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Wall Street Oasis » Forums » I-Banking Bullpen
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Rethinking the wall street path
 

reason's picture
reason
     
 
(Chimp, 12
 
Points)
 on 7/26/11 at 10:00pm
seek.jpg

As a former investment banker, I can't help but take concern with young college kids who's shoes I was once in. I totally get why everyone wants to get into wall street: 1) the money 2) creating 'economic value' and speaking with CEO's 3) prestige and status.

I felt the same things. I thought not only was I creating a better life for myself and future family, but I was doing 'good' in the world.

I can't convince anyone otherwise. Some things you'll just have to see for yourself. But for those who aren't thoroughly convinced, I encourage you to keep on digging. A lot of you have good heads on your shoulders. You want to do something meaningful in your lives, and everyone around you from your school, your parents, mainstream society etc. is telling you this is it.

Trust me, the money does nothing more than make it that much more difficult to have a truly loving relationship with friends and family as you can't connect with out it. It also makes us that much more weaker and lost.

Don't make things any more difficult than you have to. If you have any doubt, step back, reflect and re-evaluate before you commit. It gets so much harder to find yourself and pull yourself away from this world, once your in it. And trust me, although most will have to learn the hard way, it will never make you happy. Not your initial analyst job or wherever you go afterwards. Furthermore, there are some real issues and injustices in this world, that require as much help as they can get, perhaps this can be where your talents lie.

For anyone interested, me and my wife have a website you can check out:

reasonofthesoul.com

I made the leap onto wall street myself, so I can't blame others for doing it. The only advice I will give is always keep your eyes open. Don't get lost. And use your god given intelligence.

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Tags:
  • I-Banking Bullpen
Flake's picture

You sound like my mom. I

Flake
      ER
 
(Neanderthal, 3,573
 
Points)
 on 7/26/11 at 12:53pm

You sound like my mom. I don't like it.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

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IlliniProgrammer's picture

Excellent advice; SB for you.

IlliniProgrammer
      ST
 
 
(Almost Human, 9,197
 
Points)
 on 7/26/11 at 1:04pm

Excellent advice; SB for you. It seems like a lot of folks are obsessed with prestige and killing it and forget that money ranks about #10 and prestige about #20 on the list of life's priorities.

Read your blog but see mostly philosophical stuff, some of which I agree with (greed), some of which I don't (metaphysical nature of life). Do you have any practical advice on your experience- how you made the jump from Wall Street to "real life"?

Finally, what is your take on Malthusian economies/ecosystems, and what do you think the planet's sustainable carrying capacity is? I am all for solutions that increase the world's carrying capacity for people or help limit population without human suffering, but how much long-term good are we doing if we prevent a famine by increasing consumption and population? My big fear is that yes, as social creatures, we need to do what we can to fix the injustice and suffering immediately in front of us, but a lot of foreign aid in the past- everything from digging wells to buying villages hefers to food aid- has served more to increase consumption rather than carrying capacity.

Work hard, play hard.

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Edmundo Braverman's picture

Josh Brown had a great post

Edmundo Braverman
      ST
 
 
(Human, 14,336
 
Points)
 on 7/26/11 at 1:10pm

Josh Brown had a great post today on his 1-year anniversary of leaving the brokerage business after 10 years in it. Everyone on WSO should read it:

http://www.thereformedbroker.com/2011/07/26/lesson...

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seedy underbelly's picture

IlliniProgrammer

seedy underbelly
      IB
 
(King Kong, 1,090
 
Points)
 on 7/26/11 at 1:13pm
IlliniProgrammer:

forget that money ranks about #10... on the list of life's priorities

Isn't that wholly personal? Money might rank 10th for you, but it may be the 2nd highest priority for others, for instance.

Also, I bet a million starving African kids would strongly disagree with you.

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IlliniProgrammer's picture

seedy underbelly

IlliniProgrammer
      ST
 
 
(Almost Human, 9,197
 
Points)
 on 7/26/11 at 1:24pm
seedy underbelly:
IlliniProgrammer:

forget that money ranks about #10... on the list of life's priorities

Isn't that wholly personal? Money might rank 10th for you, but it may be the 2nd highest priority for others, for instance.

Also, I bet a million starving African kids would strongly disagree with you.

For those kids, food ranks higher than money. And for those parents, their kids rank higher than money. So yes, those starving Africans agree with me.

Obviously it varies from person to person to some extent but I think that for a mentally healthy human being, money probably ranks behind integrity, their family, their friends, their health, their development as individuals, and what they believe is the root of meaning in the universe. This is really where rational economics breaks down. Ask any healthy human being how much they'd sell their kids into slavery for, and despite all the claims of economists about rational individuals always having a price, most of them would tell you to go to hell.

