/biz/ - Business & Finance

How much chainlink do you own?

>>15821213
Precisely 0.

>>15821199
XRP next week? Yes or no.

>>15821251
No.

>>15821199
What makes your bank too big to fail?

>>15821228
Never gonna make it

>>15821199
what kind of analyst?

How many repo terms have you undercollateralized fucks subscribed too?

>>15821199
Does your bank have an army of programmers building an AI like JP morgan

are you on the verge of failing? did the repo liquidity crisis affect your bank? if so, how?

>>15821291
It's simple math. My bank (as any other in the same category) essentially has a monopoly on all financial services and transactions in an area that could be it's own country. Should said bank fail, so would the economy of that entire area. And because everything is interconnected, the economy of the entire world.

Because humans are not retarded (and much less the people who actually own everything), at even the slightest fear that this house of cards is to collapse, governments would swoop in offering to either bail us out (i.e. bail out our owners and creditors), or broker a deal so that another monopoly can acquire our monopoly.

>>15821307
I won't give you my precise title but my hierarchical position is high enough that I oversee everything regarding risk, finance and operations. I'm an analyst of all those things.

>>15821308
I just see numbers on a spreadsheet become different numbers the next day. Whatever the actual people making big bonuses are doing is not really my main concern.

>>15821309
Yes but it is not as glamorous as you think.

>>15821312
Surprisingly no.

>>15821334
can you expand on why your answer is surprising?

How fragile the system is right now ?

When will be the next crash ?

>>15821368
Well, I had expected that by now everything would collapse. But it just keeps getting better and better. Well, for anyone who's not poor. Seriously, there have been massive and unprecedented shocks to the economy (think trade war between the two largest powers, an entire country becoming enslaved by hedge funds) and yet it is all fine and dandy.

One part of me wants to be optimistic and say that the economy has finally reached its ultimate form. Where the markets are so efficient that shocks just get absorbed by the perfect instantaneous motion of money from one place to another. But... we'll see.

>>15821398
You want a banker to predict the next crash? You'd get a more accurate answer asking a toddler.

It is when you think the market can't have a downturn anymore that the biggest crash is about to happen

Ben graham said that

Does bank does the same BS leverage risk again ?

>>15821451
>Does bank does the same BS leverage risk again ?
When, exactly, did we stop?

>>15821405
suppose for a second that your optimistic view on efficient markets was invalid, just as a hypothetical. if you had to give a pessimistic rationale about why markets have absorbed what they have, what would you say?

Maybe after 2008 learned your lesson ?

I wish SP500 -40% so I can buy cheap

I am all cash right now

looking to in balls deep when everyone rush the exit door

>>15821482
Well, if it isn't the case that money is finally perfectly efficient, then it must be the case that money is still coming in to absorb these shocks. In essence, not enough money is tied into delicate and complex "investments" yet, there's still too much cash and the rich are still placing their pieces where they want them. Once all the rich families have completely placed their bets and there's no more cash to profit from economic moves, the crash will come as the winners become trillionaires and losers jump off buildings.

What do you think of Warren buffet

>>15821199
Why are central banks buying gold?

>>15821608
He's the real deal. A once in a billion true visionary. In a perfect world, he'd be made absolute dictator of the world so we can all profit from his genius. But well, at least in capitalism he is allowed to become a billionaire and become the dictator of maybe a few hundred thousand people.

Sadly, he'll be leaving soon which is a shame. The descendants of the "real deals" tend to be fucking retards. And Buffet is so much the real deal that even he knows it and last I heard he will only leave 2B to each of his kids. Precisely enough money to let them live an easy life, but not enough money to fuck up the entire world with their incompetence. Maybe just a state or two.

>>15821622
Delete this post immediately.

>>15821317
Or they like you greedy faggots fail

>>15821640
seriously, why they buying gold?
also when USD turn into a crypto coin?

>>15821640
Do you think that the future of the markets relies more on TA or fundamentals?

How would you go about evaluating the downside risks of putting all of ones networth into Tesla stock?

>>15821658
The future of markets relies on quantitative analysis.

>>15821664
Horrible idea.

>>15821640
Tell me why you pervy analyst.

>>15821685
Do you have any learning resources you could give us for QA?

>>15821685
Yes, but tell me why. What is your thought process? How do you reach that conclusion?

