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AMZN In Six Easy Charts
All one can say is: "LOL"
Operating Profit and Net Income for Three Months Ended March 31, 2010-2013:
Amazon Free Cash Flow (Operating profits less CapEx):
Amazon Operating Margin %
Amazon LTM Operating Margin %
Amazon LTM Net Income %
Amazon Revenue growth (blue line) and number of total employees (red line)
Finally, the company's operating profit outlook for Q2: ($340)MM to $10MM. Surely all of the above explains why the stock is experiencing its latest massive short squeeze after hours and why it now proudly trades at a forward P/E multiple of N/M.
(thank you DE Shaw algos).
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AMZN : most overvalued decent company in history.
Jim Fukkin Cramer says don't get in their way.. sadly some day amazon shareholders will end up moving into Jim's old residence.. Their cars.. BWAHAHAHA
AMZN has been overvalued for over a decade. Bezos and Ringo Starr are the luckiest guys on the planet.
Sure, now's a good time for a squeeze. Anytime, really.
Don't bet on it. They'll be nationalized as the official government online distribution chain for junk long before they'll be allowed to go under.
Fascist choke-holds do not require profits in order to succeed. They merely need an over indebted population to weak to keep a market honest. If AMZN needs more money, you can be sure Benron will print it for them.
The 11th commandment:
Thou shalt not make fun of the Bezos.
He's done a fine job... of selling common stock to idiot yuppies.
Sad to say, but at least Amazon does something, unlike FB. But... this has been the trend, hasn't it? a slow fall from manufacturing stuff (no longer able to pump up volumes due to collapse in growth/wages) to make-believe shit...
Now, apply the projected fiscal drag of the implementation of the "Marketplace Fairness Act" upon forward estimates.
Fairwell and adieu...
Pole axed.
He's done a fine job... of selling common stock to idiot yuppies.
With a p/e of 3151 he's done a damn good job of selling it. Wouldn't call the people buying it 'idiots' either.
There are 'fundamentals' and then there are NFLX & AMZN.
they will be the biggest sales tax collector in the world.....who ya gonna love...
and the new fair tax act will just sit about 1 foot the left of a value added tax, and with a name like that how can 1 complain...
Lots of guys get lucky, the smart ones keep remembering to not screw it up by thinking they had a whole lot to do with it.
Some insight into billionaire Bezos' political bent:
http://thecaucus.blogs.nytimes.com/2012/07/27/amazons-founder-pledges-2-...
I can't believe you're forgetting Amazon giving gift cards for the recent gun buy back in Seattle! Seriously, look it up..
But surely it's not all been negative news for Amazon during the last few years. We all know now what a fantastic company Amazon is to work for, and they treat their warehouse staff like real human beings, not just paying them high wages, but giving them other benefits as well.
Oh, wait, maybe I'm thinking of a different company...
I know a few senior executives at Amazon. Dumbest people I have ever met. One of my best friends in college went to work for Amazon in 2003 in accounting. He lasted six months before he ran out of the building.
He was one of those poor guys with ethics.
their warehouse workers are rumbas....
And Soros is investing in JCPenny, I think he has finally snapped!
If that true than he's been tipped off that postal shipping rates are about to double and a federal online sales tax is about to slap the shit out of AMZN until it's cheaper to just drive to the mall.
Bring back EBITDA.
Here's an experience i had on AMZN. I once sold an extra "like new" computer on Amazon for 40% less then all other sellers of the same product just so i can get rid of one more thing out of my house (i'm not a professional seller by any means). I delivered it and got paid on it. After a few weeks the buyer decided she didn't get what she paid for and sent a letter complaining about it. I did not receive any instructions to take any further actions. 15-20 days later i see a charge on my amex for the amount i had received. I figured the buyer asked for a refund and amzn obliged. No problem. Here's the thing, since I didn't respond to the buyer's orginal email (Since it didn;t state it anywhere in the email) she is not obligated to return my computer. So a kept my computer for free and AMZN did not assist me at all in trying to retieve what was mine. It was a 400 mistake on my part, but it will cost them tens of thousnads in future business from me. I now have no problem paying for things slightly higher on other websites
I ordered an item last night and it arrived today. Less than 24 hrs for delivery and we use Prime with free shipping. How can they make $$?
I bought a $400 camera lens through Amazon, it was delivered without the hood, Amazon refunded $165, the retail value of the hood was $59, so they screwed their vendor for $106.
