Wall Street Oasis logo


  • Recent
    • All Recent Content
    • Top WSO Bloggers
    • WSO Chat Room
    • Hot Topics - Week
    • Hot Topics - Month
    • Hot Topics - Year
    • Hot Topics - All Time
    • Top Comments - All Time
  • FAQs
    • Best Interviews
    • Common Questions
    • Industry Specific
    • WSO 101
    • Education
    • Recruiting
    • Life in Finance
    • WSO Company Database
    • WSO Finance Dictionary
  • Forums
    • Post Forum Topic
    • Best Comments
    • WSO Chat Room
    • Job Search Advice
    • Investment Banking
    • Private Equity
    • Venture Capital
    • Trading
    • Consulting
    • Hedge Funds
    • Corporate Finance
    • Real Estate Finance
    • Equity Research
    • Asset Management
    • WSO Success Stories
    • Other Careers
    • Business School
    • Resume Forum
    • Wall St. Fashion
    • New User Intros
    • Monkey Around
    • WSO Products
    • Site Suggestions
  • Groups
    • Browse Groups
    • Create Group
    • My Groups
    • Non Target Networking
    • Energy Trading
    • State your salary
    • Read the Footnotes
    • Proprietary Traders
    • WSO Investment Forum
    • CFA
    • The Restructuring Group
    • Economics
    • RE Finance/Investments
  • About
    • About WSO
    • Press
    • Contact Us
    • RSS Sitemap
    • Advertise on WSO
    • WSO Discounts
    • WSO Store
  • Login
  • Sign Up!
  • Hot Topics
  • My Profile
  • Company Research
  • Modeling
  • Resume Review
  • Events
  • Interview Guides
  • Job Board
  • Intern Positions

6 Free Financial Modeling Lessons...and More.

Enter your e-mail below to get our Free Tutorials.

Wall Street Oasis » Blogs » Edmundo Braverman's blog
< previous | next >

The Scream Fetches $120 Million
 

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,330
 
Points)
 on 5/3/12 at 8:00am
The_Scream.jpg

Edvard Munch's The Scream set a new record at auction yesterday, bringing a winning bid of $119.9 million at Sotheby's in New York. The winning bidder has not been identified and did all of his/her bidding over the phone. By my calculation (based on Sotheby's published auction rates) the sale paid a commission of nearly $14,500,000, bringing to total paid for the painting close to $135 million.

That's a ton of dough for a piece of art. The previous record holder was a Picasso which sold for $106.5 million in 2010. I'm not a big art guy, so I can't say whether it's a good investment or not. But in my experience, everyone knows what they like and owning The Scream (the only one of four copies still in private hands) would be pretty effin cool.

Plus the piece is somewhat emblematic of our times. If you look closely at it, you'll see that the subject of the painting is a recent college graduate, and the shadowy figures in the background are clearly student loan collections agents.

Never ones to let anything to do with big money slide, Occupy Wall Street stationed themselves outside the auction house to protest the sale (naturally). What a bunch of douchebags.

Outside of Sotheby’s, there was excitement of a different kind, as demonstrators protesting the company’s longtime lockout of art handlers waved placards with the image of “The Scream” along with the motto, “Sotheby’s: Bad for Art.” Many in the group — a mix of union members and Occupy Wall Street protesters — even screamed themselves when the Munch went on the block. (Munch’s work was an apt focus for the group, said one protester, Yates McKee: “It exemplifies the ways in which objects of artistic creativity become the exclusive province of the 1 percent.”)

Whatever, dude.

Any way you slice it, this is an ass-ton of money for a painting and I hope the new owner is happy with it. It makes better sense to me than some of the ridiculous figures I see thrown around for Jackson Pollocks and other really abstract pieces that just look like the product of a paint-flinging acid trip (relax, Pollock fans - I realize that's my own artistic ignorance showing but let's face it: Jackson Pollock was no Robert Wyland.)

What say you, monkeys? Is $135 million a good deal for this piece? I think you'd be hard pressed to find a more iconic piece of art outside the Mona Lisa. So maybe it is a good deal. More to the point: how nice would it be to have $135 million to drop on a piece of art?

