this is important
Separately, the bank also needs to hire a bunch of interns for this summer’s “Emerging Talent Program.” Enter: two birds, one stone:
Discolored tap water afflicted Goldman’s Lower Manhattan headquarters in July. The annoyance, familiar to anyone who has spent time in New York City, caused some hand-wringing (if not hand-washing) among the firm’s employees, for whom 200 West Street is usually a sanctuary of comfort. Water used for coffee and ice took on a yellowish color, […]
June 22, 2012: To ensure that I can focus intensely on in-depth company and industry analysis, I will adopt a much lower public profile and let my investment returns speak for themselves. Specifically, I will dramatically reduce my television appearances, interviews with the media, blogging/writing, and public speaking, both in the investment and philanthropic realms. I also plan to write letters to you quarterly rather than monthly (our bookkeeper will, course, continue to send you monthly statements).
July 23, 2012:
From: Whitney Tilson
Date: Mon, Jul 23, 2012 at 5:43 PM
Subject: My favorite gadgets: laptop, phone, cameras, printers
I’m a total gadget fiend, usually upgrading my laptop, phone, pocket camera, and digital SLR camera to the latest models at least once a year. In the past month, I’ve upgraded all four to newly released models and am so blown away that I wanted to share my experience (plus two printer recommendations).
In order of amazingness:
1) My new laptop: the PC world FINALLY has slim, light, high-res-screen, quick-boot laptops (called ultrabooks) to rival the Macbook Air. I just bought the best of the lot, the ASUS Zenbook Prime UX31A. It’s light as a feather, boots in a few seconds, and has an AMAZINGLY high-res 13.3” screen (I don’t miss the 17” screen on my old laptop one bit). Here’s a good review of it: www.pcworld.com/article/255921/handson_asus_zenbook_prime_ux31a.html
It’s only $1,080 on Amazon (more if you want a faster chip or 256GB of flash memory; I find 128GB is fine for a secondary travel computer): www.amazon.com/exec/obidos/ASIN/B00863L2PK/tilsoncapitalpar
2) My new smartphone, the Samsung Galaxy S III, which just became available on Verizon. A couple of years ago, I added an iPhone to my Blackberry because I couldn’t give up the keyboard and found it impossible to type on the iPhone, but I didn’t like schlepping around two devices so when Verizon came out with Android phones with 30% bigger screens (plus 4G, which is MUCH faster), I junked both the Blackberry (good riddance! I had to use one in Europe last week and HATED every minute of it; until you switch, you have no idea of how awful Blackberries are) and the iPhone for the HTC Thunderbolt. No regrets, but the Thunderbolt is thick and bulky, the screen is nowhere near as good as the new iPhones, and the battery lasted maybe 1/3 of a day, so I always had to carry a spare.
Thus, it was with great joy that I switched last week to the Samsung, which fixes all three of these problems: it’s super slim and light (while maintaining the large screen), the resolution appears to me to be just as good as the iPhone’s retina display, and the battery lasts most of a day with normal usage (still not great, but much better).
In my opinion, this phone is much superior to the iPhone, but if you like your iPhone I wouldn’t switch until we see what the new iPhone 5 looks like. It’s rumored to be out this fall and have a bigger screen. If it’s also 4G on Verizon AND can work overseas (none of the current Verizon Android 4G phones can), then I might switch back to the iPhone. I also wouldn’t switch away from the iPhone unless you’re reasonably technologically savvy – the ecosystem isn’t quite as seamless (for example, it was quite a pain to transfer my music, esp my playlists, from iTunes on my computer to my new phone).
3) I have three kids and take zillions of photos, so I’ve become an amateur digital photo junkie. I find that I need two cameras (given that I hate the crummy photos that camera phones take): a super-small pocket one to take with me everywhere (for 90%+ of photos) and a big digital SLR camera for special occasions when small cameras just don’t cut it (weddings, bar mitzvahs, action sports, etc.).
Among pocket cameras, I’ve been a very happy user for at least two years of the Canon PowerShot S90, then S95, and most recently the S100, but the new Sony DSC RX-100 blows every other pocket camera out of the water (if you’re willing to pay an extra $300). It’s maybe 5-10% bigger than the S100, but still fits easily in a pocket – and the results BLEW my mind. I thought I was using a full-size SLR: no shutter lag, amazing many-frames-per-second action shots, brilliant pictures in low light without a flash, etc. Below is the review by the NYT’s David Pogue, who concludes:
This is an ideal second camera for professionals. And it’s a great primary camera for any amateur who wants to take professional-looking photos without having to carry a camera bag.
Of course, $650 is crazy expensive. You can buy a full-blown S.L.R. for that much.
But every time you transfer a batch of its pictures to your computer, you’ll understand why you spent that money. You’ll click through them, astonished at how often it’s successful in stopping time, capturing the emotion of a scene, enshrining a memory or an expression you never want to forget. You’ll appreciate that the RX100 has single-handedly smashed the rule that said, “You need a big camera for pro-quality photos.”
