Wednesday, September 26, 2007

Four Dumbest Things You Can Do on Wall Street

A hypothetical list of some of the dumbest things a newbie might do on Wall Street.

1. Go to the Berkshire Hathaway annual meeting next year in Omaha and during the question and answer period ask the following question in front of everyone to both Warren Buffett and Charlie Munger, “Can you please tell me what your EBITDA was last quarter and what is your earnings guidance for the upcoming year?”

2. Get an internship with Yahoo, and on your first day fly to Dallas and visit Mark Cuban and ask for the $ 4.5 billion back that Yahoo paid for in 1999.

3. Cold call Stephen A. Schwarzman, the billionaire and CEO of Blackstone Group, and offer to consolidate all of his credit card debt into a Capital One credit card with a 0% APR for the first year.

4. Become a sell side analyst covering homebuilders, attend the annual meeting of the National Association of Homebuilders, give the keynote speech and start off by saying you anticipate a brief down cycle because “it’s different this time.”

1 comment:

Mark said...

a couple of those cracked me up. good stuff