whatok

77 ms·

871.
by whatok 11y ago
Still no good reason for counterparties not even taking a minor haircut on CDS.
872.
by whatok 11y ago
I can understand rationale for saving AIG but no one has come up with a plausible reason why GS got paid 100 cents on the dollar on CDS.
873.
by whatok 11y ago
Demoed Tableau at work a few years back and it was lacking in real-time visualizations. Is that still the case? If so, anyone have any recommendations?
874.
by whatok 11y ago
6-6 US, analystish job in finance
875.
by whatok 11y ago
Reading through this thread makes me a lot happier with my current situation but also makes me want to quit my job. I live in NYC, have enough cash to cover several years of rent, and am debt free. I would love to take a break but current
876.
by whatok 11y ago
Not necessarily a common thing in practice but: https://en.wikipedia.org/wiki/Hurdle_rate
877.
by whatok 11y ago
"Free market capitalism" does not exist so that's a misnomer.
878.
by whatok 11y ago
This is a slide deck accompanying the author's presentation he gave here: http://www.meetup.com/Multithreaded-Data/events/225205209/ I think you're taking things a bit too far here.
879.
by whatok 11y ago
To be clear, the Fed organized a private sector bailout of LTCM but did no taxpayer money was spent on it. Much different than the financial crisis.
880.
by whatok 11y ago
How does it make things awkward for you? I wouldn't necessarily dismiss it out of hand without some self-reflection but you can't let what others think of you affect your performance.
881.
by whatok 11y ago
Would be interesting to see what the filing has to say about Dorsey between his two gigs.
882.
by whatok 11y ago
Such a clickbait title. Former hedge fund employee starting a hedge fund a bit more accurate.
883.
by whatok 11y ago
Congratulations! Absolutely changed the Python game and great hosts of events as well.
884.
by whatok 11y ago
Imagine is the keyword in your statement. Different firms are going to have different cultures. There are places where the developer is essentially the trader and as far as professionalism goes, I could easily be mistaken for a startup em
885.
by whatok 11y ago
Being able to upload your own music has been the only reason why I use this. I have a lot of mixes that aren't commercially available so this is basically the only way I can listen to them without having the actual MP3s on whatever de
886.
by whatok 11y ago
Thank you, I'm well-aware that other large companies are able to do all these wonderful things but it really is a different beast. I think a huge part of it is that the tools do not lend to a very collaborative workflow. Excel and Pow
887.
by whatok 11y ago
This is a good thing. There may be some work piling up as a result of this but it's not like analysts are lacking for hours in a day to get work done. Since these changes are well-publicized, senior people will have to abide by them
888.
by whatok 11y ago
So people always bring up outsourcing part of the job to some developing country but that would run into the same problem as your third option. Having too many cooks in the kitchen will introduce a lot of operational error while having a f
889.
by whatok 11y ago
The senior bankers who actually bring in clients are worth their weight in gold. 0 chance anyone in a position like that is going to stick around to get underpaid while bringing in business.
890.
by whatok 11y ago
This really depends on bank as well as group within bank. Definitely not a hard rule.
891.
by whatok 11y ago
A lot of it is ego-driven. Senior people think that because they went through it, all junior people have to go through it too. Companies feel that if they're shelling out huge money in fees that banks should be on-call 24/7. If
892.
by whatok 11y ago
Depending on the role, the financial modeling skills learned as a junior banker are pretty much unparalleled vs any other opportunity straight out of undergrad.
893.
by whatok 11y ago
These people are essentially on-call, on-site. There's a lot of money involved with the deals companies are trying to close and bankers are there to handhold clients throughout the entire process. They're not working the whole d
894.
by whatok 11y ago
Until advertisers pull $.
895.
by whatok 11y ago
If you can find an article that has not been already linked here and is somehow enhanced by a Gawker "journalist" writing a two sentence summary on it... The original "articles" are few and far between.
896.
by whatok 11y ago
New issues are not always free money. Seen many deals over the past few years get torpedoed by pricing way too tight or complete garbage allocations. Even seeing some recent IG issues widening a decent amount soon after issuance.
897.
by whatok 11y ago
I think a larger problem with bond and loan ETFs is equity-like liquidity for an underlyer that is inherently illiquid. A lot of these are unproven in times of market stress and bad things can happen very quickly with how the market is rig
898.
by whatok 11y ago
A "flash crash" in equities is not the same as a "flash crash" in bonds.
899.
by whatok 11y ago
Both treasury and corporate bond liquidity are worrisome. At least from the credit perspective, banks were previously able to step in when shit hit the fan and smooth out market volatility. Between prop desks being dismantled and increase
900.
by whatok 11y ago
Yes. http://www.bloomberg.com/news/articles/2015-03-30/bond-trade...

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