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How much profit is your company (your employer) making off of you(the employee) per hour/day/year? Capitalism
If the client/customer is paying the company (your employer/NOT YOU) say $200/hour to work with you (the employee): 1. How much profit is your company (your employer) making off of your labor? Per hour/Per day/Per year? 2. Does your company charge more money per hour to the clients depending on the...
Financial Edge Trick Question
How would you define best... like best for me, best for the most people, its a bit fuzzy.
What the F are we all doing?
This probably won't go over well, but can we have a discussion about why many of us are working the vast majority of our waking hours basically helping the richest people in the world become a little bit wealthier? I work in markets, which is a bit more shameless than IB, but still... despite what...
The rise of the fake humble, woke liberals and pretend socialist on this forum and in finance
I'm not sure how you guys will perceive this post but please hear me out. As a person working in IB/Restructuring, I have always felt that us finance people are better off as the villains or anti-heroes of society. No matter what we do, society will always see us as the bad guys - greedy, privileged...
The Value of Shareholders in a Company
So you see that companies are saying that shareholders are not their main priority any more. They made a "Statement on the Purpose of a Corporation" with some of the points. * Delivering value to customers. If customers saw that a product or service had no value they wouldn't buy it right? But that...
Ray Dalio: Capitalism Needs to Be Reformed
Bridgewater's Ray Dalio wrote a post about "Why and How Capitalism Needs to be Reformed," claiming that the outcomes of capitalism are no longer consistent with the system’s goals. Ray points to today's widening income, wealth, and opportunity gaps, among a wide variety of other data points, and...
Do any other left wingers here keep their political views in the closet?
When I mean left wing I don't mean the over the top SJW types or even the pretend left wing democrats (up until Bernie rose to prominence that is)... I'm talking proper, old school left wing. Socialized healthcare, socialized college tuition, socialized trade school tuition, higher minimum wage as a...
Socialism vs Communism vs More socialist policies
(Full disclaimer: I am not an expert on politics or government. Just an average citizen, trying to stay informed) Please read through this post, but I'd love to pose some different thoughts and get some perspectives and responses in return. This might provoke political back and forth, although it is...
What is capitalism, when did it start, or is it natural?
Saw a college chick that was a big proponent of "smashing capitalism" and installing a marxist/communist system. It got me thinking why do people hate capitalism? First thing that's interesting is that people don't know what capitalism is. Discuss what it is, as it seems to be hotly debated on its...
Hollywood wants to play money manager and redistribute your earnings
Posing a question to WSO: what do you do when Hollywood has everyone complaining about, "rich people" getting rid of jobs and keeping all of the money to themselves? We're going to become a socialist country along the road we're currently headed. There are a few immediate issues with our current...
The Fall of Capitalism and Wealth Inequality? Thomas Piketty thinks so..
(DISCLAIMER: I haven't yet read it. The book is long, around 700 pages, so I haven't been able to read it because I am currently finishing up finals at school. I plan on reading it this summer, and I'll give a more in-depth review on completion of the book.) Brief Overview:
Antifragile: Things That Gain From Disorder
Nassim Nicholas Taleb's [NNT] latest book, Antifragility discusses how institutions can survive through chaos and diversity. In a lengthy interview with Reason's Nick Gillespie he indirectly promotes capitalism and simplifies his message by saying, "... I want errors to be multiplied, that's it ."...
Meet The Top 5 Executives Of The New Economy
In this week’s post I’m going to take a political twist. Benzinga's Alex Biles gives a list of what I call New Economy executives. These 12 practice a true-and-true free-market ideology which I think is in stark contrast to today’s WS plutarchy and serves as a fresh reminder that it’s the...
inner strength; the will to be hungry and fight and work
Quick intro - Incoming junior going through recruiting with a weak will to compete. Self-diagnosis is one of being perhaps too satisfied, not hungry enough. Changed my wants over time from understanding and influencing the world to wanting very little - to exist, play, frolic, think, feel,...
The inevitable capitalist consequence to homelessness
Please dont shoot the messenger, i'm starting with an assumption and going through logical consequences and ending up with an outcome. We're fast moving to a cashless society. Electronic payments are taking over. Fewer people carry cash around on them, particularly the younger generation. Given that...
