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About WSO

Hedge Funder on dating: “the dumber the girl, the better” Share

by Jorgé
    
 
(Neanderthal, 2,203
 
Points)
  on 5/19/12 at 11:00am
female-monkey-in-makeup.jpg

It’s Saturday, monkeys. And while I normally regale you with my highly ineffectual wrap ups at this time, this piece from BI has compelled me to write about something a little different…

Let’s talk about chicks, man.

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  • 12
     

Investment Associate Share

Login or Register to Apply

Overview:
The successful candidate will be responsible for the development/production of the written communications with regards to investment strategies. The individual will conduct in depth analysis/market/economic research. The person will coordinate a consistent message related to investment strategy positioning/performance across various client service teams as well as valued added research support, including competitor analysis, to client service teams.

Responsibilities:
Maintain detailed knowledge of internal/external data sources
Understand changes in the financial markets/global economy
Knowledge of portfolio holdings/structure
Conduct in depth analysis of portfolio returns and compare to benchmark

  • Please login or register to apply
  •  

How finance saved and gave me a life Share

by paulydreamer
     IA
 
(Baboon, 169
 
Points)
  on 5/19/12 at 8:00am
life again.png

A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free time and this story actually ties in to finance. So here we go!

I have always been large. I am 6’3 and hovered around 300 pounds. I was very active in football and weightlifting but I’d love to eat. My entire family is large so healthy living was unknown to me it was living. I wasn’t the best football player but I was getting attention from so mid-tier schools in Texas. I was popular and had no serious problems with my body image but no girlfriends.

Well one day in fall 2002 I went to a Best Buy to buy a new device called a DVD player. They were closing but let me in anyway. What happened after that changed my entire future.

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phantombanker's GMAT Study Guide Share

by phantombanker
    
 
(Orangutan, 364
 
Points)
  on 5/19/12 at 3:00am
gmat.png

Plus make sure to see my post How I got a 770 on the GMAT with minimal effort while working banking hours

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  • 17
     

Resume book for new hires? Share

by Puss
    
 
(Senior Chimp, 21
 
Points)
  on 5/19/12 at 1:00am
hiding resume.jpg

HR is asking for an updated resume and a passport photo. Then, I remembered someone on here talking about HR creating/distributing a face book w/ resumes during training. Can anyone confirm this? I really don't want my resume to be seen openly because it contains personal information.

  • 14
     

Robo-signing Your Foreclosure Notice Share

by hdavid57
     O
 
(Baboon, 173
 
Points)
  on 5/18/12 at 11:00pm
EricSchneiderman.png

Harold Meyerson of the American Prospect has written an article so compelling, I will need more than one blog entry to do it justice. The name of the article, "The Man the Banks Fear Most," was written on April 23, 2012 and explores the crusade of New York State's attorney general, Eric Schneiderman, against the banking industry. 

Mr. Meyerson is not alone in his perception of Mr. Schneiderman. Several months earlier, Linette Lopez had written an article for Business Insider entitled, "Meet NY Attorney Eric Schneiderman, The Man Who Could Be Wall Street's New Worst Nightmare."

So who is Eric Schneiderman and what does he stand for? I see him as a political crusader, working to preserve the rights of the underdog, fighting against Big Business and the banking industry. 

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  • 1
     

Financial & Valuation Modeling Boot-Camp Share

by WallStreetOasis.com
     EN
 
 
(Human, 10,250
 
Points)
  on 5/18/12 at 9:00pm
bc.jpg

Financial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing enroll in self-study financial modeling training programs to look more competitive to potential employers and position themselves as a valuable asset to the firm from Day 1.

Wall Street Oasis presents 35% off Wall Street Prep’s popular 3-day Investment Banking Boot Camps. If you can't attend a boot camp, train yourself with Wall Street Prep's popular Self-Study programs and get 15% off as a visitor from WSO! You won’t find that deal anywhere else.

  •  
  • 6
     

Sawyer’s Syndrome: The ABCs of Trade and Employment Share

by Chaos2Order
     O
 
(Senior Chimp, 17
 
Points)
  on 5/18/12 at 6:54pm
sawyer.jpg

There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her.

One week their (alleged) reporters go to people’s houses and look at everything the occupants own to see where it was made. Surprise, dismay; much of it was made in other countries. The family cringes in horror at the thought of how many Americans they put out of work by not checking the labels on those shirts, Jeans and televisions they bought at Walmart!

The next week their team of trade terrorists visits a happy family who, having already repented of their importing sins, has begun assiduously buying American. In every episode ABC’s message is the same: the solution to much of the unemployment problem in America is to simply stop buying imports. Spend Z-billion less on stuff from foreigners and we will have X-million more jobs.

This complete ignorance about the nature of international trade, on the part of a major news network, is astonishing.

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Join the WSO Resume Review Team Share

by AndyLouis
    
 
 
(Neanderthal, 2,069
 
Points)
  on 5/18/12 at 6:35pm
resume_review_service.jpg

We are looking to add several Resume Reviewers to the WSO Resume Review team.

