Feeds:
Posts
Comments

Posts Tagged ‘Life’s Lessons’

Heteroskedasticity

Yes, I actually do remember Business School 🙂 even though I am doing something very non-MBA right now. ( As in, I no longer sit at a desk, watching crude oil futures prices graphs on the NYMEX and doing a whole lot of market analysis stuff and whatnot! I don’t “worry” so much what the USD/CAD, USD/EUR is doing etc – that’s what I mean) And no, this is not entirely a finance article, well it is somewhat!

The highs, the lows, predictions, rallies, cycles what not…. I am not entirely sure if I miss my life in finance or if I don’t; what I am sure about though is that I am so very passionate about what I am doing right now, and that I will also never really “de-link” myself from financial market happenings. More so, I have derivatives etched very deep into my DNA :-), and intend to get a lot of billable hours out of what I do know about them 😉

So back to Heteroskedasticity (if you don’t know what that means please look it up – its part of the fun to this piece). Lately, I found myself thinking about a situation I was dealing with and the only term that aptly and jumped out at me, to describe the un-said situation is this word. Trust me I am not “geeky” or anything but I found myself just thinking “Heteroskedasticity” – like I was about to take the CFA or Series 63 or something!

Anyway, surprisingly, it kind of settled me down because I realized I was dealing with something that I had no power to “control” in entirety….so I kept it moving. I also realized that even those parts that I could predict, I really could not, with precision; determine what the outcome would be – just like financial markets don’t you think? How many solid models have totally backfired on ingenious market gurus huh!

You unleash volatility in markets and you can’t exactly tell where it’s all going to end. Or can you? (Somebody that has please share!)Last year, at my last position, I attempted to understand implied volatility in derivatives trading; I did get a model going (but without factoring in the volatility part, meaning I had to rework many variables backwards and the LONG way!)….I quickly realized that had I had a solid grasp on volatility, then my model would have taken me much much much less time to build! BUT, I am not doing a PhD in Econometrics – and for good reason. Hahaha!

Anyway, my life right now is rather “volatile”, even erratically volatile sometimes. I can’t predict for sure what, when, how its all going to happen – but I am taking it in stride. The one thing I can predict though, is that I am not allowing de-railers into the already very “aggressive cycle” and that all shall come together!

Yes, I am a realist! And one that believes that everything that happens in my life is for a reason….

Advertisements

Read Full Post »

The Preface:

In 2005 – some day, something happened and I was thinking about stuff and I found myself thinking out, silently at first, then loudly, then on paper and it went something like this:


I may not always be the quintessence of focus, but I am clear to make it plain where I want to go

That then became the “official mantra” of how it is that I had been and continued to live my life. That has become a statement that has enabled me keep my head above water, if I may. It allowed me the freedom to put myself out there and live my life with renewed panache. So interesting what bold declarations can do about one’s thought processes and options then embraced! Imagine, just by thinking about what I was doing and not doing in that little one sentence, I have been able to easily (very relative term), sift through the I want and I don’t want in my life.

My late Dad used to tell us the most important thing in one’s life is owning it – mistakes and all. When we were younger, we felt he was being overly over the top, then as we grew older, we began to, gradually, appreciate the power that’s in truly and fully owning your life. That means being in control of those things in life that you can actually control e.g. how you spend you money, who you choose to date, religion, work ethics, attitudes towards relationships ( family, colleagues, strangers, neighbors etc). It also meant, being in stride about those things over which you really cannot fully control – we all know those are a subjective list.

Dad was the kind of person that would have the heartiest conversation with our next door neighbors farm worker about cows, fertilizer, weather, etc then drive off a few blocks and have a very spirited discussion with the next door politician (and actually be politically correct), go to work and chair a meeting on the current energy/oil woes and what the company would do about it then meet up with one of our friends and talk “young people lingo” just like that! Like he got the picking up the phone and saying “ni Fathe”!

Dad always said, not in so many words, and usually through my mum, if you have boyfriends, I need to meet them. I guess that’s a smart way to keep tabs of which little boys are trying to lie to your daughters. That applied to my brother – who also needed to bring his girlfriends home. You see with my Folks, the story applied to all four of us, the three girls and the boy! In the many years of growing up, Dad has only kicked out one boy from our house – and it was someone that was trying to “declare” what he thought he felt for me – the nerve he had, but I have to admire him being brave. Lol! My Dad simply got tired of seeing him at our house and one day he simply told him “ young man, get out of my house and don’t come back” – sounds mean – but I still am glad many years later for that! Some people just don’t get it!

So my Dad got to meet a lot of our friends, and the people we dated. And actually, he became very good friends with a lot of our friends. I didn’t know how much till at his funeral, when a lot of our friends showed up from all over the world!

I think in writing or thinking about the quintessential self – it has to begin with what is important to you – which is what I do.

Seriously, most times when you actually sit and roadmap what it is you want to get done – it seems to be a lot more manageable – maybe it’s just me? I like to plan that which I can plan for and I even cater for contingencies e.g. in my yearly financial plan, I know what I want to spend each month and on what and I also have a “miscellaneous category” with an amount in it. But suprises do happen ( over those things you have control over) along the paths of life – and when those come around, at least I have a feeling of what the anomaly might be – Thank God for Excel and Access!

There is this quote from e.e Cummings that I like:

“To be nobody but yourself in a world which is doing its best, night and day, to make you just like everyone else, means to fight the hardest battle which any human being can fight, and never stop fighting”

I think I want to explore my quintessential self and yes – I choose to do it on a blog, my blog! Why? Because I want to and I can! 🙂 If along the way, someone finds it a good read, the more the merrier. I believe the world would be a better place if we all strive to be who we are, not what the other person is, or what the other person thinks we should be.

The quintessential self – that’s what should be the focal point for all – I believe, and I am sure a lot of people out there share this sentiment.

Read Full Post »