Just discovered you and your channel, this is amazing insight and work, I am currently working on developing my ideas and this is a tremendous resource, thank you Dimitri
@DimitriBianco5 жыл бұрын
No problem. Feel free to ask questions and connect on LinkedIn.
@TheXenaFilms5 жыл бұрын
Absolutely amazing. Most topics existing within the quant realm, you have such a good grasp on. I loved how you spoke about the issues regarding the computer science aspect. Anyone is capable of writing code, however the minority who can write well optimised code that follow best practices to the T is considered an asset in computer science. Really enjoy watching your videos. Thanks for sharing!
@DimitriBianco5 жыл бұрын
Thanks for being a part of the channel!
@eleonorauzaxbergenova13845 жыл бұрын
So great, Dmitri, now I got clear plan based on ur experience, thank you
@convoluted_turtle5 жыл бұрын
Thanks for sharing the great info!
@AaronHernandez-xv4qh5 жыл бұрын
Just found your channel which I needed. Thank you.
@dwight4k5 жыл бұрын
Hey Dimitri. Thanks for sharing this. Do you have a book/reading list somewhere? I can't make out the titles of some of the books.
@DimitriBianco5 жыл бұрын
I'll put a list together and post it.
@dwight4k5 жыл бұрын
@@DimitriBianco Thanks. I know you're very busy, so no hurry. Also, I would be happy with just the ISBN numbers. That would speed things up for you too.
@DimitriBianco5 жыл бұрын
I have a video on 32 books coming out this Sunday. It will have book titles and links in the description. I broke the video up into different categories and I talk a little about each book as well.
@dwight4k5 жыл бұрын
@@DimitriBianco Thank you! I wasn't expecting this. :-)
@rodolfogonzalezalves13565 жыл бұрын
Great description dimitri could you please write the list on the description?
@DimitriBianco5 жыл бұрын
I have a video on 32 books coming out this Sunday. It will have book titles and links in the description. I broke the video up into different categories and I talk a little about each book as well.
@MusiCrazyEsperanza3 жыл бұрын
Dope beard dude
@maxwellarnold5705 жыл бұрын
What’s your opinion on Quantopian? You should definitely make a video about this
@DimitriBianco5 жыл бұрын
I'll consider it.
@yyyyy41655 жыл бұрын
Hey Dimitri how good I need to be at programming? I am good at finance and mathematics but I don't know programming should I go for financial engineering?
@DimitriBianco5 жыл бұрын
You can learning programming during a financial engineering masters however I encourage you to start learning R or Python online before you start the program. In general you will need to be functional for a job but you'll be happier and more productive at quant finance if you can program at a higher level.
@traderjoe10055 жыл бұрын
Hey Dimitri, Thanks for your video. Supper helpful. I am currently pursuing a master of financial mathematics at the University of Chicago. I agree with your point about learning programming algorithm. I don’t have any computer science experience before. What are some fundamental CS courses you would recommend me to take?
@DimitriBianco5 жыл бұрын
I would recommend classes along the lines of these topics: Programming and Data Structures Logic Design Algorithms Object Oriented Programming Compiler Construction A class that most likely won't be useful is "Computer Architecture" however it is a very fascinating topic if you are interested in how computers actually work. MIT has a video series on KZfaq which covers this.
@traderjoe10055 жыл бұрын
@@DimitriBianco Thank you Dimitri. Please continue sharing your knowledge!
@AttilioPitt2 жыл бұрын
Is there a list of those books somewhere? Thx!
@DimitriBianco2 жыл бұрын
Take a look at the description of the video linked below. I have my recommended books sorted by category. kzfaq.info/get/bejne/prWEm7F62bTZoXk.html
@AttilioPitt2 жыл бұрын
@@DimitriBianco thank you really much!
@galvinng19975 жыл бұрын
Hi Dimitri, To what extent is numerical analysis (a field in mathematics) used in finance? In pricing derivatives, is the numerical method finite difference still in use nowadays, than say the martingale method? Thanks!
@DimitriBianco5 жыл бұрын
If you work in financial engineering (derivative creation) you will use numerical methods. The Black-Scholes is a closed form solution however any adjustments to the assumptions result in using numerical methods for solving the pricing equations. Yes, FDM can be used for these solutions (I don't actually work in this space but have knowledge from grad school).
@chengpeng77914 жыл бұрын
Thanks for sharing! When you say moving to hedge fund realm, does that mean risk management in hedge fund? Are they different from that in banks?
@DimitriBianco4 жыл бұрын
The roles will be similar however the titles will be different. For example, you could be a model developer (in risk management) at a bank. At a hedge fund you would be called a model developer or researcher. Both have data that they are trying to model for profits. If you work in market risk the move to a trading firm is fairly easy however if you work in credit risk it will be more challenging because the models used and goals are different. Most people don't realize that the risk management department at banks are just quant teams. They have labeled them "risk" because the models we build help mitigate risk for regulations. The models used are for all kinds of things from pricing assets, to measuring expected losses, to predicting customer behavior. Validation teams manage the model risks. Meaning the risks behind an incorrect model structures, limitations, and weaknesses.
@chengpeng77914 жыл бұрын
Thanks : )
@gaiusjuliuscaesar32045 жыл бұрын
Hey Dimitri, how much is a quant strategy making per year in the business? It might not be necessarily your results but the result of all people in the business. Best, Matt
@DimitriBianco5 жыл бұрын
This is a tough question to answer. Most for profit investing firms (excluding publicly traded banks) keep this information private. Also to make things worse, there are a lot of small players who don't properly calculate returns (gross vs risk adjusted). If you look at the article I linked below you can see the estimates for profits with the big successful quant finance firms which ranges from 6%-14.6% for 2018. www.cnbc.com/2019/01/04/hedge-fund-returns-in-2018-the-good-the-bad-the-ugly.html
@KiranMadamshetty5 жыл бұрын
Awesome resource Can please give a list of book names
@DimitriBianco5 жыл бұрын
I created another video where I briefly talk about the books. In the description I have the names and links to the books. The video is broken down by topics as well so you can focus on what type of books you are looking for. kzfaq.info/get/bejne/prWEm7F62bTZoXk.html
@harshiladalja17244 жыл бұрын
Hey Could you provide a link, for a list of books which you read for quantitative finance.
@DimitriBianco4 жыл бұрын
Below is a link I made on a reading list for quant finance. kzfaq.info/get/bejne/prWEm7F62bTZoXk.html