Want the Secrets to Succeed on Wall Street?

Click below to get access to our Free Wall St. Compensation Report and more.

About WSO

16 year old Hedge Fund Manager Share

CornerOffice21's picture
IB
 
Points)
 on 5/23/12 at 11:00pm
16 year old hedge fund manager.jpg

I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting,

I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.

I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager?

Join the WSO Resume Review Team Share

AndyLouis's picture
(Neanderthal, 2,131
 
Points)
 on 5/23/12 at 10:45pm
resume_review_service.jpg

We are looking to add several Resume Reviewers to the WSO Resume Review team.

Requirements:

  • MUST have at least 2 years of professional experience in Investment Banking (ideal), Private Equity, Hedge Funds, Trading, Consulting, etc
  • Attention to detail a must
  • Willingness to go above and beyond to make the client happy
  • Experience reviewing or screening resumes is a plus

    • More info:

    Do You Care About Your "Value Add" to Society? Share

    BlackHat's picture
    HF
    (Gorilla, 653
     
    Points)
     on 5/23/12 at 10:15pm
    Raj

    I've been bombarded lately by people asking me if I feel fulfilled with my job in finance, or how it helps the general public... trying to compare what I "give back" to what a doctor provides to society. When my answer is "well, nothing really," they want to ask how I can live with myself. Personally I couldn't give less of a fuck, I'm just doing something I like and getting paid money (which I also like) to do it. Who cares about anything else?

    Thoughts from the general monkey population? Anyone find a need to justify their career's "value add" to society?

    Dream Degree Share

    SynergyWeek's picture
    EN
    (Baboon, 154
     
    Points)
     on 5/23/12 at 9:00pm
    9.college.jpg

    Someone asked me this earlier and it got me thinking. These days education seems so hard wired to graduate positions that it feels odd to even discuss education for education's sake.

    If degrees had no bearing on jobs and you had to get a degree, what would it be?

    Facebook IPO post mortem Share

    Yuriy A's picture
    AM
     
    Points)
     on 5/23/12 at 6:30pm
    facebookfail2.jpg

    Now that we are three business days into the Facebook IPO, there are more problems than anyone could have forseen. Facebook, Morgan Stanley, and Nasdaq have all had major issues during the IPO process and are now being scrutinized in the media as well as the political scene. Let us look at the biggest problems.

    Morgan Stanley
    Monday afternoon news came out that the MS research department amended earnings estimates for Facebook and that the information was disseminated only to institutional clients, leaving the retail investors in the dark during the road show prior to the IPO. Although this is not currently a legal violation, it is certainly an ethical one. Any update to an outlook on an entity by a banking institution should be disseminated to all clients simultaneously so that everyone has an opportunity to process the information and trade accordingly.

    Private Equity Summer Intern Share

    Login or Register to Apply

    The Intern plays an instrumental role in identifying, analyzing and executing investments, as well as assisting in the support and monitoring of partner companies. The Intern is expected to possess strong financial analysis and modeling skills, effective communication skills, and a genuine curiosity or passion for investing and building long-term great businesses. Typical responsibilities will include:
    • Assist in the sourcing, initial screening and execution of potential investment opportunities
    • Build complex financial models to analyze investment returns and conduct various valuation analyses (e.g. DCF, Transaction Comparables, Public Comparables)

    Are Momma's Boys to Blame for the Euro Crisis? Share

    Addinator37's picture
    AM
     
    Points)
     on 5/23/12 at 4:30pm

    Noting the confluence of topics about the baby boomer generation and financial woes of our youth today, I had this nifty chart sent to me today. Many of you may have seen it but it is interesting nonetheless. Basically, this is a chart comparing the CDS’s of European countries against the percentage of males living at home.

    Long or Short Video Games? Share

    In The Flesh's picture
    HF
    (King Kong, 1,291
     
    Points)
     on 5/23/12 at 2:30pm
    diablo.jpg

    A lot of folks around here have been in all-out Diablo III mode, the latest hit from Activision Blizzard (NASDAQ: ATVI). But does Diablo’s success translate into a long equity position in its creator?

    Activision Blizzard’s stock has struggled for years, trading at $10-12 range since January 2009. With a market cap of over $13 billion and trading at 14.5 times earnings, it seems that even with hit after hit that stock just doesn’t seem to budge.

    Some would argue that the fundamentals of the gaming industry are changing.

    Detractors of the video game industry in general would argue that although hits like Diablo, World of Warcraft, and Call of Duty do make money for the company, their success is uneven and comes in fits and bursts throughout the year. And they cost a lot more capital to produce than a lot of investors realize.

    Be a Wall Street Oasis Contributing Author Share

    AndyLouis's picture
    (Neanderthal, 2,131
     
    Points)
     on 5/23/12 at 2:15pm
    monkey-typewriter.jpg

    Project description: Finance / Wall Street / Business Writer
    We are looking for several talented writers (professionals in the finance industry preferred) to write for WallStreetOasis. There is a list of suggested topics you can choose from but if there is an area of interest/specialization you would prefer to write on we are very open to hear your ideas (ie trading/markets, street culture, advice/mentoring etc).

    We only ask that you commit to a minimum of one post (400 word min.) per week and a minimum of 8-10 weeks. More details will be provided during the interview process. We are also open to guest-writing possibilities if your schedule does not allow for a regular writing schedule.

    Here are some of our current writers:

    GS Analysts Fired For PE Recruiting Share

    rossi99's picture
    O
    (Chimp, 9
     
    Points)
     on 5/23/12 at 1:00pm
    devil angel.jpg

    As we all know a first year analyst has to make a decision around this time of the year: a) take part in PE/HF recruiting for a job that would start after his/her two year commitment, or b) be a good monkey and stay out of the recruiting process because his/her firm prohibits it / it is a conflict of interest.

    At this time, GS JM’s think the correct answer is A, while higher-ups, who believe there is a firm policy in place that says no analyst shall take part in recruiting until six months from the time they’ve finished the two year program, are going with B. So now this is happening:

    Goldman has been firing IBD first year analysts with buyside offers for next year. Senior people are calling up funds to ask if any analysts have received offers from them. A bunch have been cut so far.

    A bunch, we’re told, is in the ballpark of four, which seems like enough to put the fear of god into people.

    What are people's thoughts on how this will effect the traditional PE recruiting process? Could this push recruiting back for all banks? Also, any thoughts about whether this will hurt GS IB recruiting?