Goldman Sachs on blockchain
blockchain finance is actually the application of blockchain technology in the financial field
blockchain is an underlying technology based on bitcoin, and its essence is actually a decentralized trust mechanism. Through sharing in distributed nodes to maintain a sustainable database, the security and accuracy of information can be achieved. The application of this technology can solve the trust and security problems in the transaction, and the blockchain technology has become an optional direction for the future upgrading of the financial instry. Through the blockchain, both parties of the transaction can carry out economic activities without the help of the third-party credit intermediary, so as to rece the cost of the global transfer of assets
extended data:
since 2016, the major financial giants have also heard the news and launched blockchain innovation projects one after another to explore the possibility of applying blockchain technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency. Standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization. After careful digital algorithm, it is written into the blockchain to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency
in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the global asset circulation, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016, at which the discussion on the realization of digital circulation of assets, block chain financial transaction mode, and block chain financial transaction mode will be held It also discusses the application of blockchain service and social public instry
Why is the Internet era coming to an end and the blockchain era coming
Once the
blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.
the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom
if the police can't file a case, they have to take a cut and learn a lesson.
bitcoin cash BBC can be said to be a variant of bitcoin. Bitcoin is said to have a limited number, only 21 million, but the real number can not be verified. At present, the fission of the cash BBC makes people believe that bitcoin can be infinitely fission
the essence of currency is a combination of national strength and credit. Bitcoin, as a virtual currency, has no guarantee or endorsement from any country and no legal protection
If a country's currency does not have enough national strength to guarantee its credit, it can only rely on the old hard currency: gold
gold is credit
at that time, with the emergence of bitcoin, some people thought that the golden age had passed, so they compared the emergence of bitcoin to mining. However, there was only one thing in the world called gold, and more than n Ethernet coins, Wright coins and so on appeared around bitcoin. Such virtual currencies can invent countless varieties
it can be imagined that once the virtual currency is destroyed, the real currency gold will lead to long-term good
1. At present, the biggest positive factor for gold is the US dollar. Recently, the continuous decline of the US dollar has made gold form a w double bottom
2. The second relationship of gold is international geopolitics. Any disturbance can make gold as a hedge fund soar
The third related account of gold is the world's hard currency. When a country's currency collapses, unless you have the world's hegemonic currency such as the US dollar, only gold can let you avoid this super risk At present, China's gold reserves have quietly ranked second in the world, from 1000 tons in 2009 to more than 4000 tons at present. Some people expect that in three years, China's gold reserves will surpass the United States and jump to the first place in the world According to the data recently released by the China Gold Association, China's gold bar consumption in the first half of 2017 rose by 51.09% to 158.40 tons year on year, and the national gold consumption rose by 9.89% to 545.23 tons year on year! Because the private sector has more than 1600 tons of gold reserves In 2013, some experts pointed out that China's national gold reserve should be more than 5000 tons, and once a currency war broke out, it could occupy a favorable position On the one hand, the internationalization of RMB is guaranteed by the comprehensive strength of the country; on the other hand, it has a lot of gold reserves
gold is a combination of money, finance and commodity. It has become a belief of natural currency for thousands of years, and the future of gold is worth looking forward to
thank you
most domestic investment banks are a department of banks
from the perspective of regulatory law, banks are not allowed to invest, so the investment of banks can only exist in the form of loans, so there is no standard investment banking business such as M & A and equity investment of non listed companies. It is trust companies that act as international investment banks in China
the major international investment banks, such as Goldman Sachs and Morgan Stanley, are traditional international investment banks with professional investment research teams and specialized analysis and Research on every instry and field. Their monopoly on the instry enables them to raise funds in the name of Goldman Sachs all over the world and do various cases of M & A and equity investment. Lenovo's acquisition of IBM is actually a classic case of Goldman Sachs' operation. Because Lenovo was forced by the sales pressure of PC market, IBM's PC department made a big loss at that stage, but it had international brand effect. After doing a lot of research, Goldman Sachs was able to get Lenovo to buy IBM's PC division
that's what makes investment banks like Goldman Sachs strong, with keen market insight and professional negotiation skills.
作者：Uni姐
链接：https://www.hu.com/question/19950839/answer/133717422
来源：知乎
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不过可喜可贺，她可以睡好多天了由于姐的工作原因，我管她要了高盛面试真题
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高盛已经开始用Hirevue筛选所有美国地区Junior Level的应聘者这个系统的运行机制是，针对每一个问题，你需要录下2分钟左右的回答而你的回答的评估标准是：和那些已经在该公司如高盛工作的“绩优股”们的答案相比，相似度有多高答案越相似，就说明你越Fit
五大类问题：Fit、IBD、Markets、Tech、Brain Teasers
准备好这些问题，面试第一关稳过哦～
1
Fit Questions
Walk me through you CV.
Which was your preferred class at university?
What are your strengths?
