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Posts by CunningSmeagol

I know this thread is mostly of the joking kind, but there's a neat paper on cigarettes as currency in a POW camp. Here's an excerpt describing the problem with using currency that has strong intrinsic, non-monetary value: THE CIGARETTE CURRENCY Although cigarettes as currency exhibited certain peculiarities, they performed all the functions of a metallic currency as a unit of account, as a measure of value and as a store of value, and shared most of its characteristics....
It is awesome. I'm in the middle of it and totally absorbed.
Gold is valuable because it is reasonably scarce, easily divisible, not easily counterfeited or destroyed, doesn't perish and therefore is usable as a medium of exchange and store of value, i.e. money. People will always be better off using money than by bartering - otherwise you need people who are willing to hold something inconvenient or a coincidence of wants. It's just a question of what money they turn to. Gold is like totally awesome as money for the reasons listed...
Yep. Agreed. Why isn't your school making book recs and doing mock interviews?
What's HBS stand for?
Do an E/W program at a top 5-10 school (depending on your location, you may have to fly in, making this option less attractive). Recruit into an IB associate position then interview in 3-4 years for asset management. While you're at b-school, take entrepreneurial courses and learn how to talk to VCs, and meet people who are also entrepreneurial minded and get involved in a startup. I'm guessing your current job is basically 9-5, so you should have plenty of time to do...
But how much risk are they actually bearing with me putting in 25% equity? Yes a lot can happen in 6 mos but it would take a real crash to chew through that. I'm just asking if anyone has seen any other options, for example I accept more onerous terms then refinance once I'm employed. Or have it written in the contract that they get a higher liquidation preference until I refinance. Is contracting for these things so standardized (so they can be sold to the GSEs...
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^^^^What is this I don't even
Your prep should start with these questions: How old are you? Where did you go to school? What do you plan to get on the GMAT (like, what actual number)? What is your work experience? Do you have a compelling story? Business schools do not care about things like CFAs, alternative GPAs, and excuses for getting bad grades at a non-target school. Those are available to literally anyone. You really need a hook that makes them think, "wow, we cannot get this person...
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