Quote from SteveNYC:
dunno, could you entertain us with an example?
Quote from BlueTurtle:
They showcased a guy from Yale at this annual meeting and his advice was literally to load up the boat on Monster Worldwide, which then traded from like 80 to under 10. A monkey could have probably picked a better stock. And he wanted to keep buying if the stock did fall. lol.
sure, it's only one guy. But we are allowed to make judgments. I've never met anyone from the Fed, but I sure do make judgments on them.Maybe i'll wait until we all have tea. nah.....
From my experience I can tell you that there's not a lot of money in operations, but it is a good place to learn how everything works under the hood... (the whole, what happens after I press the key to send an order to the market...)Quote from Froglet:
I'm trying to develop a career whether it involves trading or not. I guess, to be frank, I don't want something DIRECTLY related, but perhaps associated with it.
Such as management of a portfolio, such as the operations/accounting of them as well. Trading in terms of pushing a button isn't what I want to do.
I want to model risk, quantify risk/reward and do something with more substance. I can trade stocks on my own if I wanted to satisfy the urge, but I want to improve myself through my career.
Yeah, it's all about the money though.
Quote from pistolpt:
MBA doesn't mean crap unless it is from a REAL MBA program - Wharton, Harvard, Columbia. That's what my boss, who has been in the business for 30 years, says.
Everything else is like - woohoo. great. you decided to do more schooling and put yourself in debt. a monkey could do that.
Sellside trading has very few mbas. But buy side portfolio management, private equity, and most mutual fund pms have mbas. MBA is a stamp of smartness and the better te school you go to the smarter it implies you are.Quote from FrankSlaughtery:
+1. even if the mba is from a top school if you're looking to go into investing in any way, most employers would chose a cfa over a harvard mba six days a week and twice on sunday.