  •  
  •  
  •  
Tags:
  • the scream
  • paintings
  • art collection

Comments

melvvvar's picture

it is demoralizing when the

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 5/3/12 at 7:53am

it is demoralizing when the rounding error on such a purchase is multiples of your entire net worth.

  • 0
  •  
  •  
Edmundo Braverman's picture

Yeah, break down that

Edmundo Braverman
      ST
 
 
(Human, 14,330
 
Points)
 on 5/3/12 at 8:12am

Yeah, break down that commission amount. The sale took a total of 12 minutes start to finish. That pencils out to $1.21 million a minute or $73 million an hour. Good work if you can find it.

  • 0
  •  
  •  
Addinator's picture

Incredible to think about

Addinator
      ST
 
 
(Senior Gorilla, 923
 
Points)
 on 5/3/12 at 8:42am

Incredible to think about parting ways with 135 million for something that you can hang on a wall in one of your homes or private collections (wherever those are held). Whats the motivation? Just because you can? Investment? Both? Obviously, I understand there are a myriad of reasons to buy something like that but especially in an auction setting I can't imagine that it's primarily an investment (granted, Munch isn't making any more iconic pieces).

Contact: [email protected]
See my other blog posts

  • 0
  •  
  •  
Anacott_CEO's picture

I'm going to start painting

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 5/3/12 at 8:47am

I'm going to start painting

  • 0
  •  
  •  
Whgm45's picture

Addinator37: Incredible to

Whgm45
      ST
 
(Orangutan, 299
 
Points)
 on 5/3/12 at 8:58am
Addinator37:

Incredible to think about parting ways with 135 million for something that you can hang on a wall in one of your homes or private collections (wherever those are held). Whats the motivation? Just because you can? Investment? Both? Obviously, I understand there are a myriad of reasons to buy something like that but especially in an auction setting I can't imagine that it's primarily an investment (granted, Munch isn't making any more iconic pieces).

It's most definitely both an investment and a display of status. I recently went to see Ronald Lauder's German expressionist collection in NYC and he has in his collection a Gustav Klimt that he bought for $135 million. If I was a billionaire, I would buy a painting of that quality too. When you have more money than you know what to do with, and you happen to appreciate art, it's a no brainer.

Plus, if you're an up and coming Asian billionaire, buying a piece of this magnitude is a huge statement.

  • 0
  •  
  •  
prospie's picture

Hahah, love the Robert

prospie
     
 
(King Kong, 1,674
 
Points)
 on 5/3/12 at 9:10am

Hahah, love the Robert Wyland. Right up there with Lisa Frank.

Financial Modeling Training
Guide to Finance Interviews
Banking Resume

  • 0
  •  
  •  
duffmt6's picture

Anacott_CEO: I'm going to

duffmt6
      IB
 
 
(Neanderthal, 2,304
 
Points)
 on 5/3/12 at 9:14am
Anacott_CEO:

I'm going to start painting

Won't be worth jack until 100 years after you die...

"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

  • 1
  •  
  •  
M Friedman's picture

God I hope it was Cohen so

M Friedman
     
 
(King Kong, 1,007
 
Points)
 on 5/3/12 at 9:30am

God I hope it was Cohen so that the occupiers have something else to bitch about

See my WSO blogs here.

  • 0
  •  
  •  
sayandarula's picture

uhmmm.....hate to break this

sayandarula
      O
 
 
(King Kong, 1,812
 
Points)
 on 5/3/12 at 9:40am

uhmmm.....hate to break this to you but it looks like the buyer was ripped off:

http://www.allposters.com/-sp/The-Scream-Posters_i...

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

  • 1
  •  
  •  
Edmundo Braverman's picture

sayandarula: uhmmm.....hate

Edmundo Braverman
      ST
 
 
(Human, 14,330
 
Points)
 on 5/3/12 at 9:48am
sayandarula:

uhmmm.....hate to break this to you but it looks like the buyer was ripped off:

http://www.allposters.com/-sp/The-Scream-Posters_i2687914_.htm

Ha! +1

  • 0
  •  
  •  
manbearpig's picture

Contemporary art is nothing

manbearpig
      CO
 
 
(Neanderthal, 3,029
 
Points)
 on 5/3/12 at 9:53am

Contemporary art is nothing more than dripping colorful shit on a canvas and randomly swirling it around with a stick. It is literally the most pretentious thing to call it beautiful or meaningful or whatever old rich fucks say these days. it's fucking ugly is what it is. Jackson Pollock is the perfect example. I can paint better with my left foot.

