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Dalio is a perfect example of just how much finance has evolved over the last 30-40 years. Risk parity today is a turbo vanilla strategy that every systematic s
by mamonster 3y ago
Dalio is a perfect example of just how much finance has evolved over the last 30-40 years. Risk parity today is a turbo vanilla strategy that every systematic shop can offer and that a master student in fin. eng. can probably build, and yet in like 1990 this was the forefront of systematic investing and got you paid. Bridgewater today is still riding on the fact that they "invented" risk parity.
- financltravsty 3y agoCurious if there are any materials to do some autodidactic learning similar to what a financial engineering masters would get you. There are a lot of oft recommended books whenever the topic comes up, but they always border on too theoretical or outright "pop." I would imagine simply looking at a syllabus from something like Baruch and going through the recommended readings would be a starting point.
- mamonster 3y agoI mean, if you have MFE prerequisites then sure. The prerequisites for modern financial engineering is having a good handle on probability theory and in particular stochastic calculus. It would also depend on the program. Baruch is more for quant strats and wants to send people to option market makers/funds or to banks to sell derivatives. Something like Carnegie Mellon MSCF(Computational Finance) is more oriented to send people to Bridgewater or AQR, which run systematic strats(risk parity, factor, alternative risk premia, portable alpha, etc.).