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Wall Street Oasis » Blogs » Yuriy A's blog
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HappyPantsMcgee the Interview.
 

Yuriy A's picture
Yuriy A
      AM
 
 
(Senior Baboon, 244
 
Points)
 on 8/3/12 at 7:30am
interview.jpg

I’ve been fortunate enough to meet HPM two years ago at the first Energy Rodeo in Houston and recently had the opportunity to ask him some questions which the WSO audience could find useful. HPM works in strategy at a top 5 bank. Primarily his group concentrates on product and regulatory strategy with a focus on credit and balance generation.

Monkeys are always looking for advice, what do you have to offer?
To undergrads:
A lot of you dudes need to chill. I understand that the economy sucks, you have 100k in loans and you're scared but no one is going to help you out if you can't control (or at least conceal) your urgency. I got a PM the other day that just said: 'Firm Name' - I am interviewing what are you guys going to ask me? The fuck kind of way to address someone is that? Be calm, personable and offer to buy me a beer. I guarantee you I will take you up on it if I don't think you're going to dry hump my leg or stab me when I get there.

To those of you just starting work:
You can't take yourself too seriously because someone is going to crush you at some point. It doesn't matter how awesome and smart you think you are, at some point you are going to get crushed. The way you handle this will define how a lot of people think about you. At the risk of outing myself, I once got dressed down in a rather large meeting by a senior director for a very silly error. It sucked and was something I obviously should have fixed but I worked late, fixed it and sent it to him that day. He told me later that he remembered getting the email from me with revisions late that night more than he remembered the error. Food for thought.
Oh, and people that make excuses are the worst people on earth to work with. Don't do that.

What advice would you give to a new hire entering into your industry?
First and foremost, you don't know anything. There is going to be an astronomical learning curve when you start and you won't even be able to hold an intelligent conversation for a couple of months. The ins and outs of the way the products we use are structured take time to understand and that’s ok. No one expects you to be a world beater on day one but you have to keep learning. Don't ask the same question twice. Try to find places where the answers you already have could apply and use a little trial and error. You're new so nothing you work on is going to be mission critical to the point that fucking it up will hurt our P&L. Relax, and learn.

What do you do in your free time to maintain the work-life balance?
I'm a pretty big fan of going to the gym so that’s probably the number one way I blow off steam. Outside of that and the usual drink with friends, I'm working on a novel and trying to decide when I should apply to business school. I'm also a huge fan of target shooting and do that every other weekend or so. The trick is to find a couple of things that you can use to balance out the nonsense from the week. If I'm really pissed off about something, I'll go to the gym and wreck myself. If I'm generally frustrated with work or the lady friend, I'll go and punch holes in some paper terrorists. If I'm just looking for something to do, I'll read or write. Its all just a matter of finding that one thing that you can go to in any given situation.

If you weren’t working in your field right now, what would you be doing?
I would probably be active duty in the military or working abroad as a contractor of some kind but neither of those things sound at all appealing to me at the moment.

Can you provide a quick run-down of what your daily responsibilities are like?
Completely depends. Day to day, I could be doing anything from visiting a third party vendor in Asia or the West Coast to running historical credit impacts of various metrics. There are very few days where I do the same thing I did the day before. I'm currently responsible for an intern so that makes my day a little different as well. Generally, I'll have a presentation every week or so and most of the week is spent preparing for that. While the content of the deck I'm presenting may change, the cycle of analysis, presentation, revisions, is pretty constant. I have also had a great deal of regulator interaction recently which, while miserable, is a great chance to learn a great deal in a very short amount of time.

Are there any specific personality traits that separate a successful worker in your industry versus other paths within finance?
It’s pretty hard to come up with anything here that is meaningfully different from a lot of other finance roles. Attention to detail, mathematical ability, and the ability to stare at excel for extended periods is always a good start. The one difference I would say is that in strategy you have to have the ability to work in white space better than a traditional finance or banking role. You might get something as vague as 'we need a product for customers that have XYZ characteristics that can bring them into the company earlier in their financial life cycle." There are clearly countless ways to do that so being able to sift through the BS and make a coherent plan is critical. Bottom line though, if you're intelligent and self motivated, you can do well here.

You have been around WSO since the beginning, can you let the readers know how WSO helped you with whatever it helped you with and how new users can use WSO to help themselves in job/bschool etc..?
To answer the first portion of the question, I actually got my current role through another WSO user but I think the important thing that WSO showed me was just how many options there are in finance. So many fields that I didn't even know existed were suddenly available to me and I never would have known about them before coming to WSO. I have also had the good fortune to meet various posters throughout my time here and they have proven to be great resources. Monty, CompBanker, TNA, Midas (RIP) all were very interesting people with great insight on a variety of issues.

See my other WSO blog posts
  • interview
  • hpm
  • happypantsmcgee
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Comments

Neighbor's picture

Good stuff HPM

Neighbor
      IB
 
(King Kong, 1,236
 
Points)
 on 8/1/12 at 12:48pm

Good stuff HPM

I didn't say it was your fault, I said I was blaming you.

