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• Regarding Glocap, my experience with them has not been fruitful. I receive so many job postings which I am more than qualified for but am not able to get an interview for. What has been your experience with Glocap?

  Lauren 03 Oct 2007

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• No I do not think that Wall Street loses it's self-perception. Since you really are dealing with numbers, you need to define clear lines, and make your departments work for you.
  
  Being on the front lines in sales, we utilize a lot of different organizational channels. It's ok for someone into more of a service sector.
  
  But, what is interesting is that there are areas within as organization which require someone to look between departments.
  
  I just feel that the answer to this question, is mainly why there is a stronger focus in project management these days.
  
  With project management a department can temporarily satisfy the disfunctional area, without the costs of training two departments.
  
  This is turn, keeps the lines clear, without creating spillover.
  
  Is this the norm today? No, I do not think that this is the norm, due to the fact, that cross-training is becoming more and more important in organizations.

  GR Private Equity 03 Oct 2007

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• Yes, and yes.  If an accountant does both, then they are wearing two hats, not combining the essence of the separate activities stemming from the same raw data.  Quant precedes the trade, accounting follows it; there can be no overlap.

  Joseph 23 Sep 2007

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• I'm an Engineering major, I've learned throughout my age in Engineering school that before a project even considered putting into budget, it has to have a pre-plan. Meanwhile, moving foward to process the project, there must be first a land, then a foundation. Follow up a plan, structure, achitecture, management, materials, tools, products, contractors, co-contrators, workers. In other to maintain the concept of Orgainazion, every aspect as to be filled respectively. Without question or knowledge in finacial fields needed to understand that each and every orgarnization must followed their basic standard, in other to district the perspective ethical and financial industry of their business, or organization. I wish i knew the technical terms of expressing myself clearly. Unfortunately, that's the most i can do. Thanks for listening!

  Nikelson Exantus 23 Sep 2007

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• Acountants are more known to the lay man than most professionals in the market. The tile CPA ismore trusted beside attorneys that may the reason accountants try to be master of all trades and not concentrate on their core which preparing financial statements and balancing books.

  Sally S.Eko 22 Sep 2007

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• Yes, it keeps up, never changed: selling / acquiring an opportunity, not accounting profit.
  For those coming for opportunities, Wall Street (WS) is a tool: show resources or a deal and ask if that can be handled properly.
  Those asked are first line of servants and can be compensated per visible return. WS for them is an opportunity to sell personal skills of identifying deals and company ability to legalize it.
  Opportunity is new somehow, while accounting is a regulation over specific sets of transactions to follow.  Accounting is just a tool as any other line, to structure the opportunity into approvable sets of known transactions.  Accounting gaps create opportunities, and some accountants can sell their knowledge to WS via compensation contracts per specific results.
  All other lines, however you classify them, are separated from capitalism by time contracts: years ahead are exchanged per “market rate”; like time-duty in feudalism. “Performance evaluation” has no grounds for them, and WS – just another place to work for living,
  For Economy, WS is a train engine, converting credit-money and opportunities into capital motion, financial leverage into control over businesses

  Sergey Gavryushenko 21 Sep 2007

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• Q:How would you improve these streamline them, make them more accurate?
  A: Fuzzy accounting should be brought to the attention of the investment community by the independent auditors and traders can decide to buy, (short) sell or hold company shares. I think the tricks they play on the books are so devious that the average person could not put it together from reading the annual report alone. Disclosures may discourage publicly traded companies from cooking the books and it may promote a more socially conscious business community by steering investments away from rogue nations and putting that money to work in companies that are fair to their workers and produce a good or service that benefits the greater good.

  TheROOSTER 21 Sep 2007

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• Quants are part of trading. If you are reading this and you are at a firm that does not have quants as part of trading well your at a firm that is behind the pack.  GS for example has quants on every desk.  On most of the desks they are actually the traders (or their programmers are traders) or what we used to know as a trader.
  
  On the buyside this transformation has all but been completed... even Fidelity will be be revamping their FI divisions in the next 2 years to move this way in the front office as well as middle and back office.  The generational shift is underway in finance and the transformation will be incredible.

  LACIDAR 21 Sep 2007

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• The line between functions has become blended as a result of technology, streamlining, competition, and profit maximization.  Internally, it makes a difference.  However, to survive, in fact, to succeed, your organization must be seamless.  Everyone must have more than a token understanding of the function of his or her counterpart.  In fact, you may be asked to perform that function as the organization shifts and remodes itself as a result of external factors and demands.  The global environment today demands that all must be flexible and willing to adapt while performing at best practices standards.

  Jim 20 Sep 2007

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• Wall street doesn't evvolve....anyone who has read Jesse Livermore Knows that....or read Liar's Poker......Quant's ....like economists have no right in the business.....unless you take risk you have no right to an opinion.....People always ask me ???why are you a good trader????.....because I pull the trigger!!!!!
  
  So at the end of the day....no matter how you want to glorify Wall Street....al it is is a risk transference vehicle
  
  I don't give investment advice although licensed to do so on more than one occasion.....
  
    If you ask me .....I will tell y....I am .....long.....i am short.....or it's not a good time to play....
  
  I am a derivative's trader and proprietary trader for the last 20 years....I also design risk managment software......Wall Street isn't somtething that invents itself......I'ts all about risk and risk management....and there isn't a quant in the world who can take that step

  Chris Grondwaklski 20 Sep 2007

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