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Wall Street Oasis » Blogs » Midas Mulligan Magoo's blog
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The Divorce Fund: Speculating on Your Misery
 

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Midas Mulligan Magoo's picture
Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 12:09pm
rings

I have spoken candidly in the past and will gladly do so again, about my misadventures in the world of marriage. It's a world many foolish men enter, but few ever leave financially unscathed. Today, we look at yet another nail in the coffin of this once noble and righteous institution.

One year ago, Stacey Napp founded Balance Point. Not surprisingly, with money from her own divorce settlement. Balance Point is a divorce investment fund. It essentially ponies up its legal services for free (under the guise of a financial investment) and takes a percentage of the winnings, pardon... settlement .

Not shockingly, Ms. Napp's a career long finance professional with a Juris Doctor in tow. I suggest giving her a good thought the next time you're wondering why Wall Street is so fervently demonized in the media and why the word Bankster has become part of our modern lexicon.

It ain't all about the Bulge Brackets... it's about the idea that finance professionals are soulless, unscrupulous vultures willing to destroy people's lives for an extra penny on the dollar. That having been said, here's Ms. Napp's take on her noble project:

Everybody knows somebody where at the end of the day, the divorce was not equitable. We want to help those people, the underdog, to make sure they get their fair share. It furthers the concept of putting both spouses on an equal playing field.

Yeah, Stace...every man I know who's ever gotten a divorce has gotten robbed, raped and beaten by thugs like you. What equal playing field are you talking about, exactly?

The one where saying I do instantly entitles you to my blood, sweat and years?

The one where I can lose half just by looking at the nanny sideways and the one where you can hop from pool boy to gardner to mailman and still get cashed out proper?

Word to the Wise...

You can think of me what you want. Most of you guys are still at the age where you think the rules don't apply to you. Just remember that you've been warned. Marriage in the United States is a lose-lose proposition for the overwhelming majority of men.

Maybe you get to escape a fate of pocket siphoning, but chances are that you will be paying for your wife every step of the way. The bill will just come due after the best years of your life are behind you and she's well past her expiration date.

Modern day marriage is just another way of taxing hard working, successful and ambitious men. If you are really intent on getting married, do it offshore, somewhere where the law is not designed to steal from you as it is here.

Or better yet, start your own Divorce Fund or become a liquidity provider for Ms. Napp's. I guess this is your best method of hedging risk in a world gone completely batshit.

Where I unload on Twits and take verbal S***s
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Comments

ViRuS16's picture

Well done sir, well done.

ViRuS16
     
 
(Chimp, 3
 
Points)
 on 12/9/10 at 12:25pm

Well done sir, well done.

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white collar's picture

I don't know what the

white collar
      IB
 
(Senior Monkey, 68
 
Points)
 on 12/9/10 at 12:47pm

I don't know what the practical limitations are but perhaps insurance companies could start a new line a products devoted to divorce insurance. Structure the product like a CDS. The buyer pays a premium every month and in the event of the a divorce there is a lump sum payout, otherwise, the buyer keeps paying the premium. It doesn't fix the inherent problems in the instituition of marriage but it could mitigate the financial impact on the party getting screwed

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down on the upside's picture

if only there was a way to

down on the upside
      CD
 
 
(Baboon, 143
 
Points)
 on 12/9/10 at 12:47pm

if only there was a way to hide a large portion of your income, stash it away somewhere just in case things head south, now that would be a very successful business wouldn't it?

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soc0820's picture

I have never heard of

soc0820
      HF
 
(Monkey, 40
 
Points)
 on 12/9/10 at 12:52pm

I have never heard of offshore marriages, but I am intrigued. Off the top of your head, do you know where the best place to do this is? Obviously it has to seem romantic or she won't go for it I feel.

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WallStreetOasis.com's picture

between you and Eddie feeding

WallStreetOasis.com
      EN
 
 
(Human, 12,190
 
Points)
 on 12/9/10 at 12:58pm

between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.

Midas, you were married?

