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Wall Street Oasis » Blogs » Arbitrage1980's blog
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Being happy with what you got
 

Arbitrage1980's picture
Arbitrage1980
     
 
(Senior Monkey, 85
 
Points)
 on 8/8/12 at 1:22pm
smiley.png

It goes without saying that every human being wants to be happy. We pursue education, careers, relationships, hobbies, etc., to maximize our happiness.

Looking back on my life as well as learning from others, I think envy and insecurity are perhaps the critical forces that cause us to be unhappy, oftentimes without us knowing it. We are stuck in a job, school, or situation that bothers us. Rather than taking proactive steps, we start looking at those who possess what we desire and covet their situation in life. We tell ourselves, "oh if only i were in his shoes or had XYZ, my life would be so much better." Coming from personal experience, this is a VERY dangerous trap, one that needs to be dismantled ASAP if you want to be an emotionally healthy person.

Some key points which I have really absorbed lately.

1. Do not think about what could have been. Only think about what will happen. We all have regrets about choices we made. Some of them may have been stupid and reckless. But no need to contemplate them now, wondering how our lives would be different if we had done X rather than Y. Learn from the mistakes but relentlessly push forward.

2. No matter how successful a person is, he is unhappy at times and struggles with insecurity and problems. This happened to me a lot when I would meet someone who is making great money, awesome job, beautiful girlfriend, great social life. And on the outside, their lives seem unbelievable. They always look happy; after all, on paper, they have it made. Surprisingly though, many people wear a facade in public. Even amongst my good friends, I have been shocked to discover that they struggled with bouts of depression or some other psychological issues. On the surface everything looked hunky dory. So do not envy others; ultimately, we are all humans going through this crazy thing known as life, struggling to figure things out and to make a place for ourselves in this world. In the midst of this, be truly thankful for what you have. I know this may sound cheesy, but the vast majority of humans in this world are in FAR worse situation than any of us on this forum. Taking a moment to just reflect on that reality often puts our concerns in the proper perspective.

3. Insecurity stems from not knowing your strengths and weaknesses. Perhaps no other quality is a deal breaker, professionally or personally, as insecurity. It eats away at our core, thus impeding our ability to achieve our full potential. Part of being a secure confident person is knowing what you're good and bad at and making decisions based on that self-knowledge. For example, I am not exactly the charismatic type who can walk into a bar and leave with a hot woman. Nor am I the life of the party who attracts people whenever he walks into a room. This reality used to bother me a lot, making me feel insecure in social settings. The key to overcoming this is to tell myself, "look, you may not be the most outgoing guy, but that's okay because you have skills and attributes that are quite unique. Leverage them to your benefit and to the benefit of others." Moreover, by focusing on your strengths, your professional and personal goals become more clear. Rather than chasing a hazy vision of what others deem to be "cool" or "prestigious", you will pursue the path that is right for you.

4. Very few experiences are worth the hype. This may sound like I'm being a negative party pooper. Allow me to explain. One consequence of envy and insecurity is that we start fantasizing about a certain person, object, or goal and putting them on a pedestal. This could be money, job, admission to a certain school, dream girlfriend, etc. Too often, even when we get what we want, the luster wears off rather quickly, and we're back where we started. If you were unhappy before accomplishing your goal, you WILL be unhappy afterwards unless you make fundamental changes. Aside from family and a handful of very good friends, much of life is a blur, a series of events that may seem of the utmost improtance at that moment but ultimately in the grand scheme of things, don't matter that much.

I have more thoughts but will stop here. As someone in his early 30's I'm amazed at how much I'm constantly learning about myself and life in general.

Best of luck, monkeys.

See my other WSO blog posts
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Tags:
  • happiness
  • Life
  • friends
  • family
  • envy
  • career

Comments

spaceagecowboy's picture

you da mcman man.

spaceagecowboy
      HF
 
(Orangutan, 272
 
Points)
 on 8/8/12 at 12:48pm

you da mcman man.

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bankerobber's picture

I'd say write down those

bankerobber
     
 
(Chimp, 11
 
Points)
 on 8/8/12 at 12:50pm

I'd say write down those fuqkups as a sunk cost, learn from your mistakes, try to forget it yet never make the same mistake twice and move on...

It's not the Harvard MBA, but what you *do* that defines you.

