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Wall Street Oasis » Blogs » In The Flesh's blog
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Drinking The Haterade On the Driverless Car
 

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,792
 
Points)
 on 2/26/13 at 12:30pm
google.jpg

This is something I’ve wanted to write about and challenge ever since I read this recent Bonus Banana article in Forbes about Google’s driverless car: http://www.forbes.com/sites/chunkamui/2013/01/22/f...

Forbes is one of my favorite publications. To be blunt, the slobbering love affair that this writer has with the driverless car is painful to read. His “analysis” is faulty right from the beginning, as he simply accepts Google’s projections on cost and benefit with no challenge. I realize anyone can have an argument about assumptions and you’d expect them to be on the generous side.

But really? A 90% reduction in traffic accidents and fatalities? Ninety percent?

It’s not that I don’t like the idea of a driverless car, or that it can’t be done. It’s a noble and worthwhile pursuit. But as the analysis takes shape based on Google’s truly incredible projections, Forbes is forgetting one of the most important questions—”How?”

How exactly will having a driverless car result in a 90% reduction in accidents and deaths? I get that removing the human element from driving is supposed to cut it down, but how will that work in the interim period between all-human drivers and all-driverless cars? Won’t there be more accidents, not less, as we shift between systems? Automated systems aren’t foolproof by any means, and somebody still has to monitor it and repair it.

“Come on Flesh, it’s Google—it won’t need that much monitoring,” I can hear the fans interject. “It’ll just work.” Really? Can you explain how?

Another extrapolation from the series here is that we won’t have to purchase our own cars anymore. “The car will just come to you,” the article promises. How?

Another claim is that the driverless car will dramatically reduce congestion, eliminating the need for traffic lights. How? Will the car be smaller? Go faster? Be driven by satellite? What about parking? Pedestrians crossing?

And also since the Google car will be able to see in the dark, there won’t be any more need for streetlights. How, and why? Streetlights and their early counterparts, gaslights, weren’t developed with cars in mind—they were installed to reduce crime and enable people to stay out later, so that the workday didn’t have to end with sunset. Just because the car doesn’t need outdoor lighting doesn’t mean we won’t, unless we plan on spending our entire waking lives in them.

Again, I have zero problem with the driverless car—more power to it, and good luck to Google. What I take issue with is a serious business writer melting over this like a schoolgirl at a One Direction concert. He ought to know better. He ought to ask how.

Head of Metal Website: www.headofmetal.com https://twitter.com/headofmetal2012
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Tags:
  • google
  • forbes
  • driverless car
  • bonus bananas
  • ask how

Comments

DCDepository's picture

Well, since 90% of traffic

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/26/13 at 1:04pm

Well, since 90% of traffic accidents and/or fatalities are driver error related, it stands to reason that when we transform entirely to automated vehicles we'll cut down on about 90% of accidents.

I see your frustration with the author, but much of what he says will probably come to pass. I can't "prove" it, but since Google and others have mentioned it, this is the kind of stuff they've mentioned--self parking, the ability to drive safely at very high speeds, communication between cars that will allow the computers to run the math when coming to intersections, etc. There's actually a pretty cool animation of this online.

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BTbanker's picture

How difficult would it be for

BTbanker
      IB
 
(Senior Neanderthal, 5,329
 
Points)
 on 2/26/13 at 1:12pm

How difficult would it be for a hacker to drive your car into the Hudson from his laptop?

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

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TeddyTheBear's picture

I read about this. The car

TeddyTheBear
      IB
 
(Gorilla, 570
 
Points)
 on 2/26/13 at 1:14pm

I read about this. The car has traveled thousands of miles across the country and it only had one minor accident. The accident happened when the driver inside the car decided to take over control from the computer and he ended up rear ending another car. Perfect example of driver error.

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DCDepository's picture

We have partially autonomous

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/26/13 at 1:16pm

We have partially autonomous vehicles today. They aren't on an open computer network. We're 20 or 30 years away from them running on an open network. At least at the beginning these vehicles will run on a closed network and a GPS.

But we'd probably be in as much danger of a hacker as we'd be in danger of someone cutting your breaks.

