Webinar: The peril of emerging market investing -- 7pm ET, 8/30/15


On Sunday August 30th, 7pm ET Wall Street Mentor JP will be hosting a webinar entitled "The peril of emerging market investing ", with a q&a session to follow. JP is an industry veteran with experience in Trading and will be starting at a top U.S. MBA this fall.

To read JP's bio, check out this event page of a webinar he gave several months back. More than anything, JP is an amazing presenter and will fill up that hour with a TON of information (he speaks a mile a minute :-) - if you have any interest in emerging market investing do not miss this webinar.


If you missed the webinar, it will be available on the homepage in exactly 1 month, for 24 hours September 30, 2015 before going into the WSO Video Library.

August 30, 2015 - 7:00pm to 8:00pm
Event type: 
WSO Webinar

Which would help me move up market?

Currently at NYU's FT MBA program. Worked in lower MM PE before matriculating. Looking to move up market after. Would a MM PE or bulge bracket banking internship help most with this? I don't want to be pigeonholed into either lower MM/MM PE or banking. This would be assuming I can't find an internship at a fund I'd like to work at, or the fund size I'm interested in.

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Beyond value traps: The value graveyard

He couldn't stop talking about the great deal he got on his boat. My friend purchased his boat over the internet from what he considered a sap Florida. The boat was supposedly in mint condition, everything was like new, it ran well. We looked at the same batch of pictures over and over as we listened to his savviness in buying cheap online. Since he didn't live in Florida he paid someone to tow the boat to Pennsylvania. It was there the problems started.

On the way back the boat trailer developed a problem with the wheel bearings. My friend explained it away as something simple that happens to trailers that sit a lot. He had a great reason too, in Florida boats are always in the water so the trailers rarely are used. Once the boat was back in Pennsylvania the list of repairs began to grow. That mint condition vinyl was a bit sun faded, it just needed to be replaced. Then there were some issues with the engine that required an overhaul. Some patches and paint and a number of other things were needed before the boat was sea-worthy. Suddenly this incredible deal my friend got on his boat wasn't such a great deal. He put so much money into the boat that if you added it all up it's likely he overpaid.

WSO Campus Representative Program

WSO is now accepting applications to be a Campus Rep at your university for the 2015-16 school year. We currently have 42 reps signed up but would love to add 20-30 more.

We are looking for motivated students with a solid work ethic and strong presentation/communication skills who are willing to commit for at least one semester, or ideally until May 2016. The time commitment we ask is 12-15 hours/month. Phone interviews are continuing into September so get your applications in soon!

Our Campus Reps help us by spreading the word on campus, meeting with and giving presentations to student clubs and organizations, organizing meet ups, social media activity, university partnerships, and other on campus and online activities. Perks that reps can receive include free WSO guides, free access to our Video Library & Job Board, letters of recommendation from Andy, prize money for the top reps, and more.

Click inside the post for more information and to formally apply >>>

Random Musing on Mr. Market

Again take everything I say with a grain of salt...

1) Are we happy yet value investors?

A while ago, I was once asked if I was happy. It was a weird question since I'm generally a happy person but this investor thought I wasn't expressing an appropriate amount of happiness doing my job (during a period of good times). To be fair, I sometimes come off as "meh" when doing my job...there's only so many times you can say something looks fairly valued before people begin to wonder how useful you are...It's not always a happy time going through volatile periods but I admit I'm happy I can pitch ideas with decent upside/downside valuations.

2) Politics of money

While the mood of investors can mirror the markets, I generally feel the same through market cycles and don't get much anxiety during volatility. You would think this personality trait would make me a great investor, but unless your namesake is on the door and the money is your own, you're not making decisions based solely on objective rationality. Even if you feel you are a rational and opportunistic investor, your money can feel anxious. Stupid money. This puts people in the odd position of doing things when they really shouldn't be doing much and fighting organizational inertia when they should be doing a lot. The politics of putting money to work is real. I sometimes envy the coldness of quant strategies.

2016 Full-time IB Recruiting Timeline Megathread

It's that time of year again, folks. Time to polish those resumes, fire up the LinkedIn and WSO search functions, and bug the hell out of the career advisers at your schools. It's recruiting time!

We are all looking for information on timelines and deadlines for every bank possible. If you or your school has information on important upcoming dates, please, please, please share them with us!

I'll collect all the information I can here in this first post, and I'll update it from info in the body of the thread. If you have information and you don't want to post for whatever reason, PM me and I'll add it.

I realize some of this will be speculation, so if you see something here you know not to be true, let me know.

Applications / Interviews / Superdays

Watch out - There's a fake Goldman Sachs in China

We all know that the People's Republic of China basically copies everyone's ideas, from making fake Rolex watches, Louis Vuitton handbags to pirating movies and selling DVDs on the street for less than $2. Its newest invention is Goldman Sachs (Shenzhen) Financial Leasing Co., which has been operating in China since May 2013 using the nearly identical English and Chinese name to the American counterpart.

A staffer at Shenzhen Goldman Sachs said any similarity to the US-based bank was unintentional Thursday, weeks after a Chinese man was arrested for setting up a fake bank branch.
"We don't have any connection with the US Goldman Sachs," a woman who answered the company's listed phone number told AFP.
"We just picked the name out, and it's not intentionally the same," she added, before hanging up.

"Karōshi": Death from Overwork on Wall Street

It's 2015, and people in America are literally working themselves to death.

Let the insanity of this situation sink in for a second.

In a country with more wealth and opportunity than any before it in history, young people like Thomas Hughes and Sarvshreshth Gupta are sitting at a desk and staring at a computer until something kills them or they kill themselves.

I've been thinking about the tragic stories of Thomas and Sav a lot recently, rolling the same few questions through my head: Why are people with dream jobs committing suicide? What's causing their situations become so bad? And why are thousands of ambitious students fighting tooth and nail to follow in their footsteps?!

Would you choose Hedge Funds all over again?

I'm just out here looking for opinions from actual people working at a Hedge Fund. In regards to finance career paths, if you had to do it all over again, would you still go the Hedge Fund route?

For me, I'm a college student just waiting for my turn to break in. Lately, I've really began thinking a Hedge Fund is the right route for me. PE sounds really nice and also sounds like something I would really like, but it isn't the same. I LOVE the markets. I am extremely passionate about investing and a HF just seems to be the more desirable route for me.

So, out of curiosity, would you do it the same if you did it all over again? I really am looking for some inside experiences or opinions on why you love/hate working at a Hedge Fund and what you would do differently or the same if you had to do it all over again.

MSF Class of 2017

With the MSF recruiting cycle quickly approaching, I thought it would be helpful to create an updated MSF thread for everyone applying to the 2016-2017 MSF cycle. Feel free to post questions for this years upcoming applications here. I will answer what I can. Good luck everyone!

WSO NYC Commercial Real Estate Happy Hour/Meet Up

Happy hour is geared towards CRE professionals however all are welcome.

Date/Time: Thursday, September 3rd @ 7PM

Location: Galway Hooker - 7 E 36th Street, between 5th and Madison

How to find the group: Mention "WSO" or "WallStreetOasis" at the door and they'll direct you to where we are located.

September 3, 2015 - 7:00pm
Event type: 
WSO Happy Hour