No fuckin' chance . The most overvalued undecent company ist fuckin' JP Morgue .
But Bezos said we should focus on free cash flow, not earnings. Oh wait, FCF sucks too? Oh, well, Ben's got our backs!
The criminal syndicate known as Wall Street pays no attention to fundamentals anymore. It's all just a leveraged bubble riding game, courtesy of our central bank
Thank you, Mr. Bernanke, for this wasteland you have made for us.
just like AAPL on earnings day, all of the volatility and money will be made after market and before open tomorrow, when AMZN will then again trade flat.
Perhaps Jeff should spend more time in the boardroom instead of occupying himself with plucking dead rocket engines out of the Atlantic...
I think they should reinterpret the last graph as when the amount of money accumulated goes up, the amount of comparable brain power goes down.
plucking dead rocket engines out of the Atlantic.........indeed.
Taxing internet shopping should help....
NOT!
well... I pay taxes on Ebay already. 7% on everything I buy.
it should only be in the state you reside if you buy from a merchant in that state..unless you live in Kalifornistan
Amazon needs to sell ammo.
... and sinkable boats... and pressure cookers
The do sell pressure cookers, bought one a few years back from them for canning. Ah, really we do use it for canning.
I'm pretty happy that I bought my cookers at the thrift shop/garage sales.
Make sure you test or replace the gauges, if they get out of calibration, you can end up with a bad case of food poisoning or death. I suggest getting new gauges if you don't know the history. Also look at Tattler reusable lids, they are worth their weight in gold.
I've been meaning to get a pressure cooker for canning for some time. I will likely buy it from Amazon, like most things that I purchase.
Just make sure you buy some fireworks, BBs, batteries, and a pre paid unlocked cell phone at the same time too.
If you see an Amazon ad on ZH click on it and do your month's shopping, Tyler will get a hefty cut. A good cause.
Did you register that pressure cooker? Especially if it is high capacity?
If they can get any.
Internet tax
They've been charging CA sales tax for the past year or so--may explain some of the loss. Making that universal will cause real pain.
I'm a buyer as soon as their margins hit 0.10% and the Forward PE is 20,000 and the PEG ratio is 30.
Looking at Amazon's stock vs. operations, it's easy to see how Henry Blodget (bought and paid for by Jeff Bezos) can say Paul Krugman has won.
BTFD
Cheap on a mutiple basis.
Bezos is a genius!!!! Invested his couch change in Business Insider.
Don't forget bitchez......BTMFD.
who ties your shoes in the morning.
Maxine Waters
Who cares? You just have to believe in fairy tales, as long as a bunch of HF need the stock to move north....algos do the dirty work
The Internet tax is going to put HUNDREDS of thousands of people out of work.And a lot of Net firms out of business.
The lack of an Net tax, was the prime reason most folks bought online.That plus you found the same items as your local suppliers,at $500-700.00 LESS -tax,and they somehow could still afford to deliver it from almost any where to your door step FREE Freight.
(Esp Big screen TV's.).Local vendors charge $75-$100+ for that.
Nymphoid Barbarians in Dinosaur Hell bitchez...
Seeing all the PC bullshit coming out of amazonstudios.com, they dont deserve to be solvent.
Yet, Wall Street buys it because so many people short it. It obviously is over priced for its earnings and cash flow.
I stay away from it. I would not short or buy it.
All one can say is: "LOL"
Thanks Tyler - that made me laugh out loud when I read that and then looked at the charts.
The Financial Stability Board (FSB) develops the policy makers’ strategic response to the banking crisis and directs its implementation: http://www.financialstabilityboard.org/
Its FSB Plenary is comprised of the most senior representatives from Central Banks and Finance Ministers from around the world, as well as the most senior representatives from the main international bodies governing finance. FSB’s current chairman is Mark Carney, his predecessor Mario Draghi.
http://www.financialstabilityboard.org/about/plenary.pdf
The FSB developed the so-called Bail-In. The main working paper is “Key Attributes of Effective Resolution Regimes for Financial Institutions.” It is candid and succinct:
http://www.financialstabilityboard.org/publications/r_111104cc.pdf
Equally to the point is the progress report from November 1st, 2012. It leaves no doubt that the Bail-In is indeed a template for many jurisdictions, amongst others those of the US and the EU.
http://www.financialstabilityboard.org/publications/r_121031aa.pdf
Please take a moment to browse the files contained in the links. Please spread the news.
