3 ms·
I had the misfortune of working for a firm where there were lots of actuaries. Every day the team leader would ask a junior to run his pricing model for a stru
by james1071 14y ago
I had the misfortune of working for a firm where there were lots of actuaries.
Every day the team leader would ask a junior to run his pricing model for a structured product.
The junior would duly press F9 and the macro would commence, with the screen flashing away like a strobe light.
24 hours later the macro would stop and the boss would return to find out the answer, which was usually wrong by an order of magnitude.
- gruseom 14y agoHow did you know the answer was wrong? If it was obvious to you, why wasn't it obvious to them?