Just received the result for my last mid semester and I got 100% on it too. This should put me in a great position to nail all my finals and receive 7's overall. As of next semester I think I will take up a tutoring position for these subjects, which should be a pretty good learning experience.
The countdown is on until finals. 4 weeks of classes left then I'm on the home stretch.
Monday, October 3, 2011
Tuesday, September 20, 2011
Another Comic
Probably my favorite comic artist doing a more serious piece. Also my final mid semester is tomorrow and I'm feeling good about it. Fingers crossed I smash it!
Tuesday, September 13, 2011
Results
Got my mid semester results back today. For International Finance I knew I'd destroyed it but I ended up topping the class with 40/40 (well, there was 1 other who got 40, average was 25). For corporate finance I was less prepared and only got 20/30. It is a little disappointing because that is only a credit but can still make it up in the final (70% final). Needless to say all the additional preparation I did for international finance paid off but I'll have to extend it to the rest of my subjects to end on HD's.
The next mid semester is next week...time to start cramming!
The next mid semester is next week...time to start cramming!
Thursday, September 8, 2011
Great XKCD comic
Alt text: But Einstein said it was the most powerful force in the universe, and I take all my investment advice from flippant remarks by theoretical physicists making small talk at parties.
Friday, September 2, 2011
New Article
Another article that I contributed to was released today.
Case Study 3: Trading the Breakout
This goes over a recent trading opportunity on the ASX as well as a section on expectancy in trading systems. I wasn't the author of it (unlike the last article I wrote on Chart Patterns) but I co-wrote the expectancy section (towards the end of the article) and did the proof reading.
International financial management exam worth 40% is on at 9 am tomorrow! I've been at uni for 9 days straight (though 1 day at work in between) and, due to my exam on Tuesday, will set a new PB of 16 days straight!
Case Study 3: Trading the Breakout
This goes over a recent trading opportunity on the ASX as well as a section on expectancy in trading systems. I wasn't the author of it (unlike the last article I wrote on Chart Patterns) but I co-wrote the expectancy section (towards the end of the article) and did the proof reading.
International financial management exam worth 40% is on at 9 am tomorrow! I've been at uni for 9 days straight (though 1 day at work in between) and, due to my exam on Tuesday, will set a new PB of 16 days straight!
Sunday, August 28, 2011
Update on the last 2 weeks
Been flat out with university work the last couple of weeks as mid semester exams draw closer. I've got a 40% exam on Saturday, 25% assignment due Tuesday and a 40% exam also on the Tuesday. Naturally I'm flat out and I've spent every day since Tuesday at uni (even Saturday and Sunday)!. All this preparation should pay off but I suppose I'll see in a month or so when the results are released.
Extracurricular activities have been going well but I'm finding myself having less and less time for them. It really is eye on the prize in regards to university studies so I'm not too worried about falling slightly behind in my other interests. The article I was writing for chart patterns in technical analysis was published at the start of this month, the link is HERE. I'm currently putting together my ideas for the next one and I'm really enjoying writing now days (compared to how much I loathed it in high school).
Lastly the networking event I organised for the society I'm working with, BSPA (Business School Post-Graduate Association), went great. Meeting more and more people with similar interests and who have the same career aspirations as me.
That's all from me. I'll post about how all the exams went next week! Until then watch the video below, it's hilarious! (also there are heaps more made by them, credit to Taco for showing me them).
Extracurricular activities have been going well but I'm finding myself having less and less time for them. It really is eye on the prize in regards to university studies so I'm not too worried about falling slightly behind in my other interests. The article I was writing for chart patterns in technical analysis was published at the start of this month, the link is HERE. I'm currently putting together my ideas for the next one and I'm really enjoying writing now days (compared to how much I loathed it in high school).
Lastly the networking event I organised for the society I'm working with, BSPA (Business School Post-Graduate Association), went great. Meeting more and more people with similar interests and who have the same career aspirations as me.
That's all from me. I'll post about how all the exams went next week! Until then watch the video below, it's hilarious! (also there are heaps more made by them, credit to Taco for showing me them).
Monday, August 8, 2011
Solution to the Probability Problem
When most people read this question (including me) they tend to assume is very straight forward and has a simple answer. The logic is "Since there are now only two stocks left, one of which is the dog and the other is the ten bagger then there is a 50/50 chance of being a winner. Therefore, staying with your original selection or changing to the other provides the same probability of winning".
This is actually incorrect. In actual fact by having a policy of swapping if given the option then you have a 2/3 chance of winning. To illustrate this simply I'll call the stock C the winner.
Now imagine that the stock you selected was A. This would mean that Colin would tell you that B is the dog and give you the option of swapping. If you were to swap you would win (swap to C the winner) and if you were to stay put (on A) you would lose.
If you had chosen stock B then Colin would have told you stock A was the dog and given you the option to swap. If you were to swap (to C) then you would win and if you were to stay put (on B) you would lose.
Lastly if you had picked C then he would have either told you that A or B were the dog and given you the option to swap. Regardless of which one he called the dog you would lose if you swapped (to A or B) and win if you stayed put (on C).
So what this means is that if you had a policy of always swapping then you would win if you initially chose A or B and lose if you chose C. If you had a policy of staying put then you would win if you initially chose C but lose if you chose A or B. Given that you have an equal chance of picking all the stocks (1/3 chance to pick each one) you will have a 2/3 chance of picking A or B and a 1/3 chance of picking C. This means that if you swapped when given the option you would win 2/3 of the time (if you initially chose A or B) and lose 1/3 of the time (if you chose C). Therefore the answer is that you should always swap when given the option as it is statistically more likely that you have chosen A or B as your initial stock and it would result in swapping to C (the winner).
This is actually incorrect. In actual fact by having a policy of swapping if given the option then you have a 2/3 chance of winning. To illustrate this simply I'll call the stock C the winner.
Now imagine that the stock you selected was A. This would mean that Colin would tell you that B is the dog and give you the option of swapping. If you were to swap you would win (swap to C the winner) and if you were to stay put (on A) you would lose.
If you had chosen stock B then Colin would have told you stock A was the dog and given you the option to swap. If you were to swap (to C) then you would win and if you were to stay put (on B) you would lose.
Lastly if you had picked C then he would have either told you that A or B were the dog and given you the option to swap. Regardless of which one he called the dog you would lose if you swapped (to A or B) and win if you stayed put (on C).
So what this means is that if you had a policy of always swapping then you would win if you initially chose A or B and lose if you chose C. If you had a policy of staying put then you would win if you initially chose C but lose if you chose A or B. Given that you have an equal chance of picking all the stocks (1/3 chance to pick each one) you will have a 2/3 chance of picking A or B and a 1/3 chance of picking C. This means that if you swapped when given the option you would win 2/3 of the time (if you initially chose A or B) and lose 1/3 of the time (if you chose C). Therefore the answer is that you should always swap when given the option as it is statistically more likely that you have chosen A or B as your initial stock and it would result in swapping to C (the winner).
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