43 karma · joined October 24, 2014
P.S. I want to study algorithms too but I'm just a beginner and the priority is mathematics (as it's one of the few subjects I seem to be able to concentrate on). I found a secondhand copy of Professor Sedgewick's book for ten euros, it's the manual for one of his MOOCs , should I go with it?
B) Change the point of view from the retail investor to the pension fund, funds have a very narrow and constrained mandate, they need to hedge risks and deal with the increasing negative cash-flows. They can't merely park their money somewhere and hope for the best.
That idea is now a myth, only a handful of wall-streeters break the 1-2 million mark according to various industry surveys (generally you can earn a lot more if you are a principal or a portfolio manager at a successful hedge fund, but those are outliers, the truth is that the belief everyone on the buyside is living a model and bottles lifestyle (or might be able to) is a huge misconception). IMHO, the best shot at becoming rich remains entrepreneurship.