The most stupid thing you have heard in the office
What’s the most stupid thing you have heard in the office (not necessarily finance related)?
I’ll go first.
This past week during a meeting with Risk Management, we were going over some valuation stuff using discounted cashflow method. During a break, I overheard the assistant fund manager (he has 4-5 yrs of industry experience) ask a Risk Manager “how does the discount rate increase/decrease impact the asset value?”
I’m still simply baffled how this guy has survived this long in finance.
It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.
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