Documentary on Quants

Just came across this documentary on The Big Picture:

http://www.ritholtz.com/blog/2010/04/quants-the-a…

It's a Dutch documentary about quants and the financial models used to price securities. Quite a few interviews with Paul Wilmott and Emanuel Derman.

 

I particularly appreciated the commentary on how people shouldn't be paid for risking other people's money. It's still shocking to me that so many investors in hedge funds accept the traditional 2/20 (or some similar variant) compensation scheme. It's totally ridiculous.

 

Cool video, thanks for the post!

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

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