f********t
发帖数: 6999 | 1 【 以下文字转载自 SanFrancisco 讨论区 】
发信人: fuckthrust (...), 信区: SanFrancisco
标 题: VentureBeat 称airbnb价值要腰斩！ (转载)
发信站: BBS 未名空间站 (Fri Dec 16 15:26:39 2016, 美东)
发信人: wwzz (一辈子当码工), 信区: JobHunting
标 题: 又一个看衰气床的
发信站: BBS 未名空间站 (Fri Dec 16 14:50:20 2016, 美东)
1. Why we cut Airbnb’s valuation in half
Too many bad reviews, dropping out of first place on the “best places to
work at” list on Glassdoor, and regulatory fist fights have finally seemed
to create a noticeable impact. Google searches for Airbnb, an e... 阅读全帖 |
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发帖数: 1 | 2 傻逼
你丫谈谈valuation, momentum, credit risk
你傻逼懂你妈了逼呀
: 笑喷了，真他妈是学生逼，还谈valuation呢
: 这得多嫩的逼？
: [在 jeffff (bound) 的大作中提到：]
: :笑死了
: :让这比先谈谈怎么资产定价
: : |
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发帖数: 1 | 3 幼稚的傻逼，拿点投资学教科书点傻逼概念装起逼了，日，很多年没见过这么幼稚的
[在 jeffff (bound) 的大作中提到：]
:傻逼
:你丫谈谈valuation, momentum, credit risk
:你傻逼懂你妈了逼呀
:
: 笑喷了，真他妈是学生逼，还谈valuation呢
:
: 这得多嫩的逼？
:
: [在 jeffff (bound) 的大作中提到：]
:
: :笑死了
:
: :让这比先谈谈怎么资产定价
:
: : |
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发帖数: 1 | 4 傻逼玩意
在美国，金融是严肃的学问
Momentum, valuation是很多大基金投资的全部策略
你妈逼你啥都不懂得一傻逼也叫"做金融"?
别你妈逼搞笑了
: 幼稚的傻逼，拿点投资学教科书装起逼了，日，很多年没见过这么幼稚的
: [在 jeffff (bound) 的大作中提到：]
: :傻逼
: :你丫谈谈valuation, momentum, credit risk
: :你傻逼懂你妈了逼呀
: : |
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发帖数: 1 | 5 傻逼
老子就在美国的机构
写的报告不计其数
你他妈的撞枪口了
老子不但会喝酒，老子理论功底好无比扎实
[在 jeffff (bound) 的大作中提到：]
:傻逼玩意
:在美国，金融是严肃的学问
:Momentum, valuation是很多大基金投资的全部策略
:你妈逼你啥都不懂得一傻逼也叫"做金融"?
:别你妈逼搞笑了
:<br>: 幼稚的傻逼，拿点投资学教科书装起逼了，日，很多年没见过这么幼
稚的
:<br>: [在 jeffff (bound) 的大作中提到：]
:<br>: :傻逼
:<br>: :你丫谈谈valuation, momentum, credit risk
:<br>: :你傻逼懂你妈了逼呀
:.......... |
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c****e
发帖数: 9482 | 7 http://www.valuewalk.com/2012/05/investors-sue-facebook-inc-fb-
Investors Sue Facebook (FB) and Underwriters
A lawsuit has been filed by three Facebook Inc (NASDAQ:FB) investors who say
that analysts at the underwriters’ banks did not properly disclose any
changes to forecasts and expectations of Facebook.
The lawsuit came after news broke that analysts, particularly at Morgan
Stanley (NYSE:MS) and Goldman Sachs Group, Inc. (NYSE:GS), had their
forecasts cut on Facebook during the company’s road... 阅读全帖 |
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m*****h
发帖数: 61 | 8
Trump has a privately owned company whose valuation might be underestimated.
Stock-based valuation might be inflated if the stock is in bull market.
Based on his recent financial filing before running for residents, he has at
least 10B. Anyway, even if there are richer guys, they might not want to
devote their time to American people. |
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l*****o
发帖数: 19235 | 9 It's that time of year again, Mr. President.
Time to celebrate the lingering Yuletide spirit and the bright promise of
the year to come. Time to savor the companionship of friends and family.
