A banker’s apology

Whenever there is a massive stock market crash, like the one in 1987, or the crisis in 2008, it is common for investment banking quants to talk about how it was a “1 in zillion years” event. This is on account of their models that typically assume that stock prices are lognormal, and that stock…

Duckworth Lewis Book

Yesterday at the local council library, I came across this book called “Duckworth Lewis” written by Frank Duckworth and Tony Lewis (who “invented” the eponymous rain rule). While I’d never heard about the book, given my general interest in sports analytics I picked it up, and duly finished reading it by this morning. The good…

Duckworth Lewis and Sprinting a Marathon

How would you like it if you were running a marathon and someone were to set you targets for every 100 meters? “Run the first 100m in 25 seconds. The second in 24 seconds” and so on? It is very likely that you would hate the idea. You would argue that the idea of the…

Handling Jesus

A few months back, perhaps during the football world cup, I had talked about the role of Jesus Navas in the Spanish attack. He would mostly be brought on as a “plan B”, mostly when the Spanish tiki-taka failed to break down the opposition defence. And by hogging the right touchline, he would single-handedly offer…

Kabaddi and Jesus Navas

I’ve always talked about the Kabaddi style of solving a problem. In Kabaddi, when you are defending, six out of the seven players in the team form a chain in order to encircle the attacker. The seventh defender, however, strikes it alone, in a different direction, trying to draw the attacker into a position where…

Studs and Fighters and Form

It’s been a long time since I wrote about the Studs and Fighters framework. I had overdosed on it a few months back, when I’d put some 3 posts in 4 days or something, but that was when I was hajaar enthu about corporate affairs. It’s been almost two months since I quit my last…

Betting as a hedge

Today’s Business Standard reports that ESPNStar and their advertisers stand to lose significantly following India’s early exit from the T20 World Cup. However, the situation now is significantly better off than in the 2007 World Cup where India didn’t even enter the super8. Back then, India had played a grand total of 3 matches out…

Why is Ten Sports sitting on so many rights?

I wanted to stay up last night. I wanted to stay up and watch the WI-Eng match till the very end. Waking up this morning and checking the scorecard, it seems like it was a really good match. And Fidel Edwards seems to have become a last-day-shutdown specialist. This is the second time this series…

Rafa and the Ranatunga Principle

Today seems to be a massive theory session. In the morning, I introduced you to the Mata Amrita Index. Now, as I write this watching the third set of (ok it’s the third set now – when I’m starting to write. for all you know, by the time I finish this, the match might be…

IPL Structuring

I remember that this time, last year, I was eagerly looking forward to the IPL auctions. It also happened to be a time when I was actively looking out for a new job (i wasn’t going to find one till about six months later). And I was secretly hoping that one of the IPL franchises…

The Aftermath

Baada collaborated on the research leading up to his post. I hereby acknowledge his contribution and condemn his laziness for not blogging it himself. One of the major problems of the financial crisis that has been happening for about two years now is that investment bankers, as a profession, stand discredited. Before this, they used…