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alexpasch's picture

There's no such thing as an

alexpasch
      EN
 
 
(King Kong, 1,921
 
Points)
 on 12/9/10 at 1:09pm

There's no such thing as an offshore marriage. Even if you got married outside the country, assuming you live in the United States, the US will have jurisdiction over your marriage and the state's (divorce law goes by state) divorce laws will apply. Sometimes couples battle over what state to file the divorce proceedings in, since again, the laws vary from state to state, but that can only be done if there is marital property in both states, or a prenup says what state any divorce proceedings would occur in, etc.

You can't just fly to the Cayman Islands, get married, and then fly back and pretend like you're somehow under Cayman Islands' marriage laws (I have no idea where the lax marriage laws are, just saying).

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In reply to WallStreetOasis.com
Midas Mulligan Magoo's picture

WallStreetOasis.com

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 1:14pm
WallStreetOasis.com:

between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.

Midas, you were married?

Yes...to your whole post.

Where I unload on Twits and take verbal S***s

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In reply to alexpasch
Midas Mulligan Magoo's picture

alexpasch wrote: There's no

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 1:15pm
alexpasch:

There's no such thing as an offshore marriage. Even if you got married outside the country, assuming you live in the United States, the US will have jurisdiction over your marriage and the state's (divorce law goes by state) divorce laws will apply. Sometimes couples battle over what state to file the divorce proceedings in, since again, the laws vary from state to state, but that can only be done if there is marital property in both states, or a prenup says what state any divorce proceedings would occur in, etc.

You can't just fly to the Cayman Islands, get married, and then fly back and pretend like you're somehow under Cayman Islands' marriage laws (I have no idea where the lax marriage laws are, just saying).

Incorrect

Where I unload on Twits and take verbal S***s

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nonfatlatte's picture

I think there is an insurance

nonfatlatte
      ST
 
 
(Baboon, 103
 
Points)
 on 12/9/10 at 1:18pm

I think there is an insurance you can purchase for divorce. Like you pay certain amount money every month and if you get divorce, they will cover the legal fees. But the insurance won't cover if you get divorce in the first 2 years. I guess you really have to plan ahead if you want to use that. lol

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In reply to WallStreetOasis.com
JimmyDormandy's picture

WallStreetOasis.com

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 12/9/10 at 1:27pm
WallStreetOasis.com:

between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.

Midas, you were married?

+1 to that, Patrick. Between Eddie/Midas/everyone else I speak with.... I think I'd rather swallow a bag of needles than take the plunge. Nice work Midas - you have kept me a believer.

"Jesus, he's like a gremlin; comes with instructions and shit"

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CompBanker's picture

For some reason my girlfriend

CompBanker
      PE
 
 
(Almost Human, 8,737
 
Points)
 on 12/9/10 at 1:31pm

For some reason my girlfriend gets mad at me every time I send her articles like these.

CompBanker

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guerrillagrrl's picture

What if a woman cuts her

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 2:22pm

What if a woman cuts her career short to raise the kids? Is she not entitled to half then? Women that go back into the workforce after child-rearing are usually generally limited and lose up to 70% of their pay that they would have had they not quit.

I'm genuinely curious to hear this argument, and suspect that couples in the higher tax brackets have very different experiences than people in the lower brackets.

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In reply to CompBanker
WallStreetOasis.com's picture

CompBanker wrote: For some

WallStreetOasis.com
      EN
 
 
(Human, 12,190
 
Points)
 on 12/9/10 at 2:23pm
CompBanker:

For some reason my girlfriend gets mad at me every time I send her articles like these.

at least now I know who the death threat was from.

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In reply to CompBanker
lever up's picture

CompBanker wrote: For some

lever up
     
 
(Senior Monkey, 95
 
Points)
 on 12/9/10 at 2:27pm
CompBanker:

For some reason my girlfriend gets mad at me every time I send her articles like these.

If I had any credits left, you sir, would be awarded one.

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In reply to AnonIcelandicBanker
nonfatlatte's picture

AnonIcelandicBanker

nonfatlatte
      ST
 
 
(Baboon, 103
 
Points)
 on 12/9/10 at 2:31pm
AnonIcelandicBanker:

What if a woman cuts her career short to raise the kids? Is she not entitled to half then? Women that go back into the workforce after child-rearing are usually generally limited and lose up to 70% of their pay that they would have had they not quit.