But who are we kidding, it's all HBS.

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UFOinsider's picture

I'm happy with what I've got

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/8/12 at 1:29pm

I'm happy with what I've got but want MORE. Sometimes, I lose sight of what matters, so thank you for post.

:D

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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BTbanker's picture

good read

BTbanker
      IB
 
(Senior Neanderthal, 5,336
 
Points)
 on 8/8/12 at 1:15pm

good read

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

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WallStreetOasis.com's picture

always keep perspective.

WallStreetOasis.com
      EN
 
 
(Human, 12,074
 
Points)
 on 8/8/12 at 1:18pm

always keep perspective. Good reminder.

WSO Conference 2013

Private Certified User Chat

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BlackHat's picture

It's hard to argue with 'be

BlackHat
      HF
 
 
(Senior Neanderthal, 4,950
 
Points)
 on 8/8/12 at 1:21pm

It's hard to argue with 'be happy with what you got,' because the only other option is 'be unhappy,' but don't be ignorant of what you are capable of having either. In some cases, being happy with what you have just means being content with underperforming your potential... and settling for mediocrity might be great for some people, but not for everyone.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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melvvvar's picture

according to another member,

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 8/8/12 at 1:24pm

according to another member, admission into HBS will open up haremloads of poon, respect, prestige, and money out the ass.

so i say OP has got it all wrong.

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UFOinsider's picture

melvvvar: according to

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/8/12 at 1:27pm
melvvvar:

according to another member, admission into HBS will open up haremloads of poon, respect, prestige, and money out the ass.

so i say OP has got it all wrong.

Not sure if serious, trolling, or both, but agreed. That same member probably has an unhealthy obsession bordering on pathalogical, so a dose of perspective would likely help. Perspective will likely prevent them from some type of newsworthy blowout should they not be accepted into said harem-access-granting-institution :/

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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Pienaar21's picture

Be hungry, but also cognizant

Pienaar21
     
 
(Baboon, 101
 
Points)
 on 8/8/12 at 1:37pm

Be hungry, but also cognizant of the fact that things can ALWAYS be worse. Good read.

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happypantsmcgee's picture

Pienaar21: Be hungry, but

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 8/8/12 at 1:52pm
Pienaar21:

Be hungry, but also cognizant of the fact that things can ALWAYS be worse.

I hate this comment. Yes, I could always be on fire. That would make it worse. Hardly seems like a meaningful way to look at things though.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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SirTradesaLot's picture

melvvvar: according to

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,523
 
Points)
 on 8/8/12 at 2:01pm
melvvvar:

according to another member, admission into HBS will open up haremloads of poon, respect, prestige, and money out the ass.

so i say OP has got it all wrong.

Hahahahaha
I wonder who it could be?
http://www.wallstreetoasis.com/forums/motivational...

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

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BlackHat's picture

happypantsmcgee: Pienaar21:

BlackHat
      HF
 
 
(Senior Neanderthal, 4,950
 
Points)
 on 8/8/12 at 2:06pm
happypantsmcgee:
Pienaar21:

Be hungry, but also cognizant of the fact that things can ALWAYS be worse.

I hate this comment. Yes, I could always be on fire. That would make it worse. Hardly seems like a meaningful way to look at things though.

The "there's kids starving in Japan" way of thinking has been lost on me since I was 6. I don't give a fuck about them because they're on the other side of the world, point to the guy who is in a similar situation and is having one shitty ass time and maybe the comparison will hit a little closer to home, hahaha.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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That_Aston's picture

Good post. Although, I was

That_Aston
      CF
 
(Gorilla, 574
 
Points)
 on 8/8/12 at 2:15pm

Good post. Although, I was prepared for a bullet point acknowledging erectile dysfunction. :/

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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Pienaar21's picture

happypantsmcgee: Pienaar21:

Pienaar21
     
 
(Baboon, 101
 
Points)
 on 8/8/12 at 2:18pm
happypantsmcgee:
Pienaar21:

Be hungry, but also cognizant of the fact that things can ALWAYS be worse.

I hate this comment. Yes, I could always be on fire. That would make it worse. Hardly seems like a meaningful way to look at things though.

Must suck being such a cynic.

