I am making this thread because I am so passionate about trading and I'm doing everything in my power to network to finally get an internship in the hedge fund industry. I even built a LinkedIn bot to send out my cv to Portfolio Managers. Would also appreciate if someone wanted to be my investment mentor who gives me advice and leads me in the right direction. I've been trading for two years now and I feel comfortable my portfolio is up 40% YTD (2019-03-21). My goal is to get into an ivy league and later get a CFA. I am already trying to study for the CFA even tough my dad won't let me buy
21 Mar 2019
Across the boards, you see hundreds of questions regarding exit opps; how to get to KKR? How does someone get into Paulson & Co.? Questions like these veil the poster's true motivation: Ambition. "How do you get in KKR?" really means "How can I be the next Henry Kravis?" and "how to get into Soros?" means "how can I get to break the Bank of England?" These are the people we aspire to be, want to work with, learn from, and maybe, compete with in the future. So how do we get there?
11 Aug 2010
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it's pretty much a cross section of the funds found on this recent thread. (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the measure used to rank the managers and a lot of surprising facts about their returns were given, like did you know Eddie Lampert's ESL has earned more than British Airways over the same period?
15 Sep 2010
Global macro is undoubtedly one of the most pursued styles in the hedge fund world, and for the monkeys interested in it, you might find this to your liking. Opalesque TV has recently interviewed Argonaut Capital founder David Gerstenhaber about global macro and the Tiger cub had a lot interesting things to say about it. A former economist at Morgan Stanley, Gerstenhaber entered the macro arena when he joined Tiger as partner back in the 80's. He talks about how much of a swashbuckling experience it was back then; where making big bets for abnormal returns with limited risk management was de
30 Nov 2010
George soros is currently fielding questions at a talk I'm at. The subject is philanthropy but I imagine he'd answer anything interesting. If you have a good question pose it here and I'll ask it and report back.
02 May 2011
takeaways: -George Soros has a temper -the old man still appreciates fine tail -beside being a bimbo soap opera star, knowing GS may be enough to qualify you to study Economics at Columbia. http://finance.yahoo.com/news/Soros-sued-by-exgir…
11 Aug 2011
http://shine.yahoo.com/love-sex/9-marriage-proble… 9 Marriage Problems that Are Actually Good for Your Relationship 1. You both fantasize about other people. 2. He goes out with the guys. 3. You argue a lot. 4. He spends a lot of money on his hobbies. 5. He uses porn. 6. He works all the time. 7. You both flirt with other people online. 8. You're too tired for sex. 9. He's close with a female colleague. I'm guessing Eddie or UFO
07 Jun 2012
As if hearing Edmundo's question of who is rich, Forbes magazine released their list of the 400 richest Americans. Topping the list as usual is Microsoft billionaire Bill Gates, with Bershire's Warren Buffet in 2nd and Oracle's Larry Ellison in 3rd. So where are the bankers? Of the top 200, 50 of them are in (or were) in finance, with hedge funders and investors topping the list over the PE guys. Here's a quick top 20 of the group: #2 Warren Buffet - $45 billion - Berkshire Hathaway #14 George Soros - $14.2 billion - Soros Fund Management #20 John Paulson - $12.4 billion> - Paulson & Co. #22
23 Sep 2010
The Black Swan author Nassim Taleb was in Canada last week for the Salon Speakers series and was asked by an audience member; if given a choice between investing with Buffett and billionaire investor George Soros, who would he pick? The former prop trader said he would probably pick Soros, and argued that: [quote=Taleb]"I am not saying Buffett isn't as good as Soros," he said. "I am saying that the probability Soros's returns come from randomness is much smaller because he did almost everything: he bought currencies, he sold currencies, and he did arbitrages. He made a lot more decisions
28 Sep 2010
Inspired by a recent employer attractiveness survey, Jorge, an obscure yet devastatingly handsome writer for the world's premiere finance community, Wall Street Oasis, has decided to run a survey on who are the most attractive CEO's in Wall Street to work for. Choosing from over 20 nominees from the world's top banks, consulting, private equity, and fund management firms, monkeys from all over the world will vote in the comments section which 3 of the top CEOs, fund managers, or directors they want to work with the most. The winning CEOs will most likely not be notified of their victory, but
10 Nov 2010
November elections couldn't come sooner for Wall Street. Make no mistake about it, this will be the most important election in decades, if not in history, for the battered and tattered financial sector. With autumn upon us, we get back to business as usual. Anxious aspiring monkeys peel their bananas at thoughts of recruiting season and self righteous populism dealers prep new narcotic propaganda for their fiends, the voters. One man, however, looks to make a change Wall Street can believe in.
