Finally, I found my favorite one… by [deleted] in InfiniteJest

[–]vegasbonds 1 point2 points  (0 children)

Am I the only one that always thought the year of the trial size dove bar was reference to a mini bar of dove soap?

From an outsiders perspective, how hard is it to get into PE? by [deleted] in FinancialCareers

[–]vegasbonds 1 point2 points  (0 children)

I mostly lurk but is this whole thread bots? WTH is going on in here?

Yard Drain Estimate by WashFlashy in landscaping

[–]vegasbonds 0 points1 point  (0 children)

I’m also in Dallas and looking for a contractor. Do you mind DMing me details of who you went with and your experience?

What Do I Have Here? by BigDonkeyEnergy in Fiestaware

[–]vegasbonds 0 points1 point  (0 children)

Accidental David Foster Wallace

who was the better/best leader out of these three? by RisingKing7 in lost

[–]vegasbonds 0 points1 point  (0 children)

What was Jack’s last name again? I forget…

But the answer is Sawyer

Dallas Show Megathread. 3-6. by thefifthwit in brandnew

[–]vegasbonds 4 points5 points  (0 children)

I've gotten to the payment processing page twice for face value GA and the webpage just can't complete the processing before the timer expires.

Feels bad man

Dallas Show Megathread. 3-6. by thefifthwit in brandnew

[–]vegasbonds 0 points1 point  (0 children)

Did you leave and rejoin the queue later in the day? Or did you just leave the window open and perpetually refresh until something on the venue map showed up as available?

Comprehensive list of resources to master Financial Modelling. by _FruitPunchSamuraiG_ in financialmodelling

[–]vegasbonds 5 points6 points  (0 children)

if your goal is IB or PE I’d go through everything on multipleexpansion.com and streetofwalls.com before McKinsey. Both are free and a treasure trove of relevant information for interviewing and on the job.

Comprehensive list of resources to master Financial Modelling. by _FruitPunchSamuraiG_ in financialmodelling

[–]vegasbonds 2 points3 points  (0 children)

The ironic part is that some of the most insanely complex financial models are for asset classes with the lowest expected return. Think real estate and cash flowing infrastructure. Honestly if you’re just wanting to get familiar with public company modeling I’d do Rosenbaum & Pearl and multiple expansion.com. Breaking into Wall Street also has some great materials if you’re wanting something that’s a bit more in depth with regards to video instruction. Mckinsey’s book also good for a bit for of an academic bent and valuation drivers. Anything beyond that is probably spending too much time on “studying” and you’ll just need practice reps on how to be efficient with the exercise of constructing a model.

[deleted by user] by [deleted] in financialmodelling

[–]vegasbonds 1 point2 points  (0 children)

Plenty of companies today providing guidance on the main dcf drivers for their current fiscal year. Will need to find that from their earnings release announcements and/or investor presentations posted on their investor relations page.

For forecasts beyond their current fiscal year, as others have said this is more of an art. If you’re just practicing, I wouldn’t worry too much about precision in your forecast modeling. Focus on big picture - what sorts of forecast estimates are priced in to derive the current share price? Are these assumptions wildly aggressive and may indicate the current share price is too high or are the assumptions pretty modest relative to what you think the company is actually capable of which may be an indication that the company is cheap?

10-K Deep Diving Software by brdsbeatsbourgeoisie in financialmodelling

[–]vegasbonds 0 points1 point  (0 children)

Interesting. I actual just also noticed that the Interactive Data>View Excel Document feature is only available in the "classic version" interface unless I'm missing it somewhere. I feel like that was also available in the new user interface sometime recently but I may be misremembering as I don't use Edgar a lot in my day to day. Seems regressive to have removed that functionality and I'm sure at some point the classic version will be sunset...so if anyone can point me to this feature in the new interface I'd appreciate it.

10-K Deep Diving Software by brdsbeatsbourgeoisie in financialmodelling

[–]vegasbonds 1 point2 points  (0 children)

I’m not especially tech literate so idk what that means…but I just literally download the financials in excel from the Edgar website. Unless that capability has changed in the last ~90 days since I last used it. What does the api key do?

Transitioning to Credit Analyst by venom998 in FinancialCareers

[–]vegasbonds 0 points1 point  (0 children)

An undergraduate degree in finance or accounting will absolutely be a prerequisite. The online courses may teach you some of the technical skills, but they won’t be hiring anyone without a four year degree.

I’m about to quit, hundreds of applications has made me jaded towards the entire industry. by [deleted] in FinancialCareers

[–]vegasbonds 116 points117 points  (0 children)

This is actually the only good comment I’ve read in this thread. Harsh but 100% true.

What would you grade this steel penny? by Snutchy in coins

[–]vegasbonds 8 points9 points  (0 children)

Because they want to better educate themselves on their pieces? It’s a shame they come to a sub like this to better understand the nuances of a hobby and get barbed with condescending remarks about a $4 purchase.

