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Blogs

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Why is this Quant so Angry and So Out of Touch?

WallStreetOasis.com's picture
WallStreetOasis.com
      EN
 
 
(Human, 12,192
 
Points)
 on 6/18/13 at 9:12pm

So all new users to WSO get 6 free financial modeling lessons, 5 of my best tips for networking and my best tips for interviewing over the first month of being a user.

Tonght I got a response from one of my networking tips e-mails from a slightly older gentleman that is a "financial consultant" with a bit of a quant background that surprised me...here is is:

[quote]Thanks for the old networking idea.

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Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing

NiuShi's picture
NiuShi
      PE
 
 
(Senior Baboon, 207
 
Points)
 on 6/18/13 at 7:30pm
Cocktail Party

As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties.

But here arises the often-asked question: How do I keep the conversation rolling with someone not in finance? Here are 5 tips to keep the conversation flowing and you not sounding like a prick, just a guy with swagger and the personality to make that bank account look even more becoming.

1) Hate to do it, but I’ll just re-iterate what every successful person already knows here when it comes to networking: Keep the focus of the conversation on the other party.

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Stock & Bond Market Update

James Investment Research's picture
James Investmen...
     
 
 
(Monkey, 53
 
Points)
 on 6/18/13 at 12:47pm
bullbear.png

Stock Market Analysis (6/10-6/14)

Stocks lost ground last week as the Dow, S&P 500, and Russell 2000 indexes all declined. Among the sectors, largest losses were taken in financial and technology stocks, the least in consumer staples and health care. Telecommunication service stocks were the sole gaining sector. A total of 944 stocks advanced while 2,243 declined, 221 stocks set new highs against 549 new lows. Weekly volume declined as prices fell. Commodities were mostly lower.

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Go See "The Internship!"

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,883
 
Points)
 on 6/18/13 at 12:30pm
the internship.jpg

”Look man, remember when there were no seatbelts? What happened then when you crashed?”

“My mother’s arm stopped me; I went through the windshield!”

“Exactly! And you got 39 stitches all over your head that made you look like a total badass all through third grade! And did that stop you? No! A few years later in 8th grade you took that same station wagon out with nobody’s permission, to go pick up the girl of your dreams!”

“So what’s your point?”

“My point is, life is like that car! Sometimes it throws you through the windshield, cracks your skull wide open, even breaks your heart! But you can’t let that stop you from getting back in there! Ride, Billy. RIDE!”

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WSO Conference 2013: Reason #10 To Join Us

AndyLouis's picture
AndyLouis
     
 
 
(Almost Human, 6,117
 
Points)
 on 6/18/13 at 10:45am
Meet Patrick.png

There are 10 days remaining until the conference (June 29th) and each day we'll be listing off another reason for why you should join us at the conference.

Reason #10: Meet Patrick, the founder and Chief Monkey of WSO. He'll be busy of course but would love to shake the hand of everyone that attends. If you see him around make sure to say hi!


Grab One of the Last Discounted Tickets Today (40% Off!)

See inside for more reasons...

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Quantum Dawn 2: Wall Street Under Siege

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 6/18/13 at 7:30am
Hack Attack.jpg

A first-year analyst at BofA is pulling an all-nighter. He's on his second Snickers bar and his third Monster Lo-Carb when he notices his VP's computer turning on. Which is strange, because his VP shut it down hours ago when he left for the night. So he strolls around the office for a few minutes and catches another offline computer booting up. This is weird. He goes back to his desk and the blood drains from his face when he sees the comps he's spent hours spreading have disappeared from his screen and been replaced by what appears to be Chinese characters. Then his screen goes blank. Chaos erupts among the analysts as all their screens go blank at the same moment.

On another floor, an overnight trader notices a huge spike in the Yen and a collapse in the Euro and dollar before his screen goes blank. He panics, knowing that he must be tripping stops right and left. He tries to reboot to no avail. His phone starts ringing, and it's his MD who clearly just woke up. "WTF is going on down there?" his MD screams, but the trader has no answers. His computer comes back online for a moment, but only long enough for him to see his P&L hemorrhaging red. Then everything goes blank.

