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In addition, it is important to be prepared for unexpected events or developments that could have a significant impact on the negotiation. Chris Voss, a former FBI hostage negotiator, refers to these events as “Black Swan” events, as they can be difficult to anticipate or prepare for.
In equity research, the goal is to get clients to pay for the teams research consistently , but revenue does not depend on deals or other specific events. The difference is that IB is more of an explicit sales job , as deals must close for the bank to earn fees.
you get laid off or some other event happens resulting in a decrease in income). If you do, you may be able to afford to have less in your emergency fund in case something goes wrong (i.e.
Investment Style – Long/short strategies depend more on timing and getting individual quarters and events right, while long-only strategies often use longer holding periods and require deeper dives into companies. Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations.
Key Takeaway : If a buyer is considering prepaying the deal price to appraisal petitioners, the buyer should endeavor to have the petitioners contractually agree to refund any overpayment in the event that fair value is ultimately determined to be less than the deal price.
Yes, you can read guides , take courses , and watch YouTube videos , but you should also spend a few hours building simple DCF models or 3-statement models to learn the key concepts. You should still expect a quick start to recruiting and on-campus events once classes begin, but that has always been the case at this level.
Its more of an industry focus at the intersection of several other strategies , such as long/short equity , event-driven investing , and even merger arbitrage. Stick to straightforward companies with 1 2 main products and aim for simple DCF models that take no more than ~100 rows in Excel. also find their way into the industry.
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