I urge Zerohedge to write its own report.
*FSB Mark Carney (New BoE Chairman from July)
Thanks. Just bookmarking it for later read.
You know what they say, "The best way to rob a bank is to force people to own one."
Wait... what?
Yeah, but look at their momentum and all the intangible value they have created.....
Bozos has been around a long time. It wasn't too long ago when Amzn was a $ 12.00 stock. I just know the man gets me my shit delivered on time. Bezos is the goto guy.
in all fairness...they're still only selling books. Wait till they branch out.
AMZN reminds me of an old joke.
A couple of hillbillies decided to trade chickens. They bought a truck, and they made deals with a few suppliers and buyers. The plan was to pick up the chickens and pay $3.00 per chicken, and then they would deliver the chickens for $2.50 per chicken. After a week of operation, one of the hillbillies noticed that the cash was running out. The other hillbilly turned to him and said, "yup, we're going to need a bigger truck."
Sounds more like award winning economists, rather than hillbillies.
This guy I know, Milo, used to buy eggs at seven cents a piece and sell them at five cents... in order to make a profit.
let me guess, Milo now works under the brenake at the Federal Reserve?
Like the person who goes to the casino with $100, leaves with $20 and tells you that they won $20. Lots of 'em out there.
make it up on volume
"But I make a profit of three and a quarter cents an egg by selling them for four and a quarter cents an egg to the people in Malta. I buy them from for seven cents an egg. Of course, I don't make the profit. The syndicate makes the profit. And everybody has a share."
-Milo Minderbinder
Moar Bozo
The Net Income chart really brings the LULZ. Seems like just yesterday that Amazon was claiming to be excited about pending online sales tax legislation. Wonder if there's a chart that shows how many tax averse consumers Amazon can lose before it goes tits up.
Yes, we need to know the Adjusted Pro Forma Blended Run Rate Non-Recurring 2020 Net Income. Or else how can we make an informed investment decision?
Do they still report Pro Forma income..I remember when that was big...the taxes will slow them down....
AMZN is one to never mess around with. It seems no matter what the earnings show it just goes up. I have seen top and bottom line misses - gaps 15 down and within 2 weeks its net higher. Learned many lessons about shorthing stuff like this. NFLX is another. Just not worth it. Eventually you are likely correct but most of the time "eventually" never happens. You have such massive losses you are out before eventually comes.
hard to fight 85 billion per month...
Even harder to fight 140 billion.
That's why you don't go to war with the Chinesses
Growing very nicely and only 2x sales. I dare you to short it. North America looks solid. When International turns a profit, all these charts will be irrelevant.
"only 2x sales"
LOL.
They are a retailer. They don't make what they sell. Sales per share does not apply to them any more than it applies to Wal-Mart.
I can't wait for AMZN and AAPL to have the same share price. It's coming.
AMZN $0/share in Earnings, $0/share in Dividends, $5/share in Net Cash
equals
AAPL $40/share in Earnings, $12/share in Dividends, $150/share in Net Cash
Efficient markets....
Amazon is the poster child for "we make up for it in volume." WTF?
I just bought a toilet from Amazon.
No shit?
Here I sit broken hearted, paid a [silver] dime and only farted.
I like Amazon. I buy from them all the time. Just had some photo supplies delivered today. Could not care less about the charts and graphs.
If they are ever going to actually justify their share price, they are going to have to start cashing in on loyal customers like you by raising prices.
In other news George Soros owns a metric f-ton of PCP
I hope it goes to $1000, then i'll just buy a ton of puts.
Sixe easy charts that spell "R A L L Y"
Bezos even looks like the shady guy on the corner telling you to come to his store with bars on the windows.
"No, no, no. Iz retail, bought myself. Very good product, haz Sony gutz. You buy, throw in blender free. Wife happy, you happy, I happy."
It amazes me how the internet erases the stigma of buying black market and counterfeit goods. People wouldn't be caught dead buying a fake purse in a back alley, but they are proud to boast about buying $700 purses for $60 on Amazon.
My idiot father in law bought a pair of Bowers and Wilkins on Amazon, $1300 retail, for $275 from some Amazon marketplace dealer. He bragged about the deal. I said, "You know those are fake right?" He of course argued they were real and Amazon can't sell fakes. I said, "Enjoy your Coby speakers with a fancy B&W logo."
And what happens to Amazon if the CONgress passes the Internet tax bill?
