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Americans Tend To Report Longer Working Hours (than reality)

Thought some of you might find this interesting. I catch myself doing this occasionally, usually when trying to justify laziness on the weekend.

Here is the article...

Explain why I didn't wear tie in first round

Moderator Note (Andy): Best of WSO - this post originally went up April 2011 and we thought it deserved to go back on the homepage for those who may have never seen it.

Long story short

Went for the first round interview with only shirt and pants (no tie no suit ). One of the MD (who didn't interview me) saw me and wasn't impressed with my dress code

I was fortunate enough to pass the first round because the associate and analyst (my buddy) who interviewed me went to bat for me. The analyst told me during discussion the MD almost wanted to rule me out just because I wasn't properly dressed.

Gallatin: A forgotten financier

A lot of you who have an interest in economist history have probably heard of Alexander Hamilton, the first Treasury Secretary appointed by Washington, but many of you have probably never heard of Albert Gallatin and today I just wanted to pay homage to him.

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Shave Your Head To Get That Promotion

There's been a lot of posts about how certain physical traits can help (or hurt) your career. I even posted about how wearing certain colors can change how people perceive you. But now, "research" is suggesting that bald men are more likely to get raises and promotions. A recent study by Wharton and article by WSJ suggests that bald men are perceived to be more "mature" and "wiser".

Comments from the week 10/14-10/20

By to_IBornot_toB in Time to Respect the MSF: Top Five MSF Myths Debunked :

[quote]The toughest part of the getting a job from an MSF, is that you have to sell it. Yes, there are a few "target" firms that come on campus, but more importantly you need to reach out to other people, and find what story fits for you.

Make a logical story (much harder done than said) and I think the MSF is worthwhile. Also, if you can get the MSF at a discount (fellowships, grants, scholarships), do so. This makes for bragging points during on-campus interviews when going up against other students from your MSF.

Neanderthal Vs. GMAT: Place your bets!

I'm going to kill the GMAT ... at least, tthat is the idea. How hard can it be? I mean, i have over 2,000 banana points on WSO...

My current score is c. 620 GMATs, but I'm aiming for 700+ GMATs on test day. I've just registered for the 1st week of December. I've never blogged (is that the right word?) before, but will post updates here...

So, What do you guys think? Do I stand a chance? Would you bet against me?

Structured Product Investing -- Who does it?

I tend to be a big fan of investing in structured products and was curious to hear what people think of / do with these specialty pools of products... feel free to drop some knowledge on specific products youve bought that youre very happy with btw

A personal favorite of mine I purchased at the end of May 2011 --

Tied to the SPY, the underlying trade price was 131.64. With a 2 year maturity window on the product, as long as the SPY holds above 131.64 on May 26, 2013 I receive a 17.6 coupon return -- even if it is up a penny. If we are up 20 percent on the SPY, I collect that return instead.

Hipsters in Finance

Moderator Note (Andy): Best of WSO - this post originally went up April 2012 and we thought it deserved to go back on the homepage for those who may have never seen it....

Weekly Wrap-Up: 10/13-10/19

In case you missed them, here are some of the hottest topics of this past week:

Time To Respect The MSF: Top Five MSF Myths Debunked

Whenever I read...

The Only Side that Matters: The Soft Side

Although fear of being charged with slander in the future played an important role in why I changed my blog's topic for today, I mainly decided against it because something has...

Should Banks Care Where their Money Comes From?

I remember surfing around on Netflix a while ago and coming across a documentary called cocaine cowboys, which I will say is a must watch for anyone. You can guess what it's about. What interested me was the amount of cash that banks in Miami took in to the tune of 600 or 700 million dollars a year in straight cash... when beforehand they were used to a tenth of that. The fed didn't even know what to do with the cash at the time it was rolling in so quickly. Then I stumble across this gem of an article where western banks are making it rain from the columbian cocaine trade .

Bonus Bananas October 19, 2012

1) Greg Smith Quit Goldman After 'Unrealistic' Pitch for $1M ( Bloomberg ) - Greg Smith definitely got the last laugh. Goldman launched an internal investigation into him and...

Milton Friedman

Genius, or moron? Discuss.

Also I'm curious. Are most people on here economically conservative or liberal?

Sounding Scripted in Interviews?

Moderator Note (Andy): Best of WSO - this post originally went up October 2006 and we thought it deserved to go back on the homepage for those who may have never seen it....

MLB seriously needs to overhaul instant replay

Why does baseball refuse to step into the 21st century? We have so much technology that could potentially guarantee that the right calls are made 100% of the time but for some odd reason MLB refuses to implement the technology.

I understand that baseball purists love the human element of the game, but so many mistakes have been made by the umpires that it's destroying the game. The price baseball has paid for the human element is well documented. Off the top of my head, umpires have ruined what would have been a perfect game (Jim Joyce calling the 27th batter safe at first base when he was clearly out). They ruined the momentum of a dangerous Pirates team last year (Jerry Meals calls a base runner safe at home plate when he was out by 5 feet in the 19th inning).

Pandit's Legacy

Why did Vikram choose yesterday to resign? Citi 's results were neither poor enough to justify him being forced out nor were they good enough for him to say he'd done his job. We may never know the true reasons (Boardroom coup? Salary arguments? First rat off a sinking ship?) but we can nevertheless examine his legacy.

The headline numbers show Pandit presiding over an 89% fall in the share price of Citi , pretty terrible especially when you consider that HSBC and JPM have been broadly flat over the same period. There has also been vast amounts of accounting wizardry done so that nobody knows what the hell is going on there. They have struggled to dispose of toxic assets, sold good assets at a loss and much more.

3 things that helped me get the exact offer I wanted

Recruitment has wrapped up for most BBs, boutiques, and MM firms out there. No fear, of course, there are plenty of boutiques that will be hiring into the Spring, so if you...

Einhorn does it again

Man, Einhorn is on a roll. Two weeks after presenting CMG as a short, the stock takes a nose dive today. Down ~12% after-hours after missing analyst earnings forecasts....

Vikram Pandit Resigned??

FrontPage of the WSJ. Article says nobody saw this coming. His resignation is effective immediately. Wtf?

Mod Note (Andy): See these related threads:


Google Earnings Miss

Just a quick note to update you guys on how I'm playing this Google fiasco.

First of all, it looks like the reporting service they use to release earnings screwed the...

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