Lumosity Unveils America's Smartest Colleges

SAN FRANCISCO, Nov 01, 2012 (BUSINESS WIRE) -- Lumosity, the online brain training and neuroscience research company, today revealed the smartest colleges in America based on an analysis of its database of human cognitive performance. The study examined game play data from over 60,000 college students across five cognitive areas: memory, processing speed, flexibility, attention and problem solving, and named Massachusetts Institute of Technology as the smartest school.

College rankings typically use standardized test scores to measure intelligence, but tests like the SAT and ACT are designed solely to predict scholastic ability and performance.

Bloomberg On Homelessness

Guys, the father that you New Yorkers know and love so much is actually more tyrannical than I had previously thought. Until earlier this week, I had never heard of Michael Bloomberg's ban on donating food to the homeless. Yeah, you read that right. Not a typo.

You might remember the more recent introduction of the "Nannie City", as Bloomberg banned the sale of large sugary drinks in New York City. If you've been living under a rock (or not in NYC, anywhere else is de facto "under a rock" anyway, but I digress...), you can read more about that whole fiasco here.

Well, I suppose a case can be made for getting rid of oversized Monsters and Coca Colas, but donating food to the homeless???

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Priceline Pays $40/share for Kayak, a 29% Premium over Thursday's Close


This price represents ~32x TTM EBITDA....overpaid or good to buy them now before Kayak eats thier lunch?

...not surprisingly, Orbitz up 12% after hours.

What is a bit crazy here is the premium paid. I think this is actually a very smart move by Priceline since Kayak was showing a lot of momentum...

You know the guys at are salivating right now, right?

Dinged: Other candidates "Bubbled Up Higher"

So I was interviewing with a MM bank and got dinged. Turns out the guy that was running recruiting and dinged me quit his job the day after informing me.

I decided to e-mail the new guy who took over for recruiting and asked if there was any particular question I got wrong (I know I didn't) or any specific feedback/constructive criticism he could offer that would assist me moving forward. This is how he responded.

Monitor Company Group LP Files for Bankruptcy

NEWS: US operations will be acquired by Deloitte. The worldwide ops to be assimilated into Deloitte Touche Tohmatsu Ltd.

Does anyone have any more details on this and what exactly happened?

Please leave in the comments, thanks.

Voices of Finance Interviews

I stumbled upon these interviews done by a journalist in the UK. He recently conducted 70+ interviews with a wide array of different finance professionals (everyone from interns to MDs and BO to M&A). Thought it was pretty interesting:

The Real World

I’m deviating a bit from my thematic postings today to focus on a few observations of adulthood that I’m curious to hear your input on WSO. It’s funny – we all grow up a significant amount in college, but I feel that I’ve grown more in my single year out of school than in my previous twenty-two having lived on this planet. And what fascinates me even more is that there’s still an entire life of learning ahead of me.

Why UBS Will Die

One common criticism I hear on the street is UBS, the U've Been Sacked bank, or Ultra Bullshit Shit bank has a poor reputation. Either through routinely failing institutional clients by wiring money incorrectly to a counter-party while they're in the middle of a lawsuit. Or finding their contracts don't mean very much when the words 'capped-fees' is just there to charm, it's misnomer in Swiss-German that means it's uncapped; a kind of screw you get out clause..

But the bank is also known for the billions they've put into R&D in dark pools, brokerage, the sheer numbers of starts-up in their rather activist, but also interesting, long-term investment strategy.

The little stuff -- consulting vs. banking

Can anybody share some info on:

Banking vs. consulting expense accounts (max amount for dinner, taxi/uber allowance, etc.)?

Health benefit plans?

Retirement / savings plans?

I know consulting offers a lot of points (flight/hotel stays)--how quickly does that add up vs. banking?


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Dear Apple, I’m leaving you

Mod Note (Andy): this is a syndication from

There follows a letter to Tim Cook, chief executive of Apple:

Dear Tim,

There’s no easy way to put this so I’ll just come right out with it. I’m leaving you. It’s been great (mostly) but it’s over.

I figured the least I could do is to explain my decision in full – I like to think it might help protect you from nasty break-ups like this in the future.

Q&A with Matthew Christensen (Disruptive Innovation Part 1)

Matthew Christensen Introduction

Mr. Christensen is one of the leading practitioners of disruptive innovation. His father, Clayton Christensen, coined the phrase in his famed NYT bestseller, The Innovators Dilemma, which has developed a worldwide audience as the forward thought on business model strategy. Matt has used the term, disruptive innovation, to break the mold of traditional investment strategies. As a founder of Rose Park Advisors, a Boston based hedge fund; Matt uses his expertise in identifying and applying disruptive innovation frameworks to encompass the foundation of Rose Park's investment strategy. In summary, Rose Park Advisors has one simple criterion for investing: Is the company disruptive or not?