GameStonks!!! :rocket: :moon: Consumer & Retail Sales & Trading by Karl - January 27, 2021January 27, 20210 You'd have to be living under a rock if you hadn't heard about what's happening to GameStop yet - the meteoric rise in the stock price of the unprofitable chain of game stores has captured the attention of finance bros and regular joes everywhere. The stock, worth as little as
Coding and Finance Technology by Karl - December 19, 2020December 19, 20202 Gone are the days where the computer science types are relegated to the back office or equities in Dallas. Having an understanding of computer science and coding is now advantageous in many business careers, including finance and consulting. Granted, writing programs in C++ is still quite rare in front office
Life Insurance, IFRS 17, and the Contractual Service Margin Financial Institutions by Karl - November 7, 2020November 28, 20200 On a high level, insurance companies are in the business of buying, selling, and pooling risk. By piecing together a portfolio of uncorrelated risks, insurance companies are able to provide value by spreading the risks among the participants, and profit from the aggregate premiums that participants pay. Insurance companies sell
The CFA Exam Study Method I Wish I Knew CFA by Karl - September 6, 2020November 23, 20200 (If you are a CFA Level 1 or Level 2 candidate read to the end to receive a special offer.) There are plenty of war stories among those who have attempted the CFA exams. Within capital markets, passing the CFA exams is a nice badge of honor that proves your ability
Internet Platforms and Network Effects Technology by Karl - May 9, 2020May 9, 20200 We talked quite a bit about the advantages and disadvantages of platforms over traditional pipelines, but there is one aspect that was glaringly absent. Network effect is a critical element of any platform, not only does it allow platforms to grow rapidly, but also allows it to defend itself against
How Platforms Disrupt Different Industries Technology by Karl - May 3, 20200 Through a cursory glance at the different internet platform companies, we see that although platforms permeate all industries, some industries are more disrupted than others. Certainly, platforms are superior to pipelines in some aspects, but the advantage does not persist equally in all industries. What makes certain industries more vulnerable
Introduction to Internet Platform Companies Technology by Karl - April 12, 20200 The advent of the internet has fundamentally changed how we live, consume, and travel. To search for information, we no longer turn to yellow pages or encyclopedias, but Google and Wikipedia. To buy gifts, we no longer need to go to the store, we can browse for widgets on Amazon
10 Implications of the Coronavirus on the Chinese Economy China Coronavirus Technology by Karl - February 13, 2020April 4, 20200 With parts translated from an article by 水木然 The 2019 novel coronavirus, known as COVID-19, has been in the headlines for a few weeks. The deadly virus originated from Wuhan, Hubei right before Chinese New Year (CNY), and has since spread over China and subsequently the world. As of February 21st,
Interview with: Big 5 Commercial Banking New Grad – Interest Rates, Hours Canada Commercial Banking Credit Interview Series by Karl - December 31, 2019December 31, 20190 Where do commercial bankers usually take clients? Personally, not a lot of knowledge about that – it’s almost always the account manager that does all the wining and dining. I am aware that it’s quite common to get valued clients in the box seats of a hockey game. The account manager
Interview with: Big 5 Commercial Banking New Grad – Getting In, Training & Orientation, The Role Canada Commercial Banking Interview Series by Karl - December 31, 2019December 31, 20190 How many commercial banking new grads are hired every year by the Canadian banks? In short, it varies. I know that CIBC and TD hire under 10 people per year. But on average, about 10 – 15 people per year. However, there is some occasional year-round/off-cycle hiring when someone quits/get promoted,