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DCDepository's picture

TeddyTheBear: I read about

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/26/13 at 1:16pm
TeddyTheBear:

I read about this. The car has traveled thousands of miles across the country and it only had one minor accident. The accident happened when the driver inside the car decided to take over control from the computer and he ended up rear ending another car. Perfect example of driver error.

For what it's worth, hundreds of thousands of miles. ;)

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Drew Stockton's picture

Congestion would be reduced

Drew Stockton
      IB
 
(Monkey, 48
 
Points)
 on 2/26/13 at 1:25pm

Congestion would be reduced because cars would be able to communicate with each other and accelerate in unison. I hit slow-downs in traffic all the time that are not caused by accidents or closures, but by thousands of drivers punching the gas and slamming the brakes just to move up a few feet. All of those inefficiencies build on each other and create a jam.

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mehp's picture

a lot of congestion is from

mehp
     
 
(Senior Baboon, 237
 
Points)
 on 2/26/13 at 1:53pm

a lot of congestion is from idiots hitting the breaks instead of just taking their foot off the gas, drives me mental

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Edmundo Braverman's picture

I can explain how it will

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 2/26/13 at 1:58pm

I can explain how it will reduce accidents and fatalities, actually, because I've been through this once before.

Most of you guys are probably too young to remember, but mid-air collisions used to be a BIG problem with aircraft, and it was almost always (and I'm being generous there - it was always) pilot error. Somebody zigged when they should have zagged.

I was consulting for a small regional airline in 1995 when the FAA made it mandatory that all FAR Part 121 carriers retrofit the TCAS system into their aircraft. TCAS stands for Traffic Collision Avoidance System and it basically takes the pilot out of the picture. When the aircraft senses a nearby aircraft the TCAS kicks in and the two aircrafts' TCAS systems decide among themselves who is going to do what. Mid-air collisions are now a thing of the past.

The Google cars that are on the street presently obviously have some sort of TCAS installed, only two decades more advanced. That's how they keep from running into shit. It doesn't communicate with other cars yet (because there aren't enough driverless cars on the road), so my guess is that it's high-speed RADAR based at this point.

Now, to the point that there will be increased collisions in the transition to everyone going driverless: I can see that happening, but I can't imagine it will be worse than current accident stats. On top of that, once everyone is driverless accidents will pretty much be a thing of the past and your drive time will actually become a lot more predictable and productive (yay! more work!).

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DCDepository's picture

Good point, Eddie. We have

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/26/13 at 2:04pm

Good point, Eddie. We have "autonomous" aircraft and commercial aviation in the United States is nearly accident free. I'm not sure there's been a single death since September 11, 2001 in the U.S. on a commercial passenger airliner.

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NorthSider's picture

DCDepository: Good point,

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 2:25pm
DCDepository:

Good point, Eddie. We have "autonomous" aircraft and commercial aviation in the United States is nearly accident free. I'm not sure there's been a single death since September 11, 2001 in the U.S. on a commercial passenger airliner.

American 587 crashed a month after 9/11 and was one of the deadliest crashes in U.S. history. But, of course, that was due to... wait for it... pilot error.

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DCDepository's picture

NorthSider: DCDepository: G

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/26/13 at 2:34pm
NorthSider:
DCDepository:

Good point, Eddie. We have "autonomous" aircraft and commercial aviation in the United States is nearly accident free. I'm not sure there's been a single death since September 11, 2001 in the U.S. on a commercial passenger airliner.

American 587 crashed a month after 9/11 and was one of the deadliest crashes in U.S. history. But, of course, that was due to... wait for it... pilot error.

Pilot error--good point.

Well, close to the same amount of time. It's been a solid decade since a commercial passenger crash in the U.S.

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NorthSider's picture

In The Flesh: How exactly

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 2:44pm
In The Flesh:

How exactly will having a driverless car result in a 90% reduction in accidents and deaths? I get that removing the human element from driving is supposed to cut it down, but how will that work in the interim period between all-human drivers and all-driverless cars? Won’t there be more accidents, not less, as we shift between systems? Automated systems aren’t foolproof by any means, and somebody still has to monitor it and repair it.

Automated systems may not be "foolproof", but they are a hell of a lot better than humans driving the car. On the contrary, I find it hard to believe that, in the long run, there wouldn't be a 90% reduction in auto crashes.

