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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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How Much Do You Drink?
 

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Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,408
 
Points)
 on 5/7/12 at 8:00am
drunk-urinal.jpg

"If you took all the heavy drinkers out of finance, you'd be left with like two bond analysts and an ATM machine."

I actually laughed out loud when I heard the above quote on last week's episode of Blue Bloods (great show, by the way). Detective Danny Reagan was questioning a couple of BSD's at what appeared to be a pseudo-boiler room over the ring death of a young associate in a boxing match they'd set up. He asked if the kid was a heavy drinker and that's what they told him.

It was certainly true in my day. We even had a semi-rigid drinking schedule worked out: Monday through Thursday you'd have a few drinks to calm down at get to sleep at night. I'd like to say a couple of glasses of wine with dinner, but we were always in the office for dinner. Friday was always a big day. Friday was the day you got annihilated after the close. The market closed at 1 in the afternoon in California, and we were in the bar by 1:30. Friday afternoons were all about blowing off steam by power drinking until you blacked out.

Saturday was the one day of the week that you were actually social. There would usually be a dinner of some kind with friends (although after awhile your only friends were other finance guys and their dates) followed by a party of some kind. The drinking that went on Saturday nights was a little more refined than the Friday blowout.

Sundays (at least at the beginning of my career) were spent at the park near my house with my dog, a blanket, a 6-pack, and whatever Napolean Hill-esque You'll-Be-A-Billionaire-Someday book I was reading that week. About 3 in the afternoon I'd start dreading the week ahead of me so I'd switch up to gin and tonic or rum and coke and then start the whole process over again.

I'm wondering if it's similar on the Street today. Is drinking a part of your everyday life? I've often thought that the bar for alcoholism needs to be raised for those working in finance. The rule of thumb seems to be that if you consistently have two units of alcohol per day (2 beers, 2 shots, etc...) that you're an alcoholic. I just don't think that's realistic for those in finance, at least not when I was doing it. Maybe five a day is a better number. Or maybe I'm just a drunk.

Of course, if you listen to Alcoholics Anonymous (who are no doubt shilling for new members) everyone is an alcoholic. Here is their 20-question test. If you answer just one of the questions in the affirmative, you might be an alcoholic. Two and you're probably an alcoholic; three and you're definitely an alcoholic (according to AA, anyway).

Has the boozy culture of Wall Street changed over the years? Do you guys still drink every night after work? How many drinks do you usually have in a week?

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Tags:
  • drinking culture

Comments

AndyLouis's picture

is that flake in your

AndyLouis
     
 
 
(Senior Neanderthal, 5,827
 
Points)
 on 5/7/12 at 7:50am

is that flake in your picture?

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

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UFOinsider's picture

The less I drink, the more I

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 8:05am

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

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

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Johnny Ringo's picture

Sounds about right on the

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 8:24am

Sounds about right on the drinking....I dont know about you but the Blow is a little bit more pure now (so I hear)

Eventus stultorum magister.

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Unforseen's picture

a lot but I drank wayyyy more

Unforseen
     
 
 
(King Kong, 1,099
 
Points)
 on 5/7/12 at 8:27am

a lot but I drank wayyyy more in undergrad...even more in highschool.

I went from Grain Alcohol and spiritual drinks (actually made from indians) > Bacardi 151 > craft beer and watered down rum and cokes

Check out my Blog

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Oreos's picture

UFOinsider: The less I drink,

Oreos
      HF
 
 
(Neanderthal, 2,459
 
Points)
 on 5/7/12 at 8:27am
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

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Whgm45's picture

Definitely drink 4-5 days a

Whgm45
      ST
 
(Orangutan, 301
 
Points)
 on 5/7/12 at 8:42am

Definitely drink 4-5 days a week, it seems to be part of the culture in finance. As long as you work out and don't get blackout, it's not too bad.

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captainkoolaid's picture

gucci

captainkoolaid
      HF
 
 
(Gorilla, 599
 
Points)
 on 5/7/12 at 8:42am

gucci

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UFOinsider's picture

Oreos: UFOinsider: The less

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 8:46am
Oreos:
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

Drink deep the koolade, kid

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

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Oreos's picture

UFOinsider: Oreos: UFOins

Oreos
      HF
 
 
(Neanderthal, 2,459
 
Points)
 on 5/7/12 at 9:03am
UFOinsider:
Oreos:
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

Drink deep the koolade, kid

Do one with your kid shit! Get off your high horse, not everyone is unhappy, stop spreading your bum-out.

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Anacott_CEO's picture

A lot

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 5/7/12 at 8:49am

A lot

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Johnny Ringo's picture

Unforseen: a lot but I drank

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 8:51am
Unforseen:

a lot but I drank wayyyy more in undergrad...even more in highschool.

