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To: arvitar who wrote (559)	12/17/2013 4:00:51 PM
From: Rawnoc	Read Replies (1) \| Respond to of 621

Dead wrong across the board. I do have a college diploma, however, none is required to become an actuary. What you are referring to is the designation of actuary associate and actuary fellowship, neither of which I attained nor did I claim to. I passed the first 2 of 8 exams (at the time, the exam tier keeps changing) straight out of college within like 4 months of each other. Each passing exam allows an actuary to move up higher within his career, but none are technically needed to work as an actuary (though getting hired would be difficult without at least one passed unless you have a very high GPA). Generally one exam passed, and you will be a much sought-after actuary with multiple headhunters and offers. Nobody will care what your education is if you can kick ass on any of the exams. >>>> That must have been just after he finished qualifying as an actuary, which requires a 4-yr university degree in mathematics or statistics and passing 6-10 years of post-graduate exams. For someone so young, his accomplishments are remarkable! <<<<<

To: arvitar who wrote (559)	12/22/2013 8:31:54 PM
From: Rawnoc	Respond to of 621

World's youngest actuary? ROFL!!! My cube farm was literally FILLED with actuaries younger than I was. You seem to still be confused into thinking that an associate or fellow of the society of actuaries is the only way to be crowned an actuary. You are dead wrong, as usual. Experience RequirementsInitially, you may be able to attain an entry level position as an actuary with your bachelors degree. http://www.degreetree.com/resources/how-to-become-an-actuary One lady in my office was a full-time actuary, and she actually was 2 classes shy of a bachelors degree still. There are no "requirements" to become an actuary other than an employer must hire you. With a degree and 1 exam passed, you will have headhunters ringing your phone off the hook like I had.

To: arvitar who wrote (559)	12/22/2013 8:35:05 PM
From: Rawnoc	Respond to of 621

It's Warren Buffett, not Buffet. A buffet is what you eat at. Warren Buffett indeed got rich off of penny stocks. You are dead wrong, as usual. Here's a link to the entire book: Warren’s business jumped another leg upward. He could now land bigger positions in larger stocks. In his personal portfolio, he still played with things like the “penny” uranium stocks that had been in vogue a few years earlier when the government was buying uranium. These were now fantastically cheap.38 Warren bought companies like Hidden Splendor, Stanrock, Northspan. “There were some attractive issues—it was shooting fish in a barrel. They weren’t huge fish, but you were shooting them in a barrel. You knew you were going to make good money. It was minor. The bigger stuff I was putting in the partnerships.” glenbradford.com "One of his favorite sources was the Pink Sheets, a weekly printed on pink paper, which gave information about the stocks of companies so small that they were not traded on a stock exchange. Another was the National Quotation book, which came out only every six months and described stocks of companies so miniscule that they never even made it into the Pink Sheets. No company was too small, no detail too obscure" (page 173-174) "The Pink Sheet quotations for stocks not listed on the New York Stock Exchange were stale the moment they went to print. Buffett used his Pink Sheets merely as a starting point for the telephonic bazaar in which calls to numerous brokers might be required to make a trade. He was a master at working this system through his brokers. The lack of a publicly posted price helped reduce competition. Someone who was willing to call every market-maker and squeeze them mercilessly had a meaningful advantage over the less energetic or the more fainthearted." "Buffett and Cowin used to call each other weekly when the Pink Sheets that listed small stocks came out, and compare notes. "Did you get that one?" "Yes! I bought that, that's mine!" -- both feeling like winners when they had picked the same ones." (page 194)