Requirements:

  • MUST have at least 2 years of professional experience in Investment Banking (ideal), Private Equity, Hedge Funds, Trading, Consulting, etc
  • Attention to detail a must
  • Willingness to go above and beyond to make the client happy
  • Experience reviewing or screening resumes is a plus
  • More info:

    • The position is paid, compensation and quantity of work will be discussed during the interview process
    • View our Resume Review page for more info on the service we offer
    •  
    •  

    Volume of FB Shares Traded today? Share

    by Unforseen
        
     
    (Senior Orangutan, 470
     
    Points)
      on 5/18/12 at 6:15pm
    fb2.png

    End of day update:

    • Close: 38.23 +0.23‎ (0.61%‎) and holding stable in after hours trading.
    • Open: 42.05
    • High: 45.00
    • Low: 38.00
    • Volume: 576,177,602
    • Mkt Cap: 104.92B

    Who's short (and how do you/when can you short it?) / long / waiting / staying out completely? Puts anyone?

    What's going to happen Monday? Prediction for an opening price?

    • 64
       

    Women in Power Share

    by SynergyWeek
         EN
     
    (Baboon, 148
     
    Points)
      on 5/18/12 at 3:48pm
    9. lauren-london-vibe-vixenjpeg.jpeg

    I was sitting at my desk yesterday when something occurred to me. I realised that I was (and probably always have been) subconsciously sexist when it comes to Women in Power.

    Anybody else find that they treat guys and girls differently at work?

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    Shared Wisdom Share

    by Impartial.Spectator
        
     
    (Monkey, 64
     
    Points)
      on 5/18/12 at 3:30pm
    thinkingman.jpeg

    Many of us, given the chance to do college all over again, would have done at least one thing differently. Unfortunately we cannot have a do-over, but what we can do is pass our wisdom down to future generations in the hopes that they don't have to learn everything the hard way.

    Given the chance:

    • Would you have chosen a different college?
    • Would you have chosen a different major?
    • Would you have studied harder?
    • Would you have partied harder, or done more extracurriculars?
    • Would you have gotten more involved?
    • Would you have prepped more for your interviews?
    • Would you have explored more post-grad options?
    •  
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    • 6
       

    The Rise and Fall of Philip Falcone Share

    by anaxi
        
     
    (Baboon, 100
     
    Points)
      on 5/18/12 at 2:30pm
    falcone

    John Meriwether (LTCM), Nicholas Maounis (Amaranth), Jeffrey Larson (Sowood), and Philip Falcone (Harbinger) all have something in common: they are Hedge Fund has-beens.

    Although Falcone’s Harbinger Capital has not blown up completely, Harbinger now only manages 3 billion in assets compared to its peak of 26 billion in 2008, and its largest investment just went bankrupt.

    Years of poor investment returns and investor withdrawals have weighed down on Falcone’s ability to take large bets and move markets; however, the recent failure of LightSquared, of which Harbinger owns a majority stake, may be the nail in the coffin for the hedge fund manager’s reputation.

    Has Falcone sealed his fate as a wash-up?

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    • 13
       

    WSO Conference 2012: Author Josh Rosenbaum Confirmed as a Speaker Share

    by AndyLouis
        
     
     
    (Neanderthal, 2,069
     
    Points)
      on 5/18/12 at 12:30pm
    Investment Banking.JPG

    Josh Rosenbaum, co-author of one of the most widely read and respected books on Valuation -- Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions will be attending the WSO Conference as a speaker and sitting on several panels. See below for his full bio.

    More BIG announcements on additional speakers coming in the next couple weeks, but get in now while there are still some discounted tickets left.


    Click here to reserve your spot!

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    •  
    • 2
       

    Quant Trader Share

    Login or Register to Apply

    Top systematic hedge fund is seeking new portfolio managers with experience in equities, FX, options and futures systematic strategies with low/no overnight holding.

    Top hedge fund is seeking quant traders with track record in Equities, FX, Futures or Options systematic prop strategies. Candidates will implement their strategies and build out infrastructure on an as needed basis.

    • Please login or register to apply
    •  

    Bonus Bananas May 18, 2012 Share

    by Edmundo Braverman
         ST
     
     
    (Human, 10,986
     
    Points)
      on 5/18/12 at 7:30am
    I'm With Stupid.jpg

    1) How Mark Zuckerberg Hacked the Valley (Business Week) - Today we're all going to witness the biggest IPO of all time, and that's pretty damn cool. But how did a geeky college drop-out get us here? This article reveals how Zuckerberg transitioned from basement coder to Silicon Valley virtuoso.

