Here are a couple of quant models for Melbourne Cup winners today. The first from PWC:
And the second from Mac Bank:
Not sure why either produces the modelling. It’s not like either would like us to associate investment banking and accounting with gambling.
What a wowser I am!
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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Its all just a bit of fun. An opportunity for all to not take work to seriously and have a bit of banter.
Go Dandino!
Yeh, I know. Just being a wowser.
“…It’s not like we should associate investment banking and accounting with gambling. Should we?…”
Of course we should not.
In gambling there is a chance that the mug punter can make some money at the bookmaker’s expense. There are stewards who take their jobs seriously. Those who have been convicted of doping or manipulating the odds are banned for life.
In investment banking on the other hand…
Of course we should not associate investment banking with gambling.
That would tarnish the name of gambling
Accounting? Being an accountant myself, I’ve heard all the jokes ever invented….but the association of accounting and gambling is new to me!
Q:Know why scientists prefer accountants to rats?
A: Because there’re some things even rats don’t do.
Accountants seem to be stealing lawyer jokes as well. Can they stoop any lower?
Dunno….to stoop at least as low as lawyers, you gotta be able to see that far down.
There are also fewer ethical problems with experiments conducted on lawyers, rather than rats.
I could have sworn I made a comment about an Irish horse with a Greek name being an omen for Melbourne’s future.
Anyhow, Mount Athos. Doesn’t seem as funny the second time around.
🙁
Stick to your day job PWC/Macbank.