(1)How to become an investment bank CEO at age 30jpg long storyimage text translation
(2)36 comments
(3)After graduating from Tokyo University, I went to Salomon Brothers
(4)Born in 1963
(5)1986 Graduated from Tokyo University School of Law
(6)Salomon Brothers joined the Japanese branch in 1987
(7)1988 American Salomon Brothers headquarters training
(8)He joined the Japanese branch of Goldman Sachs in 1990
(9)In 1994, Goldman Sachs took over as CEO of its Japanese branch, Monex 2 CEO
(10)This is the main character of today’s story
(11)The main character of today’s story is this person
(12)Matsumoto Ohaki (Oki)
(13)It looks like you’ll be good at studying
(14)I feel something out of place when I look at the history of medicine;;
(15)In 1990, at the age of 27, he went to the Japanese branch of Goldman Sachs
(16)He joined the company and became CEO in 1994 at the age of 30
(17)Let’s take a closer look at the history
(18)Matsumoto Oki V Born in 1963
(19)Graduated from law school at Tokyo University in 985
(20)1990 Goldman Sachs Japan Branch 27
(21)Current CEO of Monex Securities
(22)This Salomon Brothers was one of the top five investment banks in the U.S
(23)Salomon Brothers, which Matsumoto joined after graduating from Tokyo University’s law school, was one of the top five investment banks in the United States at the time
(24)There are two reasons why Salomon Brothers made a name
(25)First, it was the master of bonds and derivatives trading, and Salomon Brothers created the world’s first currency swap in 1981
(26)And secondly, the most famous investment bank in the United States, the most vicious vice that business people can’t take off
(27)It was karma;
(28)I’m picking the apple of my throat be heinous
(29)A Time’s Evaluation of Salomon Brothers
(30)A corporate culture that picks the uvula if you translate it directly. LOL
(31)They give huge bonuses to employees with good performance
(32)If you think that your performance is bad, you’re going to lose everything
(33)an unrelenting atmosphere
(34)I don’t care if I commit a crime as long as I don’t get caught. I just make money
(35)It was like, “Oh, come!”
(36)The Essence of Financial Engineering in New York
(37)Probability Statistics Calculus. This is Salomon Brothers at the time
(38)Brownlan model Black-Scholes ㎡ trading floor at New York headquarters
(39)Today’s star who joined such a notorious company
(40)Matsumoto…
(41)10th month of employment. Suddenly in 1988, the headquarters of New York, U.S
(42)go on a training trip to ;;
(43)The American investment bank was originally known for its terrible macho culture
(44)But in the industry, when there was still a lot of discrimination
(45)A 25-year-old newly graduated college at the headquarters of the notorious investment bank
(46)Since I’m here alone as an Asian, I’m sure I’ll have a hard time
(47)But in the meantime, compared to Japan, Matsumoto
(48)The Salahage Brothers’ advanced romon
(49)I heard that I didn’t get to pay for the financial engineering confinement
(50)At the time, did you have a 386 computer
(51)Brownian model Black-Scholes 486 Computer Have you heard of this
(52)You know how to use a lot of RAM computers
(53)I can’t do it
(54)Solomon Br. Huge Bonds and Derivatives Trading Corporations
(55)In complex valuation based on the risk, Yong Financier is
(56)what made the theory highly developed
(57)That’s how Matsumoto wakes up for months during the training period
(58)Merronama’s Best Solmon Brothers Gold Convergence Engineering
(59)I’m learning that
(60)in search of the discount rate
(61)the most liquid and actively traded benchmark bonds
(62)1 million won! 1.1 million won
(63)All shares are shared like Jeonghan JPMorgan Goldman stock
(64)Sachs doesn’t have a known price
(65)Here’s a quick look at the valuation of bonds
(66)A lot of bonds traded in the market are open prices
(67)It’s a stock. Everyone wants to know how much the money is
(68)And you can buy it at that price
(69)It’s not like it’s out there, and every time you ask, the value of singing is different. Eoeun Gaddi
(70)Even
(71)Discounting bonds’ end-of-life bond prices in units of what is needed to be a self-dealing rate curve
(72)It’s saved by some that are on the market
(73)It’s not working. It’s a reverse calculation
(74)The Risk-free Rate for March 31, 2024 is
(75)It calculates the discount rate for each period
