Interested in hearing peoples’ choices. Please support your answer with something.
While walking down Wall Street in NYC, you happen to see an $80,000 Porsche parallel parking on the other side of the street. When you look again however, you notice the passenger side door open and a little girl runs out into the middle of the street. Acting quickly, you dash across the lanes and scoop her up, saving her from a taxi cab that had been blindly speeding through the area.
The owner of the Porsche can’t sing your praises enough and thanks you over and over again. His daughter is now safe, thanks to you, and he would like to reward you. He presents you two choices, and expects you to answer immediately. These are the choices.
He will gift you his brand new Porsche. He will sign the title over to you and even cover any taxes you have to pay. Simply, you’ll be the brand new owner of this vehicle that if you choose to sell it, could easily bring in $80,000.
As a very high level executive at a financial firm on wall street, he will provide you the opportunity to get in on a deal he is organizing with some other very wealthy individuals. He will cover all the fees for your entry into this deal, and you’ll work and interact with him daily for a month. If everything works out, you could earn $100,000. Unfortunately, as the market is very scatterbrained, the chance that you’ll earn $100,000 is only 10%.
Which reward would you choose? Please support your answer with something.
edit: If you want to know what type of Porsche it is, this is my reply:
[quote=“sureshot!”"]
Word. I don’t know. A sweet one? It doesn’t matter
From a purely financial point of view, take the porsche, “easily sell it for 80K”, put it into some sort of CD. At 6%, you’d be at a guaranteed 100K in 4 years.
i’d take the porsche and keep it, because it was a simple task with a simple reward.
i realize what you are getting at here is that you get to learn from the executive and that learning is more valuable. I can assure you regardless of how hard i thought about it none of my options would involve Joe or Cougarspeed however, as I certainly would rather learn from the wall st. exec :mamoru:
:tif: then you turn into day trader Joe and day trader Cougarspeed and discuss this all day…
Regardless I understand the point is to learn…but I don’t have the time/interest to ever fully understand the market to where I was comfortable moving large amounts of money so it seems pointless to me…I would rather take the sure thing…
Jay, if you are walking down Wall Street, who says you don’t work there? (not a street meat vendor ).
Fry, your answer would have you failing a class at Harvard School of Buisness :lol: which is where this question was posed. It was a final exam question where there were no wrong answers, but a failure to properly defend your choice would provide you with nothing more than an F
I guess this would also depend on what the status of the market is…maybe this was a few years ago and your wall st execs strategy was to invest highly in Enron
edit: i am honestly surprised how stupid the majority of you are, there is quite a few that i would have assumed would have at least put a little more thought into it.
eh, i see that the underlying question is to see that you’d be “getting your foot in the door”… but fuck that. The money market is NOT an industry that i ever want to work in.
My job pays well, is low stress and is consistent. Fuck that heavy pressure trading shit.
