Author Topic: TSO's Request Corner (Read 26786 times)

finance123 · « **Reply #210 on:** Jul 26, 2012, 09:00 PM »

TSO have you worked as finance researcher for local brokerage firm? How much ang compensation?? Any idea?

TSO · « **Reply #211 on:** Jul 27, 2012, 01:28 AM »

No never did. I probably would be working under them if I had stayed in the Philippines after graduating from Ateneo.

what I do know is that in the States, your starting compensation's around $20 per hour. The seniors make at least twice that.

I know someone working for COL. I'll ask him how much the junior and senior analysts make.

ferrariEverest · « **Reply #212 on:** Jul 27, 2012, 01:44 AM »

^ wow, ang taas. $20!

finance123 · « **Reply #213 on:** Jul 27, 2012, 02:16 AM »

Thanks. Mahirap ba maka pasak sa ganyang field if you are not a graduate of top university sa Pinas?

glady · « **Reply #214 on:** Jul 27, 2012, 04:26 AM »

Hi TSO, what do you think of Rockwell po?

TSO · « **Reply #215 on:** Jul 27, 2012, 05:04 AM »

Quote from: finance123 on Jul 27, 2012, 02:16 AM

Thanks. Mahirap ba maka pasak sa ganyang field if you are not a graduate of top university sa Pinas?

I can't fully answer that question. However, since I'm technically in the same position here in the States, let me just say that it took two years in a recessionary environment for me to a find an underpaid analyst job at a small investment firm.

You're likely to have the same results in the sample case, but since the Philippines isn't reeling from an econ crisis of some sort, then it should be quicker than one year. Or at least I hope.

Quote

Hi TSO, what do you think of Rockwell po?

Basic stats?

I haven't touched the Philippine market in a while. All the action's here in the US so my eyes are focused there... sorry.

glady · « **Reply #216 on:** Jul 28, 2012, 04:39 AM »

hi TSO, no problem po, how about Goldman Sachs?

TSO · « **Reply #217 on:** Jul 28, 2012, 05:39 AM »

I avoid banks, so no opinions on them as an industry. As far as I'm concerned, Goldman Sachs will shoot itself in the foot when the next crisis happens.

Plus, I'm a bottom-up investor. You can tell what companies I am or have analyzed by looking at the first page.

bauer · « **Reply #218 on:** Jul 30, 2012, 09:00 PM »

Quote from: TSO on Jul 28, 2012, 05:39 AM

As far as I'm concerned, Goldman Sachs will shoot itself in the foot when the next crisis happens.

So i have shoot my own foot on GS tsk tsk tsk...

TSO · « **Reply #219 on:** Jul 30, 2012, 09:56 PM »

^ well, I don't know. Investment banks thrive on callous operations, manipulation of clients, and deceit. It may get them money, but it comes at the expense of everyone around them.

I've always held disdain for IB's, and if I ever owned a hedge fund, anyone who applies coming from merrill lynch, gs, or whatever is someone I'll auto-reject unless I can gleam something un-IB in the resume.

alacrity · « **Reply #220 on:** Jul 30, 2012, 11:03 PM »

Quote from: TSO on Jul 30, 2012, 09:56 PM

I've always held disdain for IB's, and if I ever owned a hedge fund, anyone who applies coming from merrill lynch, gs, or whatever is someone I'll auto-reject unless I can gleam something un-IB in the resume.

How about local IB's? Are they all the same?

TSO · « **Reply #221 on:** Jul 31, 2012, 12:53 AM »

Never heard of any scandals in the Philippines corresponding to local investment banks.

I wouldn't know.

HOWEVER, do keep in mind that investment banks by their nature have a conflict of interest between their clients and the ultimate recipients of those who purchase their underwritten securities.

That Merrill Lynch and Goldman Sachs have failed to uphold their loyalty to the true clients (the retail investors) goes to show even the existence of so-called firewalls and the presence of chartered professionals cannot fully halt unethical activities.

GIG · « **Reply #222 on:** Aug 01, 2012, 07:24 AM »

TSO . . . still an idealist huh . . . that's good to know.

TSO · « **Reply #223 on:** Aug 01, 2012, 02:03 PM »

Quote from: GIG on Aug 01, 2012, 07:24 AM

TSO . . . still an idealist huh . . . that's good to know.

Not really.

Being a value investor has made me very cynical towards people in general. You profit from the emotional or irrational shortcomings of other people, and you discriminate prospects using a mosaic of information that requires intuition to process, rather than pure quantitative screening as some investors are wont to do. You exploit human nature.

The VI philosophy thrives on market inefficiency and market euphoria/panic, and you practically depend on the single defining facet of humanity: that we learn absolutely NOTHING as a species in the long run. That no matter how technology changes the quality of life, it does nothing to improve our impulsive dispositions and other behavioral quirks.

I'm an idealist only insofar as business ethics are concerned.

alacrity · « **Reply #224 on:** Aug 01, 2012, 05:37 PM »

Quote from: TSO on Aug 01, 2012, 02:03 PM

Not really.

Being a value investor has made me very cynical towards people in general. You profit from the emotional or irrational shortcomings of other people, and you discriminate prospects using a mosaic of information that requires intuition to process, rather than pure quantitative screening as some investors are wont to do. You exploit human nature.

The VI philosophy thrives on market inefficiency and market euphoria/panic, and you practically depend on the single defining facet of humanity: that we learn absolutely NOTHING as a species in the long run. That no matter how technology changes the quality of life, it does nothing to improve our impulsive dispositions and other behavioral quirks.

I'm an idealist only insofar as business ethics are concerned.

Do you get the feeling that the VI philosophy has somehow been extended into your personal life?

I read Roger Lowensteins' biography of Buffet and the way he portrays him is that of a man who had to sacrifice ties (the memory his kids have of him is someone who worked at the second floor of their house, only coming down when he needed to eat) ,

relationships (his first wife left him)

even emotions (when his car got smashed he said nothing to his son) for his life's work.