(76)You have to fold the curve directly
(77)I didn’t want to say that. The discount rate curve is drawing again
(78)The number of possible numbers is limited to a few
(79)In other words, it’s only a few parts, so it’s only a little bit more and more
(80)only expressed as a tabulation
(81)Jae 300 200 21 28 125 DA
(82)CC. The discount rate for this part is
(83)If you like it
(84)Time of payment of bond interest and principal right to judge the price
(85)Obituaries who know the answer in the discount rate curve
(86)It’s perfect on the dotted line. I hope it’s perfect
(87)No way. Customer. The bond price of the part where you know the correct answer
(88)There’s no guarantee anywhere to ask lol
(89)You have to somehow set the risk discount rate for the bond price. In calculating the discount, the part between it and the part between it
(90)It’s the end of my business
(91)What should I do
(92)risk-free arbitrage
(93)At that time, the idea of the Bank of Japan traders was simple11 years, 2 years, 3 years, 5 years. I know how many times I’ll take care of it
(94)The answer is just like this
(95)Let’s go straight
(96)Traders who were buying and selling bonds at the Bank of Japan at the time
(97)The idea of was simple
(98)Let’s break that relationship that we don’t know about. There are things we know, so the answer is
(99)The answer is to move to a straight line
(100)As a result, they were calculating the actual price as if they were a broken line graph. The discount rate line
(101)at a bend
(102)But I came back from New York to Salomon V
(103)I quit Larders and joined Goldman Sachs’ Tokyo branch
(104)There was a motto
(105)As soon as I saw the price of bonds offered by Japan Tre, the Deuterres
(106)to realize a fact
(107)”They don’t know”
(108)”They don’t know
(109)15 balls
(110)Arbitrage opportunity risk-free arbitrage opportunities
(111)Because each bond has connectivity, we have to do this in a curve
(112)”The fact that Japanese traders didn’t know is that they were interpolating,” said Algotsumoto
(113)Because there is a connection between the prices of bonds that are maturing less than a day, the discount rate curve’s point-to-point curve processing is harsh You can only calculate the right bond price
(114)soft
(115)They don’t know
(116)risk-free arbitrage opportunities
(117)We’re going to eat these parts
(118)Matsuboto, which Japanese traders know as a solid line, has the correct discount curve in dotted lines. The discount rate that failed to understand the U.S.C. interpolation
(119)Sleep well
(120)Risk-free arbitrage resulting from the difference between these two curves
(121)Matsumoto begins to brush it up mercilessly
(122)Japanese traders who used a higher discount rate than the right discount rate bought all the multibonds on the market at a lower price than the right price
(123)On the contrary, the fact that they started short selling on bonds that had a sign rate is lower than the low price
(124)Ss
(125)to rise to the top of Goldman Sachs at the age of 30
(126)It’s sweet
(127)Goldman KSach exact amount, as only the person concerned knows, at least in 100mio dollars
(128)Probably.
(129)Even at that time, trading in Japan was just starting to be active, and it was a tap of lease derivatives
(130)in one’
(131)Unlike the current trade, he’s selling almost a whole product without needing to continue arbitrage by generating enormous leverage
(132)Saint
(133)When I moved on from the no deal, I found a money-copy bug in reality. Lik
(134)In the years leading up to the realization of the number of Japanese resistance and the revision of the sulfur rate, Matsumoto alone earned 100 billion won a year in revenue to Goldman Sachs and made Jut the thread
(135)”Hi
(136)to be
(137)It’s called “Securities” in 30 days
(138)You run your own securities company
(139)My brother was the one who made money regardless of age through literary paintings. At that time, Goldman Sachs was a typical U.S.-invested banking system
(140)a style of
(141)Matsumoto, who gave a tremendous profitable company in his fourth year of employment, became CEO of Goldman Sachs Japan Branch at the age of 30
(142)After talking about being married and living happily for a long time according to Na Unseo and Gwonsa
(143)The lesson of today’s story, let’s study financial engineering hard
!