I'm turning 30 on Thursday. It's true. I've been a bit of a workaholic this past decade. I'm driven by an intense desire to help create a better world in the future than the one we have today--a world that is more sustainable, abundant, and joyous. And I'm excited about...
<em>Mod Note (Andy): #TBT, Originally posted on August, 2012</em>
When you work 80-hour weeks regularly and the staples of your diet are $25 Seamlessweb pasta dishes and burger combos, inevitably, nature is going to call – on your office line. For the majority of analysts on...
<em>Hey ladies and gents! I saw in the Wall Street Journal a big article on the importance of charisma and presence, it inspired @"Ben_KickassAcademy" and I to throw an article together on networking for you guys.</em>
You fill out a name card. Receive a packet of...
Last week, @"onemanwolfpack" went over some travel hacks and discussed how he uses credit card points and airline miles to get free airfare. Being the frugal guy on WSO, I figured I would follow up with how I save money using rewards credit cards. NOTE: this strategy only works if...
<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...
Since moving abroad, I've turned "travel hacking" into my primary side hobby, that is, paying as little as possible in cash for flights and hotels throughout the world. Eighteen months later, I'm sitting on 500,000 airline points with only two credit cards in my...
I started my job at a <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">BB</a></span> this Summer as a VP and was lucky enough to start the same day as our group of summer analysts and...
Students around the world: WSO is now accepting applications to be a Campus Rep at your school for the the 2014-15 school year. We are looking for motivated students with a solid work ethic and strong communication skills who are willing to commit for the entire school year (or remainder of if...
Recently I was having a conversion with a buddy who just started a grad job at a large insurance underwriter here in Zurich. He was saying how his perception of the world is changing now that the underlying structure of the global economy is gradually revealing itself to him through his work. He...
OK I will preface this all by saying I am a bigger dude (6'3'' ~270lbs) I go to the gym at least 4 times a week but I also enjoy my food, while not a land whale I am definitely larger than average.
I spend at least 10-12 hours a day sitting at my desk. In order to stay...
Hello everyone. I was wondering, for an international who may be interested in <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-investment-banking-division-IBD">IBD</a></span>, which path do you think would be...
Not sure if you folks saw this nice chart on Business Insider, but it shows how much $100 is actually worth in each state based on goods and services you're able to purchase.
Aside from Hawaii and DC, the worst states are New York and California - I don't know why anyone would even...
I'm looking for some RX models to study, and I'll happily trade some of the models I have in return. Please let me know via PM if you have anything to trade.
Some of the stuff I am looking for:
Thirteen Week Cash Flow
Payment in Kind
I was looking for ways to value firms in this sector but saw several people comment that it is important to also know the operations of mines and other technical stuff in this field. I tried looking for a primer but only found one old primer.
I wanted to know what technical details should some...
Just got a job offer to be the sole and lead analyst for a 65-year-old family investment company that has about $1 billion of real estate assets (market value) at about 10% leverage (yep, about $900 million in equity, $100 million in debt). Company is so private that if you Google the name only...
Hey all, I have a rather elementary question--I hope you understand and ask for your patience with my ignorance. I never really had a fundamental grasp of the concept of bonds, and had a question about an example I saw on Investopedia. The example was as follows: on Day 1, a bond has a par value of...
<strong>Big Announcement: WSO Resume Template is Out in the Wild!</strong>:
<em>If you're looking for a resume for experienced IB professionals or a <b><a href="http://www.wallstreetoasis.com/forums/wso-private-equity-resume-template">private equity...
I am entering my second year in MBA school and didn't do an <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-investment-banking-division-IBD">IBD</a></span> internship. However, I plan to apply...
As a result of my post on bull markets I've had a few emails and comments asking my thoughts on what makes a good <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-balance-sheet-BS">balance...
If you are valuing a firm such as Rio Tinto, BHP or any other 'major' natural resources firm then what do you prefer?
Do you use NAV and do the analysis for every single division of the business? or do you just do <span class='keyword_link'><a...
Hi. I am just about to begin my Masters in Accounting degree. My <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/canadian-grades-to-gpa" target="_blank">GPA</a></span> was not great in undergraduate, so to improve my...
I go to a semi target school where science courses are curved to a c+/b- and I was a premed until 5 months ago. I got into med school a year early, but decided to bail on that after I realized I didn't really want to My cumulative gpa is a 3.1 (as a econ/chem double major), but my major gpa...
I am looking into purchasing the <span class='keyword_link'><a href="https://gv142.isrefer.com/go/wso15/wsoasis/" target="_blank">Wall Street Prep</a></span> online course. Does anyone know how long you have acess to the online...