Time to donate your underpants to a charitable organization so you can later
claim a deduction on your 1993 tax return.
If the recent past is any guide, Bill Clinton and his wife, First Lady
Hillary Rodham Clinton, have been spending the past few months gathering up
unwanted belongings -- from old shoes to ... 阅读全帖 |
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k*********l
发帖数: 1218 | 10 车祸，对方全责，我的车全报废，对方的insurance公司陪款额和我自己查的kkb的
retail price差了2000，insurance公司坚持他们的valuation，他们自己有个
valuation公司，然后找了2个comparable car的value，我现在准备上small count
请问这个赢的几率大吗? 我是sue insurance公司，还是sue对方的driver？
多谢 |
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b**********s
发帖数: 9531 | 11 你卖给旧车那个牌子的dealership，那也算一种tradein啊。我也给他们打电话，他们
嘴上说会比auction valuation高，但后来就没下文了，另一家旧车同一牌子的dealer
说他们也按auction valuation。
谢谢你的信息，关于carmax的，节约我的时间。 |
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u***n
发帖数: 21026 | 12 操，这个区还真TMD的大
http://www.soundtransit.org/sites/default/files/documents/pdf/about/stdistrictmap07_10.pdf
搬到bothell 和 woodinville右边去，TMD，我一分钱都不会给你的，傻逼州政府
Sales & Use 1.4% ($0.14 on a $10 taxable purchase)
MVET (Motor Vehicle Excise Tax) 1.1% ($110 annually for each $10,000 of
vehicle valuation)
Property Tax $0.25 annually per $1,000 of assessed valuation ($100 annually
on a $400,000 house)
Rental car sales tax 0.8 percent ($0.80 on a $100 car rental) |
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q*******0
发帖数: 184 | 13
absolute valuation: learn from Warren Buffett
relative valuation: learn from Peter Lynch
H-share is a betetr place to apply these methods indeed.
If you find them difficult to learn, I have a strategy: in a bull market
like now, buy the stocks you prefer (which have to be absoltuely good
companies) everytime the market has a 10% level correction ( last November
of A-share. I got SanYi this way at 20Yuan last November, China Oil field
services at 10hkd, CNOOC at 12hkd last year, PetroChin... 阅读全帖 |
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D****6
发帖数: 278 | 14 Core Java. 具体官方要求如下. 其实刚毕业的也行. 没有金融背景也行. 英语不能太
差. 前段面了个口音重的没要. 最好有身份能马上(一两周)开始的. OPT也行, sponsor
H1B, 但是transfer h1b等太久经理不太愿意. 站内发简历, 我大概会挑一下然后
forward给经理.
大家互相帮助. 有问题我会尽量回答.
RESPONSIBILITIES
Key responsibilities will include the following:
General
* Enhance and support our valuation service and risk system for over-the-
counter products, making it available to multiple applications within the
firm (CDS, Interest Rate Swaps, FX Forwards, FX Options, Volatility Swaps
etc.)
* Manage and support ven... 阅读全帖 |
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p********2
发帖数: 9939 | 15 I am a PHD student and have been teaching for 3 semesters. I did poorly for
the first time and got very bad valuations from students. I improved the
valuations significantly at the second time, but still below the average. (
below school average but above course average, as most instructors for this
course are PHD students ) This is the third time, and surprisingly,I got
several thank you letters! It feels so good that my efforts are recognized
by the students. |
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S**C
发帖数: 2964 | 16 Jeremy Grantham also noted the EM valuation is higher than the DM. His
opinion seems to be that high valuation, justified or not, will remain for
some extended period of time. |
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S**C
发帖数: 2964 | 17 The patient is recovering and he is supported by a lot of expensive medicine. When the drugs taper off, we will know if the patient can run by himself or will be back to the emergency room.
And no I do not think you should use the low interest rate effect to justify the valuation; rather it makes the situation even more dangerous...The interest rate will revert to the mean...
