Worldwide magazine shows growing importance of statistical thinking
AMSTERDAM AND LONDON, Dec. 3, 2012 /CNW/ - What went wrong in the financial world and how can a young, new generation, strongly focussed on data, rebuild the sector? Newly launched Quant Magazine presents a view on the culture and background of this world and shows the growing importance of using data and quantitative analysis. "Nowadays, statistical thinking is just as important as reading and writing."
The new magazine comes out every even month. The term quant means quantitative analyst and is used in the world of finance. It refers to a group of people who use their beta skills to dig up information with data analysis. Not only in the financial sector, but also in other sectors more quants are active nowadays. The new magazine covers their steps.
"The magazine must be the personification of a new culture in finance. We want to influence the group of young people who are going to build a new financial sector," publisher and chief editor Anton Kwaijtaal states. He works over ten years in the sector, which is held responsible for the current crisis. "We want to modify that perception. People reading our magazine will think differently," he says.
Kwaijtaal was inspired by the famous author H.G. Wells (1866-1946) who wrote: "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write!"
Quant Magazine shows that this time has come and the importance of data is growing in every field. First editions article 'A guide to dealing with financial amnesia' explains why people keep making the same mistakes when it comes to money. Another one compares the last big crisis in the 30's with the current one. Kwaijtaal: "We also compare companies that were successful now and then. That gives new insights."
Other stories are about the appliance of physics in finance or the impact of big data. Kwaijtaal believes in anti trends, that is why he chooses to publish on print. "There is always room for inspiring, creatively designed magazines with high quality," he says.
More information: http://www.quantmagazine.com
SOURCE: Quant Magazine
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Note to editors: For further information please contact publisher and chief editor Anton Kwaijtaal of Quant Magazine, mob: +31-651594219, e-mail: [email protected]. By mailing this address media can receive a free digital edition of the magazine.