I'm not saying to tell yourself "Well shit, most of the people in this world live on $100 a month. May be I should be thankful with that job at Mickey D's after all!". I'm saying, the next time you, or another monkey, finds themselves depressed because they landed a gig that pays them 90k out of school, after bonus, rather than 100k, to remember things can be somewhat significantly worse.

As others have said, work hard but keep things in perspective. Life is about balance.

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WSOusername's picture

Great post, just a couple

WSOusername
     
 
(Senior Gorilla, 950
 
Points)
 on 8/8/12 at 2:19pm

Great post, just a couple thoughts of my own which will most likely be considered tl;dr:
1) While it is certainly important to be happy with where you are, to a certain extent a little unhappiness can be leveraged into motivation and thus progress. For example, how can you bust your ass in school to get good grades if you're happy with landing some mediocre job? How can you bust your ass in the gym to get in shape, if you're happy being a fat ass? You get the point. Maybe I'm biased, but most of the happiest people I know are also the least motivated.... just an irony? perhaps, but perhaps not.
2) Regarding the proverbial pedestal, I completely agree. The appeal of most things, is the idea of how you dont have it but someone else does, not necessarily the attainment of said thing. I'm sure anyone who has ever put something on a pedestal (whether it be relating to girls, academics, sports, admissions... anything) and achieved said thing, knows what I'm talking about. It goes from an over-dramatized image of how awesome things will be "if only", to meh.... what's next?
3) Lastly, I also agree with "insecurity stems from not knowing your strengths and weaknesses". I find younger people have this propensity to grasp onto their inefficiencies while ignoring their efficiencies. Nobody is perfect at everything. That genius is probably mad awkward, that social butterfly is probably dumb as shit, you get the point. One of the cool things I've noticed from growing up is how you go from harping on your weaknesses, to recognizing your strengths and accepting how you can't be perfect at everything.

GBS

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JDimon's picture

To OP - great post and you're

JDimon
     
 
(Orangutan, 252
 
Points)
 on 8/8/12 at 3:06pm
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There is already a book on you. That book is already being written. And if I talked to your friends, your teachers, your professionals, your family, I would know so much about you I wouldn't even have to meet you. You write the book the way you want to be

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Pienaar21's picture

JDimon: However, I've

Pienaar21
     
 
(Baboon, 101
 
Points)
 on 8/8/12 at 3:17pm
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prudentinvestor's picture

Here's my advice for all the

prudentinvestor
     
 
(Orangutan, 317
 
Points)
 on 8/8/12 at 3:31pm
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R0bin's picture

If Michael Jordan was happy

R0bin
     
 
(Orangutan, 292
 
Points)
 on 8/8/12 at 3:40pm

Baby you're the perfect shape, baby you're the perfect weight. Treat me like my birthday, I want it this way and I want it that way. It makes a man feel good baby.

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Hayek's picture

Droppin' some real talk. SB

Hayek
      CO
 
 
(Senior Orangutan, 428
 
Points)
 on 8/8/12 at 3:48pm
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LIBORtarian's picture

I'm going to flip this around

LIBORtarian
      HF
 
(Chimp, 4
 
Points)
 on 8/8/12 at 4:21pm
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TheSquale's picture

Very good post. You said it

TheSquale
      AM
 
(Senior Orangutan, 389
 
Points)
 on 8/8/12 at 4:24pm
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BlackHat's picture

LIBORtarian: I'm going to

BlackHat
      HF
 
 
(Senior Neanderthal, 4,950
 
Points)
 on 8/8/12 at 4:24pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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Nabooru's picture

Interesting topic, but I just

Nabooru
     
 
(Gorilla, 689
 
Points)
 on 8/8/12 at 4:56pm

Who are you going to believe, me or your lying eyes?

