The skilled investment banker do they rely on ethics?
Investment banking is more than a job it is a field of knowledge and skills. The profession requires an aptitude and knowledge base that rivals doctors and lawyers. So why are we confronted with hustlers and scam artists? Should investment underwriters be accepting of charlatans and confidence men or should those pseudo-professionals be squezzed out of the market?
Game theory - you only deal with someone who burns you once, then not again.
If someone is a complete charlatan, they won't last past one deal because no one will work with them again.
Some bankers talk well but don't know that much about what they are talking about, or have good relationships. IBs tend to identify that, put them in a position where that strength can be exploited and keep them away from the metaphorical sharp knives ie access to capital or the ability to put the IBs reputation capital at risk.
Thank you my brotha!!!
why do you even exsist
You are concurring with me on this admonishment correct? If not we gotta talk "wannabe."
Because I'm awesome...
Did you just seriously compare the knowledge required for investment banking to having to go through 8 years of medical school to learn how the most complex mechanism in the world (the human body) works? This discredits the entire topic.
Wrong!!! 8 years of contemplation over complex economics wouldn't give you enough true deliberate instincts to engineer an effecient market which will not only both benefit yourself but the economy as a whole. That is why we (investment bankers and US markets) have incurred failed bankruptcies, and markets bubbles which eventually precipitate markets that scare investors away (real revenue). Instead of sucking commissions for the rest of your life that yield no penultimate sincerity or meaning, with regards the constructivity or productivity, why not change your perspective to the voluminous amounts of statistical research studies which are comparable to medical statistics (research statistics) in investment banking? Investment banking is a deadly serious game and a seriously deadly game. Wars are created from investment banking "screw ups!;" people go broke and people have died because of investment banking blunders and inprudent investment banking calculations---so ask yourself this question: Is investment banking similar to doctors and lawyers?
No. It isn't. It obviously doesn't require the same volume of knowledge as either of those professions which is why people are hired into the industry after 3-4 years of undergrad, some with completely unrelated formal educations. You can try to glorify the profession all you want and make unfounded claims to try and support your arguments but this is the truth.
My friend civilly stated here, my claims are no where near unfounded, and I am not glorifying Investment Banking, what I am stating is matter fact. Unfortunately within the greater market, Investment Bankers' perceptions are grossly skewed to the pretensious ideal of merely making money. We'll I hate tell you truth about where these misperceptions foment but, you have people simply giving you money after a barrage cold calls and people use the misnomer "Investment Banking" to describe this action that you people conduct. It is nothing like attempting to calculate what Vladimir Putin's rationale is for attempting to reestablish a Soviet Economic Bloc in eastern europe and then applying capital transactions and analyses (with complete probabilistic equations) in order to undersell his natural gas stock to bring the price of Russian natural gas to a floor, so that Russia has less bargaining power and is rendered unable to exact the degree of extortion and intimidation to which they aspire over Europe. I know what is required to be a profficient Investment Banker, I studied it throughly in my undergrad and graduate degrees. There are totally crappy doctors and lawyers in the world who somehow by the grace of God graduated by mere status quo, and did virtually nothing in college. Again its all a matter introspection and what degree of seriousness you apply to this field. And maybe you didn't study mathematic, physics, chemistry, economics, finance, accounting, history, contemporary politcs, basic law and other pedantic fields of study in order to undersand how investment banking works and maybe your only goal in life to have a job, buy a house and raise some kids, but this IB's intention is to understand more than the status quo, and create something that will long be remembered by the nation and possibly the world. So, please don't patronize me over the complexity of Investment Banking, I know personally how complex IB is and have experienced first via Enron, and 9/11 how inaccurate calculations and gross negligence in planning can create catostrophic chaos for the world. Nice talkin to ya dude, and good luck.
Actually, you still have not provided any references to your wordy claims and are just speaking in vague points, copy & pasting your posts. The fact is, that investment banking is a term with a set definition, not up for your interpretation. You clearly are defining it as something along the lines of global banking or whatnot. On another note, I have actually studied all of those fields to some extent, and know that barely any of that is used for investment banking (as the term is actually defined, not how you seem to define it). As for your crappy doctor comment, take an average investment banker and an average doctor, give them both 3 years of good work experience and honestly tell me that the banker has an objectively broader base of knowledge and skills then the doctor. You take pride in your work? Fine, but whether you like it or not, you are over-glorifying it. The fact that people here, some of whom work in the industry attest to this fact means that you are indeed over-glorifying it. The fact that somebody who led one of the largest investment banks in history and has had more interaction than probably any of us with investment bankers of all calibers also called you on your bullshit affirms this fact. Nice talkin' to ya dude, and good luck.
PS.: You also misspelled the word "pretentious" whilst typing out your spiffy little brain fart, is this the attention to detail a visionary investment banker exhibits?.
Investment banker vs a doctor? Is that a joke?
my tiny brain can't understand all these big words.
People like you are the reason I drink.
I'm not sure if this was intentionally or unintentionally funny. Either way, thanks.