And if you care at all about your photography, you’ll thank Sony for giving the camera industry a good hard shove into the future.
The quality of the camera is reflected in its price, however: the cheapest I could find it on the internet is $605 here: www.provantage.com/sony-dscrx100-b~7SNYG07U.htm. If that’s too expensive for you, go with the Canon S100 for $335 here: http://bestpricephoto.com/h/product_info.php/canon-powershot-s100-digital-camera-p-20660
4) I also recently upgraded my digital SLR from the Nikon D5100 to the D7000, which is the highest end amateur camera in the Nikon line. The D5100 was buggy so I was pleased to be rid of it. The key with both of these cameras is to get the Nikkor 18-200mm lens – it’s 11x with digital image stabilization built in. It’s the only lens you need, so just buy the camera body plus this lens. The best price I found for the D7000 is $889 at: http://bestpricephoto.com/h/product_info.php/nikon-d7000-162-mp-digital-slr-camera-body-p-19926. The best price on the lens is $847 at: www.buydig.com/shop/product.aspx?sku=NK18200G2
PS—I use and recommend the free Google photo software, Picasa (www.picasa.com), for cropping, editing, getting rid of red-eye, emailing photos (with the photos embedded, not attached), etc.
Last but not least, printers:
1) If you want to print photos, I highly recommend a specialized photo printer rather than using an all-in-one inkjet – the quality difference is HUGE. I haven’t upgraded mine in a while, but if I were to buy one, I’d just buy the latest model of my current one (the 4500), the Canon iP4920, which is a mere $80 (they get you on the paper and ink – don’t try generics): www.buydig.com/shop/product.aspx?sku=CNIP4920
2) Complementing my photo printer in my home office is my color laser, the Brother MFC-9560CDW Multifunction Printer for $590 at: www.nextwarehouse.com/item/?999165. It’s a great scanner, copier, fax machine, and prints fast in color and B&W IN DUPLEX (two-sided), which is a must-have for me.
Ms. Merkel has taken Bettina Schoenbach’s advice to heart, exclusively wearing straight-cut pants and three-button, diagonal-pocketed blazers from the German designer…While that sartorial consistency may have been an asset earlier in her career, it could become a problem as Ms. Merkel pushes the unpopular message of austerity to European Union members and faces a restless […]
The daily Seamless stipend is considered sacred for employees, and any abuse of the system appears generally overlooked by higher-ups. When Lehman Brothers went under, for instance, Morgan Stanley lowered the Seamless limit from $30 to $25, much to the anger of workers. “People went nuts,” recalls a former employee. “Every so often there were these fireside chats with [Morgan Stanley CEO] John Mack ‘Da Knife’ and a collection of analysts. One of the women on the call asked Mack to raise the limit to $30 again. Mack, not really having paid much attention to expenses, was surprised to hear it had been reduced. Concerned, he asked her why she needed $30 instead of just $25. She said that with the new reduction, ‘I can’t order my Perrier anymore.'” The next day, as legend has it, there was an entire case of Perrier on her desk–courtesy of John Mack.
In related news, the Morgan Stanley Seamless stipend is currently at $20. And while filing formal complaints at the top might have worked when MS was a free-for-all orgy of sparkling water and Italian pastries and whatever else your heart desired,** anyone considering pleading his/her case to James Gorman re: why this just won’t do should also think about boxing their shit up first, lest a hasty exit be necessary.
**Particularly if what your heart desired was a pair of fierce as fuck shoes.
Related: “A slideshow of me raising my hand in class” [@tyrabanks, earlier]
If you’ll allow, a quick manifesto:
Why do people work on Wall Street? Some do it for the money. Some the love of the game. And some to put enough in the bank that they can one day leave the industry and finance their true passion. And, as a comprehensive survey shows, for many, that passion is dolls. Barbie dolls, cabbage […]
It probably wouldn’t be too out of bounds to say that at least a handful of you have considered jerking off in a coworker’s water bottle. Conservatively. As prudent risk managers however, you’ve held off until you could quantify how much non-reward you would be getting with each unit of risk. Finally, and not a […]
… if you tried to get a Philly cheese steak slice at the Sbarro on Seventh Avenue on Wednesday, you’d see it wasn’t even listed on the menu alongside the restaurant’s other stuffed pizzas and strombolis. Sbarro’s online menu still shows it, and Bankruptcy Beat called another New York Sbarro and was assured by a […]
Ackman’s confession that he swam naked in the Bosphorus– the sea that runs through Istanbul- when he was an MBA student at Harvard came at a speech he gave in Istanbul last month. Ackman was on vacation, but he still wanted to introduce himself to the Turkish investment community…When asked why he swam naked, Ackman […]
Do you need that visual? Of this guy attempting to log onto www.ladyboyjuice.com 385 times in one day? Or of his colleague freaking out over his hard drive being full of all the porn he’d previously saved, and frantically rummaging through his desk to find some CDs on which to put his new stash? If […]