Search results

  1. why so little macro on the due diligence for equity research?

          the title is pretty straightforward. I am wondering why such little attention is devoted to the classic "bigger picture", aka macroeconomics on a regional / zone / global scale as opposed to the in depth diligence on all the ...

    10 comments - 0 silver bananas - Feb 8 2016 - 11:40am -

  2. Del.

          /thread Cries answered and got a silver banana. value ...

    17 comments - 0 silver bananas - Dec 2 2014 - 3:03pm -

  3. 6 Points To Remember When Negotiating A Salary Raise

    By Sophie It's ironic that we're never taught about negotiations in classes. I suppose it was something where actual practice is needed, but it certainly helps to have some guidelines or emphasis on it (not only until we started our careers!). ...

    5 comments - 1 silver bananas - Mar 11 2015 - 12:00am -

  4. Warren Buffett- The Greatest Investor Ever?

    Recently, after posting a gain of over $20bn (14%), Buffett called his performance for the year "disappointing". He has one of the greatest track records in history and an approach that is dictated by fundamental value investing. Admittedly a lo ...

    29 comments - 0 silver bananas - Mar 6 2013 - 7:45pm -

  5. A Banking Primer

          Value investors come in two types, the ones who will look at financials, and the ones who won't.  If banking is your forte I would encourage you to read the paragraph on my approach then come back for my next post.  If banking is ...

    20 comments - 10 silver bananas - Aug 20 2013 - 3:51am -

  6. Stock-based Employee Compensation: Value and Pricing Effects

    In my last post on Twitter, I argued that the firm's claim that it actually made money in the last quarter of 2013 was fiction. That may sound like an exaggeration, since the company is transparent about the adjustments that it made to get to its adj ...

    7 comments - 3 silver bananas - Feb 21 2014 - 5:00pm -

  7. Fundamental L/S Equity Internship Advice [How to get a FT offer?]

          I will be in interning at a fundamental l/s equity fund this summer. My background is 2 years investment banking, 3 years private equity, 1 year of business school completed thus far. Aside from the work hard, ask questions, etc. WHAT ...

    13 comments - 0 silver bananas - May 6 2014 - 3:12pm -

  8. Macro vs. Value Investing

          Want to hear your opinions on macro investing versus value investing, the two completely different strategies. Any insight on the industry trend? Macro value ...

    16 comments - 0 silver bananas - Nov 8 2013 - 3:45am -

  9. Most undervalued stock ever

    CF Industries (CF) Go. Stock value p/e CF Forward ...

    27 comments - 0 silver bananas - Apr 16 2013 - 10:50am -

  10. Mentally Tough Love

    Ok, so today out of the blue it just sort of hit me...I want to give you guys a gift. It is a catch-22 sort of present...wrapped in shiny foil, with a pretty bow, but holding within it's friendly confines an ugly truth. You. Are. Soft. Naturally, if ...

    13 comments - 0 silver bananas - Nov 12 2010 - 12:07pm -

  11. Ivey Value Investing Program- A Substitute for Columbia?

          Sorry for the length.... I am wondering if anyone out there can shed some light on this/ open a conversation on the topic. For those who are interested in a value investing career, there seem to be two good options. First and most fam ...

    2 comments - 0 silver bananas - Feb 9 2016 - 2:32pm -

  12. Do traders add value to the economy?

          Do traders add value to the economy? How would you respond to the average person crying "traders just push money around to make more money, they don't add VALUE to the economy" etc. traders value ...

    35 comments - 0 silver bananas - Aug 11 2011 - 6:24am -

  13. Best Entry Level Job for Running Future Hedge Fund

    Contrary to what many on this forum appear to recommend, it seems that many of the top hedge fund managers today didn't start their finance careers out of IB. For example, Bruce Berkowitz started out in PWM, Seth Klarman started out as a research ana ...

    28 comments - 0 silver bananas - May 15 2011 - 4:28pm -

  14. Governments and Value II: Subsidies and Value

    In my last post, I looked at the negative effects on equity value of the threat of government expropriation (nationalization). In this one, I want to focus on the more benign (and perhaps positive) impact that governments can have the values of some compa ...

    6 comments - 5 silver bananas - Apr 27 2012 - 7:08pm -

  15. How Do You Respond to the "Traders Just Move Money Around" Argument?

          So, a lot of people argue, and especially lately, that traders don't actually "add value" to society. They just "move money around." Traders don't improve companies and make them better, they just buy and ...

    26 comments - 0 silver bananas - Sep 15 2009 - 1:09am -

  16. Midsized Texas HFs

          I am looking for a list of mid sized Texas hedge funds, in particular I am interested in value oriented funds. Any recommendations would be great! hedge fund Houston value Texas dallas ...

    8 comments - 0 silver bananas - May 10 2013 - 12:11am -

  17. Earnings surprises, price reaction and value

    The earnings season is upon us and each company's earnings announcement is eagerly awaited, traded upon and talked about. For widely followed companies like Apple, the obsession with what the next earnings report will deliver overwhelms any sensible ...