CRUSH.
I was looking for an iPod Touch 5th gen. for my Daughter, Best Buy had it on sale but with taxes I would pay more at Best Buy versus Amazon.
The Best Buy sales rep. said they would price match "if" it was sold by Amazon and not a third party. Um...most of Amazon's stock is sold through another outlet via Amazon.
I asked if they discounted for the amount of tax I would have to pay at Best Buy and he said "no". So, I asked, why would I buy it here if I have to pay $17 more being taxed? He just shrugged.
However, if Amazon is forced to charge tax on any sales (already the case for CA) it will hurt their profit margin that much more.
Only in the short term. Longer term, they will likely be the global leader in selling their tax collecting service to everyone else who cannot scale globally.
Especially once their buddies pass a bunch more laws to prevent them from being undercut by those pesky, unwanted competitors.
In other words, Amazon will become the single point of entry for payola, and govs will leave them alone as long as they receive their tribute.
Where's its stock chart?
Basic 5 year chart:
http://finance.yahoo.com/q/bc?s=AMZN&t=5y&l=on&z=l&q=l&c=
Reminds me of AAPL up to about three months ago:
http://finance.yahoo.com/q/bc?s=AAPL&t=5y&l=on&z=l&q=l&c=
(both links open in new tab/window)
Sorry to hear about your woes Amazon, but Walmart is having just as much trouble with inventory and sales. Maybe it isn't really you - it's just 'the weather'... Or maybe, the economy isn't quite as good as the MSM says it is... Nah - gotta be the weather...
The share price went up on that news?
Oh I presume it was because they beat expectations that had been gradually lowered over the last few weeks and they were better than expected
What a farce
"The important thing to remember here is..."
Wasn't too long ago that AAPL was the darling of the hedgies and algos.
Won't be too long before AMZN suffers the same fate as AAPL and there will be "a new kid in town".
http://www.youtube.com/watch?v=s6FsnmaJrQQ
NFLX?
Will all the central banks please step up and BUY THE CRAP out of this stock!!!!!!!!!!!
Then.....it won't be a crappy stock!
ahhhh...Bernanke's folly..........Does he practice his violin while Rome burns??????
The brutalilty of the unwind will make Nero look like a movie star.
Feel really bad for kids. They will learn what the value of money is.
How could anyone be a Krugman????
Oh that's right....Obama won!
Twice.
Millions actually voted for him....four or five times!
can someone please explain to me why this company even has to report earnings?
every quarter is the same horrible report, yet the stock pops no matter how bad. imagine what will happen if they ever had a decent quarter.
Can we see the same charts for Netflix please?
I think that there's something below the radar with this company...emphasis on"the company"!
You mean that decade long deal with Spookville Central helping them get on a cloud?
http://fcw.com/articles/2013/03/18/amazon-cia-cloud.aspx
http://micbester.wordpress.com/2013/04/15/cia-and-amazon-agreement-to-re...
I'll not be sending any of my bu$ine$$ Amazon's way anytime soon.
http://business.financialpost.com/2013/04/24/the-global-slowdown-is-hinting-at-a-major-re-alignment-of-the-markets-and-it-wont-be-pretty/
The global slowdown is hinting at a ‘major re-alignment of the markets’ — and it won’t be prettyAccording to my secret decoder ring, this means war.
*checks headlines*
Syria, chemical weapons, strong words.
Yep. Now all we need is for Colon Pal to wave around a magic vial of pixie dust to start the ensuing shitstorm.
In other news, drone season has officially opened. No word on limits yet, though.
http://apnews.myway.com//article/20130425/DA5SN16O1.html
Can you believe this shit? It's like a re-run, except this time it Hagel instead of Powell. And truth is, the rebels are probably using chemical weapons supplied by U.S. That whole deal can be switched off in a heartbeat by Hagel. It's another oil-control grab.
Trendline.... the most ignored indicator if it's not bullish...
OT: May I ask a question? Great, thanks. Glad you all had a chance to vote on it. Is it just me or has ZH lost some volume of readership lately? The question is why that would that be case? What, the Cow Jones is so good that no one listens to reason anymore? You tell me.
Or are we just all throwing in the towel and saying "to hell with it". It has to be true that we are all sick of watching our nation turn into a shithole. The years are starting to pile up here on me, and I ain't seeing shit that I like much of anywhere save for the LCS but now that's fucked up too. I tried for years to stop it and I can punch sand too because I accomplished the same. We are so fucked. I planned on going to hell the day I was born but I have young children so I can't go just yet. I only want them to be able to think for themselves.