“Come on Flesh, it’s Google—it won’t need that much monitoring,” I can hear the fans interject. “It’ll just work.” Really? Can you explain how?

There is great explanation that has been provided by Google on this matter. There's even an entertaining video where a news reporter is asked to walk in front of the car while it's driving to prove that it would swerve and stop. The reporter was scared to death and barely stepped off the sidewalk and, sure enough, car stopped well short of her. I think human beings are just inherently skeptical of the proposition that a machine could do something better than they.

Another extrapolation from the series here is that we won’t have to purchase our own cars anymore. “The car will just come to you,” the article promises. How?

Imagine a fully autonomous taxi fleet that could be queried on demand via an app. Instead of driving a car to work, you simply have enough cars in an area to meet peak demand and people pay to use a more efficient system of transportation. The average car spends 95% of its lifespan parked - that's incredibly inefficient. Imagine increasing that rate by even a few percent and it has tremendous effects on the cost of transportation.

Another claim is that the driverless car will dramatically reduce congestion, eliminating the need for traffic lights. How? Will the car be smaller? Go faster? Be driven by satellite? What about parking? Pedestrians crossing?

The vast, vast, vast majority of traffic is caused by inefficient driving patters. If you're really interested in this subject, I suggest you read a book called Traffic by Tom Vanderbilt, who goes into great depth about how these phenomena occur. But to keep a long story short, most traffic occurs not because of too little road capacity, but because of the accordion effects assocated with unnecessary braking.

When you're driving in closely connected traffic on the highway, human drivers need to give a significant amount of clearance between their front bumper and the rear of the car in front of them. When the car in front of them taps on the brakes, they do as well, and this filters back through all of the cars driving by that point. These create ripples in the system which ultimately lead to traffic. Moreover, human drivers are inexplicably inefficient at managing traffic flows: one highway might be completely packed with traffic while alternate routes are moving smoothly.

With autonomous cars, traffic can travel near bumper-to-bumper, can navigate around congestion, eliminate unnecessary braking, and significantly reduce one of the prevailing causes of traffic: car accidents.

And also since the Google car will be able to see in the dark, there won’t be any more need for streetlights. How, and why? Streetlights and their early counterparts, gaslights, weren’t developed with cars in mind—they were installed to reduce crime and enable people to stay out later, so that the workday didn’t have to end with sunset. Just because the car doesn’t need outdoor lighting doesn’t mean we won’t, unless we plan on spending our entire waking lives in them.

That we would eliminate street lighting admittedly sounds farfetched - not sure I agree with that.

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NorthSider's picture

DCDepository: NorthSider:

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 2:49pm
DCDepository:
NorthSider:
DCDepository:

Good point, Eddie. We have "autonomous" aircraft and commercial aviation in the United States is nearly accident free. I'm not sure there's been a single death since September 11, 2001 in the U.S. on a commercial passenger airliner.

American 587 crashed a month after 9/11 and was one of the deadliest crashes in U.S. history. But, of course, that was due to... wait for it... pilot error.

Pilot error--good point.

Well, close to the same amount of time. It's been a solid decade since a commercial passenger crash in the U.S.

There have definitely been others in the last decade (Comair 5191 in 2006 and Colgan 3407 in 2009 come to mind - both due to pilot error), but your point is definitely true: crashes have been significantly reduced by technology, and the ones that remain are usually a result of

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NorthSider's picture

NorthSider: There have

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 2:57pm
NorthSider:

There have definitely been others in the last decade (Comair 5191 in 2006 and Colgan 3407 in 2009 come to mind - both due to pilot error), but your point is definitely true: crashes have been significantly reduced by technology, and the ones that remain are usually a result of

Also Chalk's 101 in 2005 due to metal fatigue. Sorry, I have a strange obsession with plane crash documentaries. And there was a Southwest plane that slid off the runway at Midway due to pilot error.

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BTbanker's picture

If you guys have driven in

BTbanker
      IB
 
(Senior Neanderthal, 5,329
 
Points)
 on 2/26/13 at 3:03pm

If you guys have driven in any recent luxury cars like an s class or a8, you'd know they already have much of these technologies in place.

You can merge on the highway, set the cruise, and never touch the break even if you have to come to a complete stop. The car detects another car in front of it and will never collide.