So no, money is not one of life's top five priorities for most mentally healthy westerners.

Work hard, play hard.

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Flake's picture

"Furthermore, there are some

Flake
      ER
 
(Neanderthal, 3,573
 
Points)
 on 7/26/11 at 1:38pm

"Furthermore, there are some real issues and injustices in this world, that require as much help as they can get, perhaps this can be where your talents lie."

Let's use seedy's African kids as an example of a real issue and injustice in the world...Let's assume I'm a banker and I make regular charitable donations (let's also assume they are quite above what an average person would donate, because I'm "killing it" right?). You are telling me that I would do more good by quitting my banking job (cutting off my generous contributions) and getting directly involved somehow? If this type of migration happened on a larger scale, you would eliminate a major source of charitable contributions. How are you going to feed these kids in Africa? With one of your life-changing stories? I heard those also cure AIDS.

I agree with seedy. It's completely personal. And why can't you be both? Why can't you earn your money and still be responsible? Don't tell me what to f*cking do.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

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doctortt's picture

What if the purpose of my

doctortt
      O
 
(Senior Orangutan, 472
 
Points)
 on 7/26/11 at 1:54pm

What if the purpose of my life is all about fame, prestige, money, etc.? I die and I live for those.

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blastoise's picture

“Greatness is not found in

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/26/11 at 2:08pm

“Greatness is not found in possessions, power, position, or prestige. It is discovered in goodness, humility, service, and character.”

im the one who has to die when its time for me to die. so let me live my life the way i want to. - lil wayne

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pikachu's picture

Wall street should fire all

pikachu
     
 
(Baboon, 164
 
Points)
 on 7/26/11 at 2:12pm

Wall street should fire all bankers since they do "no good" and shut down all investment banks. Then we can see DJA plummet to 1000 points and we can live like the good ole 1930's. Instead this time it will be permanent. I always wanted to experience global famine!

No company will ever be allowed to raise capital or make acquisitions. Honestly, what kind of moron would let a company grow, create jobs, and provide something of value to society?

Guys don't become a banker because you do "no good" to society...instead you guys should become entrepreneurs...but just keep in min that raising capital or selling your company in the future won't be an option because those god damn bankers will be dead.

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blastoise's picture

no 1 is gunna argue with

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/26/11 at 2:15pm

no 1 is gunna argue with pikachu bc he is a yellow fluffy mouse

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whatwhatwhat's picture

Edmundo Braverman wrote: Josh

whatwhatwhat
      HF
 
(King Kong, 1,399
 
Points)
 on 7/26/11 at 2:53pm
Edmundo Braverman:

Josh Brown had a great post today on his 1-year anniversary of leaving the brokerage business after 10 years in it. Everyone on WSO should read it:

http://www.thereformedbroker.com/2011/07/26/lessons-from-the-great-escape/

Good read, thanks!

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UFOinsider's picture

Thanks for the good reading

UFOinsider
      O
 
(Human, 10,313
 
Points)
 on 7/26/11 at 3:01pm

Thanks for the good reading guys.

It doesn't change anything, and I'm still going for it, but it's a good reminder not to get too caught up in this bullshit.

It's just a job.

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

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ragnar danneskjöld's picture

Edmundo Braverman wrote: Josh

ragnar danneskjöld
     
 
(Senior Baboon, 196
 
Points)
 on 7/26/11 at 4:14pm
Edmundo Braverman:

Josh Brown had a great post today on his 1-year anniversary of leaving the brokerage business after 10 years in it. Everyone on WSO should read it:

http://www.thereformedbroker.com/2011/07/26/lessons-from-the-great-escape/

Needed that. Thanks for posting. If I had a SB I'd toss you one (not that you need it).

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Mfsl27's picture

I tossed ya one Eddie, solid

Mfsl27
      ST
 
 
(Senior Monkey, 96
 
Points)
 on 7/26/11 at 5:05pm

I tossed ya one Eddie, solid read there thanks

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Aero's picture

IlliniProgrammer wrote: Do

Aero
      IB
 
(Senior Baboon, 224
 
Points)
 on 7/26/11 at 8:55pm
IlliniProgrammer:

Do you have any practical advice on your experience- how you made the jump from Wall Street to "real life"?