I went from Grain Alcohol and spiritual drinks (actually made from indians) > Bacardi 151 > craft beer and watered down rum and cokes

I bet you lost your virginity at 12 years old and are on pace to break Wilt the Stilts record.

Eventus stultorum magister.

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Addinator's picture

A lot. I wouldn't call it

Addinator
      ST
 
 
(Senior Gorilla, 936
 
Points)
 on 5/7/12 at 9:03am

A lot. I wouldn't call it everyday but I certainly would qualify as an alcoholic according to that test, although I'd imagine very few people wouldn't in some way or another. In a somewhat related note, I have read studies before that show that the abuse of drugs and alcohol is much higher among those with higher IQ's. Interesting, considering along with high stress alcohol and drugs is a pretty solid coping mechanism.

Contact: [email protected]
See my other blog posts

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UFOinsider's picture

Oreos: UFOinsider: Oreos:

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 9:03am
Oreos:
UFOinsider:
Oreos:
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

Drink deep the koolade, kid

Fuck off with your kid shit! Get off your high horse, not everyone is unhappy, stop spreading your bum-out.

(1) You're easily a decade younger than me and (2) I'm happier now than I've ever been. I was a heavy drinker for years and now that I've pretty much cooled it, I'm not so hellbent on taking over the world. I'm just thinking of finding a less hectic job, perhaps within finance, maybe not.

I fail to see how's that's so bad? Cool your tits, buddy.

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

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Oreos's picture

UFOinsider: Oreos: UFOins

Oreos
      HF
 
 
(Neanderthal, 2,459
 
Points)
 on 5/7/12 at 9:05am
UFOinsider:
Oreos:
UFOinsider:
Oreos:
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

Drink deep the koolade, kid

Fuck off with your kid shit! Get off your high horse, not everyone is unhappy, stop spreading your bum-out.

(1) You're easily a decade younger than me and (2) I'm happier now than I've ever been. I was a heavy drinker for years and now that I've pretty much cooled it, I'm not so hellbent on taking over the world. I'm just thinking of finding a less hectic job, perhaps within finance, maybe not.

I fail to see how's that's so bad? Cool your tits, buddy.

Dude I don't care about your drinking, I'm just pretty bored of every post of yours being an invite to the UFO pitty party, no one wants to hear it.

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UFOinsider's picture

Oreos: UFOinsider: Oreos:

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 9:11am
Oreos:
UFOinsider:
Oreos:
UFOinsider:
Oreos:
UFOinsider:

The less I drink, the more I consider the long term, and I don't see Wall Street in that future. Lately I haven't been drinking at all and I consider becoming an accountant, being a part time financial advisor, and spending weekends hiking. Who knows, I might actually have time for friends and family.

I might even get a dog.

Dude, you're the biggest bum-out on WSO.

Drink deep the koolade, kid

Fuck off with your kid shit! Get off your high horse, not everyone is unhappy, stop spreading your bum-out.

(1) You're easily a decade younger than me and (2) I'm happier now than I've ever been. I was a heavy drinker for years and now that I've pretty much cooled it, I'm not so hellbent on taking over the world. I'm just thinking of finding a less hectic job, perhaps within finance, maybe not.

I fail to see how's that's so bad? Cool your tits, buddy.

Dude I don't care about your drinking, I'm just pretty bored of every post of yours being an invite to the UFO pitty party, no one wants to hear it.

How about fuck you? Get some sleep and ease off on the coffee, tough guy. Or meet me at the corner of Wall and Broad at 5PM today so I can fuck you up.

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

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Oreos's picture

UFOinsider: How about fuck

Oreos
      HF
 
 
(Neanderthal, 2,459
 
Points)
 on 5/7/12 at 9:13am
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Frieds's picture

Eddie - very heavily. I still

Frieds
      AM
 
 
(Neanderthal, 2,530
 
Points)
 on 5/7/12 at 9:15am
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happypantsmcgee's picture

Out after work ~2 days a week

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 5/7/12 at 9:19am

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

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UFOinsider's picture

Oreos: UFOinsider: How

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 9:20am

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

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Oreos's picture

UFOinsider: Oreos: UFOins

Oreos
      HF
 
 
(Neanderthal, 2,459
 
Points)
 on 5/7/12 at 9:27am
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UFOinsider's picture

Oreos: a light hearted

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 5/7/12 at 9:30am

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

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Johnny Ringo's picture

Who dabbles in the bah-say,

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 9:31am

Eventus stultorum magister.

