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http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090104/SUB/901039988/0/information Do not read if you have just had dinner.

It is very cruel to suggest to a MBA that he or she should do something socially useful like become a teacher or social worker. The whole point of getting a MBA is so that you can make a great deal of money and never have to do things like taking care of children or interacting with the poor...

http://blogs.wsj.com/laidoff/ The first one, "Saying Good-Bye to Banking", I respect because he is down to earth and recognizes reality. The rest are worth a read too. Some of you may snipe that this thread is vicious and ugly, but at least I did not go around saying to people that everything...

This downturn unlike other recessions is different in that there has been a fundamental shift in the basis of the economy. There is going to be a ways to go before we can say that the dust has settled and we know how things are going to be. Would it make sense to get an MBA? Maybe if you get...

http://www.nytimes.com/2008/12/28/jobs/28bankers.html?ref=business Another way to make lots of money. See, Wall Street guys in their 30's are smart and they know how to roll with the punches. It is the weenies in their 20's who just seem to be completely lost.

There is a thread about former Wall Street hotshots becoming farmers. That is cruel because such a dream is really beyond the reach of most laid off Wall Street grunts. It takes significant mojo to start a farm these days if you want to make any money and then back breaking sweat equity to build...

Ya gotta feel a lil' for the quants. Nah!:D

If it was just about giving up one¡¯s ¡®soul¡¯, their sense of defeat would not be so total. Who would come to Wall Street and believe that he was going to make the world a better place? You can say that they sold it cheaply, but hey, something is always better than nothing. And now they...

:D :D :D Maybe they will go start their own hedge fund huh?

I could not tell you why the bust up is as bad as it is, but I can tell you that it is very bad. Kids who were thinking that they would sit out the storm after losing their jobs now realize that there is no way for them to hang on to that hope. Rent plus food alone would probably have sucked...

http://www.nytimes.com/2008/12/04/health/nutrition/04fitness.html?ref=business I was wrong! But they make it sound so uplifting. Unemployed bankers are now called entrepreneurs with great plans and marketing saavy. True, true.

http://money.cnn.com/2008/12/04/news/economy/investment.bankers.fortune/?postversion=2008120505 The tone has changed quite a bit. The job market for bankers has become so somber that even the media has stopped making fun of it. But that should not stop us! :D Indeed, where will all these...

http://money.cnn.com/2008/11/10/news/companies/news_SAC.fortune/?postversion=2008111016 Just damage control? From the article it appears that SAC's losses on VW was limited to just one fund -- CR Intrinsic -- but how true is it? At any rate, it is a clear admission that they have flushed $2...

It is clear that Porsche did not act alone on this one. Even Porsche's purchase of cash settled options on Volkswagen from 7 brokers seems a little odd. Some one really big is pulling out all the stops in going after SAC. The question remains, how much did they lose on Volkswagen?

Do you get the feeling that the Financial Times is feeling gleeful about what happened? :D

Still waiting for SAC to say something on Volkswagen. :D Look at how they have dissected Greenlight and TPG!

http://www.telegraph.co.uk/finance/globalbusiness/3362913/Porsche-crashes-into-controversy-in-the-ultimate-short-squeeze.html Great article from the Telegraph.

If you right, then there are massive losses elsewhere. :p

If it were possible to figure out what positions SAC is trading just by going through the Form 13s, why would anyone bother to pay them those astronomical fees that Steve demands? Everyone has heard of Titty Capital right? Well my friend who used to work as a trader heard it from his friend...