This painting isn't exactly contemporary (so not entirely shit), but 135MM?? GTFO.

-MBP

  • 0
  •  
  •  
adapt or die's picture

Mona Lisa transaction comp???

adapt or die
     
 
(King Kong, 1,229
 
Points)
 on 5/3/12 at 10:02am

Mona Lisa transaction comp???

  • 1
  •  
  •  
onebuck's picture

There is no better

onebuck
      O
 
 
(Senior Baboon, 228
 
Points)
 on 5/3/12 at 10:02am

There is no better product/investment where "greater fool theory" applies to than artwork...

  • 0
  •  
  •  
FutureBanker09's picture

www.vice.com/read/i-dont-get-

FutureBanker09
      AM
 
(Senior Orangutan, 420
 
Points)
 on 5/3/12 at 10:15am

www.vice.com/read/i-dont-get-art

Possibly NSFW for one picture

  • 0
  •  
  •  
Whgm45's picture

manbearpig: Contemporary art

Whgm45
      ST
 
(Orangutan, 299
 
Points)
 on 5/3/12 at 10:51am
manbearpig:

Contemporary art is nothing more than dripping colorful shit on a canvas and randomly swirling it around with a stick. It is literally the most pretentious thing to call it beautiful or meaningful or whatever old rich fucks say these days. it's fucking ugly is what it is. Jackson Pollock is the perfect example. I can paint better with my left foot.

This painting isn't exactly contemporary (so not entirely shit), but 135MM?? GTFO.

Look up Gerhard Richter and tell me if you still think that way. If so, you can't appreciate art

  • 0
  •  
  •  
manbearpig's picture

Whgm45: manbearpig: Contemp

manbearpig
      CO
 
 
(Neanderthal, 3,029
 
Points)
 on 5/3/12 at 11:00am
You must be signed in to read advice below.
Sign In with FacebookSign In with Google
Connecting helps us build a vibrant community. We'll never share your info without your permission.

Sign Up with email

-MBP

  • 0
  •  
  •  
BTbanker's picture

That's it?

BTbanker
      IB
 
(Senior Neanderthal, 5,329
 
Points)
 on 5/3/12 at 11:02am

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

  • 0
  •  
  •  
prospie's picture

onebuck: There is no better

prospie
     
 
(King Kong, 1,674
 
Points)
 on 5/3/12 at 11:17am

Financial Modeling Training
Guide to Finance Interviews
Banking Resume

  • 0
  •  
  •  
UFOinsider's picture

What is art? Who cares, do

UFOinsider
      O
 
(Human, 10,302
 
Points)
 on 5/3/12 at 11:17am

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

  • 0
  •  
  •  
cphbravo96's picture

Not that it's a big deal, but

cphbravo96
      PE
 
 
(Senior Neanderthal, 4,992
 
Points)
 on 5/3/12 at 12:48pm

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

  • 0
  •  
  •  
Gate_Crasher's picture

I'm going to start painting -

Gate_Crasher
      IB
 
(Senior Baboon, 187
 
Points)
 on 5/3/12 at 1:24pm
  • 0
  •  
  •  
melvvvar's picture

in 100 years, perhaps the

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 5/3/12 at 1:28pm
  • 0
  •  
  •  
WSOusername's picture

id imagine the butt munch

WSOusername
     
 
(Senior Gorilla, 950
 
Points)
 on 5/3/12 at 5:03pm

GBS

  • 1
  •  
  •  
manbearpig's picture

GoldmanBallSachs: id imagine

manbearpig
      CO
 
 
(Neanderthal, 3,029
 
Points)
 on 5/3/12 at 5:44pm

-MBP

  • 0
  •  
  •  
Ryan M's picture

what a waste of money. If you

Ryan M
     
 
(Senior Chimp, 22
 
Points)
 on 5/3/12 at 6:45pm
  • 0
  •  
  •  
MailmanBitesDog's picture

+1 for the Wyland reference.