F

Agreed, since while I agree with OP in principle, I just don’t see how to get in without money or extraordinary talents (genius level physics aptitude, etc)

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lookatmycock's picture

my cock ranks higher than

lookatmycock
      HF
 
(Senior Orangutan, 443
 
Points)
 on 7/26/11 at 11:25pm
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Jose.Rey's picture

blastoise wrote: “Greatness

Jose.Rey
     
 
(Baboon, 164
 
Points)
 on 7/26/11 at 11:26pm
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OSahead's picture

Lol @ people who are going

OSahead
      O
 
(Senior Monkey, 66
 
Points)
 on 7/26/11 at 11:32pm

Always be improving

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bIastoise's picture

dumb loll

bIastoise
     
 
(Senior Orangutan, 401
 
Points)
 on 7/27/11 at 12:26am
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DurbanDiMangus's picture

"don't tell me how to live my

DurbanDiMangus
      HF
 
(Gorilla, 722
 
Points)
 on 7/27/11 at 2:26am
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cobey60's picture

IlliniProgrammer

cobey60
      O
 
(Chimp, 12
 
Points)
 on 7/27/11 at 5:08am
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UFOinsider's picture

DurbanDiMangus wrote: you

UFOinsider
      O
 
(Human, 10,313
 
Points)
 on 7/27/11 at 9:54am

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

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TheDudeness's picture

Haha, UFO your statement

TheDudeness
      O
 
(Senior Monkey, 88
 
Points)
 on 7/27/11 at 10:59am
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Maximus Decimus Meridius's picture

DurbanDiMangus wrote: "don't

Maximus Decimus...
      ST
 
 
(Gorilla, 628
 
Points)
 on 7/27/11 at 2:18pm
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reason's picture

Maximus Decimus Meridius

reason
     
 
(Chimp, 12
 
Points)
 on 7/27/11 at 3:52pm
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shawnkemp's picture

reason][quote=Maximus Decimus

shawnkemp
      IB
 
(Senior Chimp, 24
 
Points)
 on 7/27/11 at 10:22pm
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8pmatDorsia's picture

But... But what other careers

8pmatDorsia
     
 
(Monkey, 30
 
Points)
 on 7/28/11 at 12:52am
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rjcip331's picture

if wall street isnt the right

rjcip331
     
 
(Chimp, 10
 
Points)
 on 7/28/11 at 11:37am
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Maximus Decimus Meridius's picture

reason wrote: Maximus

Maximus Decimus...
      ST
 
 
(Gorilla, 628
 
Points)
 on 7/28/11 at 3:57pm
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deal_mkr's picture

i dont get what the fuss is

deal_mkr
      IB
 
 
(Senior Orangutan, 431
 
Points)
 on 7/29/11 at 2:39am
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shera's picture

Anyone who thinks working on

shera
      AM
 
(Baboon, 121
 
Points)
 on 7/29/11 at 10:11am
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alexpasch's picture

shera wrote: Anyone who

alexpasch
      EN
 
 
(King Kong, 1,865
 
Points)
 on 7/29/11 at 6:38pm

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

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ballmouse's picture

alexpasch wrote: shera

ballmouse
     
 
(Senior Baboon, 222
 
Points)
 on 7/29/11 at 7:22pm
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Flake's picture

alexpasch wrote: shera

Flake
      ER
 
(Neanderthal, 3,573
 
Points)
 on 7/29/11 at 7:41pm

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

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DurbanDiMangus's picture

alexpasch to shera

DurbanDiMangus
      HF
 
(Gorilla, 722
 
Points)
 on 7/29/11 at 8:55pm
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monkeyc's picture

arguably investment bankers,

monkeyc
     
 
(Orangutan, 340
 
Points)
 on 8/1/11 at 1:12am
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The Phantom's picture

shera wrote: Anyone who

The Phantom
      HF
 
 
(Senior Gorilla, 966
 
Points)
 on 8/1/11 at 5:01am
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UFOinsider's picture

I think people are confusing

UFOinsider
      O
 
(Human, 10,313
 
Points)
 on 8/1/11 at 8:26am

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

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streetwannabe's picture

UFOinsider wrote: I think

streetwannabe
     
 
(King Kong, 1,316
 
Points)
 on 8/1/11 at 3:54pm

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

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streetwannabe's picture

The Phantom wrote: shera

streetwannabe
     
 
(King Kong, 1,316
 
Points)
 on 8/1/11 at 3:58pm

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

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Bondarb's picture

banking i its purest sense is

Bondarb
      HF
 
 
(Neanderthal, 2,282
 
Points)
 on 8/1/11 at 8:14pm
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shera's picture

alexpasch wrote: You're a

shera
      AM
 
(Baboon, 121
 
Points)
 on 8/2/11 at 9:32am
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Kenny_Powers_CFA's picture

shera wrote: That's a very

Kenny_Powers_CFA
      HF
 
 
(Neanderthal, 2,193
 
Points)
 on 8/2/11 at 10:39am

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

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Soccerguy728's picture

let people choose their own

Soccerguy728
      CO
 
(Orangutan, 321
 
Points)
 on 8/2/11 at 8:56pm
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mxc's picture

shera wrote: How do you

mxc
      O
 
(Senior Gorilla, 811
 
Points)
 on 8/5/11 at 6:12pm
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OMS's picture