One thing that could justify a little the current valuation is the cash pile that S&P 500 companies hold are all time hig... 阅读全帖 |
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w**********2
发帖数: 764 | 18 【 以下文字转载自 Stock 讨论区 】
发信人: whiteclouds2 (// 参考消息 //), 信区: Stock
标 题: 黄金高涨是 Baby Boomers 发情在找第二春
发信站: BBS 未名空间站 (Sun Aug 28 02:32:31 2011, 美东)
CNBC 真是太有才了。
金价银价近期看来要大涨了！
Marriage, Baby Boomers and the Case for Gold
Published: Saturday, 27 Aug 2011 | 10:46 AM ET
By: Patrick Allen
CNBC EMEA Head of News
With the Baby Boomer generation getting older and the market increasingly
volatile, there has been a lot of debate about how the aging population can
find an investment that will help pay for their... 阅读全帖 |
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a***r
发帖数: 146 | 19 2012 markets: Expect ups and downs
BY Jurrien Timmer, Co-Manager of Fidelity® Global Strategies Fund,
Fidelity Viewpoints — 12/21/11
Consider U.S. stocks, high-yield corporate, and floating-rate high-income
bonds.
It’s been quite a year, one of violent mood swings but little overall
direction. We seem to be in a time warp where everything happens faster and
faster. Everything seems to be correlated. There are very few places to hide
, and even those places don’t feel like good options anymor... 阅读全帖 |
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S**C
发帖数: 2964 | 20 Shiller's PE/10, GMO's 10-year forecast (now it becomes 7-year forecast) and
I am sure there are many others. Their track records are pretty good,
assets valuation does revert to the mean over business/ market cycles. So
valuation, for an asset class rather than individual issues, can be quite
reliably measured IMO. It does not mean one need to go all or nothing,
investment is simple but definitely not easy, especially when you watch the
P/E went from, say, 25 to 35. But if you can hold onto you... 阅读全帖 |
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s***s
发帖数: 4329 | 21 http://uk.reuters.com/article/2012/04/24/uk-markets-spain-stock
Analysis - Spain's stock valuation reflects slashed forecasts
By Blaise Robinson
PARIS | Tue Apr 24, 2012 3:38pm BST
PARIS (Reuters) - Spanish stock valuations have remained steady despite a 20
percent plunge in Madrid's IBEX over the past month, a sign that more and
more analysts are slashing their earnings forecasts,
It is a possible harbinger of more market weakness to come.
FREE GUIDES AND REPORTS FROM DIANOMIADVERTISEMENTInvest... 阅读全帖 |
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p****e
发帖数: 1028 | 22 i think several others have addressed this topic well, but it can be
summarized briefly as below:
1. some stable economic growth period; with hindsight, people are thinking
we are entering another growth highway
2. asset pricing bubble starts to emerge; wealth effect leads to more
consumption and hence even higher asset valuation
3. speculators start to leverage up
4. ordinary folks start to pile up
5. prices start going parabolic
6. asset valuation goes too high such that at least one of the be... 阅读全帖 |
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M********r
发帖数: 278 | 23 Key to index investing is not index per se. Index investors normally have a
diversified and balnced portfolio with a basket of indexes that cover
equities and bonds, domestic and foreign. some may even include real estate
and commodities. Risk adjusted returned is then determined by the
composition of the portfolio. Yes, at times some index in the portfolio may
be overvalued, but the risk associated with these overvalued assets are
mitigated by other non-correlated assets. As a passive investor,... 阅读全帖 |
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S**C
发帖数: 2964 | 24 From someone I follow and respect. I could not say it any better.
"Valuations are at a level where reversion to mean would cause about a 40%
decline in the S&P 500.
I think the situation today is more akin to 2000 (but it could be 1998; don'
t know how much further the run up will go) than 2008. That is, equities
are already at unsustainably high valuations, but the underlying economic
fundamentals aren't too bad.
2008 was a situation where we could have ended up in a catastrophic
depression ... 阅读全帖 |
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S**C
发帖数: 2964 | 25 For new investors, better to stick to a simple diversified portfolio, thus
FUSVX or FSTVX is all you need for US equity. Since small caps valuation is
high, actually large caps valuation is high too, but better, so I will use
FUSVX. Size factor (small beat large) over the last two decades has zero
alpha, when we have better data, strengthen the theme that we do not need to
have small cap in our portfolio unless they much are cheaper than large
caps such as in late 90s.