MailmanBitesDog
      IA
 
 
(Senior Baboon, 200
 
Points)
 on 5/3/12 at 7:47pm

My WSO Blog --
My Wordpress

  • 0
  •  
  •  
sayandarula's picture

Ryan M: what a waste of

sayandarula
      O
 
 
(King Kong, 1,812
 
Points)
 on 5/3/12 at 8:17pm

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

  • 0
  •  
  •  
TheCityBoy's picture

Gordon Gekko said it best

TheCityBoy
     
 
(Baboon, 126
 
Points)
 on 5/3/12 at 8:23pm
  • 0
  •  
  •  
wolverine19x89's picture

Whgm45: manbearpig: Contemp

wolverine19x89
      O
 
(King Kong, 1,845
 
Points)
 on 5/3/12 at 10:00pm

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

  • 0
  •  
  •  
wotingyu's picture

but Munch is clearly a genius

wotingyu
      O
 
(Senior Monkey, 74
 
Points)
 on 5/3/12 at 11:31pm
  • 1
  •  
  •  
sayandarula's picture

OH MY FUCK. apparently "the

sayandarula
      O
 
 
(King Kong, 1,812
 
Points)
 on 5/3/12 at 11:59pm

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

  • 0
  •  
  •  
hdavid57's picture

From my perspective, The

hdavid57
      O
 
(Senior Orangutan, 439
 
Points)
 on 5/4/12 at 1:02am

Howard Schwartz

See my WSO blog

  • 1
  •  
  •  
cphbravo96's picture

http://www.vanityfair.com/cul

cphbravo96
      PE
 
 
(Senior Neanderthal, 4,992
 
Points)
 on 5/4/12 at 1:26am

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

  • 0
  •  
  •  
sayandarula's picture

cphbravo96: http://www.vanity

sayandarula
      O
 
 
(King Kong, 1,812
 
Points)
 on 5/4/12 at 1:53am

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

  • 0
  •  
  •  
manbearpig's picture

hdavid57: From my

manbearpig
      CO
 
 
(Neanderthal, 3,029
 
Points)
 on 5/4/12 at 8:25am

-MBP

  • 0
  •  
  •  
cphbravo96's picture

sayandarula: cphbravo96: ht

cphbravo96
      PE
 
 
(Senior Neanderthal, 4,992
 
Points)
 on 5/4/12 at 10:23am

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

  • 0
  •  
  •  
UFOinsider's picture

manbearpig: He probably just

UFOinsider
      O
 
(Human, 10,302
 
Points)
 on 5/4/12 at 10:24am

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

  • 0
  •  
  •  
hdavid57's picture

MBP makes an interesting

hdavid57
      O
 
(Senior Orangutan, 439
 
Points)
 on 5/4/12 at 6:04pm

Howard Schwartz

See my WSO blog

  • 0
  •  
  •  

6 Free Financial Modeling Lessons...Straight to Your Inbox.

Confirm your name and e-mail below to get our best tips

Monkey Stats
Account information
We respect your Name and E-mail privacy. By joining you accept our terms of service.
Skip this step
Terms and Conditions of Use
These are the "Terms and Conditions" under which you may use WallStreetOasis.com. Please read this page carefully including the Privacy Policy below. If you do not accept the Terms and Conditions and Privacy Policy stated here, do not use this web site or any services offered by this web site. By using this web site, you are indicating your acceptance to be bound by the terms of these Terms and Conditions and Privacy Policy. IB Oasis Corp. (the "Company") may revise these Terms and Conditions and Privacy Policy at any time by updating this posting. You should visit this page periodically to review the Terms and Conditions and Privacy Policy, because they are binding on you. The terms "You" and "User" as used herein refer to all individuals and/or entities accessing this web site for any reason.

Neither WallStreetOasis.com, IB Oasis Corp. nor employees of IB Oasis Corp. are investment advisors. The purpose of this website is NOT to give any advice on your personal investment strategy. If you base your investment decisions on content of this website, you may lose part or all of your money.

You should not violate any other law or regulation, including, without limitation, the rules and regulations of the U.S. Securities and Exchange Commission and the national or other securities exchanges, especially including the rule against making false or misleading statements to manipulate the price of a security or the rule requiring you to disclose any compensation you may receive for describing a security.

