I think MIT is doing a great service to humanity by allowing people to see such lectures online. I will donate. I hope others do too. Together we can make education a right and not a privilege.

@oussamaelbaz5932

5 жыл бұрын

@@raulbartolome8389 Not all heroes wear capes, thanks man! :)

@cherieminn2673

5 жыл бұрын

YES KNOWLEDGE FOR ALL

@alexvidal821

2 жыл бұрын

Agreed

@evgeniyagorovaya8075

2 жыл бұрын

Especially considering a conceited self-appraisal half the lecture. The fuck I care about who the teacher is. The best teachers talk about the subject non-stop, not their credentials.

@firstal3799

Жыл бұрын

So what? He seems an intelligent engaging and sympathetic teacher.

Some notable Timestamps: 0:06:19 Methodology 0:38:33 Covariance, Correlation & Matrix algebra 0:46:50 The big picture 1:00:51 Monte Carlo

@antonioaltamore618

2 жыл бұрын

44:40 cookie

Best takeaway from the lecture: “Whats the difference between a bond and a bond trader? A bond matures.” 😂😂😂

@ravennsiregar

10 ай бұрын

🥲🤣🤣

He might not have a PhD, but he is an amazing lecturer. Natural born teacher.

@kennethabbott8248

4 жыл бұрын

Thank you. I'd be a lesser teacher if I had a PhD. My value-add proposition is to explain how things are actually done.

@marko1039

6 ай бұрын

It seems to me that he can empower people and has a lot of knowledge. So the PhD is just a title not a necessarily proof of knowledge.

This man is brilliant. We are very lucky. Thank you MIT for the content and the sourcing of brilliant lecturers

Along with explaining the concepts in simple and effective manner he gave life lessons too! Thanks a lot Sir!

Six years later and this is still an amazing lecture. Thank you so much!

I love that "can I have a piece of that cookie" hahahaha what a human moment

Why are some people saying the video is useless. The lecturer is cool, did his best to simplify key concepts. i don't think they expected him to give a rigorous/detailed lecture. chill - and enjoy!

Thanks a lot to MIT and Mr. Abbott! A very lively and essential lecture.

Who is still bumping this 2019?

@roscoeroscoe8818

4 жыл бұрын

Why do you ask?

Excellent teaching, well done! Been through a Bachelor and now doing my Masters', never found anyone being this easy to understand.

@kennethabbott8248

4 жыл бұрын

I'm glad you liked it.

This professor has an awesome way of teaching.

The stats teacher we all wish we had. Thanks for the upload, MIT.

I have to say a big THANK YOU to MIT for providing these lectures. Im currently doing a math/physics double major in NewZealand but I really want to become a quant. This has really opened my eyes to financial markets and the math involved. I am honestly at peace with all the mathematics as I understand most of it. For statistics however, I have done some physics labs that make the statistical concepts in this course reminiscent of the physics labs I have done but I dont know it to much detail; so i guess im gonna have to self study statistical theory.

@salimkarakoc6787

Жыл бұрын

hey oscar ,how ıs ıt goıng your beıng quant adventure?

So glad I saw this. This opened my mind wide open about finances. I need to study this more

Super interesting and informative teacher! I am a non-market risk professional at a global investment bank and loved every minute, thanks Ken hope you are well!

@kennethabbott8248

3 жыл бұрын

I am well, thank you very much. I'm glad you enjoyed it.

Hi, I am a french student majoring in financial markets and I would have loved to have you as my teacher. You look so passionate, I envy your students. Thanks for the video!

The instructor is very down to earth. I like it.

This lecture and the lecturer are amazing! Thanks for sharing it.

The guy coughing at 29:03 reallllly pissed me off lol

It’s 2023 but his lecture is still useful and plus points to Mr. Abott’s quirkiness and witty jokes hahahaha

Very informative lecture and his sense of humor is on another level of graetness.

So relaxing to hear everyone coughing, miss these old days

his energy is infectious.

I wish attending one of your great, rich and well presented classes, great work

Thanks Prof. Kenneth for this amazing lecture!

can't believe they are having such great courses online for free! Courses are very good.

45:45 that was a great insight for simplifying portfolio volatility calculations... wow

What an amazing teacher. Great lecture

somebody give this guy one more cookie!!!!

@lochestnut

5 жыл бұрын

XD

2 Years later and this is still an amazing lecture.

@kennethabbott8248

5 жыл бұрын

Thanks

@adamfattal9602

Жыл бұрын

@@kennethabbott8248 No, thank you. Amazing lecture!!!