Keep stacking. It is really all you can do.
Whenever I come here from a browser without Ad Block, I'm surprised that anyone still manages to get the page to load.
Zero Hedge had its record traffic day (over 2.2 million hits) one week ago. All is well.
That's good to hear Tyler and ZH deserves it. Now if we could just get everyone else to listen to ZH and it's merry band of commentators sans a few, we might have a very slight chance for the snowball that we currently have in hell... Nope, nevermind. This financial mess is going to be ugly as you well know. More and more people that I meet on the street are just as disgusted anymore(but don't know why) including the ones who are not special snowflakes and I observe that everyday now.
Since you replied to my comment Tyler, I would like to ask you if you are ever going to make up another batch of those shirts with the arrow going through the bottom of the chart? This one in fact...
http://www.store.minus273.biz/product/zero-hedge-x-273-american-dream
I know that you Tylers are not about making making fiat profit off that sort of thing but I really want one. In fact, I want about ten of them. I have been waiting for like two years now for new stock. Hello demand?
Congrats Tyler & all the crew at ZH. You guys are the bright spot of my day and I appreciate your candid, straightforward approach.
The only real gold is you. Our culture is spun, it doesn't have the answers. I don't have the answer but I know the answer exists. Sometimes you win the fight when you say ow! Sometimes you only win when you train past the pain signals.
When we crap, we stick it in the water. We put lead in gasoline and paint and then discuss history. We destroy cultures with intimate knowledge of local herbs, animals, conditions and signs of future events. I cannot tell you therefore what the future will be. I can tell you that feeling pain is going to remain important as a feature of surviving. Smell touch, feel, see, witness the tremors of your heart as you make even apparently small decisions.
The answer, when it comes, will shock us with its simplicity, we need simplicity too much for that not to be a chief ingredient.
I don't much like hippies though.
Amazon will not stop with their break-even pricing combined with the lowest cost infrastructure possible until every last retailer is put out of business. Although every single non-food store in my neighboorhood barring the highest end luxury is on its last legs there are still a few stragglers out there to be crushed. Most earnings are fake GAAP garbage anyway so it's better to look at the endgame for AMZN which is total domination of all shopping.
That will be the only way they will ever be profitable.
And look at that big reversal! Only down now...6%...cool...
Well, maybe, just maybe reality will set in. Now down 10 bucks. Ya know, I like the company a lot. Good service, free shipping, good response time. But maybe at about a price of45 it would be priced just about right. Lets see how long before it gets there. I wonder if NFLX will get there first?
What a farce these markets are.
i'll take the opposite stance here. amzn has a market cap of $121B. goog is $267. in due time, amzn will surpass goog. i have an inflationary bias so that means i anticipate amzn doubling and that is the bet i am making, though if the world is more deflationary than i anticipate it could mean goog falls much more than amzn does.
amzn trades like a growth stock because it is one. no one values startup using P/E because it doesn't make sense to do so. earnings will explode within 5 years.
LOL.
AMZN was a "startup" in 1996.
You'd think they would actually be earning some money by now.
And everything will soon be taxed as the FEDs begin shutting down the Internet.
I bought a book for like 9 bucks on Amazon a while back. After taxes and shipping it was over $16.
The company has a bankster problem.
Well I buy all my name brand paper towels and bathroom tissue in bulk, free of tax, and delivered free to my door, at a THIRD the cost of local stores(even WalMurt/Sams/Costcos), and I do not have to spend an hour and drive 30 miles to do it,of fight parking and the crowds.
All my vendors around here price inventory to the income levels of the area demographics.(high)
you idiots, less is more
The Amazon P/E is NaN, NaN, NaN, ....
That internet tax is going to kill this company. I have bought one item off the site since they enacted it.
You are sooooo wrong. Amzn has seen a neg. correlation of tax vs.. Gross spend in states with tax. You jackasses don't understand nexus laws.
Amzn gets nexus in state, builds FC's in that state (ie Texas and Cali ) and can now offer same day shipping. CoNVIENIENCE FARRRRR outweighs cost hist of tax.
To be fair, a lot of that is R&D.
Ive owned it since 2009. I use their services and half the startups I've seen use the cloud services.
They keep dumping money into the cloud and not calling it capex. But it should be.
