Last week a “bulge bracket” investment bank or investment company let go its 3-person team of experts covering the same industry – Engineering & Construction – which i covered within my last job. It was part of a headcount decrease that included several groups of analysts. There are way too many experts on the road way. Wall Street cannot continue to support the headcount and infrastructure with trading commissions at a few cents a share. The situation has baffled me since I graduated business school. The sell aspect work is not seen as value add. Where the sell aspect converges with mass media and entertainment, it becomes a slippery slope.
Being a speaking head on TV is fun and it reinforces the image worth focusing on, but it isn’t necessarily the ultimate way to deliver information to clients. OTB 20 years after the arrival of the Internet to walk out business and it will take institutional collateral research at least that long to check out suit if it proceeds its race to the bottom.
It is legal. Wall Street sell aspect is research is governed. You won’t finish up doing the perp walk talking to a Wall Street analyst as you may using the “expert networks” or other off Wall Street research. Over time, experts become experts and this cannot be computerized or quickly replicated. The value of the analyst originates from their ability to comprehend the nuances of the continuing business via independent research, so they can verify what management is saying, ask questions with respect to shareholders and provide perspective to clients. But so much is drowned out and crowded out by noise and information. The business I think would do well to make contact with its roots as a sleepy profession one intensify from accounting (apologies to accountants, but you’re all preparing taxes now anyway).
- Valeria says
- Become a digital assistant
- Comfortable with figures
- 7 Industry News Analysis of Stem Cell Banking
- Sell – Be short
- Adhere to high criteria even if they’re not necessary in your country
Isn’t unfettered immigration a risk to the lives and basic safety of the American people? Isn’t a press into socialism – communism a risk to the lives and security of the American people? Isn’t extreme taxation a risk to the lives and security of the American people? Isn’t offering a fifth of the countries uranium source to the Russians in exchange for a half-million buck speaking engagement for Bill Clinton a risk to the lives and security of the American people? Isn’t a rigged election (as we witness the mess going on in Florida, Arizona, and Georgia at the hands of democratic election officials post 2018 mid-terms) a risk to the lives and protection of the American people?
Aren’t attacks on our Constitutional Bill of Rights (free conversation, etc.) a risk to the lives and basic safety of the American people? Aren’t attacks on the US electoral university a risk to the full lives and safety of the American people? Isn’t, as Mr. Steyer helps, setting up a global climate change carbon tax a risk to the lives and security of the American people? We could continue and on but suffice to state, people like Mr. Steyer seem to be deceptive and mendaciously disingenuous maliciously.
Oh wait, I forgot to mention. Mr. Steyer is a financier of several ‘green’ energy projects that would benefit greatly from a climate change effort. Seems that Mr. Steyer is a capitalist in the end. A dirty one. But a capitalist. I thought democrats hated capitalism? Democrats appear to have embraced racism. THE UNITED STATES education system has been infected and infested by democratic liberals terminally.
If you like your kids, do not surrender their thoughts to these serpents. I have read that several school indoctrination centers (Ohio University for one) are broadening the racial separate on campus. Several establishments have enacted individual orientation and graduation occasions for dark students already. Some have even dedicated certain days that only black students are allowed on campus. My very own alma mater has suggested such an idea.
I’m sure coming soon to a campus nearby there will be cafeterias tagged ‘White Only’ and drinking water fountains labeled ‘Colored Only’. The KKK must be so happy that their ideas are alive and well on school campuses and in liberal democratic hearts. Government forced segregation is returning! Someone quick, improve the Confederate Battle Flag in the heart of campus!
Odd, isn’t it that these are the same crazy indoctrinators that are occupied telling children that they are the same. Some are now suggesting that girls and boys should be allowed to use the same restrooms and showers. So, they need their subjects to trust their is no difference between sexes but there is a huge difference between races?
Democrats have an evil core. Dr. David Jeremiah is the mature pastor of Shadow Mountain Community Church in NORTH PARK, California. I’d encourage everyone to listen to him speak. We received’t hold his residency in an ongoing condition of lunacy against him. He recently wrote: “One way Satan strikes us is by creating rage and bitterness in our hearts.