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That_Aston's picture

Most down to earth and

That_Aston
      CF
 
(Gorilla, 575
 
Points)
 on 8/1/12 at 12:55pm

Most down to earth and helpful interview yet.

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

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Cmoss's picture

HPM is a no bullshit guy, i

Cmoss
      O
 
(Senior Orangutan, 491
 
Points)
 on 8/1/12 at 12:56pm

HPM is a no bullshit guy, i cant wait for his follow up answers to some SA's questions in here.

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txjustin's picture

HPM is a very cool and

txjustin
      O
 
(Neanderthal, 2,473
 
Points)
 on 8/1/12 at 1:02pm

HPM is a very cool and knowledgable guy. Having met him once, he's also funny as hell. Cheers bud..

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SF_Reg's picture

What happened to Midas? Is he

SF_Reg
     
 
(Senior Monkey, 94
 
Points)
 on 8/1/12 at 1:03pm

What happened to Midas? Is he ever coming back?

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WallStreetOasis.com's picture

great interview! thanks HPM,

WallStreetOasis.com
      EN
 
 
(Human, 12,192
 
Points)
 on 8/1/12 at 1:52pm

great interview! thanks HPM, some words of wisdom in there.

WSO Conference 2013

Private Certified User Chat

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D M's picture

He's kinda my hero.

D M
      O
 
(Senior Neanderthal, 5,009
 
Points)
 on 8/1/12 at 2:26pm

He's kinda my hero.

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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happypantsmcgee's picture

Sorry I haven't been around

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 8/1/12 at 2:27pm

Sorry I haven't been around to answer questions, guys. I am in a meeting all day today and tomorrow but leave whatever here and Ill get back to it.

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

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Edmundo Braverman's picture

Great stuff, Happy.

Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 8/1/12 at 2:42pm

Great stuff, Happy.

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keensetofpeepers's picture

Yuriy A: If you weren’t

keensetofpeepers
     
 
(Baboon, 147
 
Points)
 on 8/1/12 at 2:51pm
Yuriy A:

If you weren’t working in your field right now, what would you be doing?
I would probably be active duty in the military or working abroad as a contractor of some kind but neither of those things sound at all appealing to me at the moment.

love it!

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blastoise's picture

love you happy

blastoise
      O
 
(Senior Neanderthal, 4,378
 
Points)
 on 8/1/12 at 3:30pm

love you happy

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mapr89's picture

Great stuff.... Thanks!

mapr89
      PE
 
 
(Baboon, 102
 
Points)
 on 8/1/12 at 3:33pm

Great stuff.... Thanks!

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Nefarious-'s picture

Fuck HPM :D

Nefarious-
      CF
 
(Neanderthal, 2,218
 
Points)
 on 8/1/12 at 5:25pm

Fuck HPM :D

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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soccerlife11's picture

HPM, let me buy you a beer,

soccerlife11
      IB
 
(Monkey, 39
 
Points)
 on 8/1/12 at 5:49pm

HPM, let me buy you a beer, I'll leave the leg humping at home.

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In reply to Nefarious-
happypantsmcgee's picture

Nefarious-: Fuck HPM

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 8/1/12 at 10:02pm
Nefarious-:

Fuck HPM :D

Please don't.

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

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chicandtoughness's picture

Great advice here, especially

chicandtoughness
      CS
 
 
(Senior Gorilla, 985
 
Points)
 on 8/1/12 at 10:46pm
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"Accept no one's definition of your life; define yourself."
Currently: PR/MarComm/IMC, semipro dancer, academiphile, Crafter of Stars

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twinb's picture

Thanks, loving these

twinb
     
 
(Monkey, 32
 
Points)
 on 8/2/12 at 5:09am
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Hooked on LEAPS's picture

Did you go to a target or

Hooked on LEAPS
      ER
 
(Senior Gorilla, 805
 
Points)
 on 8/2/12 at 11:54am

You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. - Friedrich Nietzsche

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In reply to Callus
Otter.'s picture

Callus: but where has Midas

Otter.
      CD
 
 
(Gorilla, 561
 
Points)
 on 8/2/12 at 12:07pm

Hi, Eric Stratton, rush chairman, damn glad to meet you.

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In reply to happypantsmcgee
D M's picture

happypantsmcgee: Nefarious-

D M
      O
 
(Senior Neanderthal, 5,009
 
Points)
 on 8/2/12 at 12:07pm

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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monty09's picture

Happy is a great guy to hang

monty09
      EN
 
 
(Senior Neanderthal, 5,426
 
Points)
 on 8/2/12 at 3:27pm

WSO Conf - June 29, 2013

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In reply to monty09
D M's picture

monty09: Happy is a great guy

D M
      O
 
(Senior Neanderthal, 5,009
 
Points)
 on 8/2/12 at 3:52pm

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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Rich_215's picture

helpful, thanks!