What are your weaknesses?
Which of your skills and experiences make you appropriate for this job?
What motivates you in life?
What would make you satisfied?
Why this bank?
What makes this bank different to its competitors?
Why do you want to work for this division of this bank?
Why do you want this job at this bank?
How do you know you want this job at this bank?
Have you ever had any issues with work/life balance?
What skills do you think are required to do this job?
Can you talk about a mistake you made in the past, and how you overcame it?
Who is the most famous and influential person you would like to meet and why?
Can you talk about a challenge you faced in the past? How did you overcome it?
Can you talk through a time you worked with a co-worker? How did you build that relationship?
Can you tell me a time when you failed to meet a deadline?
What’s more important- deadlines, or the quality of work?
Can you tell us about an episode where you were short of time for delivering a large project? How did you overcome that?
Can you give an example of a time you streamlined a process?
Talk to me about your previous jobs.
Which role do you usually play in a team?
What would your team mates say about working with you?
Why would your team mates choose to work with someone else instead of you?
Would you rather be captain of a losing team or the regular member of a winning team?
Why did you choose your college/university? Why did you choose that subject?
Give an example of a time you acted as a leader.
Describe a time when you worked in a team where there were disagreements.
Describe a time you research a subject of interest to you. How did you go about that?
Would you say you’re a perfectionist?
What’s been the most important experience of your career? Why?
Can you talk us through a time when you had to decline a client’s request? How did you approach that?
Your friend is cheating in a test. He’s on his last warning. You’re the only one who knows he’s cheating. What do you do?
Tell me about yourself. You have three minutes.
Walk me through the three different ways of valuing a company.
Walk me through a DCF.(including WACC)
Walk me through an LBO analysis.
What factors can lead to the dilution of EPS in an acquisition?
If you are in a business that wants to preserve cash, what type of inventory accounting method would you use (LIFO or FIFO) in a time of rising prices, and why?
You’re using multiples to value a company but those multiples are skewed. What do you do?
What is Minority Interest and why do we add it in the Enterprise Value formula?
Why is cash subtracted from Enterprise Value (EV)?
If a company raises debt, what happens to its WACC? What might make your answer wrong?
A client in the aerospace instry wants to know about related markets which are impacting his stock price. Which instries and markets do you look at?
Why can’t you use EV/Earnings or Price/EBITDA as valuation metrics?
Discuss a deal you have read about recently.
How do the three financial statements fit together?
Which is the best method of valuing a company and why?
What does shareholders’ equity consist of? How does net income affect it?
What will you actually do as an analyst or associate in an investment bank? What attracts you to this?
You’re meet the CEO of an instrial company. She wants to know how much her company is worth. Which information do you need?
How would you value a company which was very successful until recently, but lost market share e to a single event?
Where do you see markets trading in three months, six months, nine months?
Which structured equity proct would you issue in the current market conditions?
Explain the options Greeks.
Explain what a put option is.
Explain the assumptions behind Black Scholes.
Is gold overpriced
Are equities overpriced?
What’s moving the markets now?
What’s happening to market volatility and why?
What’s your top stock pick?
General Motors or Facebook? Why?
How would you hedge against the risk of an Apple bond defaulting?
Why are you better than other candidates on picking stocks?
How should a bank evaluate the creditworthiness of a counter-party?
Pitch a long stock? Pitch a short stock?
How would you invest $1k?
You’re given information about a company’s stock price over a period of 12 months. How do you determine how risky it is?
What’s the Monte Carlo method for pricing options? How does it work?
Why is a binary tree better than a hash table?
Why is a hash table better than a binary tree?
What differentiates propositional logic from first order logic? Which is better?
When should you use functional programming vs. objected oriented programming?
How could you set up a recursive function so that a smart language / compiler could evaluate the function and never run out of memory?
Talk me through the concept of inheritance in C++.
Talk me through the Java design patterns you know.
What’s a Linked List? Can you build one?
How would you find the middle element in a Linked List?
How would you write a programme to find the biggest number in a list of 10 numbers?
What’s Object Oriented Programming?
How does Object Oriented Programming differ from Process Oriented Programming?
What’s polymorphism in OOP?
What’s inheritance in OOP?
If you had to make a program that could vote for the top three funniest people in the office how would you do that? How would you make it possible to vote on those people?
Estimate the value of the tie instry in the US.
How many airplanes are in the sky above New York City at any moment?
What is the angle between the hour and minute hand of a clock at 3.15?
If you were shrunk to the size of a pencil and put in a blender, how would you get out?
When you heat a sausage in the microwave, the tear is always lengthwise. Why is that?
If I gave you €10m, would you either buy a 5-star hotel in the centre of Paris or 5 cheap motels along the ring road?
What’s the sum of all the numbers between 1 and 100?
2
IBD (Investment Banking Division) Questions
3
Markets Questions
4
Tech Questions
5
Brain Teasers and Other Questions