Accounting and Finance, Ratios

The Living Yield Curve (One Bond Strategy) | SmartMoney.com

The Living Yield Curve (One Bond Strategy) | SmartMoney.com:

"A normal yield curve, therefore, slopes gently upward as maturities lengthen and yields rise. From time to time, however, the curve twists itself into a few recognizable shapes, each of which signals a crucial, but different, turning point in the economy. When those shapes appear, it's often time to alter your assumptions about economic growth. To help you learn to predict economic activity by using the yield curve, we've isolated four of these shapes — normal, steep, inverted and flat (or humped) — so that we can demonstrate what each shape says about economic growth and stock market performance"

Types Of Bonds

Types Of Bonds:

"Bonds have many characteristics such as the way they pay their interest, the market they are issued in, the currency they are payable in, protective features and their legal status. Bond issuers may be governments, corporations, special purpose trusts or even non-profit organizations. Usually it is the type of issuer or the particular nature of a bond that sets it apart in its own category

We will be discussing the valuation of stocks and bonds in class. Figured you might like another view (instead of just the class discussion).

Interviewing for Finance and Accounting

Getting a job is too frequently overlooked at SBU. Maybe less so for accountants who seem to "get it" when it comes to job searches, but many other majors (and alas I must confess finance often falls into this category), seem to think the job will come to them.

I am not sure why that is (distance, the Bona Bubble, other?). It seems WAY too many put off search until spring or even AFTER graduation. Which is WAY too late. Start now.

"Interviewing for Accounting & Finance Majors - A Demonstration & Discussion

Wednesday, September 19
4 - 5:15 p.m.
Room 211/213 Reilly Center

All students are invited to attend this program which will simulate a typical interview experience. Find out what to expect in an interview by watching an employer/student role-play of the situation. Ask questions and get advice from alum (Andy Neyman, Ernst & Young) who's a professional in the field. Please sign up in advance with the Career Center, if you plan to attend this program.

Please contact the Career Center, room 216 RC, x2384, if you have any questions.

Rene e Caya-Bizzaro, Assistant Director, The Career Center"

20 Essentials for Achieving Financial Literacy - TheStreet.com University -

20 Essentials for Achieving Financial Literacy - TheStreet.com University:

"There is a tendency to select courses on the basis of the ease of the curriculum or grade-friendliness of the instructor. As a student, this type of strategy tends to benefit you in the short term, but later in life you will regret not having taken certain courses with more valuable, practical content."

His list includes Economics, math, and even finance!

Tues of week 3

Predominantly TVM

Thursday of week 3

Thursday of week 3--covered future values, problems with relying on historical returns, importance of expenses in Mutual funds.

Note this is out of order. Somehow forgot to upload Tues of week 3.

Thursday of the second week of class

The first part of this (75 minutes) is class, the last part is that I left the recorder on by mistake, but had not realized it until I uploaded it. Sorry...

Finance 401 Advance Corp Finance class 1

A look at the Financial System, Nexus of Contracts, and REMM model of Human Behavior

BonaSIMM

Just an FYI...if you want to follow the goings on in SIMM, here is your chance! a new Blog.

BonaSIMM: "Blog will be for Students in Money Management at St. Bonaventure University. We will use it to keep up to date on changes in our portfolio as well as to communicate with various stakeholders (donors, investors, as well as each other). The students in the class will be writing [much of] the material."

'Different World' Video - Bucky Covington - AOL Music

'Different World' Video - Bucky Covington - AOL Music: "'Different World' Video | Bucky Covington"

We will be talking about expected future returns and that has to bring up survivorship bias problems. Think about how this song is a great example of the survivorship bias. (Or if you have read Black Swan, you can also think of Casanova.)

Two emails from a past student

I won't say who (unless I get permission), but I got two emails from a former student today...

in first email:

"I wanted to drop you a note to say hello and share with you that your class has helped me tremendously at my job. I randomly have memories of your class lectures pop into my head....from Ratios to Backdating Stock Options (weird huh). Also, being able to speak in meetings and discuss the Nexus of Contracts to summarize the 'entire picture' has earned me brownie points.

Hope all is well."

