WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (95)

Controversial
Jan 11, 2022 - 9:12am

Well you're right that it's never going away, but I think the pandemic phase will be over within a month based on South Africa. (might vary slightly based on where you live)  After this all the idiots who refused to get vaccinated will either get it and have immunity or be dead.  I'm reasonably certain I got Omicron in early December, but I was asking for it partying maskless with 500 or so of my closest friends and sticking my tongue down a dozen or so throats.  I also might've gotten OG in March 2020.  I had something and had to cancel on a dinner Goldman was paying for at Nobu. 

What I had in 2020 was distinctly un-fun but my presumed omicron was just an annoying cold that lingered for a week. (2X Pfizer and a Moderna)

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
  • 5
  • 26
Jan 11, 2022 - 9:18am

I hate that I even need to preface this by saying that I'm not an anti-vaxxer but:

"…After this all the idiots who refused to get vaccinated will either get it and have immunity or be dead"

Haven't we yet learned that it doesn't seem the vaccine makes a difference in transmission. I think it may be the case in some areas right now where the vaccine has negative efficacy as far as transmission. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Jan 11, 2022 - 10:26am

liquidiot

What experts? I haven't heard this claim literally anywhere lol

VRUS<GO> You have a terminal, right?

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
Jan 11, 2022 - 3:27pm

Pio nono

Covid being over is like running in the special Olympics. Even when the race is over, you are still retarded.

LOL, this triggered memories.  Sorry to post this but while horrible it's funny: 

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
  • 1
Jan 11, 2022 - 3:35am

COVID could just keep mutating.  Some of many diseases we call the common cold are coronaviruses, and they mutate so quickly we cannot develop a vaccine or become naturally immune to them.  (No, COVID is not the same as a cold)  At that point the only solution is boosters and distancing only in the emergencies where hospitals are overfilled.

Jan 11, 2022 - 2:19pm

To the latter point- I view cost of education and insurance as a huge problem with healthcare, and further worsened by wealth inequality. Training more medical professionals is hard to do when admins get the fat checks, and the people who treat the sick are constantly getting shafted while working long hours and dealing with awful conditions. It's a tough sell to a 18 year old to go into medicine unless they truly love it (or want to specialize as a specific type of advanced doctor to make lots of money). The nurses, cleaning staff, support staff, etc is becoming a less appealing role

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
  • 3
Jan 13, 2022 - 4:59am

My posting here is mostly focused on vaccines and conspiracy theories; unlike lockdowns, which have a negative economic impact, there are no downsides to vaccines.  You get the jab and your odds of being in a grave go down by a lot.  My posting of death counts was to disprove the fools who claim COVID is 'just the flu' or 'just a cold'.  I'm not a huge advocate for locking down.

Jan 11, 2022 - 6:16am

Nowhere near. Higher number of cases and infections (regardless of mortality rate) lead to higher chances of mutations and new variants. The thing is that we don't know whether, biologically speaking, COVID-19's transmissibility has reached the peak. We could be close to it or many more variations away from it. Evolutionarily it makes a bit more sense for viruses to infect many hosts without killing them, so I strongly doubt we will get a variant with Ebola-like mortality, but we could get something much more infectious. For reference, early strains had R numbers of between 0.75-1.5. Omicron is anywhere between 3-5. But diseases like Measles, Chickenpox and Mumps are well above 10. If COVID-19 moves more towards their direction, we would see much large and longer lasting waves of infection.

Jan 11, 2022 - 9:41am

Ebola seems to actually be highly survivable with good medical care. Of all the people flown to developed world hospitals in the last outbreak did anybody die?

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
Jan 11, 2022 - 9:40am

I'm not a virologist but everything I have read said viruses naturally get weaker over time as more and more get infected. It seems Delta and Omicron are outcompeting any potential stronger variants. 
 

I think this summer and even by April will look very normal. However, if you remember last year, starting in May, things really looked normal and the light was seen until Delta came in August.

Jan 11, 2022 - 10:29am

No one really knows. Just speculation at this point. In many areas, masking is in the 95% rate even without a mask mandate. Despite overwhelming evidence now that cloth masks and mask mandates have no impact against Omicron, the evidence does not matter and people persist; with kids in schools, some places are doubling down with enhanced mask mandates (now N95s required). We have every reason to believe that many ugly elements of the Covid response will remain far beyond the end of the wave. The general public in many parts of the U.S. has lost its mind.

Array

  • 14
Jan 11, 2022 - 2:31pm

Memberberries

The general public in many parts of the U.S. has lost its mind.

