The takeaways are in bold
<strong>If you get accepted to multiple top 10-15 schools, take “prestige” out of the equation.</strong>
I always tell the story of my good friend who passed up a full ride at Columbia to pay full freight at Wharton due to rankings. She ended up...
<em>Mod Note (Andy): My current and past content <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/searching-for-a-summer-internship">interns</a></span> created this post for you guys which includes some of our best...
Over the last few months I’ve realized just how diverse hedge funds are, and how little people (both in/out of the industry) understand about the different structures. This is my attempt to distill some of the bigger differences in ‘team structure and compensation’. It’s a detailed...
Applications for <b>full-time analyst</b> positions at the following firms are now open unless otherwise stated. Get after it, monkeys! See you on the Street ;)
<b>Front-office <span class='keyword_link'><a...
<b>Bio</b>: tl;dr version: non-target, non-major, also had a sub average <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/canadian-grades-to-gpa" target="_blank">GPA</a></span> in undergrad but compensated...
<p>To wrap up this 4 part series, I want to go into a little about the actual work itself and what you will be doing. Per usual, I will compare some typical roles in accounting with the typical roles in finance or...
Been a long time reader of WSO and I have to say it has been helpful. I thought I would give way to those wanting to explore corporate <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/breaking-into-private-equity-and-vc">venture...
Given that we have built up relationships with hundreds of companies and finance recruiters, we thought instead of just a simple job board (which you can find <a href="http://www.wallstreetoasis.com/finance-jobs">right here</a>), we would also create a WSO Applicant...
- 2.9 from FIU communications degree
- 710 <span class='keyword_link'><a href="http://www.wallstreetoasis.com/gmat-pill-promo-code-333-off-gmat-prep-discount">GMAT</a></span>
- 4 years of sales and management (probably will help quite a...
Tod von das schwarzhaarige Mädchen von Robert Stone, Buchbesprechung: literarische Thriller Beifall von Philip Roth gewonnen hat, aber nicht zu seinem Hype gerecht
Robert Stone kommt mit Lob von seinen zeitgenössischen Philip Roth, die ihn im Vergleich zu den französischen Nobel Laureate...
I am interested in <span class='keyword_link'><a href="http://wallstreetprep.go2cloud.org/aff_c?offer_id=2&aff_id=1000&source=InText" target="_blank">financial modelling</a></span> for mainly <span...
I'm currently an electrical engineer working in the Silicon Valley, I've been thinking of quitting my current job and moving back home to San Diego. I'll have 1.75 years work experience if I moved next month.
Also been thinking about a career change, and possibly getting...
I am a rising senior and my school requires that I get an internship once a week (every Thursday specifically). During that day I would not go to school, but rather my internship. As you may have guessed by me being a member of WSO, I am interested in a internship on Wall Street. I understand that...
I am a rising senior and my school requires that I get an internship once a week (every Thursday specifically). As you may have guessed by me being a member of WSO, I am interested in a internship on Wall Street. I understand that there are many different financial services here, but I want an...
Directly from the archives of "PMs that BlackHat gets that are so epic I'm willing to violate another user's privacy to share"
Subject: 5%+ monthly profits
I saw a...
What are your opinions about being on the "spectrum"? Could the positive effects of high functioning autism be discussed at a job interview or is that something you leave at home with your dog and three cats? I'm just curious to see how the finance community might react to something...
I know there have been a lot of watch discussions here, but my question is: is this one too fancy?
<a href="http://www.iwc.com/en/collection/portofino/IW3565/">IWC Portofino</a> (with black strap and white face, $4,500 retail).
My friend and I were debating whether...
Anyone know of any acquisitions shops that buy street retail is Southern California? Somewhat similar acquisition criteria to American Commercial Equities out of Malibu?
Need to move a deal in coastal Orange County. Had little to no luck finding shops like American Commercial. My next bet might...
I have a ft interview coming up with an IC shop. I will be meeting with people from the hedge fund group. How should I prepare for the interview? Any help would be appreciated. Thank you for your...