You should get some intern... 阅读全帖 |
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s********e
发帖数: 23 | 26 If I were you, I would probably go to FB. Very simple: it has much bigger
potential, money wise. Right now, FB are valued at $50 per share, implying a
$23 Billion valuation for the company. I am not sure if it can go much
higher in the next few years; but even if it exited at the current valuation
level, half a million for 4 years is very good to have for a fresh graduate.
Of course, if you don't believe in FB, Google is a very good choice. |
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n**********y
发帖数: 26 | 27 【 以下文字转载自 Working 讨论区 】
发信人: nothingtosay (whoknows), 信区: Working
标 题: BOA Quantitative Developer Position in Los Angeles
发信站: BBS 未名空间站 (Fri Nov 5 18:52:17 2010, 美东)
Please send your resume to carl.wu at bankofamerica.com if interested.
Please note this is a development position on trading floor and strong
programing background is required. We do consider sponsorship for
outstanding candidates.
Company
Bank of America, Home Loan & Insurance Division
Calabasas, California
Job Description
Perfo... 阅读全帖 |
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c********i
发帖数: 20 | 28 多个opening在DC area, 有兴趣的话站内回信。
---Manager Level
We are seeking highly-skilled and motivated, professional economists who can
effectively assess the strengths and weaknesses of complex, statistically-
based models used by our top-tier financial services clients for credit risk
management, asset valuations, and the generation of key financial estimates
used to support financial reporting. In addition, candidates will be
responsible for evaluating the effectiveness of clients’ overall model risk
ma... 阅读全帖 |
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D****6
发帖数: 278 | 29 Core Java. 具体官方要求如下. 其实刚毕业的也行. 没有金融背景也行. 英语不能太
差. 前段面了个口音重的没要. 最好有身份能马上(一两周)开始的. OPT也行, sponsor
H1B, 但是transfer h1b等太久经理不太愿意. 站内发简历, 我大概会挑一下然后
forward给经理.
大家互相帮助. 有问题我会尽量回答.
RESPONSIBILITIES
Key responsibilities will include the following:
General
* Enhance and support our valuation service and risk system for over-the-
counter products, making it available to multiple applications within the
firm (CDS, Interest Rate Swaps, FX Forwards, FX Options, Volatility Swaps
etc.)
* Manage and support ven... 阅读全帖 |
|
u*l
发帖数: 1943 | 30 先摘几段，让你们眼花一下：
- Base Salary. Your starting annual base salary will be $50,000 per month ($
600,000 annually)
- Restricted Stock Units. Management will recommend that the Compensation
Committee grant you an award of Restricted Stock Units (“RSUs”) with a
target valuation of $6,000,000.
- Performance Stock Options. Management will recommend that the Compensation
Committee grant you an award of performance-based options to purchase the
Company’s common stock with a target valuation of $6,000,000 (“... 阅读全帖 |
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z****s
发帖数: 409 | 31 - Base Salary. Your starting annual base salary will be $500,000 per month ($
6,000,000 annually)
- Restricted Stock Units. Management will recommend that the Compensation
Committee grant you an award of Restricted Stock Units (“RSUs”) with a
target valuation of $60,000,000.
- Performance Stock Options. Management will recommend that the Compensation
Committee grant you an award of performance-based options to purchase the
Company’s common stock with a target valuation of $60,000,000 (“Stock
Opt... 阅读全帖 |
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D****3
发帖数: 611 | 32
10w股毛用啊。整个公司一共发行10w/0.33% = 3030w 股
看多少股没用，得看占了多少比例的股份(0.33%), 和当前公司的valuation。
你们公司招你的时候告诉过你现在公司的valuation多少没？或者A轮融资了多少，占总
股份的百分之多少？ |
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D****3
发帖数: 611 | 33
10w股 4年vest，每年2.5w股。
假设公司的valuation和你占的股份比例都不变（注意是假设），那么5000 (你每年少
拿的钱)/2.5w = 0.2
0.2 * 3030w = 606w
A轮融完应该公司的valuation应该有这个价吧？
----
楼上的哥们们说的对，就少拿5000，大不了股票全不值钱了，也才一年亏5000，无所谓
的。 |
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j*****1
发帖数: 66 | 34 contractor 职位，但可以办H1B transfer（不能申请新的H1B），如果合适会长期雇用
。公司是个Fixed Income Asset Management Firm.