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

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APAE's picture

BTbanker: If you guys have

APAE
     
 
(Neanderthal, 3,660
 
Points)
 on 2/26/13 at 5:30pm
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A lot of people do certain things to add days to their life. I do things to add life to my days.

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SureThing's picture

DCDepository: But we'd

SureThing
      RE
 
(Baboon, 102
 
Points)
 on 2/26/13 at 7:33pm
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Edster's picture

Minor glitch -> system

Edster
      AM
 
(Senior Chimp, 26
 
Points)
 on 2/26/13 at 7:42pm
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NorthSider's picture

SureThing: DCDepository: Bu

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 7:44pm
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NorthSider's picture

Also, just to assuage any

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 7:47pm
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AgentBishop's picture

NorthSider: SureThing: DC

AgentBishop
     
 
(Senior Chimp, 28
 
Points)
 on 2/26/13 at 9:00pm

73 good sir!

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SureThing's picture

NorthSider: You're missing

SureThing
      RE
 
(Baboon, 102
 
Points)
 on 2/26/13 at 9:07pm
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NorthSider's picture

SureThing: Oh... and with the

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/26/13 at 10:46pm
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CaR's picture

Not worried about Google

CaR
      O
 
 
(Gorilla, 643
 
Points)
 on 2/26/13 at 11:37pm

I tell you, we are here on Earth to fart around, and don't let anybody tell you different.
Kurt Vonnegut

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mhart1119's picture

Not in the US, but there was

mhart1119
     
 
(Chimp, 12
 
Points)
 on 2/26/13 at 11:47pm
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NorthSider's picture

mhart1119: Not in the US, but

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/27/13 at 12:07am
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APAE's picture

NorthSider: mhart1119: Not

APAE
     
 
(Neanderthal, 3,660
 
Points)
 on 2/27/13 at 1:47am

A lot of people do certain things to add days to their life. I do things to add life to my days.

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HumPiranha88's picture

I hope there's going to be

HumPiranha88
      ER
 
 
(Baboon, 129
 
Points)
 on 2/27/13 at 2:39am
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blackrainn's picture

mhart1119: Not in the US, but

blackrainn
      O
 
(Orangutan, 354
 
Points)
 on 2/27/13 at 9:35pm
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NorthSider's picture

blackrainn: mhart1119: Not

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/27/13 at 10:55pm
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RedWood's picture

the person behind the wheel

RedWood
      O
 
(Senior Chimp, 16
 
Points)
 on 2/27/13 at 11:37pm
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NorthSider's picture

RedWood: the person behind

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/27/13 at 11:50pm
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mhart1119's picture

How do you figure a computer

mhart1119
     
 
(Chimp, 12
 
Points)
 on 2/28/13 at 12:10am
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DCDepository's picture

mhart1119: How do you figure

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/28/13 at 2:00am
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DCDepository's picture

SureThing: DCDepository: Bu

DCDepository
      O
 
(Senior Orangutan, 403
 
Points)
 on 2/28/13 at 2:06am
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brutalglide's picture

Speaking from the point of

brutalglide
      VC
 
(Senior Orangutan, 449
 
Points)
 on 2/28/13 at 9:25am
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NorthSider's picture

mhart1119: How do you figure

NorthSider
      IB
 
 
(King Kong, 1,686
 
Points)
 on 2/28/13 at 11:04am
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When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

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.