To the point where a doctor mentioned a very plausible root cause explanation of that effect (mass psychosis), that itself gets shut down by certain media outlets and therefore Streisand effect'ed, and now the fact checkers of the very organizaitons that the doctor proclaimed were part of instigating mass psychosis came out and said it's not possible because what he alluded to is all made up. Which of course is just going to reinforce people who have taken to the explanation the doctor laid out as being most likely, and those sticking with the media version of events digging their heels in too. Which just further illustrates yet another ongoing facet of the very point you made Memberberries.

Jan 11, 2022 - 12:32pm

here's why you shouldn't spend time worrying if this is the last of it or not

not even scientists who've spend the past 2+yrs looking at covid can make reliably true predictions

preventative measures like masks, the vaccine, the sun, exercise, etc., are all readily available to the entire developed world (most of this forum)

even in some of the most restrictive places, there is still plenty you can do like go to the beach, restaurants, and so on. and if you get stir crazy, just fly somewhere

it's possible this becomes endemic like the 1957 flu which is still part of flu cases today, some years will be chill, others less so

we're all going to die anyway, and no amount of preventative measures will make you immortal. so I say take the precautions you feel are appropriate, realize you'll never be 100% safe (because there is risk everywhere), and then move the fuck on with your life

Jan 11, 2022 - 12:40pm

In the most restrictive places, no you can't just do anything. That's the point. In Hawai'i, for example, restaurants aggressively check your vaccine information against your gov't ID. Even if you are vaccinated (I'm 3x), this is an incredible violation of one's privacy. In places with mask mandates, you are forced by rule (not law) to wear a ridiculous symbol of the Democratic Party without any evidence whatsoever of their efficacy. Restaurants all over my area are closed because perfectly healthy people with no symptoms can't go to work because they tested positive for Covid, which every single person is going to get.

Once again, I reject your analysis.  

Array

  • 2
  • 11
Jan 11, 2022 - 12:49pm

and once again, you've misread my comment. I didn't say "you can't just do anything." I said "there is still plenty you can do." nowhere within did I say that many of the restrictions are ridiculous and violations of one's privacy, I'm just saying it's pointless to wonder/worry if this is the last wave of covid because it's something over which none of us have control.

since this is the second time in the past week you've attempted to distort what I've written by putting words in my mouth, I have a nagging feeling that you enjoy being combative for some reason. I'm not interested in that, I simply want to share my idea that it's not logical to be worried/preoccupied about something outside of one's control (like whether or not this is the last variant) and instead offer a couple of ways to think about it productively (e.g. well I can't do X, so let's do Y, or better yet, let me travel somewhere I can do X). I'm against government overreach and I agree that covid restrictions are illogical and ridiculous as you mention here. I also think it's illogical and ridiculous to get wound up about it. so unless you have a specific question for me, let's just leave this here.

Jan 11, 2022 - 12:43pm

Your advice is sound except for the fact it disregards those individuals who have tied their entire self-worth into being a member of the Covid lockdown bandwagon. All of these "social justice" and Covid issues such as wearing a mask give these people a sense of self-worth they otherwise wouldn't have because they have never accomplished anything meaningful in their lives.

If someone doesn't wear a mask, it makes these people feel threatened because no longer do they have this sense of power that they are somehow making others submit to them.

Jan 11, 2022 - 12:51pm

Yeah, I've never been confronted about not wearing a mask. Once I was vaccinated last May, the mask came off and no one has ever confronted me about it. But they outsource their need for control to the gov't, which 2 weeks ago imposed a mask mandate. Even now, I refuse to wear it, and people still won't say a word to me. For the most part, they just outsource to the state. 

Array

  • 1
Jan 11, 2022 - 3:46pm

Totally agree with you.

What makes it difficult is that for many of us its not so easy to just give up on all democratically controlled areas -

-jobs

-family

-other lifestyle preference (wanna live in NY/California? put on your mask!)

I am currently strongly considering whether my next job should be in NYC or if I should just be gunning for texas because people are more rational there and I dont want to be mandated + masked for the next 5 years... but the truth is I just prefer to live in NYC. it will suck if I have to move to texas just to avoid this shit

Jan 12, 2022 - 2:45am

as I understand the vaccines are decently effective against preventing complications from Omicron. so Omicron immunity should be to some extent effective against next strains. maybe not perfectly effective, but definitely at least somewhat effective, because they share the same ancestor. right?

Jan 11, 2022 - 7:56pm

I work for biopharma, as I have stated before.

We don't know when the end will be, as variants come up and people are still getting sick. It's no joke, catching Covid. We are still studying the science of the damage it does to the human body, as there are long term effects and disabilities associated with it. The term, "long-Covid" is a real thing.

