>can get an entire degree's worth of knowledge free online at your own pace What have you guys been studying in your spare time? A few years ago, I had a unique opportunity to follow a master's degree in AI engineering at JHU. Now, I'm about halfway through MIT's finance theory I for grad students. It's a total trip that this class was taking place in the midst of the 2008 financial crisis.
>>16887011They modernized a lot of courses for example 18.02 multivariable is this nowhttps://math.mit.edu/~poonen/notes02.pdf and 18.03 https://math.mit.edu/~poonen/notes03.pdfThey dropped the algorithm design req for their undergrads and made AI mandatory the new notes are herehttps://introml.mit.edu/notes/
>>16887021Appreciate the post. Good information.
>>16887011look, I went through the open courserwear phase its fucking stupid just google or LLM your questions out and use high quality queries to produce best learning results rest is bullshit
>>16887040>google or LLM: What does my investment manager actually do for me that I can't do myself?As it turns out, part of the answer is an entire degree in this stuff. I'd rather skip the pseud shit and asking the LLM 100 times a day for a wrong answer and actually learn something. But feel free to prove me wrong. What is "beta" in the context of finance? I just googled it and got a wrong answer. Now you try.
>>16887051Yes especially for finance google/llm junk is worthless noise. If you want a realistic description of what quants in major firms do here you go https://blog.headlandstech.com/2017/08/03/quantitative-trading-summary/
>>16887011>knowledge>degreeThese are not the same thing and you should stop pretending they are. College is for networking (and partying) and degrees are status symbols. Any knowledge acquired along the way is purely incidental.OCW won't get you a degree (and therefore a job) and is a suboptimal way of acquiring knowledge. If you want a job you have to go to college and if you want knowledge just buy/pirate some fucking books and read them. If you don't know which books to get then the textbook for whatever class you were thinking of downloading some rando's notes for might be a good place to start.
>>16887060Ok, but a 1 page blogspot summarizing the industry does not increase my knowledge or understanding of the field.>>16887062I already have a job, so I'm not looking for the degree.>Just download the textbook Already did, but OCW comes with video lectures and problem sets. So I'd say it's superior to the textbook alone.
>>16887067Lectures are just some dipshit regurgitating what's in the book and the book probably has exercises too if you feel you need those.
>>16887072>some dipshitI wouldn't call the professor a dipshit>Just regurgitating what's in the bookMaybe at your Podunk college.
>>16887086To be fair, I have a math degree from UC Berkeley, and my set theory professor literally read out of the textbook for lectures. Maybe this is just what advanced math lectures are supposed to be like.
I am working through their quantum mechanics course (+ a book w/problems). The lecturers are very good at their job. They make it more intuitive and fun than just the book.
>They make it more intuitive and fun
>>16887011Engineering. I'm hoping to be an inventor/innovator.Being a professional mathematician is just my hobby.
>>16887103>>16887072>>16887062Ok man, we get it, you only read textbooks. What textbook are you reading?
>>16887051>>16887060if you want to learn finance learn EMH and index funds THATS IT ffs, anyway you guys should get a job to be a unprofitable trader at a firm thats the only way to make money unless your FSIQ is 105+ like me lmao
>>16887110
>>16887114Fundamentals. Nice >>16887111But how much money should I invest in an index fund?
>>16887122look, if you make under 80k a year forget about it. if your combined household income is high then put 10% in an index fund like QQQ or SPY after opening a fidelity or schwab account + wiring the money from your bank account it really isnt that difficult and the expense ratio is less than VOO which is for kikes
>>16887125if you exceed the 10% or whatever is negligible to you then you start port watching all day and fuck up with positions its not worth it ive been there with crypto up to 13m down to 2m. if you make 200k a year make sure your expenses are low and you can put 2-3k a month in SPY or QQQ (tickers you search for in the broker account) then dollar cost average which makes your average buy in not so high or low given it trends up over time
youll beat 99.99% of wall street with this simple advice anon even the so called "genius" quants that run machine learning models and use deep learning on low time frames or genetic algorithms optimizing the best fitness function or even ensemble methods that dont yield shit
>>16887125>>16887126>>16887127The idea behind me studying finance theory is that I can evaluate your reasoning. So, what's your reasoning?
>>16887011They are mostly intro courses. They don't share the real meat. Because the profs know they are such garbage teachers.
the courses vary in quality6.004 is fantastici've yet to find a really good math course, though
>>16887021>Bjorn PoonenIncredible name
>>16887111>>16887198You'll learn about EMH in the second half of finance theory I
>>16887213have you found a good math course yet?
>>16888112you dont need to know all finance theory to make money, most people have jobs and kids to worry about they can just DCA in mag 7 and meme it
>>16887213Newish analysis course is goodhttps://ocw.mit.edu/courses/18-100a-real-analysis-fall-2020/They uploaded some new physics theory lectures too
>>16887198thats the industry standard of investing if you dont believe that was right you are low iq and have no awareness of knowing how the truth sounds or is presented through intuition plug this prompt into chatgpt for your low iq ass "is investing 10% of my income in the standard and poors and never selling only buy and hold the industry standard given that EMH takes over short term trades and inefficencies since exploiting market regimes are near impossible on a consistent basis"bot should say this "yes nigger now go listen to that non and quit yapping"
>>16887011I have begun poisoning information and data on websites I control and I know are being scraped.
>>16891370i'll check out the real analysis coursei've been reading a graduate-level book on real analysis, which has been extremely enlightening, but it isn't addressing more nuts and bolts lower-level concepts that are good to know for practical applications
>>16891494Well, the course explains exactly why I should invest in a combination of AAA bonds and each stock in proportion to its market cap. So, index funds aren't exactly a bad idea. However, where are you getting this nonsense about 10%? By taking this course, I am now equipped with the knowledge to decide that for myself.
>>16887213kek
>>16887456seconded
>>16887021this is good
>>16887021>They dropped the algorithm design req for their undergrads and made AI mandatoryDepressing.
>>16887456that poon
>>16887011What if I want to study forensic pathology? Can I just move to Thailand and dig up my own cadavers as I follow MOOCs and other open courseware?
