In case you missed them, here's some of last week's most popular topics:
The 7 Habits of Highly Effective People
Post By @Deconstructing Excellence
I found it useful to rephrase each buzzword title into an action point that more directly states the meaning of what the author had in mind.
- Be proactive.
Adopt a perspective of responsibility for your actions, reactions, and results.
- Begin with the end in mind.
Make sure your efforts start with establishment of your personal principles.
- Put first things first.
Spend your time on things that are important, not on things that are urgent.
- Think Win/Win.
Approach every interaction with the perspective of trying to fix the system, not the person, in order to find the solution that is best for all involved.
- Seek First to Understand, Then to Be Understood.
Meet people’s need to be understood, establish trust, and communicate your emotions; communicate your logic last.
- Synergize.
Combine the first five habits for an exponentially higher level of effective and cooperative daily interaction.
- Sharpen the Saw.
Take the time to maintain and renew your mind, body, emotions, and spirit.
Books that inspired you
Post By @procrustes
What are some of your personal favorites or books that simply inspired you? The books don't have to be business/finance related.One of the best books I've read in a while was probably Arbeit und Struktur (not sure if it has been translated into English yet). It's pretty much about the author's struggle to accomplish as much as he can in the limited amount of time he has before he dies from his terminal brain cancer. It made me realize how much I take for granted.
What is your investor profile?
Post By @Tiphaine-Saltini
Over the past 30 years, behavioral finance has worked on integrating these psychological factors into the traditional financial model. So during my thesis, I created a test based on this. If you are curious to know your investor profile, you may take the test here!
DCF Myth 1: If you have a D(discount rate) and a CF (cash flow), you have a DCF!
Post By @Aswath Damodaran
This is the first of a series on DCF valuation and I will use it to challenge the widely held misconception that all you need to arrive at a DCF value is a D(iscount rate) and expected C(ash)F(lows). In this post, I will take a tour of what I would term twisted DCFs, where you have the appearance of a discounted cash flow valuation, without any of the consistency or philosophy.In its scariest form, a Mutant DCF can be just a collection of numbers where items have familiar names (free cash flow, cost of capital) but the analyst putting it together has neither a narrative holding the numbers together nor a sense of the basic principles of valuation. In the best case scenario, these valuations never see the light of day, as their creators abandon their misshapen creations, but in many cases, these valuations find their way into acquisition valuations, appraisals and portfolio management!
Ask Me Anything: First-Year (and Recruiter) at MBB
Post By @NoName
I work with the school specialists in a nearby office and together, we screen resumes and just send an email to the recruiting team with the list of interviewees we want.Networking is HUGE to land an interview if your resume isn't perfect. I've personally added people to the interview list because I remember talking to them and liking them (of course they were qualified as well, but between them and a similarly qualified person I've never spoken to, I'll go with the person I know). But networking matters much less after the interview selection stage.
2015 IBD Summer Analyst Comp
Post By @grizzlybear
Please add datapoints if you can! Some information about stipends/OT is probably being omitted because of a lack of information but I'm fairly confident about the base numbers.
You won't believe who HBS dinged this year
Post By @mbavsmfin
HBS admissions used to be kind of straightforward, but as the best students from the top schools gravitate to MBA rather than MD or JD, competition has become brutal. I don't think there's any doubt that HBS is more selective than any other professional grad school in the world.
Nothing rustles my jimmies more then kids who change their LinkedIn headline to Incoming Investment Banking Summer Analyst
Post By @stoked365
Try hard, man... If you're locked in for the summer and hopefully a FT offer, what really is the huge rush to make all your fellow prestige whores jelly? If you are one of these people, please explain your rationale!
BroBible interviews ex-Lazard turned pornstar
Post By @BatMasterson
I don't know why people here are not following up on this. Veronica Vain offers her career advice: "So I took a full scholarship to the University of Florida..."So what's on the horizon ? "Development of multiple revenue streams?"