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SirTradesaLot's picture

I have a never ending desire

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,523
 
Points)
 on 8/8/12 at 5:19pm

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

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eignenvector's picture

Doing whatever makes you

eignenvector
      AM
 
(Senior Monkey, 71
 
Points)
 on 8/9/12 at 10:07am

"When you expect things to happen - strangely enough - they do happen."
- JP Morgan

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You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

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The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • I started off at UC Berkeley as a Math major but I did terribly and I didn't enjoy any of my classes. Now at the end of my sophomore year, I have a GPA of 2.8. I realized I was doing my major for the wrong reasons, and I am changing my major to Economics. I have done well in the economics...
    Had a bad GPA but now changing major
  • Hi guys, I've been checking out WSO for a while now and currently deciding at which universities I would like to pursue a masters in finance for 2014. Currently, I'm an undergrad at a non-target in the Netherlands (not that there are any target schools in NL). Now, most US...
    Masters in Finance, realistic chances of getting in
  • This is a NYT piece on the hunt for buy-side jobs now going on, as reported in http://dealbook.nytimes.com/2013/05/23/a-rush-to-recruit-young-analysts-only-months-on-the-job/?smid=pl-share. [quote]“Every year recruiters get hold of full lists of analysts in the top groups at the top banks,”...
    The stomping killing grounds for a buy-side job
  • Anyone able to tell me something about secondary loan trading, exit ops, etc? I may have an opportunity for an internship in this and I'm wondering whether it is worth pursuing. Long term goal is working at a Hedge fund...
    Secondary loan trading? Secondaries
  • Similar to the Anatomy of a 10-K thread I was hoping someone could walk us through how they dissect CA and indentures and explain what parts are most important and/or relevant when looking to...
    Anatomy of a Credit Agreement and a Bond Indenture?
  • Macquarie, after cutting bonuses for many of the analysts has now cut Seamless allowance. Crossed the line, guys. “Macquarie is making further cuts to analysts. Weekend Seamless is now $25/day, cut from $40. All analysts are trying to leave. Morale is extremely...
    Bonus cuts are one thing, but now Seamless cuts?
  • Was curious if anyone has any idea what National Sales group does at BB PWM. Obviously it involves sales, but how do BB National sales groups stand out from different more regional teams within the BB PWM groups. Anyone have any experience with these types of...
    Group placement
  • I am curious about which one is better. I'm a first generation for college and I can't decide whether I should go to a target like Ross and end up with a 3.2 GPA or go to an easier college like OSU and get a 3.8/4.0 GPA. My goal isn't necessarily to get an IBD position straight out...
    Non-target with 3.8/4.0 GPA vs target with 3.2 GPA
  • Hi, this is my first post. I am looking for a new suit and after doing some research on styleforum.net, it seems that SuitSupply is my best bet. I really like the Washington fit they offered for its high rise and slim cut pant. However, since there aren't that many options, I am wondering...
    Are these suits appropriate for SA?
  • It is called "Brocair Partners" and it is in Midtown NYC... They cover the Healthcare sector and have deal size ranging from 30 - 250 Million. So they seem pretty good in regards to size, and have decent deal flow as well. Also have a lot of international exposure and overseas deals, so...
    Has anyone heard of this Boutique?
  • I'm working at a smaller MM investment bank in a relatively smaller city (not NY, Chicago, LA, SF, and the like). About 6 weeks ago, I received an email saying that I had an offer to intern at the bank as a summer ibanking analyst, and the MD just wanted me to respond back stating that I would...
    Background check
  • I thought I would help out the WSO RE community a little bit. If your in RE then you know who Hines is. Anyways they have a position open for their Irvine, CA office. I don't work for Hines, but I dealt with them before. You guys can go ahead and apply online, don't send me a resume. Just...
    Hines Analyst Position Is Open, Apply Here
  • Recently the site hasn't been properly displaying quotes within quotes when there are about 3 levels or more. Here is an...
    Quoting Bug
  • My original plan was to write a series about starting my eccomerce business; going through the process of finding a market, a product and funding. I still plan to do this, but I would like to talk about something that is far more pressing to me: IP...
    Entrepreneurship and patent lawsuits
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
15 things I wish I knew as a first year banking analyst
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps. <strong>Summer Analyst...
MSF Question and Answer
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
Beginners Guide to Valuation and Metrics By Sector
I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
Ask Me Anything: I'm a Currency Volatility Trader
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em> I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
My Biggest Career Mistake to Date: Prestige
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
This is just fantastic. After sitting through Carl Levin and John McCain spewing a bunch of nonsense about how Apple doesn't pay enough taxes (despite being the #3 taxpaying company in America behind ExxonMobil and Chevron), Rand Paul lit them up about what a travesty it was to blame Apple...
Rand Paul GOES OFF at Apple Hearing
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