I heard a partner at

OMS
      PE
 
 
(King Kong, 1,886
 
Points)
 on 8/6/11 at 3:23am
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ColumbiaKid123's picture

Great read.

ColumbiaKid123
     
 
(Senior Monkey, 92
 
Points)
 on 8/6/11 at 11:44am
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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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  • Fellow Primates, just a quick reminder on some perks for WSO Conference attendees and to let you know that we are quickly running out of dicounted tickets for the 2013 WSO Conference and we are LESS THAN 2 MONTHS AWAY! So if you haven't jumped in on the current deal, you shoudlnt wait....
    WSO Conference 2013 Perks...Time Running Out to Get 50% Off
  • Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any...
    Working In Big 4 Audit
  • I understand the developer becomes the GP for the property and only puts up 10% of the equity, so typically around 2.5%-3% of the project costs. How often is this done on existing properties compared to new developments? Do most PE firms participate in the 90/10 split? What is the exit strategy for...
    90/10 split for PE firms and GPs?
  • in a magic land IBD would be doable. In this land, PWM is what my SA gig is for a junior and therefore I am looking for PWM at GS/MS/JPM. I will be SA at DB/UBS/CS this summer. Let me know what you think. Any chance I can woo the big...
    Aiming for GS/MS/JPM PWM
  • Hey fellow monkeys, I am going to have my first assessment centre in 2 weeks for the investment banking division at VTB capital. I would really appreciate any input on what to expect, especially if someone has previously done an AC specifically at...
    VTB Capital Assessment Centre
  • I'm not sure what compelled me to see Assault on Wall Street over the weekend. I guess I just figured "How bad could it be?". Well, consider that question answered: it's truly execrable, but not without a few unintentional redeeming qualities. We all know the basic premise...
    Assault on Wall Street: It's As Bad As You Think
  • Alright, so I just wrapped up my Freshman year at a non-target; I have a 3.80 GPA, and I will be interning in Washington, DC this summer at the US Treasury. Anyway, there is another internship in "data entry", and they are looking for someone during the evening and weekends, anyway, would...
    Should I accept?
  • Hey guys, So I recently posted regarding my Hedge Fund Marketing interview that I had a week ago today.The actual interview went great; I have the background to get into the field and the guy I spoke with really liked me. So this interview was Monday. The guy asked me to come back in to meet the...
    Interview Gone Wrong
  • Hi, people Here I am with my sad (retarded) story which is , unfortunately, about myself. So, I graduated last year from top 5 Uni with Econ degree and got 59% as final mark which department didn't want to round to 60% as I was naively hoping....
    Sad truth/arrest record
  • hey guys, Just looking for some advice/ information. Graduated in 08 @ a non target school in the UK, started in Wealth management BO ... moved to London for experience and got into FO in a support role for two senior guys and most recently got a role as a portfolio manager at a large...
    The game plan ...
  • Guys, I am trying as hard as I can to break into I-Banking or a hedge fund and I am having much difficulty. If anyone can look at my resume and give me suggestions I would be very grateful. I am so close to giving up but I am not going to stop until I get hired. My experience at the investment...
    Please Destroy My resume, I'm begging you.
  • Hi ya'll, NYT yesterday posted an article regarding YHOO's acquisition of Tumblr. For those of you who haven't read the article, here's the link: ...
    Tumblr acquired by YHOO. Good idea?
  • Hey guys, So asking this question with a couple of upfront assumptions 1) That it is looked upon more favourably by ad comms for a candidate to really get involved in one charity/cause/community rather than to have been involved very slightly in several. 2) That for time-poor candidates...
    How did you find your extra-curricular 'cause' or 'passion'?
  • Right now, I'm 20 and I have about $20k to my name. It's all sitting in a checking account with no fees. I pay for things with a debit card. I want to start a credit card to build my credit history. I also recently opened a low-fee brokerage account and wanted to put most of my cash...
    Personal Finance: Credit/Debit Card, Checking/Savings Account, Index Fund
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
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Highest Ranked Content

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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
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
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
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
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