I then thanked him/her and asked what exactly work involved etc. The reply contained the following:

"I work for [large investment bank who I will delete] doing Corp. Fin. Started in Jan. in Core Deposits Finance....but through successful networking got on their Finance Mergers & Acquisition team...so now I am working on the LaSalle Bank merger in Chicago.

It's a pretty sweet gig because they got me a corporate apartment in downtown Chicago, let me fly anywhere I want on the weekends (within reason..), and I still have my apt in Charlotte.

It's interesting how in school I heard people say "We don't need to know this stuff now, because we'll be trained on the job".... well that is completely false... You should share it with your kids.

The competition is so intense in the workplace (from my observation) that there really isn't formal on the job training. You're given some guidance, but it's up to you to understand how things work. That is why I find myself going back to your website and re-reading Nexus of contracts and other notes (NPV, Cap Budgeting etc)...starting at the very high level to see the entire picture...not just the task that is asked of me. Now I see more and more of how you emphasized it every single day...

Financial Rounds: Advice For New College Freshmen

Financial Rounds: Advice For New College Freshmen

Freshmen or grad student, much good advice from the Unknown Professor and Ben Stein.

Chapter 12 readings for 401

It was pointed out to me that I failed to mention what parts of chapter 12 you are to read. So for now, let's just read section 12.3. It is on some examples of agency cost problems.

Finance 401 Advance Corp Finance class 1

A look at the Financial System, Nexus of Contracts, and REMM model of Human Behavior

No Doubt "Spiderwebs" (1996) - AOL Video

Perfect for the Nexus of Contracts! :)

No Doubt "Spiderwebs" (1996) - AOL Video: "Spiderwebs'"

FT.com / Home UK / UK - Mental building blocks for the next century

We will be discussing this in class briefly. Outside my office door are 5 -6 pages from the book that you can borrow and read.

FT.com / Home UK / UK - Mental building blocks for the next century

"Gardner identifies these five different minds as: disciplined, synthesising, creating, respectful and ethical. The disciplined mind "has mastered at least one way of thinking", Gardner says. "Without at least one discipline . . . the individual is destined to march to someone else's tune."

The synthesising mind "takes information from disparate sources . . . and puts it together in ways that make sense to the synthesiser and also other persons . . . the capacity to synthesise becomes ever more crucial as information continues to mount at dizzying rates".

The creating mind "breaks new ground", the author says. "It puts forth new ideas, poses unfamiliar questions, conjures up fresh ways of thinking, arrives at unexpected answers." In so doing, the creating mind "seeks to remain at least one step ahead" of computers.

The respectful mind "notes and welcomes differences between human individuals and between human groups . . . In a world where we are all interlinked, in-tolerance or disrespect is no longer a viable option."

Last, the ethical mind "conceptualises how workers can serve purposes beyond self-interest". The ethical mind then "acts on the basis of these analyses"."

Gardner has an interesting page with some video and audio of his talks as well as NPR audio.

How is this finance?

About.com: http://streamos.wmg.com/qtime/curb/timmcgraw/tm_lastdollar_vid.mov

Find Your Fit in Nonprofit Finance from Monster Career Advice

Find Your Fit in Nonprofit Finance from Monster Career Advice: "

What the not-for-profits do is very interesting, and it's also a very secure industry, which is why people are focusing on them these days,' says Suzanne Lieb, a recruiter with Howard Michaels Associates in New York City, who places finance professionals at nonprofits."

Cities for jobs

From Forbes

"New York City tops our list as the No. 1 city for young professionals.

That likely comes as a shock to, well, no one. Many of America's best companies, as determined by Forbes rankings of the best 400 big businesses and best 200 small businesses, including financial giant Goldman Sachs and media conglomerate News Corp. are in New York. Throw in New York's bars, clubs and world-class dining, and you get a city teaming with young professionals.

San Francisco clocked in at No. 2 and Atlanta at No. 3. Los Angeles, Washington, D.C., Boston and Seattle filled spots four through seven, and Minneapolis, Philadelphia and Denver closed out the top 10."

Surprisingly Olean was not in the top 10. Probably 11th!