I Guess That's One Way to Pay for College

Mod note: Best of Eddie, this was originally posted on 2/11/14.

God, I love the free market. This is absolutely hilarious. Call me old fashioned, but I look back with fondness on the days when a guy could walk into just about any strip club and witness the cold war between the perky college girls and the haggard single moms with past due rent playing out on the stage and in the champagne room. The lithe youngsters would glide casually from patron to patron, and their surly older counterparts would give them stink-eye while bending at the waist - more to conceal their C-section scars than to titillate the married guys on Pervert's Row. Alas, technology appears set to lay waste to another of our vaunted institutions.

This might come as a shock to you, but occasionally older guys are willing to cough up a little dough to find themselves in the company of beautiful younger women. So it stands to reason that the free market would provide a solution for these...ummm...introductions. One such provider is very up front about what they're offering, and even has a hilarious video extolling the virtues of amateur prostitution. But is it really prostitution?

Quote:
“Prostitution is black and white; it’s just an exchange of sex for money,” says Angela Jacob Bermudo, public-relations manager for SeekingArrangement, which encases its matchmaking service in a cloud of euphemisms.
“On SeekingArrangement, people are coming to find their ideal relationship. It’s about the connection. These men are shelling out $3,000 a month for a sugar baby. That’s not something that a man is going to spend for a simple, one-night engagement.”


Welcome to the New Wall Street Oasis!

After many months and many hours toiling away, we are finally here, a new and improved WSO. Here are a few of the benefits you should enjoy:

1. Fully adaptive theme so that the site works great no matter what device you are on (smart phone, tablet, desktop)

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3. Voting scores on content is now broken out so you can see # of Silver Bananas and # of Monkey Shits that hit each piece of content (not an aggregate score like before)...


Wharton ($) Vs Kellogg ($$)

I have a dilemma as I have an offer from two schools - Wharton and Kellogg. Wharton is offering 20% aid while Kellogg is offering 65% aid. Female currently am in MBB and have assured rehiring so that I have no problems of placement post MBA.
Question is which should I choose?


How much legal power does an offer letter have?

Recently signed an unpaid internship offer with a 10 men boutique. There's still a month before I get on board. I was wondering if there any chance the firm rescinds the offer? I don't have any reasons to believe they would but I have seen posts on firms rescinding offers. How much legal power does an offer letter really have?


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Illiquidity and Bubbles in Private Share Markets: Testing Mark Cuban's thesis!

It looks like Alibaba is investing $200 million in Snapchat, translating (at least according to deal watchers) into a value of $15 billion for Snapchat,  a mind-boggling number for a company that has been struggling to find ways to convert its popularity with some users (like my daughter) into revenues. While we can debate whether extrapolating from a small VC investment to a total value for a company make sense, there are two trends that are incontestable. The first is that estimated values have been climbing at exponential rates for companies like Uber, Airbnb and Snapchat. In venture capital lingo, the number of unicorns is climbing to the point where the name (which suggests unique or unusual) no longer fits. The second is that these companies seem to be in no hurry to go public, leaving the trading in the private sharemarket space. These rising valuations in private markets led Mark Cuban to declare last week that this "tech bubble" was worse (and will end much more badly) than the last one (with dot-com stocks).

In the article, Cuban makes four assertions: (1) There is a tech bubble; (2) A large portion of the tech bubble is in the private share market which is less liquid than the public markets; (3) The bubble will be larger and burst more violently because of the absence of liquidity; and (4) This bubble is worse than the dot-com bubble, though it not clear on what dimension and from whose perspective. In his trademark fashion, Cuban ends his article with a provocative questions,  "If stock in a company is worth what somebody will pay for it, what is the stock of a company worth when there is no place to sell it ?" I like Mark Cuban but I think that he is wrong on all four counts.


My not-so-secrets to success

Mod note (Andy): Throwback Thursday, this post originally went up on 3/2/12.


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Hit Rock Bottom

Long time lurker, but first time poster here looking for advice. So anyways, I graduated from a non-target, but very well respected school last year with a finance degree. Despite having a 3.87, two boutique PE internships (no big names), and an internship at a M&A advisory firm (again no big name), I struck out for IB recruiting. In all honesty, my failure was probably attributable to my abysmal networking efforts.

Fearing unemployment, I took a job as a "financial representative" at a life insurance firm, and by representative I mean a commission based salesmen. Now before anyone gives me too much shit, I was desperate for cash at the time and really had no other options. Now I have been here an entire year, and I can assure you that this job sucks ass. I drive around in my POS rusty ass Honda Civic most of the day trying to "source clients". I am constantly pressured by my retarded manager to push the company's worthless products on my friends and family. One time I caved and tried to sell some of the shit to my group of friends, which almost caused me to be kicked out of the group; the whole thing was f*cking embarrassing.