PRIVACY POLICY

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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  • Hey Monkeys, I'll be starting work at one of the MNCs located in Hammersmith, London later this year. For the sake of convenience for work, I've considered living in Hammersmith (near the tube station). For those of you who live or have lived in London - what are your thoughts on...
    Working in London (Hammersmith) - suggestions on where to live?
  • My overall gpa will prob be a 3.7/4.0 and I go to a UCLA/USC/Berkeley. Think I still have a good chance for SA recruiting?...
    Got a B in corporate finance...
  • 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, mostly...
    A Perfect Storm
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    Suggestion for company database
  • Hi guys, I am a small Asian guy (5'7'') and as I am looking for dresses for my summer internship I got into trouble finding the shirts and pants that fit me. For example there were no shirts with 30 inch long sleeves ( the smallest one was 32). Desprerately enough I looked at...
    Dress for small guys
  • Are brand name glasses too fashionable for banking? How bout the thicker framed glasses? I was thinking of getting something along the lines...
    Prescription Glasses
  • Hello, I am just looking for some opinions on Economics degrees, that is my major and I would like to know how Financial and Accounting firms and departments (in companies) view this degree. Please share what you think or your experience. Non target school and mediocre GPA...
    Economics major
  • Hello fellow monkeys. A few weeks ago I was admitted, and have now formally accepted my transfer admission from a community college into UCLA's Business Economics program for this fall. I've started thumbing through the catalog of courses for my major (and a potential minor in accounting)...
    UCLA Biz Econ Reviews?
  • With the great acceleration of WSO Certified Users has come an awesome collection of interviews, general Q&As and AMAs that we have compiled into 1 place. If you hover over the FAQ menu above and click "Best Interviews", you will find an awesome array of Q&As from some of WSOs...
    Best Q&As and Interviews on WSO
  • Can anyone chime in on working this...
    Piper Jaffray Public Finance?
  • I went to a career event at my school and a senior manager at a consulting firm was speaking there. We talked for a bit after and he gave me his business card. I'm looking for a summer internship - how do I make use of this card? Also, do large firms/companies ever hire interns unofficially...
    Got a business card at a school event - how to ask for an internship?
  • Hey guys, So I am very new to this....I know about the CFA and the CPA , but I recently read something about some ''series'' exams, such as series 7 and what not, and it sounds like taking and passing those would be easier and cheaper for someone with no background in...
    Series....series... 1, 2 3, 6, 9, damn you are fine
  • I'm a 1st year undergraduate med student in the UK at a top 3 med school. I had a tough time deciding between medicine and business but i chose medicine. This summer i'm doing neurology research (will be using excel) but i'm also interested in doing some sort of summer internship at...
    med student interested in summer job
  • I did a search function as well as read the article on M&I and damn, corporate banking at a BB seems incredible! Pros: - Compensation: Same base as IBD, slightly discount in bonus (kind of like ECM/DCM level bonus). - Hours: 9am ~ 7~8pm (for juniors) - Exit Opps: Since it focuses a...
    Why aren't people aiming Corporate Banking?
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Upcoming Events

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Highest Ranked Content

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I used to work with a guy that had everything on the surface, but absolutely nothing inside. The guy was 6 feet tall, good-looking, charismatic, multi-lingual, graduated from a top business school, and had made MD at a bulge bracket investment bank. Yet he couldn’t remember the last time he...
How to Develop a Personality
<em>Mod note (Andy): we vetted this user to confirm his identity/status and yes in fact he is who he says he is, and is eager to answer your questions :)</em> Bio: I decided to join WSO to help both students and young professionals advance in their Finance careers, whether that be...
I'm an MD and I run the Sales division: Ask Me Anything
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
You've just gotten that promotion and now you're in charge of a small team. Congratulations! And welcome to middle management. All the hard work and the knowledge you've developed about everything your firm does these past few years has been noticed. But, now you have a small...
7 Things I've Learned About Being A Manager
Assuming that you have access to no financial products such as FactSet, Bloomberg, CapitalIQ, Thomson or otherwise, thought it would be helpful to give a step by step guide on how to ramp up on a new company from your home computer. Using FaceBook as an example. Lets go ahead and start with the...
Basic Guide Ramping Up On A Company With Public Information (Part 1 of 3)
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)
<em>“You know, In The Flesh,”</em> a WSO monkey told me at a recent Happy Hour, <em>“that gentleman’s book is the real deal. I ordered that shit on Amazon as soon as I read your review. It’s so right, man. I want to be like that: keep my word, honor my commitments, be...
Being A Gentleman, Revisited
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> There I go...
In Praise Of High Interest Rates
You guys are gonna have to get me caught up because I have literally been living in a cave for the past week. Well, several caves, but I'll get to that in a minute. I just got back from what was possibly the <em>least</em> relaxing (but most interesting) vacation of my life. In...
I Spent the Past Week in a Cave
That included Brady having a breakdown because he still couldnt get into Harvard. And then me getting my certified user status revoked and being really upset about it. Signs my life is pathetic? I think so.
Had a dream about WSO
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