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you have a strategy with 5+ sharpe and you say you KNOW it works yet you are afraid to borrow $10k to trade it? you are obviously not sure if it'll work. to give you the benefit of the doubt, suppose you do have something and you KNOW it works. in this case, why the hell would you go to...

he is a fucking politician and a liar. mark to market is a good thing, not a bad thing. he doesn't want his investments to be marked to market because doing so will force him expose his funds' bogus returns. it would show the world that his portfolio companies don't have anywhere near the...

this bill, while it does allow undeserving homeowners keep their homes, is ultimately another gift for wall street. before, the toxic assets are based on a pool of loans that will soon default. now, these loans won't default anymore. these fucking leeching homeowners will at least pay...

this sounds nice on paper, but it doesn't work out when you try to implement it. you don't know how much treasury to short for that hedge to work out as intended. you may build fancy models, but in the end you're just making assumptions on assumptions on assumptions on the final input.

just another manager who buys illiquid securities so he can mark the value those securities himself and post phony returns. a phony. nothing more.

"In its latest push to compel confidence, for instance, the authorities are placing enormous pressure on the Financial Accounting Standards Board to suspend “mark-to-market” accounting. Basically, this means that the banks will not have to account for the actual value of the assets on their...

this is why the wall street firms stick the vast majority of these people in the back office while the "dumb" MBAs work in the front office.

bump

Is there a site that will verify your account statements? I'm not talking about a full audit. The idea is to have your account performance verified by a third party. Thanks.

same as any other job if you don't have connections. 1) you need the basic requirements so that you will get called for interviews 2) you need to hit it off with the interviewer since you don't have experience, #1 means you need to get a degree from a top school. it's the branding and...

worthless and useless marketing slides by sequoia capital. "You get full points for telling me things before they happen, not afterward." -Michael Milken to Nobel Prize winner Myron Scholes at 2008 Milken Conference the slides would be at least be of some value if they mentioned how...

the series 7 is a complete waste of time. the securities industry created the series 7 to make money and generate the illusion of regulation.

the chances are near 0 that this will happen. it's so close to 0 that you need to make your decision assuming that the chances are 0. as matter of fact, if you take this position it may even hurt your chances in the long run because front office people despise back office people and you've...

lets put this question in perspective. is a certificate from Phoenix University online better than a degree from Harvard? is a certificate from ITT Technical Institute better than a CS degree from Stanford? is a certificate in mathematics better than a math degree from Princeton? i...

you are a high school dropout but you are getting a masters degree? how did this mba program let someone who doesn't have a high school or bachelors degree get a masters degree?

very true.

you can get $60 per hour as a plumber but can you get 40 hours of work per week every week? porn stars probably get $1000 per hour, but i bet they don't work 99-5 every day. :D

in terms of economics, there should be no effect. although the firm is issuing more shares, the firm is also getting more cash from the share issuance. therefore, both the numerator and denominator increases. they net each other out. price per share = equity value / # of shares

when you say dilutive, i'm assuming that you mean more shares are issued. in this sense, a credit facility is not dilutive. a shelf registration is dilutive only if the shares are eventually issued. a shelf registration means the company has already completed all the legal and regulatory...

the relationship between a credit card and individual person is very similar to the relationship between a credit facility and a corporation. if a firm has a $200 million credit facility, it means it means the bank has already approved $200 million worth of borrowings. if the company...