    5 comments - 1 silver bananas - Jul 25 2012 - 5:02pm -

  18. How to Become a Better Investor

          I love to run.  I enjoy being outside, and pushing myself both physically and mentally.  Running fills both of those needs.  I'd like to become a better runner by increasing my endurance, and decreasing my times.  The only way fo ...

    4 comments - 3 silver bananas - Feb 4 2014 - 11:21pm -

  19. HomeAway Prepares for $300 Million IPO

    Vacation rental giant HomeAway.com is getting ready to go public this summer in an IPO valued at an estimated $300 million. The company has selected Morgan Stanley, Deutsche Bank, JP Morgan Chase, and Goldman Sachs to manage the offering. The offering is ...

    6 comments - 0 silver bananas - Feb 22 2011 - 5:45am -

  20. Want to start a Value Fund

    I want to eventually, one day, start a hedge fund that is a value fund. However, before that happens, I need to work somewhere where I can build a network and, hopefully, improve my investing skills. This is why I am posting this question. Out of all the ...

    9 comments - 0 silver bananas - Sep 13 2011 - 2:53am -

  21. perceived value of an MBA in the long run

    I had a sidebar conversation with Betsy Massar and thought I'd repost the gist here for anyone who's interested. Basically I posed the question what is really the value of an MBA in the long run? As someone interested in working in Asia, I was c ...

    6 comments - 0 silver bananas - May 26 2012 - 12:33am -

  22. NEED GENIUS HERE-COME QUICK

          say, this segment of a company is expected to produce-100K cash flow till perpetuity how do i discount it? discounting negative value makes no sense eg, if my cost of capital was 10% i would have a PV of-1M if my cost of capital was 5 ...

    5 comments - 0 silver bananas - Dec 6 2012 - 9:34pm -

  23. 130/30 vs. L/S Equity

          hey everyone I read a wikipedia article regarding the 130/30 strategy which argued that it was more of a long strategy that had some short exposure and therefore could not really be compared to a traditional long/short equity hedge fu ...

    7 comments - 0 silver bananas - Jan 27 2011 - 7:08pm -

  24. Ben Graham's The Intelligent Investor

          Is is book as good as Warren Buffet claims? Is it getting better with age or has it lost most of its relevance in today's world? Have people on this site read it? Just wanted to gauge opinion J x investing value Buffet ...

    8 comments - 0 silver bananas - Jun 8 2010 - 8:25am -

  25. LBO valuations-- I really do not understand it

    Hello, I would like to know if someone could provide some information on a couple of questions I have regarding LBOs and valuating them. I am working on a model which has projections going out 6 years. I am told to assume the terminal value is 10.4 times ...

    10 comments - 0 silver bananas - Apr 7 2009 - 6:55pm -

  26. Top MBA program for future in value hedge funds?

          Hey. Well, it seems like the 3 schools that are mentioned as having the best mba programs are harvard, wharton, and stanford. However, wouldn't going to Columbia instead of the aforementioned schools be of greater value to someon ...

    6 comments - 0 silver bananas - Jan 10 2011 - 10:55pm -

  27. WSO Worth > $1MM

          http://bizinformation.org/us/www.wallstreetoasis.com WSO cracking the million dollar valuation mark! Check out the YoY unique visitors... damn. Impressive. value ...

    7 comments - 0 silver bananas - Dec 28 2009 - 5:53pm -

  28. Value Investing Equity Research

          I am currently a rising senior working at a mutual fund this summer. I have come to the conclusion that I am a value investor, and would love to continue this passion in my career as a research analyst. I have networked with one deep ...

    1 comment - 0 silver bananas - May 5 2016 - 4:29pm -

  29. The MOOC stumble: Lessons from Napster and the Music Business!

    I have been a long time proponent of online education and have been offering webcasts of my classes since 2001. However, I was a little skeptical about the news stories that appeared a couple of years ago about Massive Open Online Courses (MOOCs) being th ...

    2 comments - 0 silver bananas - Jan 30 2014 - 11:00am -

  30. Valuing a private company

          Does anyone have any information valuing a private company with very little publicized and accurate financial information? I'm trying to do a valuation on the UFC for a school project. Thanks Company value private ...

    7 comments - 0 silver bananas - Feb 26 2009 - 5:54pm -

  31. Value vs. Deep Value

          On HedgeTracker, some funds are classified as "value" and others are "deep value." Are there any hard differentiators between a value and deep value play (or is it largely subjective)? Much thanks. value ...

    3 comments - 0 silver bananas - Aug 12 2013 - 6:56pm -

  32. Fundamental Value for Personal Investing

    Quick question- what approach would you guys take when looking into company fundamentals for your own personal investing assuming lack of access to Bloomberg / ER reports etc? For the big, diversified & global companies there is an insane amount of in ...

