I was at a graduation recently where the commencement speaker announced future plans for each of the Math graduates as they received their diplomas. As I expected, many were headed to either a job or graduate study in Math, Computer Science, Engineering, Actuary, etc. But, surprisingly to me, a (significant) number of them were going on to finance and investment banking. I didn't think there was a connection. Sure, finance and investment banking have some math, but isn't that something a business major gets as part of their routine education, why do they even need a Math major?
well apparently David C. aka "account closed" was so disgusted by the LaPlace haters he deleted his account for the second time.
I'm not disgusted with anything or anybody, not sure why you say that. I know folks that make tons of money in re that struggle with basic arithmetic, nothing wrong with that. Nothing wrong with an academic discussion either.
The thing I would be most concerned about, if I really cared, is that folks, especially newbies, when analyzing deals, think an acceptable profit margin is somewhere around 10% when the uncertainty of the variables that go into that analysis is greater than 10%. This is something Che alluded to and I totally agree.
Cracks me up when somebody says a deal is good with a profit margin of 10% when their estimate of ARV is off by 20%. Happens more than some might think.