Inside Goldman Sachs
http://www.economicpolicyjournal.com/2012/07/inside-goldman-sachs_01.html Listen to this interview from the Robert Wenzel Show with Derei Pilecki. I hope this helps readers who are trying to crack the job search morass. Good luck!
This week’s guest on the Robert Wenzel Show is Derek Pilecki. Pilecki is Managing Member, Founder and Portfolio Manager of Gator Capital Management. From 2002 through 2008, Derek was a member of the Goldman Sachs Asset Management Growth Equity Team. While at GSAM, Derek was the co-Chair of the Investment Committee for the Growth Team and was a Portfolio Manager. He was also a member of the portfolio management team responsible for the Goldman Sachs Capital Growth Fund, and provided primary coverage of the Financials for the Growth Team.
On the show, Pilecki talks about what it is like to work at Goldman Sachs. He also goes into detail explaining where the jobs are now on Wall Street and how to get one.
Editor (John Chew) Pilecki offers great advice for young folks in how to break into Wall Street–head for private wealth management; show what you can do. He gave the example of a blogger who got a job through his work here:http://www.frogskiss.com/ Hint: Study his past write-ups. Learn and then go do it!
Then its on to a discussion of Pilecki’s investment philosophy and his views on stocks such as Blackrock, American Express and Rouse Properties. Find out what regulatory cloud hangs over American Express and why Dodd-Frank regulation will likely force small cap bank mergers that will ultimately result in the merged banks being taken over by the big banks.
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A Purpose Driven Life
Ask for what you want.
Note the focus and determination in this short video: http://www.youtube.com/watch?v=WGMz8NyXMsU&feature=related
Or especially here: http://www.youtube.com/watch?v=lYOoWCv_PYE&feature=related
- Out of interest, I’m going to take a closer look at Rouse. I did a roadtrip at the West Coast of the US a week ago, and I get the concept of ‘malls’ a little bit better now (we have it in Belgium / Europe as well but the format is different in the US).
- I don’t remember whether is was already posted on this blog but distressed debt also has a nice post about blind stock valuation : http://www.distressed-debt-investing.com/2012/06/value-investing-hidden-stock-price.html. I would really recommend also building an Excel sheet that randomly generates tickers and 10-15 key financial parameters. Also show it to fellow investors, you should be surprised how naked some people swim (I also find myself having some serious anchoring bias from time to time!
- http://www.bloomberg.com/news/2012-07-03/mammoth-lakes-california-files-for-bankruptcy.html
Btw, you can also access ‘older’ Gator stock research via their website. Together with frogskiss blog another few hours of reading pleasure:)
Thanks for the heads up.