The recent turbulence is really no good for our money. One email that has been circulated among us in the investment banking world described how Wall Street CEOs’ and other investment gurus’ wealth had shrunk. If you loss money in the market, you are not the only person, the world is suffering.
Two things I would want to remind you. There is a life cycle for everything. Market is slow now, but it won’t be slow forever. Though some bankers lost their jobs, but star bankers are always sought after. If you are good, you are always wanted.
The slow market is obviously responsible for the reduced number of graduates being hired by investment banks. In a slow market, best thing to do is to enhance our knowledge and have us better equipped.
Everybody should have at least two dictionaries, one at home and one at work. In fact you should need one more online dictionary. Either you are working in an investment bank or any other financial services companies, a finance focused online dictionary is a very practical tool. For me I always check Investopedia. It might not be the best, but it is quite comprehensive and provides a quick reference of many finance terms.
Couple of the most recent highly searched terms are P/E Ratio and Warren Buffett. You might want to check them out and see if you are happy with the results.
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