"I follow the stock market"
I am a current college student, and I figured some of you would get a kick out of this.
So, my roommate and I are both studying finance going into our senior year. Wait, I should rephrase that----I AM studying finance, my roommate shows up to class. Anyways, today during one of our lectures, he made a complete fool of himself while once again pretending that he has even the slightest clue what he's talking about. Long story short, this kid was asked to explain the basic process of computing WACC given a desired company, and I swear to god he said "I don't have my calculator today, so I'm not sure of the top of my head." I can assume he was talking about his T-89, which is primarily used to discount coupon pmnts(In our course atleast).
Can you guys believe he actually thinks he's headed to the street upon graduation? He graduates next fall.
To make things worse, he is your typical kid who watched wolf of wall street once and immediately changed his major from Management to Finance. He inherited a few shares of AAPL from his grandpa, so he is CONSTANTLY acting as if he is doing valuations on apple while in class, just so the few girls in our course can see, I'm sure. On top of that, he fails MISERABLY on every exam(
Shouldn't you be studying?
Nice comment change there
Shouldn't you be working?
See, I've already made it somewhere. You still need to, now go study or you'll need to find the best deal on your brown suits.
LOL. What do you mean he's going to the street? Which firm?
He THINKS he's going to the street. He has applied to just about every well known firm that has an IB department on the east coast and Chicago. I think he had one pre-interview phone screening and he actually got hung up on.
You're sassy. Also, your username is fitting.
You took the time to make a thread over this? You care way too much.
It took me three minutes to type this(I am on my thirty minute study break). I don't care too much, I just wanted to share an experience that not many people outside of finance would understand.
Not to discount the experience, but there are fools like this in every industry. Don't think only those "in finance" can relate to dealing with wonderfully oblivious human beings.
Just lol at OP thinking he's going to "the street" next year. Maybe in the literal sense.
Oh I thought you meant he got an offer lol. Why are you so mad about this? If he got a Blackstone or bridge water offer then you can be salty hahaha.
It sounds like he'll fit right in at his trading desk.
I get you don't like your roommate, but since ya'll are both at non-targets. Maybe you should give him some guidance and pointers, since it seems like you have it all figured out.
Never once implied I had it "all figured out".
Go home and get your shine box.
Ops roommate is banging all the girls op wants to bang
Nothing is more entertaining than seeing acquaintances on Facebook post about their penny stock gains.
why are you upset over this?
coming from a non finance background and still early in the game, one thing i got out of this thread is the WACC calculation... google WACC calculation..
I read this in an intensely effeminate voice, much better read
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