Hi all…I found this article on getting into Goldman Sachs. By the way, my professional specialization is management consulting for the financial services industry….so my life’s not only about slimming down and making money online…hahah and…I hope that makes me less bimbo-ish? hahaAnyway, for those who are fascinated about Goldman Sachs as “The Firm” to get into…the article below may prove useful to you :)====================================================Want to land a job at ‘The Firm’? Here’s how, by those who’ve done it before.1) Interview again and again (and again)Most front-office banking jobs involve a handful of interviews. Jobs at Goldman involve a dumper-truck full. We spoke to one former executive director at the bank, who joined as an associate back in the late 1990s. He had 47 interviews for the role.“Back in those days, there was a real feeling that hiring by consensus was the way to go,” he says. “Two people tried to veto me and I had to re-interview with them and conv…
My niece Kara just graduated from a Rhode Island university with a teaching degree; this was a bit of a shock to my system, since I first met her when she was just learning to walk. This week I wanted to offer Kara and other grads some advice on how to think about money and how to use it as a tool to achieve more happiness. Given what’s happened over the past year and a half, this isn’t an easy assignment.
Too many people are no longer reaping what they sow. They worked hard and got laid off. They saved diligently for college, and their 529 plans tanked (while tuition grew at double the rate of inflation). They contributed regularly to their retirement funds and lost 40 percent or more of their portfolios. They took out a mortgage they understood to buy a home they could afford, and it plummeted in value. They paid for health insurance but ended up bankrupt when they got sick. They followed the rules, and their dreams were derailed.
In the early 80s, DOS was the most commonly used and recognized operating system (OS). In fact, DOS became the OS of choice and turned Microsoft into the leading software and computer technology provider. Newer Windows versions however, have proven more effective and reliable. At one point, MS DOS was the standard. Today, MS DOS is nearly obsolete.
Ever evolving products and standards are the result of a dynamic and efficient market place. The stock market dynamics of the last two years have certainly raised the bar and forced investors to rethink their strategies. Is diversification the financial equivalent of MS DOS?
For decades diversification has been the standard for many investors. The idea behind diversification is clear: exposure across multiple asset classes increases the odds of picking pockets of strength, just as placing multiple bets across the Roulette table gives you a higher chance of picking the winning number.