Highlights "Winsemius in Singapore's Economic History" via @YouTube
We must remember what Lee Kuan Yew used to say about the prospects of political system democracy in underdeveloped societies.
This American or UK Style one man one vote political system has no cultural, political, societal, economic, or dialectical antecedents in several of the Asian, Latin American or African Countries.
Most of these nations in the three continents were colonialized, hence, they have a long way to go in transforming and successfully evolving themselves, before, they can accept the #fact-#value #dichotomy that exists within the realm of social and political #philosophy.
#Putnam

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More from @SAH16928046

10 Apr
Does #risk management involve a lot of maths?
Yes and No!

It's a well-rounded discipline.
For #Actuarial, Insurance, Financial Engineering, Quantitative Finance and Investment Management, Mathematical Trading, and Financial Risk Assignments, you might require a lot of Maths and Statistics.

Is like asking whether we need milk and sugar for making ice cream ;)
Read 9 tweets
7 Apr
Are we ready for the next crisis? | DW Documentary via @YouTube
you must read history to get a perspective of how things went wrong or might go wrong in the foreseeable future. I have always implored students to take more courses in Economic History, and the History of Economic Thought, instead of blindly selecting mathematical economics,
financial engineering, and econometrics style courses in the third year of their honours degree.

I would advise students to read #Minsky's Hypothesis and how he predicted that financial stability will lead to instability sometimes!
Read 7 tweets
6 Apr
What are new graduates doing to be attractive to banks entry-level analyst programs?
@ABABankers @TheBanker @CIOonline @RiskDotNet @FT
Interesting question.
Banking sector MTO - Management Trainee Officers Program vary from country to country.
In my country Bank Staff Colleges train young graduates to become bankers.
The hired graduates have to undergo an intensive training course by attending several In-house boot camps or lecture hall workshops before they are moved into the formal workplace.
Read 38 tweets
4 Apr
What are the advantages when we compare Quantitative Finance and Quantitative Economics? How likely can a quantitative economics student find a job in the industry compared to quantitative finance?
@ecmaEditors @economics @CQFInstitute @LSEeconomics
Both are different Pathways leading to different roles in the economy!

•QF - Quantitative Finance will make you more employable in the financial services industry and across (Financial Risk, ERM, Insurance, Actuarial Finance and Derivative Modelling) consulting sectors.
•QE - Quantitative Economics will enhance your chances of getting hired across the research arms of the financial services industry or the (Civil services) bureaucracy, & /or it further enables you to do a PhD in Mathematical Economics / Econometrics, etc.
Read 15 tweets
3 Apr
How can I start a career in #risk management in the financial services industry?
@GARP_Risk @PRMIA @RIMSorg @actuarynews @SOActuaries @CQFInstitute @CFAinstitute
I believe they are many degrees that can be a good value for money, provided you know where you would like to work in the long run.
In the developing world markets, employers still don't appreciate highly technical education in risk, actuarial sciences, financial engineering, quantitative economics, machine learning, etc.

For them, an #MBA is a be-all and an end-all troubleshooter.
Read 22 tweets
27 Mar
Which are some interesting stylized facts about Risk Management and IAD Failures across global corporations?
@PRMIA @GARP_Risk @BIS_org
Quantitative Risk Management when turned into a profession, does not work in reality in most cases, as witnessed now outside the Insurance Sector!
Insurance is different because the profession is led by well-trained quantitative professionals such as Actuaries!
The multiple reasons for the failure of Risk Management and Auditing Departments at firms could be the following =>
Read 19 tweets

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