Losing Billions from Dumb Mistakes: The GIGO Problem
GIGO is an old programmer’s principle that applies just as much to financial forecasting as to code, but it isn’t something often discussed. What is this idea and why should bankers care?
The Brutal Grunt Work of First Year Investment Bankers
Congratulations! You’ve become an investment banker! And it’s great that you’re not scared of 120 hour workweeks. But those 120 hour weeks won’t be spent building models and doing finance stuff. Here’s what your job will really look like
The Biggest Investing Mistake Pros Never Make
Of the many, many mistakes retail investors habitually make, there is one that is so simple and easy to fix that it’s amazing that the error is still so common. This is especially surprising, since it’s an error the pros never make.
Stock Picking and Portfolio Construction: Friends and Enemies
Why are portfolio managers paid so much more than analysts, and how are their jobs different? In reality, not only do PMs and the analysts who work for them have very different responsibilities, but the tools and goals of both aren’t just different—they’re sometimes at odds with one another.
What a Year Means to Wall Street
What’s in a year? No matter what you’ve done in 2022, it’s been an eventful and profound time—and now is the time for reflection and pondering what the future might hold. If you’re in finance, though, the end of the year means many other things.
The Three Offices
Do you know the three offices? The structure dominates all corners of the financial industry, providing niches for just about everyone.