>>15821724
Anon I...

This guy is a high level specialist, don't waste our time with asinine questions. Don't put your whole net worth in X. There you go. There's your fucking spoonfeeding. Jesus.

>>15821718
No particular textbook comes to my mind as essential, and there are many classics you can just google, but you should definitely know probability theory all the way up to stochastic partial differential equations.

>>15821724
You are looking to put your entire net worth into a single security. Said security has once dropped more than 50% in value in a period of two years. Historical data shows that financial variables (such as stock price) have infinite variance, which implies that a bigger drop is eventually coming.

Are you really going to bet on TSLA doing so well in the following years so that when that 60-80% drop comes, you'll still be in the money? For that to be possible, TSLA stock would need to go up 5 fold. Do you want to bet your life earnings on TSLA stock going up 5 fold? I wouldn't.

That smile
https://youtu.be/c5UJ9wT8C8k?t=8

>>15821685
Lol, how earthquake in Japan could be predicted by QA? QA is all about battling inside the order book of some derivative non-vanilla bullshit. Except that fundamentals are in rule.

>>15821199
Walk us through the fall out of Deustche bank collapsing with their $47T in derivatives exposure

>>15821780
Awesome, thanks! I code a lot, so I'm already familiar with stochastic PDEs.
They're actually really fun, so I'll take a deeper look into QA.

>>15821664
This is literally retarded and im just a pleb. There is a strong chance Tesla wont exist in 5 years when giving their financials a proper analysis.

>>15821780
Hmm, from this I certainly believe you are a banker. In your risk analysis not a single thought about the company itself, or even the direction of its overall industry.
If you only do accounting then it makes sense. You don't need to know how wealth gets created, what trends are upcoming, just "do I have a lien on an asset, ok I can loan up to X dollars". The kind of job a bot could do. Brain-dead stuff. And they certainly don't back the next Apple.
But a real analyst such as at a Venture Capitalist, would get much more complex. They would figure out the mechanics which will drive a company to profitability in the future, then back the best companies with every resource, making as few investments as possible.

What’s your opinion on crypto? BTC and ethereum?

>>15821334
>I oversee everything regarding risk, finance and operations. I'm an analyst of all those things.
No you don't retard. They hire a team of people with PhDs from Harvard, MIT, etc. Now I know you are a lying faggot

>>15821926
Ask the venture capilists who backed WeWork how thats working out. Eventually people dont want to be the next sucker to own a money losing company.

>>15821199
Fuck Off Ethan.

>>15821926
I'd like you to show me a single-asset fund. You don't need to "analyze the direction of the overall industry" when discussing going all into one single security.

>>15821964
Did you really think I meant that I am the sole risk analyst, financial analyst and operations analyst of a whole bank?

>>15821975
Thata what you implied. I know for a fact they hire mostly people with PhDs or extensive research in the field in those positions

>>15821228

based

>>15821299

retard

The only reason why I don't follow chainlink is because it's been clear from the start that sergey does not know what he's doing. He saw that airdrops work here and he decided to promote it, so he came up with an idea on the fly and went with the first name that came into his head. Then he recruited his buddies and started fudding every coin here in August, September and October of 2017. Afterwards, not realizing that he went in way over his head, he decided to promote his shitcoin as much as possible. By some miracle they launched a halfass mainnet that could have been coded in under two months, if they knew what they were doing. Sergey has never had this much money in his life and so he's blown through pretty bad, including paid promoters and marketers. Afterwards, he's been dumping realizing that you can't really build much on ethereum. He tries to delay the thoughts that's he stuck and realizes that he can never deliver. So ultimately his goal is to just wait it out, keep the crowd waiting, keep them biting until maybe Ethereum improves then have the infrastructure or maybe known as the first crypto oracle company, either way he's kind of stupid and not as smart he portrays himself. A boring and uninteresting individual, he is ruthlessly cut-throat and morally ambiguous. He just isn't a good person and his been notorious since his high school days for getting into schemes way over his head. Except this time it's in the millions and with real people's money.

>>15821983
Think with your second neuron. Do you think that the finances, operations and risk sections of a bank are completely separated? There are people that look over multiple things. The generic title is senior analyst.