Thanks for this video it gave me the basic background I need to understand VaR in my Financial Engineering Module.

post more videos of Mr. Abbott

This man is amazing. I would be honored to work with him.

I love this guys, incredible amazing

if all my lecturers were as good as you, i would be going to every lecture happily

Mit VaR course conducted by a top speicalist from the industry... Just wonderful. Great uni and high class lecturer. Props for opening the course for outsiders like me. 👍 Ty mit and Ty lecturer Ken

@kennethabbott8248

4 жыл бұрын

Happy to be of use. Let me know if you have any questions.

Very helpful for people who are trying to self study this stuff. Thank you so much for the lecture and the anecdotes.

@kennethabbott8248

4 жыл бұрын

I'm happy to be of service.

I know this is late, but this greatly helps me understand the various scenes in Margin Call where they were discussing the potential upcoming losses. Not just that they were about to lose a huge pile of cash, but how they figured out that it was about to happen. Had no real clue or understanding of what VAR numbers meant.

@ktcd1172

4 жыл бұрын

Also FORTRAN & COBOL coder using cards. USAF required that I be able to read blank Hollerith Cards at 1 card per minute, Baudot paper table at 25 characters per minute. Am another of the ancient ones.

Thank you for making this available to everyone.

I wish this man was my mentor as I begin my journey. Great attitude and lecture.

@kennethabbott8248

5 жыл бұрын

I'm happy to provide any help I can.

@kenanerdag5992

2 жыл бұрын

@@kennethabbott8248 hi Ken ı realy need help about my life ı have to ask questions How can ı connect to you

A true teacher, awesome indeed!

@kennethabbott8248

4 жыл бұрын

Thanks.

The Cornish-fischer expansion technique is also very useful and practical for VaR

Excellent. I am so thankful for this video.

Loved this class. The comments about the sign of an FX contract in the position vector really clarified some practical issues to me. By the way, is that spreadsheet on Monte Carlo avaliable somewhere? Couldn't find it in the related MIT course page.

I love this guy! Great lecture!

What a great teacher.. respect! Gratitude.!!

Unbelievable ! based on this video. i passed a counterparty risk job interview.

@kennethabbott8248

Жыл бұрын

I'm glad it was useful for you.

Your tips help me become a better trader. Thank you very much for your time and effort!

"Are you taking something for that?" Me watching this in 2021.....

Incredible teacher! I just started my career in Financial engineering attribute and I cant agree more that never trust the data from others!!!

@kennethabbott8248

4 жыл бұрын

Thanks.

@kidbornbrat1812

3 жыл бұрын

Same career

Wao. This is an awesome lecture on risk management. I love your sense of humor. Thank you sir.

@kennethabbott8248

5 жыл бұрын

Thanks. My wife thinks I'm just ok, though.

Nice lecture, thank you!

Amazing Lecture!

I guess I will be able to replicate it myself, thanks Mr Kenneth for the keys of the KINGDOM

Great Content, Thank you MIT.

amazing lecture

I wish they had a whole lecture series with this instructor.

@kennethabbott8248

3 ай бұрын

I do a whole lecture series every year at Baruch in the MFE program. I teach undergrads, as well. Come sit in!

@CautionBarrier

3 ай бұрын

@@kennethabbott8248 Thanks! And thanks for the great work you put out!

The lecturer is so good

You can use polar coordinates for correlation

What an attitude....cool nerd!! Need more teachers like him

This is a cool lecturer , when I get money , I will donate.

This guy is hilarious, and doesn't use jargon. Keeps it very close to application and explains things well.

(2020) thank you so so much for all those explanations ❤️

@kennethabbott8248

2 жыл бұрын

I'm glad you found it to be of use.

44:51 had me cracked up

what a great professor!!

@kennethabbott8248

4 жыл бұрын

Thanks

Goid vid. Like the experience and not theory perspective of bad data.

Amazing teacher

This lecture is amazing

You´re great, Ken!

@kennethabbott8248

3 жыл бұрын

Thanks. Quiero visitar El Salvador algún día.

Thank you! I could listen to you for ages! :)

@kennethabbott8248

7 жыл бұрын

My wife says I'm only "better than average". That's all I got after 25 years I guess. KA

@chaztikov

4 жыл бұрын

@@kennethabbott8248 Hahaha after 25 years that's pretty damn good!!! I've only been able to make it to 5, and my fiancee dropped my course...(then me...)

