"Go all the way down to the beginning"
From: WONG, Daniel
Sent: Friday, December 07, 2007 1:09 PM
To: FERNANDES, Alan; SINGER, Adam; KWOK, Alice; BUENO, Santiago
Subject: FW: Help.... Read this from the bottom up-its hilarious
Haha….here’s to all you folks who...
<em>Ugh. Why did she say no suit. Everybody has a goddamn suit.</em>
I'm fidgeting with my hands outside of the auditorium as I feel the countless glares fixed on the only freshman who was toolish enough to show up. To make matters worse, I'm sticking out like a sore...
I've been a long-time WSO reader and have read countless AMA's that have helped me out along the way, and with FT recruiting in full swing I thought it'd be cool to share my story and give whatever advice I could to people in similar situations to myself.
So first I'll...
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...
As a former <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/consulting-case-interviews">MBB</a></span> case interviewer, I've interviewed a lot of people and have seen people make very small, avoidable mistakes. It's...
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...
It’s been a bad year for the NFL. Sure, they generated over $9 billion of revenue in 2013, but consider the scandals and controversies of the past year alone – Ray Rice, Adrian Peterson, the Washington Redskins, concussions and player safety, the fact that the <em>Jacksonville...
Hello. I am new to the WSO blogger community; this is my first post.
I went to a semi-target and interviewed during the crisis, when company presentations & on-campus workshops pretty much dried up. WSO was a crucial source for me when I started finance recruiting in late 2007, and...
A <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/wells-fargo-and-company">Wells Fargo</a></span> employee sent an email to the CEO, John Stumpf, he also CC'd 200,000 other <span...
Everyone is special these days. Everyone a winner, children's soccer teams don't even keep score anymore. Likewise it seems that most value investors have convinced themselves that everything they invest in is a 'wonderful business' (a growing company with...
I knew my neighbor and her husband had recently separated and she was struggling. She hadn't shared with me her struggles, because we didn’t knew each other that much.but I just knew it couldn't be easy, money wise as they had 4 children, one being blind, and they were struggling...
Hey Im in my last year off middle school at stanley prep. im very interested in investing especially <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-private-wealth-management-PWM">PWM</a></span> starting to...
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I currently work as a real estate AM analyst at a boutique. Our PE clients' portfolios are being wrapped up and the firm is not profitable and pretty much going out of business because we don't have any other clients lined up and the company is in debt. My boss recently told me that it...
Sometimes the beauty of one’s soul is on how much sacrifice she can bear for the love of another soul…
Maila, a friend of mine, is in her third year in College. She is the kind of person who does not talk too much with other people. She does not hang around the corridors or at the canteen,...
Recently signed an offer for a <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">BB</a></span> <span class='keyword_link'><a...
So I start at a top <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">BB</a></span> next year out of a semi-target, and I want to make something productive of my copious free...
It was a regular week day, after doing all my chores inside our house, I went outside at my little garden to say “hi” to my flowering plants. While I was watering them, my seamstress came by to deliver the clothes I asked her to repair. Her name is Fely.
Fely is in her early 40’s. A...
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I am a sophomore finance major at Case Western Reserve University and I have a 3.0 <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/canadian-grades-to-gpa" target="_blank">GPA</a></span>. I didn't perform well...
Hi I have a <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/consulting-case-interviews">case interview</a></span> coming up for a Big 4 firm in a FDD role. I was wondering if anyone has done a similar case interview in FDD or...
I had a question for you traders out there. I just got a job at a middle market bank, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/stifel-nicolaus-and-company-inc">Stifel</a></span>. I am working in Fixed Income...
I was wondering what a software developer would typically be making at <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/optiver" target="_blank">Optiver</a></span>? The data on Glassdoor is all over the place (anywhere...
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.