You should not access WallStreetOasis.com by any means other than through the interfaces we provide for use in accessing our services or use any automated means, including, without limitation, agents, robots, scripts, or spiders, to access, monitor, copy, or harvest data from any part of our sites, except those automated means that we have approved in advance and in writing.

The Company, in its sole discretion, reserves the right to remove any postings, or deny access by any individuals, for any reason or no reason.

If you see something that you feel is a violation of the these Terms and Conditions, please notify us by emailing wallstreetoasis at wallstreetoasis.com.

We reserve the right to change the Terms and Conditions at any time. Changes will be posted on the applicable web page.

Use of Material.

The Company authorizes you to view and download a single copy of the material on www.WallStreetOasis.com (the "Web Site") solely for your personal, noncommercial use. By using the Web Site you are giving the Company the sole right to use any and all content you generate or publish on the site for commercial, non-commercial or promotional purposes. This includes any and all forum posts, comments, blog posts or any other material you generate on the Web Site.

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

  • New
  • Active
  • Rank
  • Comments
  • I just got an intern, and one of my responsibilities is data entry into excel. What kind of excel functions should I know? I know I should know pivot table, and v-look up, but what else would you guys suggest....
    what excel functions should i know
  • I'm interviewing with Jefferies operations team. saw someone else posted about this, but was wondering what technical questions they might ask. I'm at a loss as to waht to study but if u have any ideas that would be a great...
    Jefferies Summer Operations Analyst
  • Just out of curiosity, what would be an average daily P/L within a specific group at a trading house ? 50k? 500k? I am sure it depends of the products being traded, but it would be nice to have an indication of what would a great trading team can...
    P/L
  • What is it, exactly, that makes NY and more specifically Manhattan, vote Democratic? A large net worth individual obviously doesn't equal a conservative, but more often than not it does. And with so many rich people...Is it the large art/liberal/minority community in Brooklyn/Bronx/Queens that...
    Why is NYC so blue?
  • My friend in the industry is asking me to get a new watch and a new wallet to suit the financial industry image. He says please get a branded wallet and watch. Currently I am using a casio g-shock and a wallet that costs less than $100 given by friends on my birthday. He says image is very...
    What wallet and watch are you using?
  • Asatar posted this up in The Other Road forum, thought some of you might be...
    Big 4 Audit - London
  • http://money.cnn.com/2013/05/19/technology/yahoo-tumblr/index.html?hpt=hp_t2 Any thoughts on this? $1.1bn seems like a lot, but maybe I just don't understand the...
    Yahoo buys Tumblr
  • I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target school...
    I'm a Hedge Fund Analyst - Ask Me Anything
  • Hi. Just ran across this website. Hopefully I'm not breaking any rules or annoying anyone too much with this question. I'm currently in a top-15 PhD program in economics at a school that is top-10 undergrad. After finishing the first year, I'm not sure I want to continue. The PhD...
    leaving PhD program in economics
  • For those of you who want to wake up before the sun rises and eat Type B personalities for breakfast this is the first of a three part series on <a href="http://boldanddetermined.com/2013/01/28/the-21-rules-of-the-rich-and-how-you-can-emulate-them/">21 Rules Of the Rich (And How You...
    Break These 7 Rules And Forget About Being Rich
  • Will this continue to hurt me? Basically, I failed a 1 credit weight-lifting course. Was screwing around and ended up accidentally dropping a plate on the instructors foot. It was a pretty big deal, he ended up having to go to the hospital and broke several toes. I was banned from the...
    Failed a Course
  • Hi, I was fortunate enough to land an interview with a boutique investment bank this late and I would hate to have this opportunity slip. So I was wondering if anybody is willing to spend 5-10min of their time asking me just general questions and give feedback on my "walk me through your...
    Is anybody willing to spend 5-10min of their time mock interviewing?
  • As i've previously discussed i'm heading to a "public ivy" in the fall as a transfer so graduate school is not too far away. I had wanted to attend UT Austin or UC Berkeley for undergrad but economically it just isn't feasible. Which one has the better grad program for...
    UT-Austin vs UC Berkeley for Grad.
  • From previous posts on this forum, it seems like it's generally bad to reschedule an interview, no matter what the reason? I'm interviewing with a buy side firm, and the process so far has been pretty informal. I'm supposed to have another interview tomorrow. At the last minute, I...
    Rescheduling an interview?
more