No contest here. @TurquoiseHexagon wrote one of the heaviest comments in the history of WSO in response to UPenn Suicides - What's Going On Here?. His comment described the feelings one has before writing a suicide note (I can only assume this was written from the standpoint of personal experience, which makes it even more powerful) and why we all need to be more sensitive to mental illness. The comment brought in 15 Silver Bananas and much respect.
Caption Contest Winner:
This week's Caption Contest winner is @pphi with her zinger directed at our pal Brian DeChesare of M&I. Well done. Here's your shirt.
God, I love the free market. This is absolutely hilarious. Call me old fashioned, but I look back with fondness on the days when a guy could walk into just about any strip club and witness the cold war between the perky college girls and the haggard single moms with past due rent playing out on the stage and in the champagne room. The lithe youngsters would glide casually from patron to patron, and their surly older counterparts would give them stink-eye while bending at the waist - more to conceal their C-section scars than to titillate the married guys on Pervert's Row. Alas, technology appears set to lay waste to another of our vaunted institutions.
This might come as a shock to you, but occasionally older guys are willing to cough up a little dough to find themselves in the company of beautiful younger women. So it stands to reason that the free market would provide a solution for these...ummm...introductions. One such provider is very up front about what they're offering, and even has a hilarious video extolling the virtues of amateur prostitution. But is it really prostitution?
“Prostitution is black and white; it’s just an exchange of sex for money,” says Angela Jacob Bermudo, public-relations manager for SeekingArrangement, which encases its matchmaking service in a cloud of euphemisms.
“On SeekingArrangement, people are coming to find their ideal relationship. It’s about the connection. These men are shelling out $3,000 a month for a sugar baby. That’s not something that a man is going to spend for a simple, one-night engagement.”
Mod note: Best of Eddie, this was originally posted on 9/27/12.
I was talking to a female friend of mine who happens to be an atheist last week, and she was telling me about how she attended a church in NYC just to get to get in good with the head of admissions at the preschool she wanted her son to attend who also happened to be a member of that church. Ultimately, her kid didn't make the cut. We laughed about it, of course, but it shows the lengths to which some parents will go to give their kid a leg up in life.
So I guess it stands to reason that some parents think it makes sense to spend $43,000 a year for high school. Yup, you read that right. 43 GRAND. A year. As in $200,000 for a high school diploma.
Predictably, 47 of the 50 most expensive high schools in America are located in the Northeast, with the three outliers located in California. And I think it's important to note that the quoted tuition figures do not include room and board; it's just straight tuition. So what exactly are you walking away with (aside from a high school diploma and a bunch of Marc Ecko gear) after your folks cough up two hundred grand?
1) The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet (Rolling Stone) - When is a bank no longer a bank? Matt Taibbi does it again. His analogy about letting the guys who run a Vegas sports book coach NFL teams on Sunday is right on the money.
2) Stock traders move into the laser age in pursuit of lightning-fast deals (The Verge) - The quest for zero latency has officially gone laser. You know what's cooler than 4 milliseconds latency? 3 milliseconds.
3) Soros Ex Got Violent During Deposition: Lawyer (FIN Alternatives) - Hell hath no fury like a woman scorned who sold her ass to a decrepit billionaire for a sweet pad and then got hosed when he met somebody hotter. Evidently Big George's ex-girlfriend lost her shit during a deposition last week and came across the table. She smacked Soros's lawyer, called Soros an asshole and a piece of shit, and then took her ownlawyer apart. Ain't love grand?
Under the terms of the deal, Time Warner Cable shareholders will receive 2.875 shares of newly issued Comcast common stock for each of their shares, people briefed on the matter said on Wednesday evening. Based on Comcast’s closing price of $55.24 on Wednesday, that values each Time Warner Cable share at about $158.82 each.
For Comcast, the deal, extending its leadership in the cable industry, is another transformative step in the evolution of what is now America’s most influential media company. It comes less than a year after Comcast completed the acquisition of NBC Universal And it will further extend Comcast’s lead as the nation’s largest cable operator.