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Edmundo Braverman's picture

UFOinsider: Oreos: UFOins

Edmundo Braverman
      ST
 
 
(Human, 14,408
 
Points)
 on 5/7/12 at 9:32am

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Angus Macgyver's picture

(No subject)

Angus Macgyver
      IB
 
(Gorilla, 716
 
Points)
 on 5/7/12 at 9:40am
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Buddyfox's picture

Too much

Buddyfox
      O
 
(Senior Orangutan, 499
 
Points)
 on 5/7/12 at 9:45am

See my Monday Morning Brainteasers

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Bobby Digital's picture

For me personally, an average

Bobby Digital
     
 
(Senior Monkey, 94
 
Points)
 on 5/7/12 at 9:46am
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In The Flesh's picture

Only a couple of beers spread

In The Flesh
      HF
 
 
(Neanderthal, 2,813
 
Points)
 on 5/7/12 at 10:00am

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

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sick_willy's picture

Drink way more frequently

sick_willy
      PE
 
(Senior Orangutan, 434
 
Points)
 on 5/7/12 at 10:01am

---------------------------
BossMode

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streetwannabe's picture

I'm not sure if it's

streetwannabe
      AM
 
(King Kong, 1,338
 
Points)
 on 5/7/12 at 10:03am

"History doesn't repeat itself, but it does rhyme."

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Maximus Decimus Meridius's picture

Couple of gin tonics 2-3 days

Maximus Decimus...
      ST
 
 
(Gorilla, 631
 
Points)
 on 5/7/12 at 10:18am
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AndyLouis's picture

I can hold my own, one night

AndyLouis
     
 
 
(Senior Neanderthal, 5,827
 
Points)
 on 5/7/12 at 10:42am

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

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trailmix8's picture

I was usually so burned out

trailmix8
      AM
 
 
(Senior Gorilla, 931
 
Points)
 on 5/7/12 at 10:44am
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Johnny Ringo's picture

Who does Blow and how often?

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 11:02am

Eventus stultorum magister.

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Unforseen's picture

Johnny Ringo: Unforseen: a

Unforseen
     
 
 
(King Kong, 1,099
 
Points)
 on 5/7/12 at 11:08am

Check out my Blog

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mb666's picture

Charlie Sheen said that AA

mb666
      VC
 
 
(Gorilla, 687
 
Points)
 on 5/7/12 at 11:09am
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Johnny Ringo's picture

Unforseen: Johnny

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 11:13am

Eventus stultorum magister.

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go.with.the.flow's picture

My tolerance now is pretty

go.with.the.flow
      EN
 
(King Kong, 1,109
 
Points)
 on 5/7/12 at 11:35am

|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||

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IlliniProgrammer's picture

I am now trying to cut back.

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/7/12 at 11:40am

Work hard, play hard.

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mb666's picture

In college I drank during the

mb666
      VC
 
 
(Gorilla, 687
 
Points)
 on 5/7/12 at 12:03pm
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Edmundo Braverman's picture

This made me LOL and it's

Edmundo Braverman
      ST
 
 
(Human, 14,408
 
Points)
 on 5/7/12 at 12:04pm

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allaboutthefight's picture

UFOinsider: Oreos: UFOins

allaboutthefight
     
 
(Monkey, 53
 
Points)
 on 5/7/12 at 12:16pm

"death is nothing, but to live defeated is to die everyday" ~Napolean Bonaparte

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Frabjous's picture

I basically don't drink

Frabjous
      CO
 
(Senior Baboon, 222
 
Points)
 on 5/7/12 at 12:16pm
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cheese86's picture

Drink hard Fri and Sat,

cheese86
      HF
 
(Gorilla, 577
 
Points)
 on 5/7/12 at 12:18pm
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Johnny Ringo's picture

Come on dewey, join the

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 12:20pm

Eventus stultorum magister.

  • 0
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drexelalum11's picture

If I'm not at work, I'm

drexelalum11
      O
 
(Neanderthal, 3,635
 
Points)
 on 5/7/12 at 12:28pm

Modeling Training
Finance Interviews Guide
Resume Review

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cheese86's picture

My problem is that I really

cheese86
      HF
 
(Gorilla, 577
 
Points)
 on 5/7/12 at 12:33pm
  • 0
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duffmt6's picture

drexelalum11: If I'm not at

duffmt6
      IB
 
 
(Neanderthal, 2,329
 
Points)
 on 5/7/12 at 12:50pm

"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie

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Nobama88's picture

I used to drink heavily.

Nobama88
      RE
 
 
(King Kong, 1,676
 
Points)
 on 5/7/12 at 1:15pm

Need to Land a Job? Click Here.

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aempirei's picture

Pretty much just a weekend

aempirei
      IB
 
(Gorilla, 726
 
Points)
 on 5/7/12 at 1:14pm

My name is Nicky, but you can call me Dre.