发简历到 [email protected]
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/* ]]> */
，，请列上现在的工资，谢谢！
SAS Quant Develop... 阅读全帖 |
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y****u
发帖数: 6 | 35 最近拿了两个offer， 犹豫不决。。。想听听大家意.
背景: 统计MS，名校， F 工作 4-5年，有绿卡，有娃一个，老婆不工作。
Offer 1 - Pre-ipo (one of D,A,U,P,S ): 135K +30K sign on + 0.005% stock （~
$450K / 4 years based on current valuation)
Offer 2 - small start-up backed up by great VC, series C: 150K +15k sign on
+ 0.05% stock （$150K based on current valuation)
感觉1公司已经太大，进去了也不是完全没有风险；2 自己比较感兴趣，感觉机会和团
队都不错，想试一试。
谢谢。 |
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h****u
发帖数: 70 | 36 01年泡沫破裂前，投资者的逻辑也就是用户数量最重要，许多公司完全没有盈利的记录
，仅仅因为点击数高就被炒到天价。但是01年的经验证明，用户数量跟盈利丝毫没有关
系。当年叱咤风云的许多。com比如pets。com，webvan。com，当年就是因为用户数高
，被炒到了10billion的高价，但是因为没有实质的盈利能力，泡沫破裂，风投一撤资
，立刻就灰飞烟灭了。snapchat的用户数量确实给了snapchat更大的机会来通过广告，
赚取比较高的利润，但是这一切至今没有发生。snapchat到现在连revenue都没有。而
且要match现在的valuation，snapchat必须要成为和fb， linkedin一个级别的公司，
才能有足够的proft margin，which seems impossible.（http://www.businessinsider.com/how-snapchat-will-make-money-2013-11）这篇文章写在snapchat估价只有3billion的时候，“for Snapchat's $3 billion valuation to ... 阅读全帖 |
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a*********a
发帖数: 3656 | 37 let s make an attemp to quantify.
1. go to a start up, 5 year horizon. roughly say you have 90% prob to make
only the salary (say 100k) then loose your job and this could happen anytime
during that 5 years, so add another 10% discount to that. maybe 9% prob to
make 1M, 0.9% prob to make 10M, 0.1% prob to make 100M. but those high
payouts are likely to be in restricted company shares so I d put a 10%
discount on them.
so we have 0.9*100k*0.9*5+0.09*1000k*0.9+0.009*10000k*0.9+0.001*100000k*0.9
=40... 阅读全帖 |
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a*********a
发帖数: 3656 | 38 let s make an attemp to quantify.
1. go to a start up, 5 year horizon. roughly say you have 90% prob to make
only the salary (say 100k) then loose your job and this could happen anytime
during that 5 years, so add another 10% discount to that. maybe 9% prob to
make 1M, 0.9% prob to make 10M, 0.1% prob to make 100M. but those high
payouts are likely to be in restricted company shares so I d put a 10%
discount on them.
so we have 0.9*100k*0.9*5+0.09*1000k*0.9+0.009*10000k*0.9+0.001*100000k*0.9
=40... 阅读全帖 |
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w**z
发帖数: 8232 | 39 Uber, the ride-hailing service, likes to trumpet its popularity with
consumers. Their fervor is surpassed, perhaps, only by investors’.
Facing overwhelming demand from institutional investors, Uber has expanded
its Series E round of venture financing by $1 billion, according to
documents filed Wednesday with the Delaware secretary of state, bringing the
total capacity for the round up to $2.8 billion.
The move, which was confirmed by Uber, occurred just weeks after the company
closed a $1.2 bill... 阅读全帖 |
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c******n
发帖数: 4965 | 40 是啊， 现在看U 那么火爆， 似乎是应该拼命进去， 确实有些道理， 46billion 的
valuation, 投行肯定不会让自己的钱打水漂的， 但是IPO骗钱后人家说不定就能跑掉
了， 苦命的龟工们等4年vest 搞不好就跟zynga 一样了。
zynga valuation 当初多少？ |
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r***s
发帖数: 737 | 41 http://www.bloomberg.com/news/articles/2015-03-17/the-fuzzy-ins
Here's the secret to how Silicon Valley calculates the value of its hottest
companies: The numbers are sort of made-up. For the most mature startups,
investors agree to grant higher valuations, which help the companies with
recruitment and building credibility, in exchange for guarantees that they'
ll get their money back first if the company goes public or sells.
