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Facebook IPO post mortem

Now that we are three business days into the Facebook IPO, there are more problems than anyone could have forseen. Facebook, Morgan Stanley , and Nasdaq have all had major...

Are Momma's Boys to Blame for the Euro Crisis?

Noting the confluence of topics about the baby boomer generation and financial woes of our youth today, I had this nifty chart sent to me today. Many of you may have seen it but it is interesting nonetheless. Basically, this is a chart comparing the CDS 's of European countries against the percentage of males living at home .

Long or Short Video Games?

A lot of folks around here have been in all-out Diablo III mode, the latest hit from Activision Blizzard (NASDAQ: ATVI). But does Diablo's success translate into a long equity...

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Breaking up is easy to do...

Breaking up may have been hard to do for the Carpenters, but it seems to be easy to do for some companies. Here are just a few examples of companies that have announced plans to dismember themselves, in the last few months:

Kraft Foods : Kraft Foods split itself into two companies: a division that sells candy and snacks (Oreo, Cadbury, Tang) globally and a division that sells grocery brands in the US (Oscar Meyer, Jell-O).

GS Analysts Fired For PE Recruiting

As we all know a first year analyst has to make a decision around this time of the year: a) take part in PE/ HF recruiting for a job that would start after his/her two year...

Challenges and Failures

Have you ever thought about the metrics that we, as smart, frequently "target-educated" (I vomited a little in my mouth as I wrote that), set for ourselves? And more importantly, how absurd they are?

Having read WSO for a long time, lots of people, myself included, dish out advice to prospective monkeys that follows the following format: "If you are willing to give up, you clearly don't want 'X' badly enough". Usually, this advice is laden with gut shots and less-than-desirable language, but the basic gist of it is that giving up indicates one of two things: that you aren't that dedicated to IB/PE/Consulting, or that you're too insecure to ever succeed in the field evidenced by constant second-guessing and a general lack of self-confidence.

China Mainlining US Treasuries

They say the customer is always right, and when you're as dependent upon your "customers" as the US government is, I suppose it pays to offer top notch customer service. The US Treasury has entered into a first-ever direct-selling relationship with China , effectively allowing the Chinese to bypass Wall Street firms and purchase treasuries straight from the source.

Remember the Primary Markets?

When I think about the evolution of the market place for debt and equity, I am reminded of the importance of the primary market. At some point in our society, ownership rights were established and equity was born. Capitalism led citizens to invest money in small businesses (primary market) for CapEx and working capital. We have always had a resale market (secondary market) where buyers purchase businesses and assets from others, but only in our recent history has the secondary market and derivative market become the focus for investors.

Getting an intern...advice?

So I'm getting my first intern this summer. I have been in groups with interns and I've been an intern but I've never had one 'assigned' to me before so I was hoping for some...

Could Renouncing US Citizenship Become Business as Usual?

This is a guest post/syndication from Dan Andrews of tropicalmba.com - an entrepreneur who I have a lot of respect for and have a learned a ton from over the last few years...

B-School Application Season is Officially Upon Us!

With the release of the HBS application today, b-school application season has officially begun. There are some huge changes here, but I will let you see for yourself. Here is the application as presented by Dee Leopold, Director of Admissions:

Stage 1: Written Application

Demographic data, transcripts, GMAT /GRE scores, resume, signed acceptance of honor code, $250 application fee

Recommendations (3). Here are the questions for recommenders:

Please comment on the context of your interaction with the applicant. If applicable, briefly describe the applicant's role in your organization. (250 words) How does the candidate's performance compare to other well-qualified individuals in similar roles? (250 words)

Have the BRICs Lost Their Magic?

When a Goldman economist coined the term "BRIC economies"--Brazil, Russia, India and China--he argued that their potential could make them the world's four strongest economies...

Gender Roles are Eroding in the Modern Economy

The New York Times is out with an interesting piece on the growing trend of men taking jobs in fields that are traditionally dominated by women. Interestingly, it may not be a...

Grandpa And Grandma Are Taking Our Jobs

Back on the topic of what the composition of the labor force says about our society , the New York Times recently put out this graphic breaking down the labor force by age and...

WSO Conference 2012: Author Josh Rosenbaum Confirmed as a Speaker

Josh Rosenbaum , Managing Director at UBS and co-author of one of the most widely read and respected books on Valuation -- Investment Banking: Valuation, Leveraged Buyouts,...

Harpooning the Whale

As the loss to JPM approaches a reported $5 billion , I thought it would be a good time to post a video explaining what really happened and who was behind it. Not surprisingly...

Free B-School Guides!

The Clear Admit Shop currently has free b-school "snapshot" guides available for download here.

The guides aren't terribly comprehensive, but can serve as a pre-...

100K to Drop Out of College?

60 Minutes aired a segment on Peter Thiel's Fellows Program earlier today. For those unfamiliar with the program, Thiel handpicks 20 - 24 of the most promising students across the nation and pays them 100K to pursue their technological interests, with one major catch...they must drop out of college.

The students picked for the program not only represent Harvard and Stanford students, but students from smaller schools and even community colleges. Some are attempting to redesign biofuels, while others work on household robots. Regardless of these students pursuits, they are taking a big gamble on the future of Silicon Valley.

£4.4 billion?!

Wow, look what I've just picked up on the Tube station!

Although this estimate might not be from the most reputable source, Bloomberg and FT are also talking about a much bigger number than Dimon announced.

If confirmed at this value, it must surely be one of the biggest trading losses ever... Do you guys think it's going to hasten the implementation of prop trading ban in Europe (is this even possible?)? As they will definitely have a hard time explaining that this was just a hedge!

Some recent links...

Bank's Loss May Widen

Now it's a $5bn loss?

To Be Unemployed, or Not To Be Unemployed; That Is The Question

Speaking of unemployment (and we are all speaking of unemployment these days, are we not?), as you might suppose, it is not an easy thing to measure. Hence the resulting...

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