29 Aug 2010
Though he is not one of my favorite people in the industry it isn't really possible to doubt the investing acumen of George Soros. Over the years many have made a good bit of money in markets by simply mimicking his strategies. The most recent, however, is hardly worthwhile replicating for most investors. Apparently, George's flagship Quantum Fund is currently has 75% of its assets in cash. Another sign that the even the most heavyweight financial players are unsure of the situation and that August 2011 is beginning to look more and more like August 2008. Hoarding cash is usually a signal of
22 Jul 2011
George Soros gave a thought-provoking speech the other day, providing his insights into the euro crisis. The following quotes are taken from a blog on the NPR website by Jacob Goldstein (Planet Money) as well as from the text of the speech (see www.georgesoros.com). Soros equates the current belief system in modern economics to Newtonian physics. He states that because he is not a member of the academic environment, he never bothered to study the Efficient Market Theory. (One wonders how he can so easily discount a theory he never studied, but let's not go there--other than to say that a theory does not have to be true, or completely true, for it to offer insight and perspective.) Here is Soros in his own words:
07 Jun 2012
And it looks like we're in the wrong industry. Once again, Forbes has come out with their much anticipated Billionaires list and newly minted billionaires around the world are singing praises of the Ben Bernank for elevating their share prices. Still on top is Carlos , with a whopping $18 billion lead over the evildoers Bill Gates and Warren Buffett. Rounding up the top 5 is LVMH's Bernard Arnault and Oracle's (not to mention America's Cup Winner) Larry Ellison. There's been some shuffling going on in our beloved industry though; John Paulson is now the richest hedge funder with a net worth of
09 Mar 2011
You guys had a pretty good discussion on the random walk theory the other day so, I figured that maybe we could shine a light on our good friend Georgie this time and discuss his own theory of reflexivity. The verbose man's verbose man, Soros has written miles of text and has spoken extensively on his precious theory (I swear, that dude plugs it every time he's on camera) yet, much to his chagrin, it receives precious little recognition as a legitimate argument. What do you guys think? Is it complete BS? Or is it legit enough for you to use it on your next interview stock pitch?
09 Jan 2012
With all the new financial rules and regulations, ideas such as "honesty" and "fairness" have forcibly been added to the dog-eat-dog mixture of markets. This creates a potential hale storm of falling pianos as to what can be viewed as illegal and/or illicit in trading decisions and taken positions. Perhaps language should have been included in the Volcker Rule to prevent stories like this one from being published.
25 Sep 2010
Bloomberg just announced that Stanley Druckenmiller is retiring and shutting down Duquesne Capital after 30 years without a losing season.
One of the greats has succumbed to the "new normal". I'm not surprised, though I'm sad to see him go. The stuff he did Druckenmiller, 57, said he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns that had averaged 30 percent annually since 1986. His Duquesne Capital Management LLC, which oversees $12 billion and has never had a losing year, is down 5 percent in 2010.
18 Aug 2010
Just like the crash landing in San Francisco yesterday, the £ had a similar incident in '92. Just as the two associated fatalities are an unfortunate outcome of the crash, a similarly tragic event unfolded at the British Treasury. They say when there's smoke, there's fire, and George Soros saw smoke in British economic policy and the result...$1B+ profit and a busted BoE! After some scientific research last week on Youtube, I managed to uncover a documentary that explains how Soros capitalized on this black swan event. So, read on to see the "concept" behind how to spot an epic trade of your
07 Jul 2013
One of the world's legendary investors is upping his bet on Argentina's shale oil and gas industry in a show of confidence for shale production in South America's largest unconventional prize -and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world's largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play.
03 Sep 2014