Rich_215
     
 
(Chimp, 15
 
Points)
 on 8/2/12 at 5:25pm
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See_ya's picture

Good info, really liked the

See_ya
      O
 
(Senior Chimp, 28
 
Points)
 on 8/3/12 at 12:20am
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See_ya's picture

Btw nobody is fucking with

See_ya
      O
 
(Senior Chimp, 28
 
Points)
 on 8/3/12 at 12:19am
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In reply to monty09
happypantsmcgee's picture

monty09: Happy is a great guy

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 8/3/12 at 10:15am

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

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happypantsmcgee's picture

Haha, just realized I got

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 8/3/12 at 10:18am

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

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D M's picture

Someone's been shitting on

D M
      O
 
(Senior Neanderthal, 5,009
 
Points)
 on 8/3/12 at 11:39am

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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Senvik's picture

Thank you HPM. Nice job

Senvik
     
 
(Senior Baboon, 187
 
Points)
 on 8/3/12 at 12:02pm

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

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In reply to happypantsmcgee
fifteen's picture

happypantsmcgee: Sorry I

fifteen
      O
 
(Senior Monkey, 97
 
Points)
 on 8/9/12 at 4:44am
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In reply to fifteen
happypantsmcgee's picture

fifteen: happypantsmcgee: S

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 8/9/12 at 8:57am

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

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

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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.

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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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  • Thoughts on this? Heister brings up a good question: <em>"Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"</em> via Bloomberg: <strong>Obama Says Bernanke Has Been at Fed...
    Bye Bye Bernanke? Who Would Be Next?
  • So I've been thinking about looking into getting a part time internship at an AM firm at my college town during the fall semester to buff my resume up a little more for recruiting. My schedule isn't too tough, and I'd probably be able to do around 20-30 hours a week if I include...
    Part Time AM Internship
  • For those of you analysts that wear glasses or contacts... which of the two would you recommend? Forget about the way glasses look.... for the purposes of comfort and practicality, are one them easier on the eyes at 2am after staring at a screen for 10 hours? I'm afraid contacts might dry...
    Glasses or Contacts?
  • Did a pretty extensive search but there wasn't too much information out there. Can anyone provide some color on the pay/lifestyle/exit opps at internal strategy/M&A desks at BBs? It seems like at some banks, this desk is more of a back office role with very good hours but minimal...
    Internal strategy and M&A at a BB
  • Proposed Answer: The pay is atrocious, there is virtually no promotion potential, and the work is not challenging enough. Is this a good answer? If I was to give one answer, which one is...
    "What is the worst part of your job" interview question
  • So all new users to WSO get 6 free financial modeling lessons, 5 of my best tips for networking and my best tips for interviewing over the first month of being a user. Tonght I got a response from one of my networking tips e-mails from a slightly older gentleman that is a "financial...
    Why is this Quant so Angry and So Out of Touch?
  • Assume no CD experience pre-MBA. My thoughts are that working in CD requires making long-term investments (albeit strategic/operational, as opposed to financial), so it may force one to think like a long-term owner, a la value-oriented investing. If possible, how long should it take in CD...
    Post-MBA Corporate Development --> Fundamental/Value HF ... good path to try?
  • Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well. Please PM me....
    PE recruiting resources
  • Hi all - As i have been looking through this site, i have found their seems to be a lack on anything Australian. While that is understandable seeming as the industry is US focused, i thought i'd take the opportunity to try and develop a useful collection of tid-bits and facts by sharing...
    Answering Australian I-Banking Questions!
  • As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties. But...
    Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing
  • ...
    -
  • Hi everyone, I got admitted in the MSF programs at Olin and McCombs recently. Both B.schools are well recognized in their respective regions but I am very confused because of the following factors. Any suggestions will be highly appreciated. I would like to work in IB/ Asset Management. I...
    McCombs MSF or Olins MSF(corp track)
  • Is it possible to get sponsored for series 7 as an undergraduate intern? The company is indeed a member of FINRA. Was thinking of reaching out to one of the executives. Any advice or suggestions are greatly...
    Series 7 while on undergrad internship
  • I've supposedly had one unread PM since registering... but there's clearly no new messages there. Not a big deal but it is annoying, any way to fix...
    "1 unread message"
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Upcoming Events

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    Jun 20 2013 - 8:00am - Jun 22 2013 - 5:00pm
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  • Financial and Valuation Modeling Boot Camp (San Francisco)
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Highest Ranked Content

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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
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)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
<em>Mod Note: Blast from the Past - "Best of Eddie" - This one is from June 2011.</em> <em><strong><u>Freeriding</u> :</strong> The illegal activity of buying a stock and selling it before paying for the purchase.</em> - <a...
Come On and Take a Free Ride
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Why would you NOT go to the 2013 WSO Conference?
N/A - Already bought my ticket, see you there!
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