Sat.May 25, 2019

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Bespoke and Precedent Driven – Understanding the Two Different Approaches to Consulting

Tom Spencer

During the recruitment process for consulting internships and full-time positions, I went to countless presentations given by consulting firm representatives who explained the consulting industry and made sales pitches about their firms. They brought up important points, such as diversity of work opportunity, mentorship structure, and even frank conversations about work life balance.

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On finishing well

Seth Godin Blog

If you start a book, you will do better if you have a plan for finishing your book. If you take the time and spend the money to go to college, it’s worth considering graduating as well. Aretha Franklin died without a clearly stated will. As a result, her heirs will waste time, money and frustration, because Franklin was both naive (a will doesn’t make it more likely that you will die) and selfish.

Company 36
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Asset Management – Valuation (Part 2 of 4)

Tom Spencer

Characteristics of Asset Management Firms. Most major asset managers are conservative with their use of leverage. There are a couple of reasons for this: Asset managers can see cash flow and earnings fluctuate wildly with markets. For instance, with an AUM of $100 billion and average fees of 1%, the asset manager has $1 billion in fee revenue. If there is a financial crisis, the stock market falls by half and the asset manager’s performance is in line with the stock market, they now make $500 mi