addition to commodities desks at banks but others say that the commodities space is more traditional with less quantitative methods being used.
Can you make a video on how advance quant concepts like stochastic processes,martingale,etc. are used practically in companies. I am following MIT's quantitative finance course,but it's getting really difficult to link concepts together,like I am not able to understand how this particular concept is going to be used in real world. I am currently pursuing mechanical engineering but got really interested in quantitative finance. I am finding it tough,since it's initial days of my journey of becoming a quant. Any advice will be appreciated.
Many prop trading firms make money from market making which is an adirectional strategy. In fact 2008/9 and 2020 were some of the best years prop firms because of volatility in the market. The worse years are flat years such as 2016. So a stock market crash is not necessary bad for prop trading. However a stock market crash can cause people to pull out the market, deceasing trading volume and volatility and that will hurt trading firms. Flat markets kill prop firms and HFT, not bear markets.
Thanks Dimitri! This is something I was also thinking through but since I have at least another 4 years of study left, I’m hopeful the quant job market will be growing again at that point. Keep up the great work with the content, it helps me keep my eye on the big picture while I grind away on my probability theory homework haha.
Thanks for making the video Dimitri! Great video as always
Thanks a lot for the video, Dimitri! Helpful, brief and informative like always! 😁
great theme
though highly educated workers who ingress in an area with higher wages may be less affected by it, in general, people who join the labour market within a crisis may have short or even long term consequences. after reading a bunch of papers on this matter is really interesting to listen to some from the industry. thanks for the work, Dimitri ^^
Spot on with the topic of discussion. Thanks for coming up with the discussion 👍
The topic was actually from a few subscribers. A big thanks to them for the idea.
Thanks 😊 for your valuable insights.
I study statistics and data science in a masters program, but I’ve been seriously considering going into the banking industry after watching this channel for some time.
I’m 100% more than happy to work in sell side. To me, boring is good. Hopefully I’m learning enough useful skills to get hired on in the next few years.
You're assuming that Bear markets will be shorter as they're. But they will be not as Bank's won't print money now.
Hey Mr. Bianco I just had a question. Is commodity trading like electricity trading a space for quants? I've heard conflicting information with some people saying that energy companies had their own desks with quants in addition to commodities desks at banks but others say that the commodities space is more traditional with less quantitative methods being used.
Can you make a video on how advance quant concepts like stochastic processes,martingale,etc. are used practically in companies.
I am following MIT's quantitative finance course,but it's getting really difficult to link concepts together,like I am not able to understand how this particular concept is going to be used in real world.
I am currently pursuing mechanical engineering but got really interested in quantitative finance. I am finding it tough,since it's initial days of my journey of becoming a quant.
Any advice will be appreciated.
Many prop trading firms make money from market making which is an adirectional strategy. In fact 2008/9 and 2020 were some of the best years prop firms because of volatility in the market. The worse years are flat years such as 2016. So a stock market crash is not necessary bad for prop trading. However a stock market crash can cause people to pull out the market, deceasing trading volume and volatility and that will hurt trading firms. Flat markets kill prop firms and HFT, not bear markets.
Dimitri you should have a economics debate with an INFORMED Keynesian. I emphasize informed.
anti advice - buy high, sell low 🙂
worldie vid
Without Keynesian economics America would still be a backwater.
Oh come on, a Recession is not an economic crisis. Does no one remember March 2020? THAT is what a crisis looks like.
See for yoursekf
@@mikeh5050 it's not that it can't happen, it just seems since 2009 and the infinite QE everyone has forgotten what a crisis looks like
I imagine he meant globally, in which case crisis is accurate I think. Several countries are on the verge of defaulting, Sri Lanka just defaulted.