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Johnny Ringo's picture

Cacaine doesn't give you a

Johnny Ringo
      HF
 
(Senior Orangutan, 474
 
Points)
 on 5/7/12 at 1:42pm

Eventus stultorum magister.

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The contents of this Web Site, such as text, graphics, images, logos, button icons, software and other items (collectively, "Material"), are protected under both United States and foreign copyright, trademark and other laws. All Material is the property of the Company or its content suppliers or clients. The compilation (meaning the collection, arrangement and assembly) of all content on this Web Site is the exclusive property of the Company and protected by U.S. and international copyright laws. Unauthorized use of the Material may violate copyright, trademark, and other laws. You must retain all copyright, trademark, service-mark and other proprietary notices contained in the original Material on any copy you make of the Material. You may not sell or modify the Material or reproduce, display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of the Material on any other web site or in a networked computer environment for any purpose is prohibited.

You shall not copy or adapt the HTML code that the Company creates to generate its pages. It is also protected by the Company?s copyright.

Acceptable Site Use.

General Rules: Users may not use the Web Site in order to transmit, distribute, store or destroy material (a) in violation of any applicable law or regulation, (b) in a manner that will infringe the copyright, trademark, trade secret or other intellectual property rights of others or violate the privacy, publicity or other personal rights of others, or (c) that is defamatory, obscene, threatening, abusive or hateful.

Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

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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  • I'm wondering if I should transfer to an ivy league school in order to get look better on my resume for i banks and, ultimately, MBA programs. I'm going to be a sophomore at a T25 private school (think UVA, Emory, Notre Dame) where I'm majoring in finance and minoring in art history...
    Should I Transfer??
  • Basically, what is expected out of an intern in asset management? Particularly, at a mutual fund? Think about 10-15 billion in AUM. Am I expected to generate ideas, get coffee, work on models? What happens if I mess up? I'm planning for next summer and was wondering if anyone's...
    what is expected of an intern?
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  • Pretty slow with it being the Friday of a long weekend, wanted to know if you guys had anything interesting going this weekend? How many of you will be studying for the CFA? I'm hitting a concert tonight (Juicy J) then doing some sailing on Sat....
    Long Weekend Plans
  • I've been trying to score an internship this summer in an investment bank, but nothing has developed over the last few months that I've been e-mailing and calling firms all day long. As a last resort effort, I'm trying to reach out to anyone here to see if they know of any openings...
    Still looking for an internship this summer..
  • I've been trying to score an internship this summer in an investment bank, but nothing has developed over the last few months that I've been e-mailing and calling firms all day long. As a last resort effort, I'm trying to reach out to anyone here to see if they know of any openings...
    Are any Investment Banks still taking on interns?
  • I'm writing an initiation report on a community bank, and one of my valuation methods is a DDM. Unfortunately, this bank does not pay out any dividends. From what I have been able to find online, I can still use the DDM by finding the FCF and estimating the dividend pay-out ratio based on...
    Calculating DDM with no dividends?
  • Hello everyone, I will be going into sophmore year after this summer at a semi-target school and currently I am working as an intern at a BB PWM for the summer. My GPA for freshman year is 3.7, only because I did poorly in first semester and really pulled up my average in second semester. My...
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  • Anyone looking for a roommate for work in downtown Houston (starting in August)? Looking for locations near Midtown/Med Center--let me...
    Houston FT 2013
  • I have been browsing LinkedIn and stalking the profiles of first year analysts are BB banks and noticed that a lot of them either took on a second major in mandaring chinese, or they were mandarin chinese minors. How helpful would learning mandarin be in attaining an offer in IB in general? Is it...
    How Helpful is a Minor in Mandarin?
  • For younger analysts/former summer interns: If you worked in S&T and have to get up super early, do you eat breakfast at all? and if you do, where do you get it? food trucks? make something at home? My office is in Midtown/Times Square-ish and I'd appreciate some good breakfast...
    Where do S&T people eat breakfast (in Midtown)?
  • Do you guys have a subscription to WSJ? It's like $25 a month, pretty expensive for a student. Any ways around this? I can barely read the first page of the articles until I get to the subscription content Do your companies pay for...
    WSJ Subscription
  • How much AUM do you need before it becomes a worthwhile proposition? I realize this is a broad question but use your own subjective...
    Question for people who run RIA's
  • Google glass is doomed to fail because it's simply just not a "cool" product, see below for a particularly funny site: http://whitemenwearinggoogleglass.tumblr.com I remember when the very first iPhone came out (I got one right when it came out). I would take that thing to a...
    Google Glass will fail miserably
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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...
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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...
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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,...
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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...
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