Math nerds are taking over Wall Street
When you think about the typical Wall Street trader, you probably picture a fast-talking Wolf of Wall Street type.
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“Geologist [I'm Climate Change]”
Since: Mar 07
#1 Jul 28, 2014
Odd thing is that in financial circles you do not need to be a math nerd.
ALL financial math is linear & most of the math tricks are either unnecessary of simply do not add up.
Simple fact is that minus & minus = minus (bigger), it does not cancel out to make a plus.
That is the cardinal rule about financial math which was screwed up & thrown in the bin during the timespan 2001-2009.
The only real complex math is the rate of loss or addition of finance (apr etc). The only other bit is relative value of product (which varies daily).
The only thing to beware of in finacial math is the attempt to produce exploitable debt at all costs. If that breaks out, the victim's career is OVER & the country hosting the practice is in for a devastating financial crash, as a simple result of the absence of taxable income from an increasing number of ex career victims of the practice. This caused major problems in the UK in 2009, when not only the employee base crashed, but the welfare state meant to be a temporary agency work holding pen ran out of funds from the taxpayer to subsidise the exploited up to the level of the "breadline" in order to hide the destitution produced by exploitation.
The result of the blacklists produced by attempts to produce exlpoitable debt is the absence of UK workforce in most UK jobs, which were taken over by foreign nationals whom were far more difficult to trace & exploit via the welfare state corrupted to service exploitable debt, for the simple reason that they would up sticks & try again when the exploitation got at their job.
The Labour party under Tony Blair & Gordon brown are justifiably out of office for committing ALL of the classical financial sins listed in this little gripe. Currently as a result of continued attempts @ exploitation (some people NEVER learn), the voice of the burgeoning non working class is now UKIP, whom will get their vote if only because of the £ sign on the logo.
Have a nice day: Ag
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