And sales tax is not a big deal. I'm still not wasting my weekends going to a box store for bullshit.
TIIIMMMBEEERRRRR!!!!!!!!!!!
Central Banks Should Own AMZN....
I sent a message to Amazon yesterday that if the internet sales tax passes in Congress, I will probably never do business with them again! I meant it! They wrote me back and said they would send my message to the appropriate people.
Harry Screed's internet sales tax will KILL online sales because now, in addition to having to pay for shipping, we would have to pay sales tax, too! That's a double whammy that will decimate online sales.
But I suspect they'll do it anyway! Tyranny is here! It has found a home in America!
I like Amazon as a company but still I worry what will happen after they succeed in driving the retail stores out of business.
Also I think that they are an example of what is a big problem in us economy wherein losing operations like sears or jcp can stay in business pretty much indefinitely because they have access to nearly free money while smaller operations have to fight major headwinds. The the loser operations drag down the whole market. I suspect this is what is happening.
Poor people don't buys shit at amazon because they don't have credit cards. Smart people don't shop at amazon more than they need to because they see all the scams. For example, searching has become harder and harder; if you are looking for the lowest price you have to sift through a bunch of kindle versions. Then if you find what you are looking for, a lot of the time you'll find that they don't ship to your country, even if you are in Western Europe and the vendor is in Western Europe. So you have to go back and find another vendor who is of course charging more. And even after all that, you don't know what the shipping is going to be until the end. The shipping is 2EUR higher about 95% of the time. Bait and switch, bait and switch. That leaves rich dumb people and there aren't enough to keep amazon going.
Bezos is such a psycho global control freak job, he bought Abebooks which was the site most popular with real book sellers. I don't know what they think of it now. So he owns the two biggest book web sites.
Freaks like Bezos always think they can "nudge" consumers and somehow consumers aren't going to notice. I used to find occasional deals on amazon because the bookselller was selling it at a low price. But now psyco boy Bezos has his software slam the door on anything that is a good deal. Cheaper the book, the higher the shipping. Bezos doesn't think people notice. Nine year old travel book, you would get in a used store for a buck or two, with shipping should cost you no more than five bucks. Psyco boy thinks he can get you for 9.
The end result is I just get off my ass and get better and better at using the library reserve system.
This is interesting because I am probably the median amazon user--almost all for books--but just in the last year, I have cut my purchases in half because of his BS. Most books aren't necessities, even if you are an avid reader, and there are lots of alternatives to amazon. Amazon's ONLY advantage is convenience. The info is there, and the site is familiar. But Bezos' insatiable psycho scamming of his consumer is wasting time. He is killing the convenience of his site.
Should I short that stock? Hedge with an index?
amazon still sells books? It's been quite convenient and cheap for buying a variety of other things for me. I think they are working on a model for same day delivery for products as well. They are making a big charge in putting many brick n mortar retailers out of biz for sure.
AMaZiNgly worth $125B in marketcap after paying whatever markdown they take on their inventory, if they have to go for a firesale to pay their creditors.
Operating margin is less than Tax increase and if people see AMZN price on its shopping cart same as big retail then they will just go and pick it up after their normal SHROOMING
Its liabilities grow WAAAY faster than its market cap to be fair. Dont forget to put that graph next time tyler
DE Shaw...the folks that ignore their internal risk management quants....or used to maybe? This made add some fuel to the "LOL":)
I have used a couple of videos from Cathy O"neill who worked at DE Shaw back during the crisis and she's good, no nonsense, brilliant on models. In this post I made about modeling for inequality, she talks a little bit (as much as she can with opinions, etc.) about working for DE Shaw and doing the quant work for Larry Summers. Stay tuned to the end...Q and A...does he has aspergers syndrome she asks?
All spoken very professionally and she's working on the Occupy alternative bank committee. She spent her time there and didn't buy in to the mentality and talks about it, as much as she can without violating any exit interview contracts. Basically she was out of academia and just wanted to do her job and use her talents and the education she got was not what she expected.
http://ducknetweb.blogspot.com/2013/04/modeling-for-inequality-with.html
She did another video with PBS a while back and I dovetailed it into my post on the PBS 401k story. "What do hedge funds do? They skim off retirement funds"...she says..one sentence. I keep this video in my blog footer as one of my education videos where people smarter than me offer some real good information for all.
http://ducknetweb.blogspot.com/2013/04/the-retirement-game-401k-complexi...