MetalMario
formerly m4riol
- Sep 24, 2008
- 15,687
- 14,890
“Capitalism: God’s way of determining who is smart and who is poor.”
- Ron Swanson
- Ron Swanson
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- May 20, 2006
- 6,000
- 9,918
Its tough man. Market is run by quants and algos now. You need advanced degrees in mathematics to truly understand things. I remember when I first started, CNBC was live on the NYSE trading floor with all the traders everyday. That doesnt even exist anymore, everythings done with computer programs now.
I recently learned VOO is superior to SPY over the long term cause it has better management fees.
- Apr 5, 2008
- 39,608
- 80,266
antidope
Supporter
- Jan 2, 2012
- 63,622
- 68,285
Totally agree. The whole thing is gamified and this is why active management is totally garbage.
I totally forgot about VOO. At work we pretty much use SPY exclusively due to the tighter tracking error and higher volume. For the retail investor those things are irrelevant and fees should be the number one factor.
Fees are the biggest detector to returns point blank. I feel like the no commissions wave has had a negative impact on retail. When there was commissions any trade you made you started down when you factored in commissions and you lost on the way out. It created more hesitancy. Now people just whip it around cause they can.
DeadsetAce
Supporter
- May 31, 2004
- 107,247
- 53,440
drop a couple cliches and sound smart. is that the play?
- Mar 22, 2003
- 29,005
- 17,672
drop a couple cliches and sound smart. is that the play?
That’s how you get to work at BLK
OR SO IVE HEARD.
- Apr 16, 2014
- 24,085
- 48,736
- Jan 29, 2007
- 7,084
- 45
Do you truly believe that inflation is indeed an issue given where we are? Fed has stated that inflation is transitory in which I do agree to some extent. Supply chain issues will eventually ease IMO. You raise rates too fast and you risk sending our economy into a recession.
- May 27, 2017
- 20,233
- 26,559
Water is wet
- Jan 12, 2017
- 1,097
- 729
GS info session & cocktails next week
Got the internship offer now comes the full time offer
Got the internship offer now comes the full time offer
- Dec 23, 2009
- 30,368
- 21,945
Soon 
- Mar 22, 2003
- 29,005
- 17,672
Everyone is leaving GS be careful
- Jan 12, 2017
- 1,097
- 729
in your view, what opportunities are more desirable?
- Jan 12, 2017
- 1,097
- 729
Opportunity cost of grad school could be millions
- Oct 10, 2005
- 21,582
- 12,430
- Nov 21, 2013
- 431
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It doesn't matter what the Fed says. I said this earlier in this thread: Powell spend 8-12 months insisting that inflation is transitory. After he got re-appointed to a 4-year term, he came out within 8-12 days and said that it's time to retire the term "transitory" when talking about inflation. He knew all along that it wasn't transitory, he just didn't want to mention anything about raising rates because it would jeopardize him getting re-appointed.
People don't really understand inflation. You say that sending the economy into recession is a risk. What is at risk? Recessions are needed, they're a part of the economic cycle. The pace of inflation is far, far more of a risk to the economy than a recession is. At this point, a recession isn't a problem, it's a solution.
Don't listen to the clowns at the Fed, they have ulterior motives. Listen to a guy like Mohamed El-Erian.
The past Fed under Alan Greenspan thought recessions were a solution. Thank goodness he is no longer in charge.
This Fed is more focused on full employment under Jerome Powell. Not only that, they understand that they can disconnect the stock market from the economy through asset purchases. Interesting times.
This Fed is more focused on full employment under Jerome Powell. Not only that, they understand that they can disconnect the stock market from the economy through asset purchases. Interesting times.
antidope
Supporter
- Jan 2, 2012
- 63,622
- 68,285
Forcing a war to reduce the duration of the forced recession
antidope
Supporter
- Jan 2, 2012
- 63,622
- 68,285
David Solomon is a maniac. All that "You're not people you're commodities" rhetoric isn't the move. It's the first time in a long time that Goldman is losing footing in the desirability space and he's choosing to double down on the nonsense
- Aug 22, 2007
- 5,494
- 2,469
GS paid ridiculous bonuses last year, but historically they’ve underpaid folks. It’s a great brand for moving to other firms or out of the industry but not the place to be a career banker.
antidope
Supporter
- Jan 2, 2012
- 63,622
- 68,285
"The Goldman brand is a part of your compensation"
- Jan 12, 2017
- 1,097
- 729
I should specify I’m networking GS for the full-time gig
My internship offer is at Cloud Kitchens
- May 20, 2006
- 6,000
- 9,918
Watched an interview with John Paulson last night on bloomberg. If you dont remember him, hes the guy that made $20 billion shorting MBS back in 2007. Largest known payout on a single trade. He basically said the fed is wrong and at this point his portfolio is positioned to take advantage of higher than expected inflation and rising interest rates. Was a great interview with a lot of good advice.
- Mar 22, 2003
- 29,005
- 17,672
EYE always thought you wanted to go tech
- Mar 22, 2003
- 29,005
- 17,672
I mean he’s just saying what every org thinks - these spots don’t love the middle manager/lower folks
