Greed is Good: Summer experience of two Wall Street Interns
November 28, 2006
Learn why money never sleeps with a summer job on Wall Street.
Note: This article was submitted by one of our Guest Authors. However, they asked us to withold their name as they are currently employed with one of the companies mentioned in this article.Let us call them Bill and Jane
Undergrads looking to explore the world of high finance flock to Wall Street for summer internships. Post-grad, a job on “The Street” is more lucrative than ever, as firms have raised salaries and lowered time limits for promotions in an attempt to stave off the exodus of talented workers to Internet startups. The improving benefits mean that the competition for Wall Street jobs is fierce. The key to obtaining one is getting a foot in the door early.
The road to a high-powered job starts with internships. Just don’t be disappointed if the closest you get to learning to trade like the big boys is connecting their phone calls. But you never know. You could end up doing some cool stuff, too.
“I was interested in working on Wall Street my whole life. I started investing when I was thirteen. Last summer when I needed an internship and I was unable to get a job on my own, one of my dad’s friends who is a trader on Wall Street, he got me a job working on the New York Stock Exchange,” says Bill of the University of Pennsylvania’s Wharton School of Business. “Sometimes I’d help answer the phone, take orders from customers, or update them on their orders or when they want to look at a certain stock trading on the floor. I served as a communications link between the broker I worked for and the client. I had to write up reports which wasn’t very complicated.”
Family connections help when it comes to finding jobs on Wall Street, especially with the smaller independent brokers. The most popular way to find an internship at Wharton is through the career services department, which supplied 36% of interns with jobs. The second most popular was through a friend or family member, with 29% of Wharton juniors obtaining internships this way. Since so many students are interested in interning with Manhattan firms, the more people one knows and the more experience one has, the better.
No matter what an intern’s credentials, there is always the possibility of poor treatment by superiors. The Wharton grad told a story about one of the “practical jokes” that was played on him as a naive intern.
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The adventure at Sin City: Man gambles life savings on one spin. Double or nothing!
November 28, 2006
Ashley Revell sold everything he owned, travelled to Las Vegas and bet it all on one spin of the roulette wheel. He bet $136,000 and this is what happened…
I am pretty sure he has a rich family, and if he lost, he would have inherited it from his father anyway. I bet my lifesavings that that is what the situation was.
Now… Red or Black?
In case you were wondering about the payout possibilities,
On American wheels:
red/black ~47.3684211% chance of winning.
any given number ~2.6315789% chance of winning.
On European wheels:
red/black ~48.6486486% chance of winning.
any given number ~2.7027027% chance of winning.
Payout for betting $126,000 on #7 = $4,760,000
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If you liked this article, click here to buy me a beer!Video of two Geeks inability to talk to and their fear of Girls
November 28, 2006
It begins out as
“Society always chose to scorn the truly unique, but that is a burden you choose to bear when you can bend the walls of reality with the power of your imagination… that’s a gift to be respected… and feared”
“That which does not kill you makes you stronger” which describes these Geeks high school experience.
Another classic line from the video “Mercy?! You wanted Mercy?! I am chaotic neutral!!!”
This is a story of two geeks named Doug Douglason and Raymond Ractburger.
I think I know a friend who has that dragon shirt!
Man… I need to get out more…
In case you are curious about the game they were playing in the video, the “Mystery of Seduction” game, check out this article on Wikipedia
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How to fix the red lights of death on the XBox 360
November 28, 2006
A Brazilian guy, an Xbox 360 suffering from the red lights of death and and a great idea. Watch this video and you will see what I mean.
Best part, it doesn’t void your warranty.
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November 28, 2006
Here is a new video of the “Sugar” user interface. OLPC is working with Red Hat on a Linux kernel for the machine, but are opening up the design; it is inevitable that there will be several variants of Linux to choose from.
Now imagine is this is souped iwth with XGL, Beryl, Compiz and all the other good stuff. But again you have to think about the power restrictions on this machine. As it is, during daylight, the users switch to monochrome.
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November 28, 2006
This is a spec commercial for a new cell phone from Apple , the iPhone or the iTalk by award winning filmmaker Christopher DeSantis with design by Gregory DeSantis.
This potential design of the iPhone is a really good ingenious design. The fold out design manages to incorporate four functional faces in a predominantly two-sided structure, while at the same time shielding the sensitive interface keys from external elements. Plug in a 30Gig Hard drive on this baby, then you have a phone and an iPod together.
Downside: Apple has said before that the iPhone will not be a flip phone. Still, the design is awesome.
If you liked this article, click here to buy me a beer!Tips and suggestions to help you prepare for a formal date or dance or dinner
November 28, 2006
If you’re doing a formal dance and you haven’t answered these vital questions, you could be sorry.
It’s formal time. Do you care?
If you don’t care, that’s your deal. Go read another story.
But if you do care, are you ready? You might think you are, but if you haven’t answered some very basic questions, you could find yourself in sad shape at The Big Ball.
It doesn’t matter whether the formal is school-sponsored or thrown by a frat or sorority. And it doesn’t matter if you’re male or female. Both guys and girls have their own separate questions to answer and a few that are shared by both.
Are We Traditional, Liberated or Dutch?
The first problem may arise as soon as an upcoming formal is announced: who pays for the tickets? If it is a formal put on by a department within the college, both the guy and the girl may feel obliged to pay.
“When residential life sponsored our Winter Ball in February, the tickets were $50 per couple,” Heather Ogalli, a sophomore at Monmouth University said. “My date and I felt that was a lot of money for one person to pay, so we split the cost. After all, we are college students on a budget and it’s not as if we go to different schools and have two formals to attend,” she added.
Splitting the cost of the tickets may be the best way to go if you and your date go to the same school and you want to be fair. However, when your date goes to another college, going Dutch may not be such an easy solution.
“When talk of the Winter Ball came around, I really wanted to go with my boyfriend. We had never been before and this was the last year I could go,” Christi Montgomery, a senior at Monmouth University, said. “But my boyfriend goes to Rutgers University and isn’t big on the whole formal scene. I decided that since it was my formal and I really wanted to go, I would pay for the cost of our tickets. It was only fair to him.”
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