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  1. M

    Living in Asia

    For the guys who frequent this board, Hong Kong is definitely the place you want to be. Forget about Singapore and Japan. These countries have laws that are actually enforced. Living in Hong Kong is a cinch if the color of your skin is right. Everyone knows that the lingua franca in Hong Kong is...
  2. M

    Pain & Pleasure

    The MBA class of 2004-2007 are probably the worst affected by what is happening. They finished college between 1995 and 2000 and were the lucky ones who survived the dotcom collapse. The guys who have just entered school are the lucky ones as they get to wait out the storm. For those who have...
  3. M

    Pain & Pleasure

    http://www.nytimes.com/2008/05/25/business/25pain.html?_r=1&oref=slogin&pagewanted=all
  4. M

    Wall Street or bust

    It really bothers some people to be called a servant :D. But that is what they really are. They bow and grovel all for the sake of putting a smile on the faces of the wealthy lords whose flick of the wrist can make or break their fragile financial "empire". Of course more AUM is a good...
  5. M

    Wall Street or bust

    Some people are happy taking a piss anywhere they want and that bothers me too. No one is stopping these kids from forming their clubs or spending their entire college career trying to get a coveted spot as an analyst at an investment bank, but I have a right to speak my mind on the subject...
  6. M

    Wall Street or bust

    It really depends on what kind of finance related business people want to operate. A business that depends on AUM will benefit from the social connections conferred by these exclusive clubs. But the sort of people who build a career on AUM rather than on absolute performance must properly be...
  7. M

    Wall Street or bust

    These kids are just imitating their parents by starting clubs that advertise exclusiveness. What can the illiterate hope to learn from the illiterate? It is about trying to distinguish class mediocrity from base mediocrity. By saying that I am in and you are out, an artificial line is drawn...
  8. M

    Wall Street or bust

    Yeah... these students are better than most analysts. And I can be a neurosurgeon because you know, I am such a brainiac and all. How many of these so called brighter students are even financially literate? Can they even read much less understand a set of financial statements? What value can be...
  9. M

    Wall Street or bust

    They want the money. Of every 100 that makes it on to the Street, only 1 will ever become a banker. The rest either remain clerks or else are forced to seek alternative employment as many are now discovering they must.
  10. M

    Wall Street or bust

    I would totally agree. Business Week is a trash publication written by and for MBA morons or wannabes. How anyone can glorify the antics of rich kids who are desperate to preserve the privileges they grew up with is beyond me. But Business Week has no qualms about pandering to its brain dead...
  11. M

    Wall Street or bust

    The idiot does not even realize just how stupid it is to tell the world that he bought into a micro-cap Chinese company which listed via a reverse merger and he goes on to tell everyone how he "grilled" the managers in Chinese because we can all believe how easy it is to master fluent Chinese...
  12. M

    Wall Street or bust

    Has anyone else read the Business Week article describing how brats from Ivy League colleges have started investment clubs to give them an edge on getting into a Wall Street bank? Is there anything more unattractive than a twenty something who is desperate to be an I-banker? Read the article, it...
  13. M

    Steve Cohen Photo...

    It will be interesting for many years to come. The problems in Florida are really the tip of the iceberg. But all that has nothing to do with Steve A. Cohen; the man is not the sort of force that could have created such a crisis.
  14. M

    Steve Cohen Photo...

    Are you referring to the primaries? Even if one had a low opinion of politicians, it would be taking it too far to compare them with Steve A. Cohen. The issue is not just about “stepping all over people”. Trading is a zero sum game and so taking from others is a necessary part of things. But...
  15. M

    Steve Cohen Photo...

    The rationale must float like ducks in Cohen's head about why he is so despised. How else does he wake up in the morning and still think that he is the king of the hill? Instead of just looking at Steve Cohen, let me introduce another character: Carl Icahn. Both men are Jewish and both are...
  16. M

    Steve Cohen Photo...

    You see the discussion is not about his returns but about how he gets those returns. If I slip roofies to nubile yound women and then fuck/rape them, does that make me a stud?
  17. M

    Steve Cohen Photo...

    Envy? Boy I wished that I was in a position where I could begin to envy Steve A. Cohen. :D You might say that Steve and I, we move in different circles. But if you read what others who are in the position to envy Steve A. Cohen have had to say about the man, there is very little envy evident...
  18. M

    Steve Cohen Photo...

    Why do people get so defensive? It is as if they need to believe that Steve A. Cohen is some kind of god, or perhaps the living representative of Mammon and any criticism of their living deity must be countered with more dollops of fresh Steve A. Cohen asswipe. Making big bucks with a prop...
  19. M

    Steve Cohen Photo...

    Careful now. That statement sounds almost defamatory. And I do not think that it is right to compare Steve A. Cohen to Adolf Hitler, it makes Hitler look bad :D. What we ought to do is have a little expose of how Cohen moves in the market. Take the CROX story for instance. He tells everyone...
  20. M

    Cheapest China Stock in the World

    http://forum.channelnewsasia.com/viewforum.php?f=13 Here is an English forum on stocks listed in Singapore. Like ET, it is full of crap. But it is a place to start sifting through the guano. Who knows what you might find huh?
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