If this sounds like something out of a spy novel, you'd better get ready to see it in real life. Because it's happening on June 28. Dubbed Quantum Dawn 2, Wall Street is going to come under simulated cyber attack to test the system readiness and response time in the event of a massive worldwide hacker attack. By scheduling it for June 28, they're hoping to take advantage of what should be a quiet summer Friday where (hopefully) it won't cause any real chaos.

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Pricing Power of the TI-83 Plus

tt1254's picture
tt1254
      HF
 
 
(Orangutan, 328
 
Points)
 on 6/17/13 at 10:30pm
TI-83Plus

For many of us in United States, the TI-83 Plus is the quintessential (pre-college) calculator. It was required for many classes (e.g. AP Calculus) and the $100+ price tag 10+ years ago did not do wonders for the wallet. Still, the multi-line interface, matrix operation capabilities and games such as snake made it a versatile instrument pre-iphone. 

Yet, as an electronic system in a highly competitive field, why is the same TI-83 Plus still almost as pricey as a decade ago?? Keep in mind that with the same money, one can buy a 4th gen ipod touch with a Color screen, gigabytes of ram and streaming video+wifi and that the same smartphones a year from now are probably worth far less (try selling the older motorola razr's now). This extends beyond phones to vcrs (remember those?), stereos etc.

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How WSO has enhanced my IB/PE career

CompBanker's picture
CompBanker
      PE
 
 
(Almost Human, 8,737
 
Points)
 on 6/17/13 at 7:00pm
wso black shirt.png

Background
I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful of people actually working in investment banking. Like many new users today, I became engrossed in learning as much as I could about banking and spent a tremendous time reading everything on the site.

Throughout my two banking years, I did my best to share my experiences with the community. As one of the most senior members on the site (as an analyst, no less), there were relatively few people who could answer my questions about PE or assist me in building my career. At the time, I felt as though I wasn't getting anything out of the site despite putting a lot of effort in.

Fast forward to my first PE job and I was finally in a position to really mentor people looking to break into banking and PE. I started getting a lot of inquiries from not only college kids, but bankers as well. Luckily PE isn't as taxing hours-wise and I had the time to email/talk/meet with folks and do my best to help them out. I still hadn't seen any tangible benefit from my now 1,000+ hours on WSO, but at least I was having fun.

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Wolf of Wall Street Trailer Drops

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 6/17/13 at 12:38pm

Here you go:

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Wolf of Wall Street Trailer

George87's picture
George87
      IB
 
 
(Orangutan, 253
 
Points)
 on 6/17/13 at 12:09pm

Think you guys will enjoy this!

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    "What is the worst part of your job" interview question
  • So all new users to WSO get 6 free financial modeling lessons, 5 of my best tips for networking and my best tips for interviewing over the first month of being a user. Tonght I got a response from one of my networking tips e-mails from a slightly older gentleman that is a "financial...
    Why is this Quant so Angry and So Out of Touch?
  • Assume no CD experience pre-MBA. My thoughts are that working in CD requires making long-term investments (albeit strategic/operational, as opposed to financial), so it may force one to think like a long-term owner, a la value-oriented investing. If possible, how long should it take in CD...
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  • Hi all - As i have been looking through this site, i have found their seems to be a lack on anything Australian. While that is understandable seeming as the industry is US focused, i thought i'd take the opportunity to try and develop a useful collection of tid-bits and facts by sharing...
    Answering Australian I-Banking Questions!
  • As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties. But...
    Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing
  • ...
    -
  • Hi everyone, I got admitted in the MSF programs at Olin and McCombs recently. Both B.schools are well recognized in their respective regions but I am very confused because of the following factors. Any suggestions will be highly appreciated. I would like to work in IB/ Asset Management. I...
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
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After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
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Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
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Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
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Stand Out as a Non-Target: Recruiting (Part 1 of 4)
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If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
<em>Mod Note: Blast from the Past - "Best of Eddie" - This one is from June 2011.</em> <em><strong><u>Freeriding</u> :</strong> The illegal activity of buying a stock and selling it before paying for the purchase.</em> - <a...
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Why would you NOT go to the 2013 WSO Conference?
N/A - Already bought my ticket, see you there!
16%
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Waiting until last minute to make a decision
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Total votes: 44
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