The ‘Business Cycle’ framework

This post is a follow-up to one of my earlier posts, 'Stop reading the news thoughtlessly and develop a macro framework' which had generated some interest among WSO users. In this post, I'll briefly introduce the perspective of 'business/economic cycle' and then show how investors can draw practical conclusions from this concept using publicly available data.

Summer Reading List: How to Get Rich Quick, or at Least Kill a Few Hours

Ever since I can remember, I have read to enrich my experiences. So now, as a proud business school graduate, I can reflect on the books that enhanced my MBA experience. Regardless of career or sector, I think all of the titles below have valuable lessons that one can apply both professionally and personally. Happy reading and if you aren't a millionaire after reading these, it's probably your own fault!

The Cliches: From Barbarians to Billionaires

Barbarians at the Gate- Described by a MarketWatch columnist as "the best business book ever", this was the first book I read during my MBA. The history of CEO Ross Johnson's bidding war against KKR reads like a thriller and reinforced a number of fundamental concepts I learned in my introductory corporate finance class. For example: DCFs, earnings multiples, and comparable transactions are great estimates of what a business is worth, but the true value of a company is what someone is willing to pay for it.

Is Meritocracy Dead in America?

Mod note: Best of Eddie, this was originally posted on 8/22/12.

Here's an interesting spin on the class warfare that seems to have grown much worse over the past decade. MSNBC's Chris Hayes opines in his new book that America is no longer a meritocracy, but an aristocracy with a couple hundred million serfs. In a lot of ways, it's hard to argue against that. He makes the point that the ruling elite weren't satisfied just climbing the ladder, they had to pull it up behind them. What do you guys think? Is America still a meritocracy, or are we forever doomed to this inequity?

WSO Mobile Offers: Text "WSO" to 38470 and get...

If you text the 3 letters "WSO" to the # 38470, you will be entered to receive 1 special discount every month to WSO's products and services...these include WSO Resume Review, Wall Street Mentors, Financial Modeling Training, WSO Job Board, WSO Video Library and more...again, it's as simple as texting the 3 letters "WSO" to 38470 :-)

Thank you for supporting the WSO community,
Patrick

Your Brand is More Than Words on a Page

I learned a very long time ago that the vast majority of people do business with people, not companies. In most organizations, the degree of success obtained can often be directly linked back to the strength of the relationships developed between provider and client. Remember that old saying, "Price is only an issue in the perceived absence of value"?

WSO Weekly Wrap-Up (7/25-7/31)

In case you missed them, here's some of last week's most popular topics:

Cost Estimators: The Bankers of the Construction Industry
Post By @UTDFinanceGuy

Recently I started a career in the construction industry as a project manager and cost estimator for a local company (boutique) and have seen the underlying similarities to the bankers of the financial world. It's also a career most finance and business guys haven't heard of because the companies almost purely recruit from those interested in the construction world (civil engineers and construction science majors more so). However, it is exceptionally easy to get into with a finance/business degree because many of them don't have the education at all.

Moving Internationally with your Automobile

For anyone who is relocating offshore, it's quite possible you have to end up being asking yourself no matter if you need to dispatch your vehicle as well as not really. You simply must take into consideration anybody searching for before you decide to determine as well as get your car or truck along.

Meir Ezra: Working Hard for Fun and Profit

Ten Ways to Work Harder

1. Decide to work hard for just five minutes to see how you feel. Then another five minutes and so on.

2. Focus on your purpose for the work. If it's a purpose you like, you'll have more energy.

3. Force yourself to GET STARTED. Once you have some momentum going, you'll get more done.

4. Consider the results and improvements for your future because of your work hard now.

SPECIAL WSO Happy Hour: The Re-Return of AndyLouis

Date/Time: Friday, August 14th @ 8pm

Location: Galway Hooker, Main Billiards Room (ground floor, all the way in the back)
http://galwaypubnyc.com/

7 E 36th Street, between 5th and Madison

HE'S BACK! The only man on WSO who is on record as tying @Frieds in a chugging contest is returning to NYC. Mr. Louis is looking for a great time "with all the WSO monkeys who like to drink" (his exact words). Come on out to Galway Hooker to shake his hand, buy him a drink and make his stay a success!

How to find the group: Mention "WSO" or "WallStreetOasis" at the door and they'll direct you to where we are located.

How to conduct yourself at happy hour and NOT behave like an ass:

Van Ecker/Couder & Associates Subject of New Takeover Rumours

Van Ecker/Couder & Associates (VECA), the Brussels-based Brokerage firm are the subject of M&A speculation, amidst news that one or more of the investment banking giants are mulling the idea of a bid.

An unnamed source, close to VECA, said the executive team of the Brussels-based firm were aware of potential buyout interest from a number of high-profile, global investment firms.

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