R-e-e-a-a-l-l, Investment bankers study 8 years of mathematics, statistics, economics, accounting, physics, chemistry, biology, history, law and politics, and engineering to understand the most complex capital transactions and economic systems in the world...(:|
You think it takes talent to work in IBD? That's laughable. As a good friend, former GS TMT now KKR, put it: "a fucking homeless man can do this; they only choose us because we go to Harvard."
So why don't you become a homeless person...? (:| I am going to ignore that comparative statement between Investment Bankers and homeless people, much like your rhetorized audacity of my intercomparing doctors, lawyers and Investment Bankers.
By any chance, are you fucking retarded?
Just LOL at ethics
I see... :(
You use big words to cover up the fact that you're dumb. And 9/11 was not caused by investment banking.
I am afraid not, I use big words for accurracy when articulating. And do your research there was a Global investment banking element within the events that lead to 9/11, the final justification was fundamentalism in Islam, but there is a global investing and economic crisis in the middle east and Eurasia which precipitate into catalysmic events (acts of war and terrorism) cyclically and of a going concern. Anytime you want a strict academic throw down just ask for my phone number and "we can go"--off of the WSO website. Gotta respect Mr. Curtis's rules of participation.
Showing results for accuracy Search instead for accurracy
why do you talk like this
You lost OP?
Are you messaging me? Is that a feable attempt to characterize my discussion as OP (the kid on Any Griffith?)
OP: original post(ER)
Principle? N*gga please, you know we both dead inside
This thread knocked at least 2 points off of my IQ. Please stop.
yieeass! bro! Yes!
//www.youtube.com/embed/5hfYJsQAhl0
I hope the OP might be trolling.
No...no, Xanatos I am not trolling. I actually created this post for serious "ADULT" "PROFESSIONAL" and "MATURE" opinions that I want to read and, even create humor if necessary. Its seems as if the TROLLS led their insurrection on "Mordor" in my thread...
Let's back up, if we can. Tell us about yourself. Not in any way an affront; just would like to know (saliently) your background (professional and academic).
By the way - not sure whether this was a mistake or done on purpose - but you've written capital as "captial" in your tagline.
Yeah I apologize for those typos, when I am irritated with antagonists I tend type real fast, so typos occur. I also neglect the spell check function because, I am conversing my way around this individual (s) and want to alleviate my self of their presence; not really trying to impress them with my loquacious vocabulary so, I click the "add comment" button wantonly. I am a completed MSci (DEGREE IN HAND) in Industrial Engineering ( with probablistic financial management for engineers) and Applied Statistics. I completed my Bachelors in Quantitative Economics with concentration and cognates in Mathematics, and Spanish. I have worked in all aspects of analysis from invesment analysis to governement actuary and actuarial analysis (no insurance underwriting) to corporate controller and auditor. I have actual work experience where I placed demands upon business owners which saved multi million dollar production facilities and brought them back from the brink of bankruptcy. I have written numerous theses and detail analyses which advise governments and individuals on the best optimal approach to investment strategies, and I am the proud founder and owner of Countess Capital and Condesa Capital. I currently work for the Federal government in analysis and I am in the process of establishing a regional stock exchange.
Glad to see this is where my tax dollars are going...
Paragraphs, people. Paragraphs make your walls of text so much easier to read.
Like the comma and full stop, Paragraphs are a fabulous innovation.
Can we have more paragraphs in this thread?
Adjusted my last post to accommodate your desire for more paragraphs. Enjoy, good sir.
You suggestion is duly noted, thank you for your civil assertivenes.
This countless capital guy is really falling into the "I work for the government" stereotype.
LOL at this thread.
Holy shit this escalated quickly. I don't think he's trolling either.
Eligendi et culpa quas fugiat fuga consequatur. Sit tempora velit minima aliquam beatae ratione harum ad. Similique animi rerum ducimus nihil. Dolorem repudiandae et a occaecati. Sequi nostrum aut odio asperiores.
Error earum ut soluta nam laboriosam nihil quas. Et blanditiis et facilis est et amet nihil. Amet dolores eligendi odio id exercitationem minima ipsam.
Impedit qui iste voluptas culpa. Sunt recusandae at ea quisquam similique omnis. Illo animi qui similique et quia iste earum vel. Quisquam et dolor dolorem a consequatur quisquam aut.
Quo laborum accusamus sunt sit ut consequatur. Modi incidunt sit a reiciendis. Tempora iusto qui et vero veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ea non iusto occaecati eaque ea. A sapiente mollitia ut blanditiis.
Recusandae aperiam maiores consequatur harum et. Maxime animi iure odio ipsum voluptatum. Nesciunt cum eveniet est architecto facilis sit facere.
Excepturi asperiores est nobis voluptatum. Et nostrum rerum quis saepe asperiores eos ipsam modi. Facilis tempore velit et rem.
Necessitatibus accusantium quia autem rerum. Sequi ut eum blanditiis. Et est quia labore corrupti iusto aliquam expedita.