>>15822009
Please do the needful and answer this sirs
>>15821879

I'm jobless. How can I make it as an analyst. Is it difficult?

Are you a millionaire ?

>>15822009
Whew lad. Now I know your larping because your backpedaling off your original statement

>>15822022
I don't know what you want me to say. It is public that they lost billions, and are downsizing. That's good for the economy. Winners grow, losers shrink. If you want me to speculate on wether they'll actually collapse before they can sell off sufficient exposure, that's not really my expertise and I know as much as you do. As I said before, this kind of stuff is not really what I do.

>>15822025
I'd say it is really difficult. If you want in I hope you have a really nice technical degree and at least 5 years of experience.

>>15822027
No.

>>15822029
I guess I suck at explaining then.

Do you have the intelligence to replicate what buffet did

>>15821894
Can you expand on that? which financials are the most problematic for a company that is going to dominate the entire car industry for a decade at least (all other car companies combined (toyota, ford, volvo etc etc) make half as many cars as Tesla do, as a conservative vision of 5 years in the future)

>>15822069
Will chainlink put you out of a job?

>>15822104
Absolutely not (yet). And probably never, but I do have my wild dreams of eventually going hedge fund and really playing with the economy.

>>15822113
They arent profitable, they lost their green credit and real competition from other companies will be coming online in 2020.

>>15822114
i don't understand where this meme came from. people assume that smart contracts will automate the financial industry, but the fact is that those of us who deal in securities and facilitate their movement/liquidity will always be necessary.

Are widespread smart contracts suddenly going to remove the need for risk analysis? Will smart contracts remove the need for financial reps to engage the market on behalf of clients that know fuck all about the economy/asset management? Will smart contracts remove the need for custodial firms to secure and protect client assets?

Smart contracts will probably become a staple to back end security swaps from executed derivatives, but just because the facilitation of the swap has increased in efficiency doesn't mean the house ceases to exist. If anything it further entrenches them.

>>15822116
I tried to open an account at BIS (Bank for International Settlements) but they told me it's not a bank.
Mind explaining that?

>>15822354
It is a bank but only for internal clients. These being central banks or other huge international organizations. It is not a bank in the sense that in the traditional literature, you don't consider this to be banking. Warren Buffet is not a bank when he lends his children 1 million bucks to buy land, etc. But really it is banking.

>>15821199
Do you actually understand modern bankers have destroyed capitalism , price discovery and the very engine of growth the savers ?
You do realize in the coming debt field financial apocalypse bankers gonna make Epstein look like mother Theresa. 2-5 years is all you got to exit and hide.

What's the strongest bank in USA

What happen to my money if JP morgan goes under

Should I sell my stonks?
Am I a fool for investing in foreign companies NTDOY and BILI?

Should I just say fuck it, stop trying to get into an affordable public school career training program, and speed things up by going to a private institution, betting on eventual student loan forgiveness?

>>15822326
kek nice cope enjoy being jobless in a few years why I continue my indoors chicken farm and become rich

>>15822396
Another thing: I need to make an assignment for school about the private owners of the fed and I really want to get an A. where can i get this list?

>>15822403
>Do you actually understand modern bankers have destroyed capitalism
Define destroy.

>>15822410
If Chase goes under not only do you lose your money, we go back to the stone age. Hence too big to fail.

>>15822411
If you are still struggling to get educated, you should not own anything. Invest in your education. Also, as a human being, I'd tell you to not get a student loan. As a banker, I'd tell you to get 2 student loans.

>>15822420
You can find the list in the afterlife. Inquire more and you'll find it.

Was 2008 almost going back to stone age ?

>>15822454
No, 2008 was a routine crash.

>>15822438
what are some interesting things you have seen as part of your job?

What are some secrets about banking the common pleb doesn't know?

>>15822438
But... selling at a loss is buying high and selling low....

And loan forgiveness seems to have a lot of momentum behind it.

>>15821780
>You are looking to put your entire net worth into a single security. Said security has once dropped more than 50% in value in a period of two years.
nigger my whole net worth (100k$) is in chainlink, and it dropped more than 50% in not even a few months... don't they teach you the law of visualize or the principle of charging your sigil in college?

Why are economist so smart but so poor

They are smarter than buffet

>>15822459
Do you anticipate another routine crash soon? I'm thinking index funds go the way of CMO's at some point but unsure if a reversal is imminent.