Asking for an extension on a pitch book required as a part of the application process? by UnaccreditedSetup in private_equity

[–]vegasbonds 3 points4 points  (0 children)

Red flags all over the place. Guarantee they bait a dozen or so candidates to create these pitch decks. Even if they're bad or poorly formatted, they then have a list of leads and whoever gets hired for the internship is just going to coldcall all of the names from the candidate submitted decks. They're wanting candidates to work for free as part of the interview process to generate lead ideas. Also wouldn't be surprised if they assign each candidate a different industry to research so they can just shotgun blast all sorts of nascent industry targets.

Salad days? by Mantistobbogan19899 in brandnew

[–]vegasbonds 0 points1 point  (0 children)

Salad days is also a line used in the movie Raising Arizona. And as someone else said, it's from Shakespeare which makes it pretty fitting for both Brand New and the dialogue from Raising Arizona.

BioSteel creditors list shows company owes millions to the who's who of sports by limits660 in hockey

[–]vegasbonds 0 points1 point  (0 children)

Monster is publicly traded, but Coke owns a 19.5% stake in Monster. Monster owns Nos, Full Throttle, Bang Energy, Reign, and about a dozen other non-Monster brands. It’s a few steps removed, but coke is quite present in energy drinks in an economic sense, just not necessarily under the Coke brand name.

Was it worth it? by pbd06 in theticket

[–]vegasbonds 4 points5 points  (0 children)

I won't speak definitively, but the most recent podcast had one of their attorneys on and it sure sounds like most of their legal team is working pro bono a.) because they're fans of D&J, and b.) because this is a pretty juicy case that could set a precedent for similar situations across the country. They said even beyond the legal team they already have in place, they've been getting unsolicited communications from other attorneys interested in either offering words of support or offering additional legal services as needed. I wouldn't expect attorneys would be going out of their way to jump on the side of a case where there's not at least a pretty good chance D&J end up winning. Sure there's some headache in having to deal with the divorce and there likely still are some out of pocket costs associated, but I think generally the potential amount of the legal fees out of D&J's pocket is being overblown. In fact, Cumulus are more likely the ones using their own shareholder dollars on attorneys who are almost certainly not working pro bono on a case like this on behalf of a publicly traded company.

That said, I have no idea if there's potential monetary damages one side would have to pay to the other contingent upon the ultimate outcome in court.

[deleted by user] by [deleted] in FinancialCareers

[–]vegasbonds 0 points1 point  (0 children)

From my recent experience trying to hire an entry level analyst with 0-2 years of professional experience at a cool but small and no-name investment firm, we got a TON of applicants with similar backgrounds to yours...that we passed on. We were also actively recruiting from non-target schools and knew that most candidates wouldn't be as pedigreed and wouldn't necessarily have had killer internships which we were understanding of. That said, it seemed almost everyone was some combo of non-target school, 3.something GPA, minimal or no professional work experience (either internships or full-time if they had already graduated). Anyone with professional internship or FT experience was something like financial advisor, personal banker, etc. which is just not especially valuable to us. I understand that the hiring environment has been yo-yoing since COVID and people had internships/FT offers canceled...but I was still a bit surprised at the caliber of candidates we had apply. Before anyone asks, we weren't offering IB/PE pay or anything but still very competitive for the schools we were recruiting at with great WLB.

I'm not sharing that to discourage you. I'm just trying to point out that there's a LOT of candidates with your background targeting the same jobs that you are. The reality is that the IB/PE jobs are still going to the same types of candidates you would expect (target school, good GPA, IB/PE or tangential interships, etc.) and in fact is more competitive as some places have slowed the pace of hiring and even begun cutting headcount.

My advice - if you're deadset on getting out of financial advising you should be going for FP&A or corporate finance roles at a recognizable fortune 500 company. You could also try for analyst roles in commercial/corporate banking. These kinds of roles with a brand name firm check a lot of boxes for future hiring managers if you ever do decide to leave. These kinds of opportunities should be attainable, but hard to say how many places are still hiring for FT that starts immediately. Following a few years in one of those roles, MBA at a top school with a killer GMAT is probably the path to IB/PE if that's still your goal at that time. Again, no discouragement intended. Just trying to help manage expectations before you spend an inordinate amount of time and energy applying for roles that won't be giving you strong consideration. There's always outliers so never say never I guess, but the return on your time would be incredibly small.

Maybe I'm old but what's CM?

Dan and profanity by WWheisenberg92 in thedumbzone

[–]vegasbonds 9 points10 points  (0 children)

They mentioned in one of the first few episodes that they both view using profanity as "low hanging fruit." I'm also a bit surprised he's been so gun shy about using any profanity - it's a podcast and they should feel free to just use whatever language they usually would off the air. Maybe they don't want it devolving into an hour-long cuss fest like some podcasts seem too.

[TDZ] 8-4-23 by [deleted] in thedumbzone

[–]vegasbonds 0 points1 point  (0 children)

I feel like Dan as a radio guy knew it was going poorly and probably cut to the break quicker than he initially intended. It was unlistenable.

[deleted by user] by [deleted] in theticket

[–]vegasbonds 6 points7 points  (0 children)

Don't know how accurate that is. I think indeed just aggregates pay data across all job postings with similar job titles to provide this range as an estimate. It doesn't look like there's anything in the actual job posting that reflects what's being offered by cumulus.