I'm genuinely curious to hear this argument, and suspect that couples in the higher tax brackets have very different experiences than people in the lower brackets.

hmmmm, that is a good point. Personally I will NEVER EVER cut my career for kids. I believe having-it-all is possible.

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In reply to AnonIcelandicBanker
happypantsmcgee's picture

AnonIcelandicBanker

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 12/9/10 at 2:34pm
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If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Aggravate's picture

The swing in divorce laws

Aggravate
      O
 
(Senior Baboon, 227
 
Points)
 on 12/9/10 at 2:40pm
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In reply to Midas Mulligan Magoo
alexpasch's picture

Midas Mulligan Magoo

alexpasch
      EN
 
 
(King Kong, 1,921
 
Points)
 on 12/9/10 at 2:46pm

www.jetcigs.com - Use coupon code WSO30 for 30% off

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dmcd's picture

maybe im the only one... and

dmcd
      CO
 
(Baboon, 119
 
Points)
 on 12/9/10 at 2:58pm

"Stay Hungry, Stay Foolish"

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alexpasch's picture

One of my best friends is a

alexpasch
      EN
 
 
(King Kong, 1,921
 
Points)
 on 12/9/10 at 2:58pm

www.jetcigs.com - Use coupon code WSO30 for 30% off

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In reply to dmcd
guerrillagrrl's picture

dmcd wrote: maybe im the only

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 3:05pm

WSOCON 2013 - B Scene

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2x2Matrix's picture

Here's my question: what

2x2Matrix
      CO
 
 
(King Kong, 1,025
 
Points)
 on 12/9/10 at 3:07pm

One of those lights, slightly brighter than the rest, will be my wingtip passing over.

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In reply to Aggravate
guerrillagrrl's picture

Aggravate wrote: The swing in

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 3:10pm

WSOCON 2013 - B Scene

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In reply to AnonIcelandicBanker
Midas Mulligan Magoo's picture

AnonIcelandicBanker

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 3:36pm

Where I unload on Twits and take verbal S***s

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In reply to alexpasch
Midas Mulligan Magoo's picture

alexpasch wrote: Midas

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 3:37pm

Where I unload on Twits and take verbal S***s

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In reply to AnonIcelandicBanker
Easy's picture

AnonIcelandicBanker

Easy
      AM
 
(Senior Chimp, 20
 
Points)
 on 12/9/10 at 3:38pm
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In reply to Midas Mulligan Magoo
guerrillagrrl's picture

Midas Mulligan Magoo

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 3:38pm

WSOCON 2013 - B Scene

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Tunnel's picture

Sad but true. I'd love to

Tunnel
     
 
(Monkey, 44
 
Points)
 on 12/9/10 at 3:49pm
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In reply to nonfatlatte
ke18sb's picture

nonfatlatte wrote: hmmmm,

ke18sb
      PE
 
 
(King Kong, 1,111
 
Points)
 on 12/9/10 at 3:49pm
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In reply to Midas Mulligan Magoo
alexpasch's picture

Midas Mulligan Magoo

alexpasch
      EN
 
 
(King Kong, 1,921
 
Points)
 on 12/9/10 at 3:55pm

www.jetcigs.com - Use coupon code WSO30 for 30% off

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alexpasch's picture

Btw guys, related to my last

alexpasch
      EN
 
 
(King Kong, 1,921
 
Points)
 on 12/9/10 at 3:58pm

www.jetcigs.com - Use coupon code WSO30 for 30% off

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Aggravate's picture

Pre-nups won't protect you.

Aggravate
      O
 
(Senior Baboon, 227
 
Points)
 on 12/9/10 at 4:38pm
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In reply to AnonIcelandicBanker
Midas Mulligan Magoo's picture

AnonIcelandicBanker

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 4:20pm

Where I unload on Twits and take verbal S***s

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Tunnel's picture

Methinks there are some

Tunnel
     
 
(Monkey, 44
 
Points)
 on 12/9/10 at 4:30pm
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2x2Matrix's picture

I think it might be nice to

2x2Matrix
      CO
 
 
(King Kong, 1,025
 
Points)
 on 12/9/10 at 4:30pm

One of those lights, slightly brighter than the rest, will be my wingtip passing over.