>>15822478
>if you’re so smart why aren’t you rich?
I miss Batman TAS

>>15822460
I already have more affinity towards the ruling banking families than to my fellow human beings, so I would not reveal anything important even on complete anonymity.

>>15822470
Yes, that's why you should get a student loan. Loan forgiveness essentially means that we get a riskless payment out of the government, and we have the means to really squeeze them should they ever try to fuck us back.

>>15822476
I wish I had your courage.

>>15822478
Most economists are retarded.

>>15822505
Not yet, but one is always brewing.

>>15822531
>I already have more affinity towards the ruling banking families than to my fellow human beings, so I would not reveal anything important even on complete anonymity.
based larper

>>15822459
Please start using this board more often, anon. We could use people like you here.

>>15822531
>I already have more affinity towards the ruling banking families
What made you switch? Realize there is no hope for the common man?
Also, there's nothing you can tell me that i don't already know.

What's your portfolio like ?

Why aren't you a millionaire

Is the market random and buffet got llucky

>>15822549
You can find me regularly posting on /sci/. But a while back I had fun talking about finance with an economics student after I fucked her, and I guess I got into talking about esoteric financial bullshit with people that know vastly less than I do, hence this thread. I may repeat it, but not regularly.

>>15822552
There is absolutely 100% no (0) hope for the common man, ever

>>15822569
>What's your portfolio like ?
I do not own anything interesting. Exactly what you'd expect. Some corporate bonds and some "blue chip" meme stocks. I'm looking into running a quantitative portfolio on my own eventually, but not yet..

>Why aren't you a millionaire
I'm not smart enough to become a millionaire in the time that I have been in this earth.

>Is the market random and buffet got llucky
Market is not random, Buffet did not get lucky (except for when he won the father lottery).

What's the cheat code of James Simons

>>15822531
career question for you too. I'm on the trading floor at my firm, low level phone guy, got my 7 and 63, teaching Fin Advisors block trading/folio mgmt software as part of a national roll out.

They're gonna pay for my 65 and reimburse me for CFA lvl 1, is this a good plan for getting into financial analysis? I want to learn securities analysis, would prefer equities but am not beyond making a career out of fixed income or commodities. Any advice?

>>15821780
>Said security has once dropped more than 50% in value in a period of two years

rookie numbers. crypto goes up and down 50% in a matter of days.

>>15822552
the more i learn about finance the more i'm certain the common man has always been fucked.

>>15822601
>I'm not smart enough to become a millionaire in the time that I have been in this earth.

just go on coinbase right now and buy 1000 chainlink, let our autistic memes do the rest of the work. you'll be a millionaire EOY.

>>15821199
what's the thought of bitcoin and or public crypto in general in your company among
a.everyone there in general
b.those under 35/40 years old
c.your biggest ceo/director/whatever direct the thing at large

>>15822662
Imagine being so pathetic as a currency you need to make this chart to justify its existence

>>15822619
That seems good all-around. I don't have a CFA and I know it is very well respected, but I can't really help you with that. But your route seems solid.

>>15822662
No one talks about bitcoin except one guy.

>>15821317
Good LARP. This sociopathic cockiness sounds almost like the real thing

>>15821199
I'm an accountant for 5 companies (car dealerships and real estates). I don't have a degree or designation, just boat loads of experience and references.

If I wanted to work at a bank, what's the best case scenario job I could get?

Loved reading your posts btw.

Another bailout would bring double digit inflation for USD. Sure, it is likely, but a worse effect is that no one wants dollars anymore and banks are essentially worthless.

>>15821334
>I won't give you my precise title but my hierarchical position is high enough that I oversee everything regarding risk, finance and operations. I'm an analyst of all those things.
just fucking lol at anyone that falls for this

Bad larp, going too hard on the educated bipartisan master race shtick.

2/ negative interest rates mean the monetary system has already failed. CB spokespeople going out and acting like negative rates are nothing unusual have massive brass balls, but plebs are believing them.

Do not discount that your country's monetary system has already failed and you are the sucker thinking it's not

>>15822531
>Yes, that's why you should get a student loan.
I thought you were saying I shouldn’t get a student loan?

What would you tell your son to do, get a loan or expect that the terms of the forgiveness program will fuck him over if he tries to go that route in 2019?

