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Citati iz knjige „The Game“ autora Alex Buchanan

Stockbrokers (or ‘equity salesmen’ or ‘brokers’) sell investment advice to professional investors (‘fund managers’ or ‘clients’) in return for commission.
Don’t pick up the phone. You’ve got nothing useful to say. Do something else
What might appear to be a remote but corrupt oasis of privilege is in fact a giant oak tree that towers over the global economy, affecting each and every one of us.
Analysts don’t always believe what they write (and vice versa).
More often than not British Telecom didn’t get a bid approach on Monday. You were just passing on the same worthless rumour someone had told you in an attempt to appear well informed. Whatever the reality a client would often thank you for it – some people love a bit of intrigue.
In his capacity as Bursar for King’s College, Cambridge, Keynes wrote in 1938 that ‘a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware’.
c) Call or email the client and tell him something relevant (ie about a stock/issue he has been following
Bluffing requires the least effort and is hence the most common response. The world of finance is built on bluff and counter-bluff.
there’s no better proof of credit worthiness than a Bloomberg account
Most stockbrokers arrive at the office anywhere between 6am and 7.30am GMT. This is an uncivilised hour at the best of times, but one that is particularly grim on a bleak morning in February. Those who live far from the office can expect to hear the alarm go off as early as 4am.
Now that’s not funny, is it?
Sadly you don’t have much of a choice. European stock markets open at 8am and brokers, traders, analysts and fund managers must all arrive early enough to prepare for the day ahead.
Exactly what time you arrive will depend on your own ambitions or on the guidelines set by your firm, but it invariably follows that the more ambitious you are or the more aggressive your firm is then the earlier you will arrive. How you get to work is up to you – some take the underground or bus, others drive scooters and a handful take taxis (but these tend to be either the crème de la crème or the habitually late). Some use the journey to read the Financial Times or Wall Street Journal or will catch up on sleep. You’ll soon get used to the early mornings – everyone has to – but most nights you’ll be tucked up in bed long before others in less exacting jobs have even considered leaving the pub.

Ready berds)

‘I’m now convinced that the worst thing a man can do with a telephone, without breaking the law, is to call someone he doesn’t know and try to sell that person something he doesn’t want.’
— MICHAEL LEWIS, Liar’s Poker
Investment banks might trade everything and anything, from government debt to coconut oil, but to make things simple we’ll concentrate on the instrument with which people are most familiar – namely stocks (or ‘cash equities’) – and bring in the other asset classes where relevant. Ultimately the selling, trading, analytical, investment and advisory processes are more or less the same whether you trade stocks, bonds, currencies, derivatives, heating oil or orange juice.
For all the talk of credit crunch and the extra regulation, fewer jobs and lower pay that will follow, the world of finance will one day emerge from the gloom.
Certain firms are known for being strong in certain sectors, either because they have a well-regarded analyst or because they have valuable corporate relationships in that area.
THINK THE WORLD OF FINANCE has nothing to do with you? Think again.
thing’s eerily reminiscent of an adolescent love affair.
In his capacity as Bursar for King’s College, Cambridge, Keynes wrote in 1938 that ‘a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware’.

keynse

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