Monday @Mentions Jan 25th 2016

Happy Monday WSO!

Upcoming webinars:

-Webinar: Build a Network That You Can Turn into IB/PE Offers -- 7pm ET, 1/25/16
-Webinar: Hedge Fund Investment Pitch -- 3pm ET, 1/31/16

Posts of the Week:

This Week in Oil and Gas - 01/22/2016 by @RedRage". 12 SB's.
How to fail the CFA level 2 Exam by @LBS Bloggers". 7 SB's.
Advice for an ex-IB MD: How to have a great career and a good life by @wilowallstreet". 6 SB's.

Discussion Topics of the Week:
ACTUALLY, THEY’RE BOTH NAMED BERNIE by @Jared Dillian". 47 comments.

Officially Out of the HF Business by @Mr. Pink Money". 39 comments.

AMA of the Week:

A Career In Market Risk by @anky". 8 SB's.
AMA: I Tried a Sensory Deprivation Tank by @Alistair-Clark". 4 SB's.

Comment of the Week:

This comment: by @Mr. Pink Money" in the post "Officially Out of the HF Business".

Best Investing Advice: Understand the value add the customer gets from using the product. Economic moats aren't built by companies. They're built by customers feverishly digging to protect something very important to them. This is how I've found many multi-year compounders (I hate that term btw).
Best Career Advice: Get really good at recognizing and finding talented people who get shit done. It's just as important as being a great investor. It should be your mission to be the best talent evaluator in the room. It will help you in your recruiting, networking, and investing.

Best Career Politics Advice: Your first 100 days are a big deal. A lot of positive and negative attributes are cemented during this period as colleagues try to figure out what you're about. Any seemingly small action become a big deal. You'll only be known for a few things so make them count.

Bonus Career Advice: You'll learn the most in fast growing or failing organization.

Best Life Advice: Life isn't a neat progression. It's a step function with sudden changes. Stay humble when you're on top (it can go away fast), but never forget things can improve greatly no matter how bad things look.

Best Trade: Not throwing out names but you can probably get a sense of what they are. Best investments have been in the tech sector where I capitalized on the market not properly pricing in extraordinary network effect / scale businesses that customers loved and/or viewed as mission critical. On the flip side, my best shorts came from this space as well. I know I have a winner when a big competitor tries to copy them (hammers the stock) but upon deep due diligence learn customers are not only switching [edit: switching to the upstart from legacy ways or are not embracing the big co. offering] but the company is still taking market/wallet share in key areas. When the noise clears up, you get some massive stock appreciation.

Biggest Mistake: Plenty to discuss but my primary mistake was selling winners way too soon. I don't mind losing money if I understand the drivers and anticipate them as a risk factor when getting into a position. It's the surprises (that I should have known) that are not acceptable. Losing money more often than not comes from not really understanding the business in the first place. Finally, there are occasions when people more senior than you are committed to a certain position and it clouds your objectivity. Huge mistakes have resulted from in-bound pitches from 'smart' investors.

Most Active Monkeys in the past 30 days:

1. @DickFuld" 554, 2. @Dingdong08" 428, and 3. @CRE" with 231.

See where you rank here.

New WSO Certified Users:

I wanted to take the space here to thank and congratulate the new Certified Users from the past week. Welcome to the club. Some of these are new members, but all have confirmed that they work in the indicated industry at the level selected on their profile. All Certified Users have a yellow star next to their usernames when posting in the forums, so you all know which sources you can trust the most. As WSO Certified Users, they get i) 3 months free to the WSO Job Board ($45 Value) and ii) access to the private Certified User chat room to network with other professionals (priceless). Without further ado:

Investment Banking
@eyebeedee” - Generalist - 2nd Year Analyst
@bureksunshine” - Mergers and Acquisitions - 2nd Year Analyst
@Foreign Monkey” - Mergers and Acquisitions - 1st Year Analyst
@intl-student-93” - Industry/Coverage - 1st Year Analyst
@upod01” - DCM - 1st Year Analyst

Private Equity
@m8” - Other - Vice President
@Bule” - Other - 1st Year Analyst

Hedge Fund

Prop Trading
@naitos22” - 1st Year Analyst

Consulting
@Southern Gent” - 1st Year Associate
@Holybanker” - 1st Year Analyst
@Alexkesz” - 1st Year Analyst

Asset Management
@gusher258” - Equities - Research Associate

Equity Research
@localhero” - 1st Year Associate

corporate finance
@STARCHITECT” - 3rd+ Year Analyst

Commercial Banking
@owinter1” - 2nd Year Analyst
@BBDreamin” - 1st Year Analyst

Real Estate
@mbcre12” - Commercial - 2nd Year Analyst

Risk Management
@JPete318” - 2nd Year Analyst

Other
@L12345R” - Legal – Other
@Managerette - Other - Engagement Manager

Are you a working professional and you're interested in joining the WSO Certified User club? E-mail [email protected] and [email protected] your username and send a link to your LinkedIn profile.

 
Best Response

Most Active Monkeys in the past 30 days:

  1. @DickFuld 554, 2. @Dingdong08 428, and 3. @CRE with 231.

If ever you wondered if business school was intellectually stimulating or not, there is your answer. At least 95% of those came while I was in class.

Commercial Real Estate Developer
 

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"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee

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