>>15822793
>Bad larp
it's actually a way above average larper

>>15821274
as if they'd tell you

>>15822861
No larp is above average, if you can tell it's a larp they are just an idiot. Good larps get copycat threads and screencaps.

>>15822762
Banks are extremely bureaucratic meme corporations. Just having no degree will mean your application will get burned. If you honestly want to get in, you must do it through the back door. Get some insider connections.

>>15822845
My human side told you to not get a loan. My banker side told you to get two. I would tell my son to get a scholarship. But well, if you must, you should know that you never win. Either the government wins, the bank wins, or both. But never you. You will have to make a hard decision that will leave scars, but at least you'll get your education. Just try to find the one who will fuck you the least hard.

>>15822684
Are you that one guy since you’re here?

>>15822921
Ok, to phrase it differently:
let’s say I can pretty much pay for it out of pocket. Will I regret paying for it myself, when it seems like everyone else is about to get free gubberment moneys?

>>15823047
I only talk about bitcoin if someone else brings it up.

>>15823063
Okay if you have the money I think you should still get a loan. Not to bet on the government bailing you out (when was the last time the government helped a functioning citizen of society?), but because if you already have money then you'll find it much less stressful to just make negligible monthly payments on debt that you could technically cancel at any time. It's basically what rich people do.

It's always a good idea to keep money to escape to thailand should the need ever come.

>>15823063
use it as leverage to get a small interest rate. why pay for it out of pocket if you can get a low interest loan and pay that interest with income from your investments?

How do I marry a cutie heiress from an elite banking family?


Also, are the rumors true about the Rothschilds owning most of the world's wealth. Has their power faded or are they hiding their true power level?

Also, also, Buffet made his fortune through great instincts, great intuition and an understanding of the companies that have intrinsic value and a true competitive advantage, not math driven.

>>15823101
This is true but buffet buy and hold would have collapsed by now if not for the Fed QE and his inside line to governors
He’s also turned into a very fucking hypocritical smug socialist

>>15823140
>it’s wrong that my secretary get taxed at a higher rate than I do
>THATS SOCIALISMS!!! THATS REDISTRIBUTION!!
System is fucked up and Buffett is at the point in his life where he can talk about it.

>>15823140
Agreed on all points.

>>15821199
Do jews run the world?

Seriously what do modern bankers actually know about money and investing.
All they have done for thirty years is reward themselves for massive exposure , malinvestment and incompetence requiring trillions of tax dollars in bail outs.
They are literally the fucking problem.

>>15822354
i have more link than you and >>15822326 is right retard

>>15823162
>the world is run by people too stupid to keep 4chan from figuring them out
Yeah probably

>>15823095
Still very torn.
I think it's good advice that I shouldn't own stocks though, I've made a lot of bad decisions. But selling MRK, DIS, and CGC down here seems stupid to me. And NTDOY seems like a good investment, especially if the Switch roll out in China goes well.

Where should I put $150k OP? Honestly

>>15821317
>Because humans are not retarded (and much less the people who actually own everything), at even the slightest fear that this house of cards is to collapse, governments would swoop in offering to either bail us out (i.e. bail out our owners and creditors), or broker a deal so that another monopoly can acquire our monopoly.

I can't wait for the day Crypto finally gains universal acceptance and renders your bullshit banking system obsolete.

>>15822069
> If you want in I hope you have a really nice technical degree and at least 5 years of experience.
Engineer here, I'm on the wrong side of 30 and realized that the financial class doesn't want humans colonizing the planets, which makes my honorable engineering work pretty irrelevant. Not to mention my honorable monogamy.

If I go work in finance doing what you do, how much puss could I smash?

>>15823063
Read the texts and get A's. Don't pay $300k of family money for a master's degree like I did... the money doesn't read the textbooks for you. Get A's and then get a scholarship or work experience.

>>15823815
Answer this question

>>15824584
Chem degree/wagie here past 30. I'm >>15822619. I got into a firm, got licensed, and 83% of my ATH wage in about 1 yr. I can make more money at other firms but I'm here to learn.

Just take a lower lvl brokerage position, that's your foot in the door. If you're smart enough for STEM you can handle this shit. It's gonna be valuable to understand this system no matter who you are.