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In reply to alexpasch
Midas Mulligan Magoo's picture

alexpasch wrote: Midas

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/9/10 at 4:32pm

Where I unload on Twits and take verbal S***s

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anaismalcolm's picture

As a woman this thread is

anaismalcolm
      IB
 
 
(Orangutan, 329
 
Points)
 on 12/9/10 at 5:49pm
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In reply to Easy
guerrillagrrl's picture

Easy wrote: [[ So your friend

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 7:33pm

WSOCON 2013 - B Scene

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In reply to Midas Mulligan Magoo
guerrillagrrl's picture

Midas Mulligan Magoo

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/9/10 at 8:02pm

WSOCON 2013 - B Scene

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CompBanker's picture

For me, the big disconnect is

CompBanker
      PE
 
 
(Almost Human, 8,737
 
Points)
 on 12/10/10 at 12:05am

CompBanker

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WallStreetOasis.com's picture

wow, some interesting posts

WallStreetOasis.com
      EN
 
 
(Human, 12,190
 
Points)
 on 12/10/10 at 12:59am

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blastoise's picture

What is 6 inches long 2

blastoise
      O
 
(Senior Neanderthal, 4,378
 
Points)
 on 12/10/10 at 1:19am
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In reply to CompBanker
guerrillagrrl's picture

CompBanker wrote: So, that

guerrillagrrl
      O
 
 
(Senior Orangutan, 478
 
Points)
 on 12/10/10 at 1:51am

WSOCON 2013 - B Scene

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In reply to Aggravate
Argonaut's picture

Aggravate wrote: I used to

Argonaut
     
 
(King Kong, 1,762
 
Points)
 on 12/10/10 at 5:09am

More is good, all is better

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trazer985's picture

As a very wizened thinker

trazer985
      ST
 
 
(King Kong, 1,774
 
Points)
 on 12/10/10 at 6:15am
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In reply to AnonIcelandicBanker
Midas Mulligan Magoo's picture

AnonIcelandicBanker

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 12/10/10 at 7:40am

Where I unload on Twits and take verbal S***s

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In reply to AnonIcelandicBanker
happypantsmcgee's picture

AnonIcelandicBanker

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 12/10/10 at 7:54am

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

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In reply to CompBanker
JimmyDormandy's picture

CompBanker wrote: For me, the

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 12/10/10 at 9:58am

"Jesus, he's like a gremlin; comes with instructions and shit"

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In reply to Argonaut
Aggravate's picture

Argonaut wrote: Aggravate

Aggravate
      O
 
(Senior Baboon, 227
 
Points)
 on 12/10/10 at 11:19am
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In reply to happypantsmcgee
Argonaut's picture

happypantsmcgee

Argonaut
     
 
(King Kong, 1,762
 
Points)
 on 12/10/10 at 1:02pm

More is good, all is better

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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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  • 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...
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    Australian I-Banking.
  • 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
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  • 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
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    "1 unread message"
  • I've uploaded the IBD template provided by Mergers and Inquistions to expedite the process of resume review. I believe it would be helpful for any prospective monkeys to review this template before posting. Hope this helps. ...
    Resume Posting
  • Would appreciate it if someone could breakdown my resume and inform me about any glaring...
    Resume Critique please
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    Care for neck ties
  • 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. Thanks...
    PE recruiting resources
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    city boy by Geraint Anderson
  • Hey all, I will be matriculating at NYU for MBA this fall and am considering IBD since the recruiting process seems fairly reliable. I have a few questions about IBD at this level (some of these are dupes from my post "IBD pay ... really that great?" that I would like more color...
    Questions about post-MBA level IBD
  • Hi, if a story is printed in the FT or WSJ, it can apparently have quite a significant impact on the market. partly because everyone working in finance is reading at least one of the two. but what about other daily newspapers? assume a similar story is printed in the times or the guardian. what the...
    Which impact on markets do newspapers have (excluding Financial Times, Wall Street Journal, etc.)?
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Upcoming Events

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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
<em>Mod note: for the tl;dr version, skip down to "Circa 1960"</em> First, some background. I’m going to explain how we got to where we are today in order to frame our place in history and our model of life, so bear with me...
Your Model of Life Is Wrong
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)
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?
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)
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N/A - Already bought my ticket, see you there!
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