Do what you are in control of, and enjoy what we are available to do. Eat, exercise, socialize, and live your life despite the fear of things. Life goes on.

Jan 11, 2022 - 11:34pm

From someone running a business day-to-day, I can tell you that we are running full steam ahead with the assumption that Omicron peaks over the next couples weeks and has tapered off into irrelevance by mid-March. From my understanding, the belief comes from a handful of blue and red senators who are telling PE firms this.

I know 30+ CEOs that are operating on this assumption. I have signed off on all of my CMO's trade show budget spend from March onwards with the intention of traveling onsite to customers again around that time. We're also doing our annual kick-off in April as a company (initially was going to be in January until Omicron hit), our Q1 board meeting in-person late spring with fully approved business travel for vaccinated employees starting in the summer.

Jan 11, 2022 - 11:38pm

yiggyyaller

From someone running a business day-to-day, I can tell you that we are running full steam ahead with the assumption that Omicron peaks over the next couples weeks and has tapered off into irrelevance by mid-March.

Apparently MS released a note saying their prediction was peak Omicron should be in the next three weeks similar to South Africa. 

Jan 12, 2022 - 5:45am

Here's my hot take. I agree first of all with some of the above that covid is still largely an unknown given how little it has been with us and how little we have been able to study it's longer term effects. That being said, I do think that covid in it's Omicron edition is at least the start of it becoming endemic. With it's high transmissibility but low impact on those infected, basic virology dictates that it should theoretically help cause mass immunity and stop becoming a cause for concern for most, similar to the common cold or flu.

Now what I don't know is how those who are unvaccinated would be affected by omicron given what I've said above really applies to vaccinated folks.  And it's also unclear whether a new variant would come out being even more transmissible and/or more harmful. But it seems for now, that given the mutations in omicron, that those who get it are relatively immune for the time being from covid in general. That's why I think after the omicron wave, we will see a drastic decrease in covid cases and continue to return to life as we knew it barring any particularly nasty variant which is physically more harmful to those who get infected.

  • 7
Jan 12, 2022 - 8:21pm

If the vaccinated get it and have mild symptoms, how do they now it's because of the vaccine and not because of the variant?

I'm unvaccinated and got it twice, both with mild symptoms that lasted exactly 24hours. Have a couple of friends in the same situation as me. 

Jan 13, 2022 - 11:55am

Hic ut aut odio aut aut modi eius. Quo cupiditate est iste eos suscipit sit hic. Occaecati aut odio dolorem repellendus aut id. Id nemo vero eligendi omnis distinctio ut voluptas.

Unde veniam aut illum possimus nostrum. Iusto sequi provident deserunt ea voluptas. Nesciunt aut ipsam dolores eveniet quia et harum.

Jan 13, 2022 - 12:38pm

Sit voluptatem est aperiam. Sit omnis est placeat veniam harum quidem.

Ut est aut sit hic sit velit quia. Ut quia tempora commodi explicabo. Quaerat quidem dolor nulla vero quos ut. Nostrum voluptatem autem voluptate earum beatae praesentium id.

Suscipit commodi in esse dolorum at blanditiis. Dolorum et dicta quo ducimus nulla. Totam est omnis commodi corporis. Ab asperiores voluptatem et delectus sunt qui in nemo. Rerum delectus vero molestiae dolores pariatur. Sunt sed voluptas tempore voluptas. Autem repudiandae doloribus omnis neque error vitae officia et.

Expedita soluta adipisci omnis. Consequuntur sint id veritatis aut et praesentium. Eos fuga placeat voluptas quia at qui necessitatibus. Nemo inventore est rerum quibusdam.

Jan 20, 2022 - 4:03pm

Aut autem ex id. Et temporibus minima molestias. Vero qui dolor eos expedita dolorem ut. Id cum veniam labore asperiores odio doloribus eligendi sit. Vitae reiciendis at tenetur sed nam ut. Iste ipsum nisi animi unde.

Occaecati id et ad perferendis consequatur. Possimus reiciendis eum dolor commodi iste. Non ea recusandae culpa corporis nam. Quam doloribus aut quam dolorum est tempora quaerat. Et quod natus nam est quis reprehenderit dolorem. Dignissimos rerum asperiores dignissimos nemo facere animi voluptates.

Asperiores aliquid porro velit vitae ab adipisci. Est dolor rem qui doloremque repudiandae aut. Enim quae omnis ut est et aut ut est. Animi ut enim est id deserunt sunt.

Start Discussion

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (22) $385
  • Associates (147) $240
  • 2nd Year Analyst (85) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (295) $142
  • Intern/Summer Associate (64) $142
  • Intern/Summer Analyst (225) $90