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.
I had a coworker at a non finance job ask me, after unsuccessfully using a calculator and google how to calculate 3% of $1000 (thought about getting a CD wanted to know how much interest she’d get). I told her the answer, suggested she pay off any credit cards before since that interest is much higher… she was like great idea. I asked her a few weeks later what she did and she used it on a down payment for furniture (???)