Upcoming Events

  • Advanced M&A Accounting & Tax Topics Webcast (Live)
    May 21 2013 - 6:00pm - 9:00pm
  • Boston WSO Happy Hour - Wed May 22nd, 6PM
    May 22 2013 - 6:00pm - 8:00pm
  • Financial and Valuation Modeling Boot Camp (Dallas)
    May 23 2013 - 8:00am - May 25 2013 - 5:00pm
  • Shanghai Happy Hour May 24th Friday 7:30PM - 10:30PM
    May 24 2013 - 7:30am - 10:30am
  • Hong Kong Networking Event - Happy Hour, May 24th, 7:30PM
    May 24 2013 - 7:30pm - 9:30pm
more

Highest Ranked Content

  • Week
  • Month
  • Year
  • All Time
  • Comments
I used to work with a guy that had everything on the surface, but absolutely nothing inside. The guy was 6 feet tall, good-looking, charismatic, multi-lingual, graduated from a top business school, and had made MD at a bulge bracket investment bank. Yet he couldn’t remember the last time he...
How to Develop a Personality
<em>Mod note (Andy): we vetted this user to confirm his identity/status and yes in fact he is who he says he is, and is eager to answer your questions :)</em> Bio: I decided to join WSO to help both students and young professionals advance in their Finance careers, whether that be...
I'm an MD and I run the Sales division: Ask Me Anything
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
Beginners Guide to Valuation and Metrics By Sector
You've just gotten that promotion and now you're in charge of a small team. Congratulations! And welcome to middle management. All the hard work and the knowledge you've developed about everything your firm does these past few years has been noticed. But, now you have a small...
7 Things I've Learned About Being A Manager
Assuming that you have access to no financial products such as FactSet, Bloomberg, CapitalIQ, Thomson or otherwise, thought it would be helpful to give a step by step guide on how to ramp up on a new company from your home computer. Using FaceBook as an example. Lets go ahead and start with the...
Basic Guide Ramping Up On A Company With Public Information (Part 1 of 3)
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
<em>“You know, In The Flesh,”</em> a WSO monkey told me at a recent Happy Hour, <em>“that gentleman’s book is the real deal. I ordered that shit on Amazon as soon as I read your review. It’s so right, man. I want to be like that: keep my word, honor my commitments, be...
Being A Gentleman, Revisited
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> There I go...
In Praise Of High Interest Rates
more

Recent Jobs

  • M-Payments Start-up: Chief of Staff & Business Development Manager
  • Venture Capital Associate - Austin, TX
  • Associate - Philadelphia
  • Vice President, Investment Banking Credit Division
  • Fund Accountant - Chicago
more



Sell Tickets Online through Eventbrite

Poll

Why would you NOT go to the 2013 WSO Conference? :
View the current poll results.

Silver Banana Rankings

  • Silver Banana Leaders
  • Soiled Monkeys
UserSilver Bananas
Edmundo Braverman1115
TNA1094
CompBanker873
happypantsmcgee742
IlliniProgrammer717
UFOinsider628
TheKing620
BlackHat565
Nouveau Richie420
cphbravo96404
more

Top WSO Members

  • Total Bananas
  • Active Monkeys
UserBanana Points
Edmundo Braverman14330
TNA13482
WallStreetOasis.com12048
UFOinsider10302
happypantsmcgee9621
IlliniProgrammer9188
CompBanker8504
Siberian Husky5862
AndyLouis5784
monty095398
more

New Groups

  • Denver Professionals
  • Minneapolis Bankers
  • Non-Target Networking in NYC
  • Prep School Bankers
  • Commercial Real Estate
  • University of London
  • University of Cambridge
  • Atlanta Monkeys
  • German Monkeys
  • University of North Carolina - Chapel Hill
more

© 2006-2012 WallStreetOasis.com | All Rights ReservedAdvertise | About Us | Contact Us | FAQs | Site Map | Privacy Policy

As Seen In

Sister Site

Syndicate content