    3 comments - 0 silver bananas - Apr 1 2013 - 6:12pm -

  33. Best Firms to Prepare for Value Investing Career?

    New to this side of the forum, but I'm an undergrad junior studying Math & Economics at a west coast target. My GPA is ~ 3.65; I've interned at a middle market investment bank already and studied abroad at the London School of Economics. My ...

    3 comments - 0 silver bananas - Oct 10 2012 - 9:25pm -

  34. Carrying Value Of A Private Equity Fund

    Hi everyone, Newbie question, but indulge me please. How does one go about calculating the carrying value/book value of a private equity fund? Is it based on the expected return of the fund's companies at the exit? Or is it strictly how much money on ...

    4 comments - 0 silver bananas - Dec 5 2010 - 3:36am -

  35. The barbarians are at the gate! Of universities, moats and disruption!

    In my last post, I attempted to break down the bundled product that comprises a college education into its component parts, and closed by arguing that the future of universities rests on their ability to preserve the competitive advantages that have allow ...

    2 comments - 3 silver bananas - Feb 3 2014 - 3:11am -

  36. How much is growth worth?

    In my last post, I looked at the price being paid for growth by valuing the assets in place in a business. To make this judgment, I assumed that the business would pay its entire operating income to claim holders (as dividends to stockholders and interest ...

    2 comments - 2 silver bananas - May 30 2012 - 1:19pm -

  37. Greenstone Value Opportunity Fund, LP 2010 Annual Letter (Distressed, Deep Value Fund)

          After closing three strong years of performance (2008- 2.5%, 2009- 36.5%, 2010- 15.6%), Greenstone shares its outlook for 2011, as the year of "dividend chasing." 2010 was certainly a year of "credit chasing," wher ...

    3 comments - 0 silver bananas - Feb 25 2011 - 10:08pm -

  38. EV Formula for Banks...?

          I have an interview coming up on monday for a FIG position. And I got some open questions about valuation: Obviously it is most appropriate to apply DDM or Equity Comps (such as PE, P/B) for a bank valuation. What is then the enterpri ...

    3 comments - 0 silver bananas - Feb 4 2011 - 6:41pm -

  39. What are the best value screens/filters to use?

          I know everyone has their own set to monitor companies. Just wondering if anyone could share what they use and why. I am wondering about the filters after the standard P/E or EV / EBITDA. Thank you metrics value investing ...

    0 comments - 0 silver bananas - Apr 16 2015 - 3:23pm -

  40. Valuing an auto maker?

    How to value an auto manufacturer? Think F, GM, Toyota. Very cyclical, DCF might not be the best idea. EV / EBITDA would standardize for tax differences between international comps, but I feel as if pension obligations should be thrown in there as well (m ...

    2 comments - 0 silver bananas - Jan 22 2011 - 6:20pm -

  41. Learning Excel vs Doing Excel

    Hi all, I came across a few Excel lessons with "levels" at my school. Now, I understand that Excel is a widely used program across Finance. I'm not too well versed in it (never really needed it), but knowing its importance, would you recomm ...

    2 comments - 0 silver bananas - Sep 25 2010 - 1:04am -

  42. Long/Short Placement- Booth vs Kellogg

          What is the view on how competitive Booth graduates are in getting into long/short value funds? Is Kellogg competitive here? Booth clearly is strong in quant based strategies but how well do its graduates place (and how does it compar ...

    2 comments - 0 silver bananas - May 4 2010 - 1:48pm -

  43. Value Hedge Fund Compensation

    I am wondering what the average compensation is for analysts/portfolio managers,etc. in value and special situations hedge funds (no quants). Obviously, an analyst doesn't make as much as a portfolio manager, but I am after what a typical pay progres ...

    2 comments - 0 silver bananas - Apr 1 2010 - 10:54pm -

  44. The Investing Obsession

    Looking back in retrospect the idea of investing was quite alluring, I mean who wouldn't want to take a pile of money and make it larger. However, having embraced the culture to understand true fundamental analysis (note not speculating) I'm som ...

    0 comments - 0 silver bananas - Sep 6 2014 - 9:34am -

  45. Investment Mix

          There are mixed reviews on this so I'm curious as to the opinions on this forum for ideal asset mix to achieve the best possible long term rate of return. As an example, let's take an investor who is 30 years old, does not p ...

    1 comment - 0 silver bananas - Oct 26 2013 - 10:45am -

  46. Industry Multiples

          Hi, I was hoping to get some help in finding industry multiples for a comps valuation. I'm not in the PE industry, but I'm doing it as a project (and it has to be as real as possible). Any help would be much appreciated! T I ...

    1 comment - 0 silver bananas - Aug 5 2011 - 6:18pm -

  47. Ruane Cuniff and Goldfarb

          Value investment shop that's very traditional- what are thoughts on working in an investment role there relative to a PE or hedge fund? Reputation (blue chip among value investors but not much publicity)? value ...

    0 comments - 0 silver bananas - Jul 3 2011 - 8:54pm -

WallStreet Prep Master Financial Modeling