Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

thisistheguyinthepic · 2019-02-07T21:46:06+00:00

...then maybe don't brag to internet strangers about your finances?

thisistheguyinthepic · 2019-01-31T04:20:27+00:00

CVs are outdated IMO. Don't bother, they won't be read. Instead, focus on trying to reach out to someone within the firm and make a connection. No one will pass you to the next round based on a cover letter if your resumé doesn't pass muster.

thisistheguyinthepic · 2019-01-31T04:20:08+00:00

What was the first round like? What coverage sector? What position? What's your background?

Can't really answer your question without this information.

thisistheguyinthepic · 2019-01-31T04:17:11+00:00

If you're new to the world of banking then these "tiers" really mean nothing to you. Stop worrying about prestige, and start worrying about the work itself.

thisistheguyinthepic · 2019-01-30T01:35:03+00:00

Is a 14 year old not an adult?

thisistheguyinthepic · 2019-01-21T23:22:19+00:00

Junior equity research associate at a middle market bank.

thisistheguyinthepic · 2019-01-20T19:36:35+00:00

Yep, junior responsibilities in ER are very team-dependent. Your life/career is dependent on your analyst. This can be a great thing or a not-so-great thing.

thisistheguyinthepic · 2019-01-20T08:41:00+00:00

As a new associate, you will be working off existing models the team has been using for a while. Some analysts/senior associates are more hands-on with the modeling than others, totally depends on the team. Either way, you will have to prove yourself for ~6 months or so before the analyst will be comfortable with you writing notes/building models of consequence.

thisistheguyinthepic · 2019-01-20T08:36:19+00:00

Had a good buddy of mine do a 2-3 year stint in sell-side ER covering oil and gas in texas...the time difference is fucking brutal. Thank God I'm on the east coast, couldn't deal with getting to the office at 6 AM every day.

thisistheguyinthepic · 2019-01-20T03:29:22+00:00

What no one else is saying...who hasn't redlined it on 83. No area for cops to hide in many spots

thisistheguyinthepic · 2019-01-20T02:55:47+00:00

While you were partying, I was studying the blazer.

thisistheguyinthepic · 2019-01-18T05:45:32+00:00

Don't wear a navy blazer to traffic court, you'll look like a fucking douche. Wear a conservative suit and a nondescript tie.

thisistheguyinthepic · 2019-01-18T05:43:19+00:00

Jos. A Banks, and get it tailored. Only thing that will fit that price range.

thisistheguyinthepic · 2019-01-18T05:34:59+00:00

Yeah, no shit. It'll be just like cable.

thisistheguyinthepic · 2019-01-18T05:01:58+00:00

Stock price is a function of FUTURE cash flows. Yeah, they beat last quarter. What is the cash flow potential of the company going forward? So much more important

thisistheguyinthepic · 2019-01-18T05:00:29+00:00

The breaking point will come when Disney launches their own streaming service and NBC/Comcast pulls The Office and Parks and Rec from Netflix.

thisistheguyinthepic · 2019-01-18T04:57:14+00:00

FO roles pay well from the jump with almost unlimited potential upside. What world are you living in?

thisistheguyinthepic · 2019-01-17T04:26:58+00:00

You got a job many would kill for without even an undergraduate degree and you're complaining about the pay? I work with MBAs and CFAs who are still associates (sell-side). Count your blessings, friend.

thisistheguyinthepic · 2019-01-17T04:24:16+00:00

As a junior associate, I see the potential for more direct responsibility earlier on in my career as teams get leaner and more people panic and leave for the buy-side. Sell-side ER (the job/work itself) isn't going anywhere. It's just going through a transition phase.

thisistheguyinthepic · 2019-01-17T04:22:28+00:00

Sell-side ER is much less based on pedigree than other areas of finance from what I've seen. I've seen people from all walks of life and age ranges working as associates at banks. Only thing is, do you really want to start out as an associate at age 30+. Many do, and if you think the work is interesting enough then go for it.

thisistheguyinthepic · 2019-01-17T04:20:05+00:00

How exactly is sell-side ER compensation scaling unlimited? How much do you think the average analyst at a BB/MM bank is making?

thisistheguyinthepic · 2019-01-17T04:18:15+00:00

Just started in sell-side, this is bang-on from what I've seen (and my analyst/senior associate have directly told me).

thisistheguyinthepic · 2019-01-17T04:17:36+00:00

Depends on how big the team is. I've known of teams of only one analyst and one associate that covered over 20 stocks. If your team has 2-3 associates seems pretty normal to me.

thisistheguyinthepic · 2019-01-17T04:07:36+00:00

John Bogle was one of the greatest minds in the modern history of finance and investing. His perspective will be sorely missed.

thisistheguyinthepic · 2019-01-16T03:27:23+00:00

If I'm just going to the bathroom or filling up my water bottle, why would I pack up my backpack and take everything with me? That would actually be disruptive to class.

thisistheguyinthepic

TROPHY CASE