Tighter Lending Requirements
For the better part of the last three years the blame game focusing on the housing crisis has been pretty one sided. Evil banksters and shady mortgage brokers colluded to rape the innocent babes of Main Street. Wall Street engineered financial arms of mass destruction which would confound the...
Bankers contributing to society?
I was reading atlas shrugged, and I was thinking about why our marvellous capitalist system is so marvellous. It's because people are motivated by money, so they do work to get money. In the process of doing work, they contribute to society. This is the reason why American is such a great country...
Ugg Boot Banking
There's a little carpet cleaning place a few blocks from where I rest my head. It's dingy and small. I looks like it has been there for 50 years or more. In a modernized shopping area, it is the lone standout. I never really paid much mind do it until the other day, when I drove by and saw a bright...
Poverty Breeds CONSERVATISM....say what?!
You heard it here first , as economic inequality rises lower income individuals adopt a more conservative attitude towards wealth redistribution. Peter Enns and Nathan Kelly of the University of Tennessee have arrived at this hypothesis after analyzing hundreds of survey questions from 1952 to 2006....
Sainz of our times, PC run amok
For those with better things to do than Ines Sainz . My hats off to you, sir! This is the sort of humor which passes for borderline sodomy in the eyes of our liberal idiot media today. It is precisely the sort of non-story that gets pushed down your throat at a time when the incompetents running the...
Hrrmm, Could This Be Why Wall Street Has a Bad Rap?
Ladies, gather round. Chief Chimp Patrick forwarded me a press release he just received from a little site called Wall Street Kingdom , which will have you masturbating more vigorously to the toll of unbridled Capitalism than the SEC on its best day. Truly, this is one of the funniest things I've...
China’s Rare Earths Monopoly – Peril or Opportunity?
The prosperity of China’s “authoritarian capitalism” is increasingly rewriting the ground-rules worldwide on the capitalist principles that have dominated the West’s economy for nearly two centuries. Nowhere is this shadow war more between the two systems more pronounced than in the global...
God Bless My SHORTS
I love shorts. Not bermudas, capris or the wedgie causing kind. I love short sellers. They are one of the small cells of the free market which gives lifeblood to the organism. Pumping plasma of personal interest and profit seeking, these folks are often misunderstood and improperly blamed. In what I...
Ranieri to the Rescue
I remember the first time I read Liar's Poker. A young Midas was on his first ever flight back from Rio, reading about the legends of Salomon Brothers and feeling like King Salomon himself. Back in those days I would go into places like Club Monte Carlo and ask questions like " am I allowed to...
Which Internship to choose from ( PWM) ?
Hey guys, I have been lurking on here for a while, and this is my first post. I have two internship offers this fall ( couldn't find anything spectacular). There both at BB in PWM . I really can't decide which one would be more beneficial or rewarding, and was hoping to get some input. The first...
Capitalism, Investment, and Weed: You Gonna Get So HIIIGGHHHHH
For struggling industries, capitalism can be a real hose beast. Take an example that's close to my heart: the once plucky journalism. The Federal Trade Commission published a report this month advising the government to financially support the re-invention of journalism because existing newspapers...
Michael Moore - Capitalism
Just watching Moores Capitalism movie heres a HQ link for anyone interest: http://xtshare.com/toshare.php?Id=19922 It got me thinking, there isnt really any way to solve income inequality, there will always be people who are smarter/more endowed etc, who can accumulate the other peoples wealth. For...
The Free WSO 5 Minute Guide to Life
I am not a fan of TV, especially not Parks and Rec, but this was emailed to me and I found it to be quite entertaining and somewhat applicable since people here are always discussing different ways to measure one's success or happiness in life...here's one more measuring stick. And now, the...
Questions on DCF
I have been learning more and more about DCF 's and other valuation models lately and have two questions that I can't find answers for. 1. Why is weighted average cost of capital used and not marginal cost of capital? Wouldn't marginal cost of capital be more representative of the actual cost? 2....
A response to marx
I thought that as a response to the thread on Marx, there should be one promoting the libertarian ideals that many of on this board cherish. Here is something to think about, is a nation-state which goes beyond the duty of protecting it citizens via a standing army, police force and judiciary wrong?...
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