Beat the Crowd: A Monkey's Review

My favorite market news/market research site is Market Minder by Fisher Investments, and I honestly don't know what I would do without it.

I say that because much of our media today is not in the business of informing, but of dramatizing to get views. In the age of the Internet, every news item or event is either "the best thing ever" or "the worst thing ever"--because anything other than that supposedly won't get you attention. Veteran newspeople and reporters who have lived through history and served as a rock to those who want to know what's going on, are being replaced by "generation image" or "the social media generation"--young writers who don't have as long a frame of reference, and for whom major events are unprecedented. A lot of us are prone to only think of market history as it relates to the course of our young careers.

We forget just how much we can learn from financial history, how stocks have done under similar circumstances to the ones we're in now. And that helps us keep level-headed when making portfolio decisions for the future. You have to train your brain to do this.

WSO Happy Hour Recap: NYC, Fall 2015

Thanks to all who came out this past Wednesday night for a fun evening of drinks and conversation (both professional and personal) for the first happy hour of the fall 2015 season. It's the time when all the major sports are going full swing, the weather is cooling off from the horrendous 95-degree, humid, hot garbage stench of New York, and Oktoberfest and pumpkin ales are in season and at their most delicious. The Galway Hooker pub had just recently added Bronx Pale Ale on tap, which is a delicious amber ale that makes for smooth, easy drinking at this or any other time of year.

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:

WSO NYC Happy Hour: Tuesday, June 23rd, 7PM, Galway Hooker

The next NYC meetup is coming up Tuesday, June 23rd, first WSO meetup of the summer! We'll be in the ground floor lounge, in the back on the right (just before the billiards room). Bring your thirst, especially you, @rufiolove !

Location: Galway Hooker
http://galwaypubnyc.com/

7 E 36th Street, between 5th and Madison

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:

WSO NYC Happy Hour: Tuesday, April 28th, 7:30PM, Galway Hooker

The next NYC meetup is coming up soon! Join us for the first happy hour of the spring season! All are welcome. Repeat visitors encouraged!

Location: Galway Hooker Pub, please say "WallStreetOasis" at the door and the bouncers/staff will direct you to our room. Most likely we'll be in the billiards room (downstairs) or the Guinness room (upstairs)
http://www.yelp.com/biz/galway-pub-new-york

7 E 36th street (between 5th Ave & Madison Ave)

WSO NYC Happy Hour: Thursday, February 26th, 8PM, Galway Hooker

The next NYC meetup is coming up soon! Join us for happy hour to help fend off post-football season depression. All are welcome. Repeat visitors encouraged!

Location: Galway Hooker Pub, we'll be in the Guinness Room (upstairs)
http://www.yelp.com/biz/galway-pub-new-york

7 E 36th street (between 5th Ave & Madison Ave)

Mention "WSO" 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:
http://www.wallstreetoasis.com/blog/wso-happy-hour...

Join the event meetup mailing list (form inside the post):

The Wolf of Wall Street: A Monkey's Review

"Well Mr. Belfort, in case you were wondering, you tested positive for cocaine, methauqalone, benziodiazepnes, amphetamines, MDMA, opiates, and marijuana. In fact, the only thing you're not showing is hallucinogens. What's wrong, you don't like those?" - page 297

You've (hopefully) seen the movie. Now, read the much better book it's based on.

WSO NYC Happy Hour: Thursday, January15th, 7:30PM, Three Monkeys

***Please note, new location--NOT Galway Hooker!***

The next NYC meetup is coming up soon! Join us for the first happy hour of 2015! All are welcome. Repeat visitors encouraged!

Location: The Three Monkeys, we'll have a few high tables reserved near the bar

236 W 54h St., New York, NY 10019 (between Broadway and 8th Ave)
http://www.thethreemonkeysbar.com/

Mention "WSO" at the door and they'll direct you to where we are located.

How I Work: Only With A Gun To My Head

Be honest, dear monkeys...how many times have you said the following, or something else like it:

"I didn't start it until the last minute, because I work best under pressure. I need that pressure to motivate me to finish."

And then covered it up with the catch-all phrase that our generation uses to explain poor decisions: "I know, I know, it's terrible, but that's just how I roll."

I've been thinking a lot about time management and work ethic lately, since a good buddy of mine is doing the law school thing and still subscribes to that last-minute, midnight-oil burning approach to work. Doesn't matter if it's a five page paper or a fifty-page legal brief, whether there's actual research and reading involved or not, he simply refuses to start it until 6pm the night before it's due. Needless to say, the stress this produces likely leaves him with an ulcer by the time he's 30. And for a week leading up to the all-nighter, he won't go out or attend social functions: "Can't burn the midnight oil Flesh, I need it for the all-nighter I'm gonna pull on Sunday."

The bizarre thing--and this is the reason I bring this story to WSO today--is that he really thinks this is preparing him for work in the professional world. "Bosses are gonna ask for a lot of work on really tight deadlines, so I'm preparing myself for that," his logic goes.

No, you're not. You're preparing yourself to have a lot of bosses breathing down your neck about why you haven't started your project yet. As the entry-level guy you'll often be asked to "take the first crack" at a model (or a brief, in his case). At least, that's what I would argue if I'm interviewing this guy. To me, that says that you can't prioritize or be proactive unless you have a gun to your head.

WSO NYC Happy Hour: Friday, October 10th, 8PM, Galway Hooker

***Note New Date, Oct 10th instead of Oct 3rd****

The next NYC meetup is coming up soon! General admission (even you folks in real estate), all are welcome (though having a respectable drinking record is a plus). Originally planned for October 3rd, this has been moved to October 10th so as not to conflict with Yom Kippur. Thanks @"Frieds"!

Location: Galway Hooker Pub, we'll be in the Guinness Room (upstairs)
http://www.yelp.com/biz/galway-pub-new-york

7 E 36th street (between 5th Ave & Madison Ave)

Mention "WSO" 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:
http://www.wallstreetoasis.com/blog/wso-happy-hour...

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