One stipulation, called senior liquidation preference, ensures that a... 阅读全帖 |
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v**********e
发帖数: 138 | 42 现在的valuation是知道的。我是说A轮之后不知道。当然根据B轮的融资和现在的
valuation，大概估计知道B轮稀释了多少。 |
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b***e
发帖数: 1419 | 43 That's not the question, the question's whether this shit is backing up the
50B valuation. See, if U is claiming 5B valuation, nobody would concern no
shit. |
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n*w
发帖数: 3393 | 44 http://www.forbes.com/sites/ryanmac/2015/11/24/jet-com-ceo-new-
这一段里的"clean,"是什么意思？
"That’s a big “if,” but by keeping his fundraising round “clean,” Lore
has ensured that his investors will rise –or fall–with him. Investors in
Jet’s latest Series B round will receive their money back first in the case
of a liquidation event through their preferred shares, but they will not be
protected from dilution if the company goes public at a lower valuation."
下面这一句是什么意思？
Fidelity’s investment also comes ... 阅读全帖 |
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f******o
发帖数: 1505 | 45 现在VC 都开始紧缩银根了，再不上市就骑虎难下了，Uber 反正也不太可能被买，但是对
很多其他独角兽来说，这么高的 valuation 都很难找人接盘。不过他们至少还有选择
。对于 Uber 这种铁定要上市的，更是骑虎难下，valuation 这么高到最后唯一能获利
的就是 institution。 |
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d**********e
发帖数: 122 | 46 phd(none CS)+6years
10k signon + 120k base + 645k stock
but snapchat is still using 15b as its valuation against market's value of
12b
http://mashable.com/2015/11/10/snapchat-tech-valuations/#SAdSiq
vesting 是10,20,30,40%, 还有一个什么liquidity event
(2) the occurrence of a Liquidity Event (as defined below) within the time
frame set by the Board at the time of grant, which, as of the date of this
letter, is six-and-one-half years after the grant date.
In the event your employment with the Company term... 阅读全帖 |
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s******s
发帖数: 89 | 47 去过 Uber Onsite，
奇怪的是，当和hiring manager 聊到 Uber 的valuation 时，
他笑着说，you can take the 62.5B valuation with a grain of salt.
还说，很重要的是，业务能否还有增加，亚洲/中国 这块肥肉 能否瓜分到。
感觉上他有点怀疑。who knows |
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a*****n
发帖数: 23 | 48 只看数字u可以和f当年媲美，但是时间不一样了。F那会儿是什么时候，08经济危机还
没恢复，而且VC哪里有现在这么多。public和private公司valuation虽然不同，但是面
临的市场是一样的，其之间有correlation。在startup呆过的人们，大概都知道
valuation是怎么回事儿，这种不透明的pricing其实根本无法比较。 |
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p*f
发帖数: 44 | 49 只是告诉大家不要把uber和unicorn的equity或者rsu太当回事，基本上和FLG这些上市
公司的股票是不能比的。
毕竟private valuation是投资人在幕后和公司达成的带有各种优先权的股价估值，这
个和和public valuation公开交易的价值还是差太远的。
common stock没有流动性，资产结构不透明，随时准备被投资人、execs和IRS玩儿。
当然，uber发现大家意识到自家RSU没那么值钱之后自然会增加筹码招人，所以永远不
要说太晚，万一uber招不到人幡然悔悟给你开个大包裹呢？ |
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c*********l
发帖数: 926 | 50 说穿了就是用来骗散户的.
Here's the secret to how Silicon Valley calculates the value of its hottest
companies: The numbers are sort of made-up. For the most mature startups,
investors agree to grant higher valuations, which help the companies with
recruitment and building credibility, in exchange for guarantees that they'
ll get their money back first if the company goes public or sells. They can
also negotiate to receive additional free shares if a subsequent round's
valuation is less favorable. Interview... 阅读全帖 |
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