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A new tool for analize the market
The other day I saw a website ( CFGI.io ) that analyzes the market sentiment for cryptocurrencies. I found it very interesting to be able to choose which cryptocurrency I want to analyze and in what time frame. I think that psychology always follows patterns that can be studied and used. Why this...
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...
How greed and lust for money and power is born
Here's a verified true story, a young monkey got a job with decent paycheck, happy with his life, his girlfriend is telling him fairytales about love and marriage, one day he decided to propose but he found out he was totally living in a dream of his own, lots of things happened that he didn't see...
Compassion vs. Greed
Have you ever wondered why some of the wealthiest people are often the least compassionate towards those less fortunate? Did their ruthlessness breed financial success or did their success breed ruthlessness? Berkeley psychologists Paul Piff and Dacher Keltner have been trying to determine this...
Life after Investment Banking, part 2
I just wanted to reply to a few of the comments on my first post... http://www.wallstreetoasis.com/forums/life-after-… 1. I don't know what else I could do The picture on this post is an entry I wrote in my journal one hour after walking of the door of the bank.
What's with the stigma against finance?
When I tell people that I want to be a financier, they look at me horrified as if I just said that I wanted to rob a bank. There are some negative stereotypes of the greedy banker circulating in the general layman society, which are somewhat true--most of us are in it for the money, but we're not...
The Greedy son of a b%$"!
Seriously?? http://dealbook.nytimes.com/2012/04/09/a-costly-t…
A Christmas Carol: Nails on the Street
So for those that are not aware, I am a die hard New York Mets fan. This is sort of like saying you had your future vested in Lehman and Bear three years ago and that every day you wake up to a new Credit Crunch like Bill Murray in Groundhog Day. Today, both in the spirit of Christmas and as a...
Fear and Greed
Two emotions govern human beings over any other emotion Fear and Greed . From an evolutionary standpoint they are ingrained in our genes, hardwired into our DNA. We cant escape it. Fear and Greed have successfully contributed to the survival and destruction of our species since thousands of years....
The populist inquisition
I realize that the hatred for Goldman and Wall Street is still seething but this is getting absurd. Tony Manfred, a senior at Cornell and Associate Editor of The Cornell Daily Sun, threw a 784 word hissy fit bashing the bank and added: [quote]“The bank, along with the rest of corporate America,...
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...
The Bull's Anxiety Pills
How much do we believe numbers? Once upon a time in a pre-LTCM universe, volatility calculations, put-call parity and hedge ratios were magical fix-its and we could always count on the numerical valuations to bail us out of a jam. But now that the Black Swans have eaten too many mice and the...
How much do you save
Hello all, Curious to know how much people saved over a two or three year stretch while working as an IB analyst. If you could list your city as well which would be helpful. Also, if anyone has advice of what the target should be to save would also be helpful. Last question about base pay, does that...
Anyone watch 60 minutes?
Did anyone else see the piece on mortgage paperwork fraud and immediately think: so you're the morons who took out a loan that was more than you could afford, but feel it's cool to blame everything on Wall Street? Nice to have faces to put on a name. Seriously though, people start crying, talking...
Evil Greedy Banks AKA Goverment
Blaming the "EVIL banks" for being greedy, to me, is akin to blaming doctors, teachers, or colleges for being greedy and evil for taking advantage of the common man and making him pay so much for healthcare and education. I believe the real finger to point is at our government. "Fannie and Freddie...
Paulson Proves He is Not "One Hit Wonder," Pulls in $1.25 billion for 2010
After being bashed by many hedge fund managers as a "one hit wonder," Paulson closed well in 2010, putting another strong year under his belt. The Paulson Advantage Fund was up 14% at the end of 2010 (after being down more than 10% earlier). His largest stakes were in Hartford Financial Services,...
How the fuck did Steve get into Goldman Sachs?!?!?!?
What school did he come from? Does Harvard now have a major in wood cutting? Does Princeton now have a major in modern day how to put shit on a shelf degree??? [quote] Sure, Goldman Sachs is a premier investment bank with a market cap of over $75 billion and employs some of the smartest people on...
Gordon Gekko Has A Tumor In His Throat...How Will This Affect Wall Street 2??
Breaking News: http://www.people.com/people/article/0,,20413323,… Trailer:
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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