#1: Just look at Most分析研究工作人's工资，在华尔街算低得可怜, you know they are not doing high level job (2204 reads) 作者: WallStreetDog, 时间: 2005-8-17 周三, 12:13 — 作者：游客 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
As articles below indicated the real people in charge(high level people) are those traders, fund managers who make decision which one to buy and to sell, when to buy and when to sell not those people doing modeling. Just look at their salary, you know the level is not high at all. I am not saying they are not important, but they are in deed not high level people at all.
As this article indicated the real people in charge-high level are those traders, fund managers who make decision which one to buy and sell, when to buy and when to sell not those people doing modeling. The high level people do not need to do modeling, technician will do it for them.
That is why I said if any Sr. people interviewed by Mr.An Xiao's stupid questions, will definitely walk away.
真正的high level people use low level people's modeling results, but they have better understanding in global financial market relationships for example, currency exchange,industry trend, treasury bill yield curve, emerging market, current account, econimic cycles, how to find Red Flag that the company did not want to you know before anyone else, how to check out free cash flow and return of capital for long term,due diligence......
Without understand those more important things in great detail, without knowing when to buy and when to sell, talking about Mr. Anxiao's question,Portfolios risk control based on modeling resutls, these are totally nonsense and useless. Modeling could provide sell signals, but most of the time they are false signals otherwise, all mutual funds could made huge money already in 2000.
No matter how good a modeling is, if you don't know when to buy and when to sell, you will be still the loser.
Believe or not, based on Mr.AnXiao's posts here,I see Mr. AnXiao's understanding is below everage for those more important issues. His "Angel Fund" is more likely going to perform worse than the average Angel Fund in long term.
Do I like to read Mr.AnXiao's story, yes!!!!!, I enjoyed reading his story, but not for real, only for fun. Those are mostly talking show only.