(Disclosure: I'm long Bitcoin, no position in AAPL at the moment)
I found the following pretty amusing and thought you guys might as well. I'm a big supporter of Bitcoin because I see the amazing potential (beyond even currency) in it, but some Bitcoiners are downright evangelical about it. So I guess I shouldn't be surprised to see the violent reaction by some in the Bitcoin community to Apple's removing the Blockchain app from the App Store for no apparent reason last week. Many think it's because Apple is about to introduce a competing payment processing platform, but who really knows? I happen to think buying Bitcoin at this moment is akin to buying shares in the Internet in 1994. It's entirely possible that I'm wrong, but I won't risk not capitalizing on lightning striking twice. I just think it's ironic that Apple is making a conscious decision to alienate the very demographic that brought them to the dance: early-adopting technophiles who think they're something special (no better definition of the Bitcoin crowd). At least they were good enough to video themselves smashing their iPhones:
How cool is this? The Thread of the Week is actually a former comment on another thread! Mind...blown. Of course I'm talking about @Marcus_Halberstram's epic takedown on mediocrity entitled, "Laziness and the Merits of Hard Work". He made the comment way back in 2010, but it's just as poignant today. The post earned him 21 Silver Bananas, 6 Facebook Likes, 3 Tweets, and a LinkedIn Share. Once again Marcus delivers the goods.
Comment of the Week:
@big unit scores the comment of the week on last Friday's Bonus Bananas. His mini-screed pointing out the hypocrisy of a young woman who decided not to work at Goldman after Goldman decided she didn't make the cut was both spot on and hilarious. The comment earned him 4 Silver Bananas. Tied in the Silver Banana count was @Hugh Myron's comment on I F@#$%^ up my lunch run, help me fix the damage! wondering which was the more prestigious hot wing: boneless or bone in? You know what? I just put him over the top with another Silver Banana because his username cracks me up. You bet your ass I'm mirin.
This has me utterly baffled. Peter Schiff is a pretty bright guy, and for a long time he's been a vocal advocate of the sound money and libertarian economic viewpoints. That's why I'm wondering if he's had a stroke recently, because he's done more to marginalize his own point of view over the past six weeks than the army of his detractors has managed in the past decade.
Near as I can tell, he started jumping the shark in December when he posted a video of himself ostensibly protesting against Wal-Mart workers protesting for higher wages. It was tongue in cheek, and not a completely outlandish point to make, but it begs the question: where does a millionaire CEO find the time to protest against minimum wage workers in a Wal-Mart parking lot? And why the hell would he?
It was all downhill from there. He appeared on Joe Rogan's podcast on January 22 and I couldn't believe what I was hearing. He spent three solid hours railing against government regulation of any kind and, when pressed on the environmental impact of disasters like the BP spill and the growing sentiment against fracking, his attitude was basically, "F the environment, I'm getting paid."
mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from January 2011 . If there's an old post from Eddie you'd like to see up again shoot me a message.
When women get together with their friends and talk about the new guy in their life, one of the first questions that always comes up is, "What does he do?", which - let's face it - is code for, "How much does he make?". Your salary matters to women. Going all the way back to caveman days, women have always sought mates who could protect and provide. It's no different today.
But in today's world of empowered females, why does your salary still matter so much? Professional women today earn as much and sometimes more than their male counterparts. Yet these women expect even more from their mates than women who don't make as much. What gives? Match.com has an interview that may shed some light on the subject.
1) Ex-SAC Trader Convicted of Securities Fraud (Dealbook) - With this conviction, Preet Bharara is now 79-0 against Wall Street. If I were Stevie Cohen I'd be looking to take my show on the road most ricky-fucking-tick.
2) How A Duke Undergrad With No Finance Background Got Lured By Goldman Sachs (Business Insider) - This is a pretty cool piece written by a young woman who is probably very typical: got into a decent school without knowing where she wanted to go in life, and then got seduced by the promise of an early pay-off in banking. I have to believe that people like that make up the majority of applicants these days.
3) No jail for 'affluenza' teen in fatal crash draws outrage (USA Today) - Pretty egregious case of entitlement run amok, but you can't blame the kid. He's just doing what anyone would do in his position: whatever he has to in order to get off. I think it's pretty safe to call this a miscarriage of justice, though. If we start letting rich kids get away with killing people because they're too spoiled to know it's wrong, that's a very dark place to tread.