All, there is an error on slide 40. The formula for the portfolio variance should be: =MMULT(MMULT(A2:C2,E2:G4),TRANSPOSE(A2:C2)) then ctrl+shift+enter. Despite the small error, spectacular video, thanks for posting MIT! Kenneth Abbott, you are a great teacher, thanks for sharing your knowledge!

@financeexplainedgraphics

5 жыл бұрын

@Ken Abbott Haha, totally understand. Would you mind sending me your email? Would really appreciate having a contact like yourself for topics like this. Best!

@kennethabbott8248

5 жыл бұрын

abbottk (at) post (dot) harvard (dot) edu.

At 30:30 you mentioned graphing the data - what do you look for in the graph? If prices are true random walks then what good is graphing the data?

Crazy fellow wonderful professor

Fantastic, fantastic lecture.

@kennethabbott8248

3 ай бұрын

I'm glad you liked it.

@sandyjr5225

3 ай бұрын

@@kennethabbott8248 Mr. Abbott, where can I find related papers/journals from which I can read more about VAR, Portfolio, Options, Derivatives, etc related to finance? I believe that getting a good in-depth know-how of these things would be beneficial in the long run, atleast for me.

God bless you MIT

Thanks MIT ...Harvard you should take example of thé best education non profit approch

Way better than LSE finance lectures

I love this guy, at 50.10 he had me dying laughing. Kenneth I will bring you an entire box of cookies to come sit in on one of your lectures.

@kennethabbott8248

7 жыл бұрын

Let me know when you're in NYC. You can sit in.

@Valkush

4 жыл бұрын

​@@kennethabbott8248, Great lecture! definitely useful even not for quants (CS grad from Israel here)

@HelloThisIsAnon

2 жыл бұрын

@@kennethabbott8248 Sorry but at 52:15 that bit about Abe Lincoln and the Internet just fell completely flat 😂

@kennethabbott8248

2 жыл бұрын

@@HelloThisIsAnon Yeah. That one didn't go over.

@mohammedouallal2

2 жыл бұрын

I have spent so many years at several universities, I have never seen something like thatbefore!! I laughed out loud! That was genuinely funny!!!

0:31:53 Crazy... 9 years later and negative yields are common all around the world

Can I have a piece of your cookie - this guy is a legend

please do a video on monte carli simulation for calculated value at risk for a forex trade

Does somebody have the link to the spreadsheet with his Monte Carlo simulations?

I wish I was in this lecture!!

Awesome lecture! Lucky MIT kids. I have a master degree in risk management. I have learnt almost all of the stuff, but I enjoyed it a lot! I love how it refreshes my memory and links my knowledge to practical world. And I liked the jokes haha.

Good. I am ready to play my part in next financial crisis now.

Hi There Lecture is really very good as it is presented by experience quant. Is there any possibility to get the Excel spreadsheet presented by Kenneth? Thanks, KP

@mitocw

9 жыл бұрын

Krunal Patel Sorry, the course materials do not include any Excel spreadsheets... but the course lectures notes do have a number of data tables on the slides that might be of some help? See the course on MIT OpenCourseWare for the course materials at: ocw.mit.edu/18-S096F13

What's the difference between a bond and a bond trader? The bond matures

Watching this in 2020 while in iso

Wonderful and helpful lecture. Lively speaker with interesting professional experience. Thank you. Also great to see a black female at MIT.

@kennethabbott8248

4 жыл бұрын

Thanks. I'm glad you liked it.

i love this guy !!!!!

everytime there is a lecture,the same old professor will be seating in the seats,he must like studying a lot

Good one

Oh man, it ends just as things start to get super interesting. Kenneth what should I watch next??

@kennethabbott8248

4 жыл бұрын

The answer to that is usually cat videos. Where are your interests?

Does anyone know the bibliography they use?

Great teacher! Shame he couldn't get into more detail near the end.

Great lecture, Mr Abbott! Have a cookie!

LOLOLOL... I like the last line of Prof Ken's comment. And I will copy that as my tagline. LOLOL... Tell you what? I will come back here again for the completed note. Too perplex with that log-ish chart. LOLOL

He has a serious problem with Mother Theresa huh? Jokes aside, I find it a really enjoyable lecture and one of the few ones that don't need 1.5x playback. Thanks and best wishes!

@kennethabbott8248

5 жыл бұрын

Thanks. I clearly can't please everyone, but if I can make the material clearer for a few, I'm satisfied.