Wilmott

Trolls, Troll Hunters and Troll Groupies – the wilmott.com experience

1 August 2013 Paul 0

Trolls are in the news with a vengeance. We are hearing about anonymous tweet threats of rape, threats of bombing, and imagined details of a certain academic’s lady garden. Many of the commentators are new […]

Fitch Acquires 7city – great news for the CQF!

24 January 2013 Paul 0

Fitch and 7city are forming “Fitch 7city Learning,” press release below. This is fantastic news for the CQF as it means an already brilliant course is now unstoppable in its goal to improve quant finance […]

Have You Had An Illness That Wasn’t Your Fault?

14 November 2012 Paul 0

Scientific advance that is certain to be exploited by ambulance-chasing lawyers: DNA sequencing of MRSA used to stop outbreak. This is the beginning of the story that I’ve been predicting for years. Thanks to the […]

High Frequency Trading and the UK Government’s Whitewash

22 October 2012 Paul 0

The UK Government’s Foresight Project has just announced the results of its two-year investigation into electronic trading and markets. And the good news for hedgies is that they’ve decided that high-frequency trading is mostly safe! […]

My Experience Of The OCC And Their Understanding Of Risk

11 June 2012 Paul 0

I can now reveal that is was the OCC… The nameless regulator I criticized in my blog on calibration, “Bankers Can’t Avoid Risk by Hiding It,” was the Office of the Comptroller of Currency in […]

New Flag For Old

12 February 2012 Paul 0

Replace the Scottish Blue with the Welsh Green? It has a certain ‘freshness’ about it. I don’t think it works as well on a tie, but the new flag is actually much better than the […]

Europe – What’s the point?

12 December 2011 Paul 0

I have always believed that the EU and the Euro are simply ego trips for a few Northern European politicians, their desire for a legacy. For Southern and Eastern Europeans the EU and Euro are […]

Taxation To Slow Down High-Frequency Speculation While Not Affecting Hedging Activity

11 November 2011 Paul Comments Off

The Tobin (or Robin Hood) Tax was proposed decades ago by the eponymous Nobel Laureate (that’s James Tobin, not Robin Hood) as a means of stabilizing currencies via a small tax on all transactions. Every […]

Bankers Can’t Avoid Risk by Hiding It

9 November 2011 Paul Comments Off

(A version of this was first published on Bloomberg.com on May 24, 2011.) One of the supposed silver linings of our recent economic disaster was the idea that we finally understood how hazardous our exotic […]

Quant Lessons From The Royal Wedding

29 April 2011 Paul Comments Off

I like to teach certain quant finance ideas by reference to real life, often involving supermarkets and tins of baked beans (see for example The Role of Mathematics in Finance: Relevance, Reliance, Robustness). This is […]