Happy Monday WSO!
Upcoming events:
RE Buy Side Quarterly Dinner/Drinks - San Francisco, posted by @World-Domination".
Upcoming webinars:
-Webinar: Consulting Case Walkthrough -- 5pm ET, 2/9/16
-Webinar: Hedge Fund Investment Pitch -- 3pm ET, 2/14/16
Upcoming webinar rewinds on the WSO Frontpage (replays of old webinars you may have missed, free for 24 hours):
Hedge Fund Investment Pitch + Q&A, 2/10/2016
Posts of the Week:
Guide: Cold Contacting Investment Bankers For Non Targets by @Big_Red". 22 SB's.
Congratulations to the 2015 WSO Forum Member of the Year: DingDong08 by @Dingdong08". 17 SB's.
Wharton MBA bound: things I wish I'd known during the app process by @onlythestrongsurvive". 15 SB's.
Discussion Topics of the Week:
:'-( RIP Bonus by @VaultinDasOberland". 55 comments.
Do BBs give laptops to remote in from home? by @juniorfinancier". 26 comments.
Disclose mental illness to HR? by @confusedanalyst". 25 comments.
AMAs of the Week:
I went> B4 Audit> B4 CF > IB: Ask me anything by @williamthesnake". 7 SB's.
MSF -->> Big 4 Valuation AMA by @Esuric". 2 SB's.
Comment of the Week:
This comment: by @Dingdong08" in the post ":'-( RIP Bonus".
Same thing happens on the buyside, at least on the PE buyside. You work to get an off-market deal for months that does not materialise because someone gets cold feet, you get into an auction and bust balls doing DD to not win it. On the other side of the deal, the sell side banker's deal blows up because of the buyer or any one of a hundred factors-- that's our deal blowing up. What is worse is when you invested in a deal which lost money-- that is much worse than a dead deal which you did not not make any money from. My friends in HFs do not have the problem of not being able to do a deal, because they basically just buy it (whatever somewhat liquid instrument "it" is). However, my HF friends can be flying high, hit a bump and be under their high water mark and make no money for a couple of years, getting back above water or worse yet, blow up a week/month/six months later and be really fucked.Like the old saying goes, if making a million bucks were easy, everyone would do it. You just have to keep grinding.
Most Active Monkeys in the past 30 days:
1. @Dingdong08" 556, 2. @DickFuld" 437, and 3. @CRE" with 353.
See where you rank here.
New WSO Certified Users:
I wanted to take the space here to thank and congratulate the new Certified Users from the past week. Welcome to the club. Some of these are new members, but all have confirmed that they work in the indicated industry at the level selected on their profile. All Certified Users have a yellow star next to their usernames when posting in the forums, so you all know which sources you can trust the most. As WSO Certified Users, they get i) 3 months free to the WSO Job Board ($45 Value) and ii) access to the private Certified User chat room to network with other professionals (priceless). Without further ado:
Investment Banking
@theateam” - Industry/Coverage - 1st Year Analyst
@USCBanker” - Industry/Coverage - 2nd Year Analyst
Private Equity
@alreadyrich” - Other - Business School
@elton12” - LBOs - 3rd+ Year Associate
Sales & Trading
@Spintextrader” - Other - Other
Consulting
@abaccarin” - Associate Consultant
Asset Management
@hmmsk” - Equities - 1st Year Associate
@DROnSF” - Other - 2nd Year Analyst
Real Estate
@IcemanCometh” - Commercial - 2nd Year Associate
Other
@Here'sJohnny” - Legal – Other
@Adam Pratson” - Other - Financial Advisor
Are you a working professional and you're interested in joining the WSO Certified User club? E-mail [email protected] and [email protected] your username and send a link to your LinkedIn profile.
