Tuesday, January 13, 2009

quant – noun

(Abbr. "quantitative analyst")

A mathematical expert who formulates complex models for the securities trade that predict gains with near certainty, assuming the soundness of the variables inputted by Ivy League arts-and-sciences majors.

COMMENT: "Quant" also means "a punting pole with a broad flange near the end to prevent it from sinking into the mud." In the financial industry, the rise of quants similarly prevented investor speculation from sinking into the mathematical sludge generated by risk aversion and due diligence. Thus, the origin of the term.

Investment banking isn’t this advanced math, these advanced quantitative techniques. There’s Excel for that. Investment banking is really just critical thinking. They way I put it, if you’re good at Sudoku, you’ll be a good investment banker.

1 comment:

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