Filed Under:Your Practice, Sales Marketing

The Curse of the Rogue French Trader (The Daily Beast)

It’s not just a coincidence that Wall Street is full of men and women from France. French education puts a strong emphasis on pure mathematics and some French universities have developed programs specializing in the complex modeling of derivatives. Derivatives are a financial instrument based on math that is nearly impossible to understand. The mathematical wizardry works like this: quantitative analysts build models for, say, a financial product that will protect investors against various shifts in the market. A second group puts together financial products based on the models. Traders buy and sell various elements in a package based on the models and structures they have to work with. Given the amount of people and work involved, it’s improbable a rogue trader can make billion-dollar bets on his own. However, the outside world hears only about the derivatives that go wrong.

Read the story.

Top Sales and Marketing Ideas - 2014

Special Feature

2014 100 Best Sales & Marketing Ideas

There are a million ways to sell an insurance product, and any one of them may work depending on your target market, your product lineup and your own unique skill set.

Explore Now
More Resources

Comments

Advertisement. Closing in 15 seconds.