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    Forum Topics

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    • So I'm at university and I need to decide what kind of trading I'm going to focus on, whether its FX, commodities, equities, debt etc. Anyone have any idea of how to do this? I've read and am reading general trading books but is there any book that gives an overview of all these...
      Deciding which area of trading to specialize in
    • I know that very few people get hired to decent firms out of undergrad. However, I am wondering if these people had summer experience in IB before they were hired. Or do PE shops who take undergrads train them in modeling? Thanks....
      PE out of undergrad
    • Regardless of division at a BB, do most Associates have an MBA? How common is it to go directly from Analyst to...
      Do most Associates have an MBA?
    • This might be a little long so bare with me..its early in the morning, I go to a completely non-target school where we get little B.O recruiting and pretty much all sort of management programs from Enterprise to Toysrus and Target. I went into my non-target school as a marketing major but was...
      Non-Target breaks into IB
    • Here's a post-GMAT writeup I did back in April 2010. Hope it helps one or two of you monkeys. 750 (48Q, 45V, 6.0 AWA) I began my test prep in January 2010 with no set date that I wanted to take the GMAT. My intention was to take it when I could break the 720 barrier on the practice...
      750 GMAT Writeup
    • hey all i have recently joined a new gym and want to look like a fitness model by the end of summer (4 months starting june) before resuming uni. i do a lot's cardio so have a low body fat % already and am pretty slim. i haven't lifted much before but want to start (thats why i joined...
      Fitness Routine
    • I hope to work at a global macro fund at the age of 25(realistic?). From what I've heard UCLA is a great school but not a semi-Target. Chances are, I will end up in accounting, consulting or CA branch of BB banks in 4 years time like other UCLA graduates. Is it even possible for a UCLA...
      Freshmen seeks help!!! orz 0rz Orz
    • Curious about this. When you were interviewing for SA or FT analyst positions, were most interviewers out to get you, or did they hope you are a good candidate and not wasting their...
      Interviewers' attitude
    • I'll be a SA in NYC, but I'll be commuting. Do any of you explore nyc/go to bars or other events dressed in your work clothes? I imagine everyone else there would be in something more casual. That would make me stand out but I'm not sure if in a good or bad...
      Is it OK to go out in your work clothes?
    • Hello everyone. I've been contacted by people from PERecruit.com It's a firm that recruits for PE Firms but I was wondering if they are good. And by good I mean connected to successful PE firms, recruiting for the right positions, etc. Just to get a general sense of what I might be...
      PERecruit.com
    • This isn't going to be a debate about the pros and cons so much as has anyone done both consulting and i banking recruiting at the same time? I ask because I'll be interning this summer at BB as a sophomore so will have next summer to either return to the firm (obviously with a return...
      Doing Banking and Consulting Recruiting at Same Time
    • HR at a BB emailed me my SA assignment as CPB. Nothing else just that acronym. What does this stand for? private...
      CPB?
    • It’s Saturday, monkeys. And while I normally regale you with my highly ineffectual wrap ups at this time, <a href="http://www.businessinsider.com/hedge-fund-employee-explains-why-he-only-dates-dumb-models-2012-5">this piece from BI</a> has compelled me to write about...
      Hedge Funder on dating: “the dumber the girl, the better”
    • One of the new interns working under me and I were working together today and had a bit of down time so we talked about life for like 10 minutes. She's 21 years old and was talking about her dorm room situation for summer classes. I asked her what's wrong and she goes fucking ballistic...
      My new intern went nuts over a lesbian. Am I too anal here or is she an immature brat?
    more

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    Plus make sure to see my post <a href="http://www.wallstreetoasis.com/blog/how-i-got-a-770-on-the-gmat-with-minimal-effort-while-working-banking-hours%E2%80%A6">How I got a 770 on the GMAT with minimal effort while working banking...
    phantombanker's GMAT Study Guide
    A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free...
    How finance saved and gave me a life
    <strong>Summary</strong> This is not a financial modeling course like the one that is offered at Wall Street Prep, Investment Banking Institute or Analyst Exchange. <strong>Mod Note</strong> Not WSO competing products. Rather this is a series of free tutorials that help...
    Free Model-Formatting Course
    <em>Mod (Andy) note: </em><a href="http://www.wallstreetoasis.com/blog/phantombankers-gmat-study-guide">Here is the link to his study guide</a> Background: I recently took the GMAT and scored a 770 on my first and only try. Long story short, I studied and took...
    How I got a 770 on the GMAT with minimal effort while working banking hours…
    Here's my story: I will be graduating this semester from a non-target university, majoring finance and accounting, with a decent gpa (3.5 up). I started networking last summer, searching for that IBD full time offer. I was even considering delaying my graduation for one semester with the...
    Full Time Offer, at last! Thanks WSO!
    There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her. One week their (alleged) reporters go to people’s houses and look at everything the occupants...
    Sawyer’s Syndrome: The ABCs of Trade and Employment
    Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
    WSO Campus Representative Program
    A common thread we see on WSO from time to time is regarding working for banks in their regional offices. As banks are leaning towards more cost cutting and squeezing every dollar they can from their operations,<strong> a popular tactic has been to expand existing business and move...
    Consider your BB regional office.
    Really pretty girl. 22 yro. Just graduating out of Columbia. Majored in computer science. So, shes really smart too. I'm a 25yro third year analyst at a BB. Date went well. Dinner went really well. We laughing all the time and then I asked her what are the most important things she...
    Got back from a date. This is what she said. Is this a red flag?
    Broke the news to a few monkeys in the chat room, but I proposed to my long-time girlfriend yesterday and now we're engaged. Never been scared about much of anything in my life, and always had a good idea about how to approach new situations. A bit lost on this one. Anyone (other than...
    Just Got Engaged
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