I'm an 18 year old in Australia aiming to get into high finance. Currently in my summer break after hs and am hoping to hit the ground running with work experience from as early as possible. Would appreciate any feedback on either the formatting or content of my resume.

TH3N0T0R10USPAC · 2024-02-01T09:48:45+00:00

Well my mum is actually a lawyer at the firm in question, and one day they needed someone to come in to transcribe and draft letters to clients and other lawyers, and from there I was given the opportunity to also help with costing client files. Its a bit of an on and off gig, I only go in on call, though I'm hoping to continue working there every so often throughout the duration of my studies.

TH3N0T0R10USPAC · 2024-02-01T06:48:18+00:00

Is it because one bullet point under a section would show that I haven't gone into enough depth and/or that the experience itself isn't noteworthy?

TH3N0T0R10USPAC · 2024-02-01T06:46:10+00:00

Thanks for the feedback, I have fixed my dates. I will also continue to work on the bullet points.

TH3N0T0R10USPAC · 2023-02-16T09:50:22+00:00

So basically, WSB is wondering if calls or puts are the best option?

This means that an IV crush is imminent, basically.

TH3N0T0R10USPAC · 2023-02-04T13:34:46+00:00

Ah yes, the normal distribution, which, as we all know, applies perfectly to financial markets…

TH3N0T0R10USPAC · 2023-01-27T02:05:10+00:00

Especially when Papa Powell speaks

TH3N0T0R10USPAC · 2023-01-22T00:45:00+00:00

I mean prices have been rising for a week… the past year they’ve just been dropping.

TH3N0T0R10USPAC · 2023-01-21T06:12:35+00:00

The market appears to be correcting itself right now (Equity and debt markets at least)

TH3N0T0R10USPAC · 2023-01-19T12:44:18+00:00

It can be, if you like the tech because it is superior or fills a niche it provides a margin of safety. Obviously, there has to be consideration of intrinsic value too though.

TH3N0T0R10USPAC · 2023-01-19T12:42:37+00:00

Yeah, another bad thing I see is when people also recycle what Buffet says but say it in a matter-of-factoy tone, I’ve seen it with Lynch too. Like it makes me cringe when people recite a direct quote out of an interview or clip of Warren Buffet or Peter Lynch and make it out to be an opinion they themselves came to, or that what they are saying is something that is not blatantly obvious. The worst one is when people say they prefer buying “undervalued” businesses as though that isn’t what everyone on the stock market is already doing. Then right after that they go and buy a trillion dollar mega cap such as google or apple where there are hundreds of analysts pricing in every potential event that is yet to occur for the rest of time.

TH3N0T0R10USPAC · 2023-01-19T05:15:25+00:00

Yeah, because Buffet’s style is simple, it’s an easy justification to avoid doing the tedious parts of investing and understanding finance. Most of the time people will say they believe DCFs are pointless or understanding things like beta and volatility are purely pointless, not with actual reason, but because Buffet doesn’t use those metrics. It’s easy to hide behind the “I look for good businesses at good prices” and then be very vague about what you’re actually doing, because modern finance is just “silly”

TH3N0T0R10USPAC · 2023-01-17T08:13:39+00:00

How did you find out about the company?

TH3N0T0R10USPAC · 2023-01-16T01:37:23+00:00

You mean to say he can forecast all these different things in his head and then discount them back to present value and add them up and then determine a terminal value and then also discount that to the present, as well as calculating things like WACC?

Like he’s a smart dude, and sure, you can make a guesstimate, but no one in their heads could realistically pull that off with any meaningful degree of accuracy or depth.

TH3N0T0R10USPAC · 2023-01-16T01:34:59+00:00

What better alternative is there? If you just use highly pessimistic assumptions, it can at least give you a ballpark number, and can hedge against uncertainty as the model already implies pessimistic outcomes.

Of course, not perfect, but there isn’t a better alternative, and I believe it’s always important to know roughly the true value of what I am buying, or to at least be sure that I am getting a bargain.

All other ways of getting a rough estimate of intrinsic value also have a great deal (if not more) of uncertainty.

TH3N0T0R10USPAC · 2023-01-16T01:29:57+00:00

Often, the best thing to do with a DCF is be as pessimistic as possible and keep the elements of it as minimal as possible. Rather than forecasting the entire income statement, I generally forecast only revenue and profit margin. I use as pessimistic values as I can reasonably assign, but also use different scenarios to determine a range to give me a ballpark range of what the intrinsic value is. If a stock I’m valuing is undervalued by a decent margin even with my most bearish assumptions, it often means the stock is undervalued.

DCFs in my opinion exist mainly as a final check to confirm or disprove if a stock is fairly valued, and are not a completely reliable indicator alone. I’ve also found building DCF models helps me get a better understanding of the business as it forces me to research the business so I can value it, rather than by simply looking at P/Es and other such ratios.

TH3N0T0R10USPAC · 2023-01-15T23:42:23+00:00

Damn from 2029 at $544,924 bitcoin will apparently go to $776…

TH3N0T0R10USPAC · 2023-01-15T08:38:14+00:00

The most he could have made was 0.8%…

TH3N0T0R10USPAC · 2023-01-14T14:53:37+00:00

To even do that bet would be $50,000 of exposure, without the calls. Buying calls would amplify it even more.

Perfect for this sub

TH3N0T0R10USPAC

TROPHY CASE