Stocks and Markets
What does IPO stand for?
Initial Public Offering
What is a share?
A unit of ownership in a company
Who is known as the “Oracle of Omaha”?
Warren Buffet
Who controls interest rates in the U.S.?
What animal represents a rising market?
Bull
What stock exchange is located on Wall Street?
New York Stock Exchange
What is diversification?
Spreading investments to reduce risk
What company is Warren Buffett CEO of?
Berkshire Hathaway
What happens to bond prices when interest rates rise?
They fall
What animal represents a falling market?
Bear
What does it mean if a stock is “bullish”?
Expected to go up
What is a dividend?
A payment made to shareholders
Who is the founder of Nvidia
Jensen Huang
What happens to a country’s currency when interest rates rise, assuming everything else is constant?
It appreciates
What company was the first to reach $1 trillion market cap?
Apple
What is the ticker symbol for Apple?
AAPL
What does ETF stand for?
Exchange-Traded Fund
Which hedge fund manager predicted and profited massively from the 2008 housing crisis, as featured in The Big Short?
Michael Burry
What is the “liquidity trap”?
When interest rates are near zero and monetary policy becomes ineffective
What are the three main departments in HFC?
Quantitative, Qualitative, Risk Management
What index tracks 500 large U.S. companies?
S&P 500
What is market capitalization?
Total value of a company’s shares
Which legendary investor ran the Medallion Fund, widely considered one of the most successful hedge funds of all time?
Jim Simons
In general equilibrium, what condition defines Pareto efficiency?
No one can be made better off without making someone else worse off
What day are we presenting pitches?
May 10th