@Marmelademeister
In my humble opinion as a mathematician, the problem is not the quants modeling financial markets. Those are smart and highly capable fellows. The problem is the decisionmakers in banks, who rely too heavily on the models. No-one can predict the future. Also that's not what quants do. They predict a distribution, not a value, because prediction a value is not possible. Also it's known that the classical models have shortcomings. The quant business is all about doing the best you can to minimize risk. It's better to use a good model with some shortcomings than no model.
@mingy9309
I did maths from a top university and then did Masters in financial maths - most of the material was useless in the real world. After I just liked the general outline of finance/investing concepts which are far more easier to understand and practical. Later did a Masters in Real Estate Investment & Finance and found that even more practical to life. The only thing a company will care about if they do not understand a Quant with PhD and years of programming/modelling is if he can produce models that make the company money! If the can create correlations between certain data points to give an early trade advantage for the hedge fund. Otherwise it is all useless. In the academic world the concepts are celebrated but in the real world it is all about the $$$'s!
@JimMcCann500
anyone watching this in March 2020? This documentary might as well have been made 2 weeks ago.
@ChampionMobile
“Some men wrest a living from nature. This is called work. Some men wrest a living from those who wrest a living from nature. This is called trade. Some men wrest a living from those who wrest a living from those who wrest a living from nature. This is called finance.” - ~ Fr. Vincent McNabb
@duudleDreamz
Great video. Financial mathematicians/computer scientists providing transparency to what really happened during 2008 financial crisis
@gintaras58
I liked this documentary very much. Thanks for uploading! I am an amateur trader of stocks in Europe (in Lithuania). I have never seen such a beautiful presentation of reality - stock "laws" are not Newtons laws and stuff like that...
@jamiepaul2673
I think there's only a handful of people in the world that truly understand how some of these derivatives work
@junyoung458
28:20 hmm... I'm studying mechanical engineering and I am also interested in financial engineering. But this made the point about the difference of physics and financial mathematical models...
@dragondon
Mike Osinski was my Prep School Roommate at Saint Andrews, Boca Raton, Florida. We graduated together in 1972. He was always brilliant and a great athlete as well. He was my best friend.....a thousand years ago.
@revengetrader
Wow. This is an amazing film about the craziness on Wall Street. Well Done! As a trader myself, this film is a wonderful look at the inside world of Wall Street and the absurdity of the ludicrous optimism and incorrect assumptions made on the street.
@paultruong154
"He's my quant"
@TaoPiet
"In the end you can not fool nature" Richard Feynman
@MijamiMarlitoRivera
I can hear Emanuel Derman's South African twang the second he spoke. It never leaves you!
@DaryllDickens
Fantastic video. Love how they detailed the banking element as well as the software developers' perspectives. Being a software developer myself, I can relate entirely. Kudos for the great work!
@man4hire
I wish I could listen to any of these two men for at least an hour.
@Nick-hg1ys
Too drunk to truly appreciate this at the moment but I will watch it when I sober up
@herranonym5725
I love the style of this documentary! One of the best I've seen IMO.
@yhp99
Quantitative finance will only continue to grow. As Derman says in the video, it is a question of incentives. Profit will always be a bigger incentive than most anything else at any moment. So ultimately we need a game changer that will systematically prevent toxic conditions. We need to mature as a capitalist society otherwise we might not make it the next time around.
@do_not_replytothisemail1421
18:23-19:35 Most important point in this video. It's Wall St. in a nutshell, especially private equity and hedge funds that benefit from the carried interest loophole.
@vprodocumentary