Greetings. I will be starting a new blog on WSO where I will focus on putting together quality equity research pieces. My goal is to get practice at writing ER and to hopefully generate some investing discussion on the boards in the process. I'll be starting a sister blog here: (http://seekingalpha.com/user/13500742/profile) where I will post more detailed versions of these articles. I will do my best here to be concise while still providing key details. I am hoping for some discussion/constructive criticism.
Company: Calgon Carbon Corporation
Stock Price: $16.44
Market Cap: $903 million
Debt: $50 million
As a trader, one of the things I like to do is take notes on trading observations, both trade specific and trader specific. I was flipping through some of my notes and wanted to share some of the rules I have followed which generally apply to all traders.
Develop your own philosophy and guiding principles
Never trade on other's advice
Define your trades before entering them and constantly reiterate your reasons
Keep a record of your market observations
Do not be afraid of taking risks (or losses)
Make a risk control plan and follow it
Accept failure and persevere
I will go into detail below, Let me know if you have any more tips that you would like to contribute.
In today’s volatile market, being long and neutral in your portfolio can deliver returns in uncertain markets. Today, I will present two options strategies, one conservative and one speculative, and then ask WSO if you would be on the other side of these trades.
I will propose a covered call on Microsoft (MSFT) and a bull call spread on Starbucks (SBUX).
Last Monday, Patriot Coal (PCX) filed for Chapter 11 bankruptcy protection and was the first ship to go down in the declining coal industry. This bankruptcy and the current rock-bottom valuations of the US coal stocks (ACI, ANR, WLT, BTU, ect.) are a sign of the shifting sands in the energy sector as natural gas rises in importance and developing countries rely less on energy imports.
“The coal industry is undergoing a major transformation and Patriot’s existing capital structure prevents it from making the necessary adjustments to achieve long-term success,” Irl F. Engelhardt, Patriot’s chairman and chief executive, said in a statement. “Our objective is to use the reorganization process to address important issues in an orderly way and make the company stronger and more competitive.”
Patriot may have secured some $802 million in restructuring financing, but it may just be delaying the inevitable as the coal industry is experiencing both a cyclical and structural decline.
This is a big week for markets in terms of economic data. Yesterday we had a data dump of mammoth proportions and the data wasn’t very promising.
A glance, we saw Australian, Korean, Spanish, Italian, French, German, UK, and Brazilian Purchasing Managers Index (PMI) all print sub-50 (contractionary) numbers. US PMI fell to 52.5 and Chinese PMI fell to 50.2 (lowest in three years. In addition, Eurozone unemployment rose to a record 11.1%, Brazilian consumer default rates spiked higher, and the US Institute for Supply Management survey (ISM) came in at a contractionary 48.7 (another three year low).
OK, you get it. The data was bad yesterday, but markets still rallied? What can we learn from the market reaction?
So you are fascinated by the financial markets and maybe even interested in trading? Great, but access to information doesn't come cheap and can be a real differentiator. After all, how can you possibly get an edge on what is going on if you don't even have a fraction of the information at your disposal that market professionals have without paying a pretty penny?
Ten or Fifteen years ago it would have been nearly impossible to come even close to replicating what big firms have access to when it comes to data and information. These days, you still can't get there, but you can arguably get three quarters there in terms of what the fundamental managers are looking at.
I will go into detail below. Let me know if you have any cool free resources or tricks to getting useful market information.
Last week after the Chinese central bank (PBOC) announced a 25 basis point rate cut, I gained enough conviction to take a long position on Baidu which has sold off greatly along with most other Chinese equity flotations this year.
The PBOC move made me believe that Chinese policy makers may engineer a bottom in their equity markets through a wave of easing. I decided to go shopping for the higher quality Chinese names which are on sale, BIDU being amongst the first that I am adding.
Why do we constantly set ourselves up for disappointment by dreaming up the possibilities how much better our lives would be if only we were doing something else?
Too many times I have heard friends say "things would be so much better if only I worked for x group in y bank". Or another thing you might hear, "I like what I am doing now, but I think a job at fund z would pay a lot more".
If there are any monkeys out there with this mentality, please keep this old cliche in mind: the grass is always greener on the other side.
The book “Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong” by Edward Conrad has created a shit storm in its wake as it seeks to defend the 1% and makes the argument that inequality benefits modern society. The book's main argument is that the rich provide capital and take risks which generally helps society innovate and create jobs.
While the book is not directly associated with any of the presidential campaigns, it has been at the forefront of the war on finance and private equity. It seems to me that it has become very trendy for people to trash private equity while having just learned about what it was a couple months ago.
It could be said that recruiting for competitive jobs in business is a game. However, recruiting is a poorly designed game with blurred rules that doesn't necessarily award the best candidates all of the time.
We have all long known about the shortcomings of the current model recruiting, and a start-up founded by Guy Halfteck called Knack.it is trying to address the issues through the use of video games. Knack.it is partnering with companies to develop games that test specific skills desired for particular job positions.