WOLFE RESEARCH
2008
What is the difference between an income statement and a cashflow statement?
An income statement is a statement of profitability while the cashflow statement details the cash inflow/outflows of a business.
Who was the English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments?
John Maynard Keynes. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles.
The Dow Jones is made of how many companies?
30
Which 1960’s psychedelic rock band is most pictured throughout the Wolfe office?
The Grateful Dead
What sector coverage was Ed Wolfe known for?
Airfreight & Surface Transportation
What does EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, & Amortization
What bank does Wolfe Research have an alliance with that allows Wolfe clients to trade?
Nomura
If I sell a put, do I make money or lose money if the value of the underlying security falls far below the strike price?
Lose money
Whose shoulders is Freddie Mercury sitting on in the mural above the stairs to the 5th floor?
Darth Vader
Roughly how many stocks do we cover?
~700
The current market price per share multiplied by the total number of outstanding shares of that company will give you...
The Market Capitalization
Who is the "The Oracle of Omaha"?
Warren Buffett
How do bond prices react in a rising rate environment?
Because of their inverse correlation, bonds decrease in value as rates increase
Which famous musician featured on our 6th floor mural has an ice cream flavor named after him?
Jerry Garcia | Cherry Garcia
What 6 major industries does Wolfe cover?
Healthcare, Tech, Financials, Consumer, Industrials, Utilities/Energy
If total expenses exceed _______, a net loss is reported on an income statement.
If total expenses exceed total revenue, a net loss is reported on an income statement.
I coined the term “10 bagger,” who am I?
Peter lynch, Magellan fund at Fidelity Investments
If a stock falls 60% what is the required rate of return to return to break even
150%
Our 5th floor mural features this unlikely yet adorable pairing; who are they?
Snoop and Martha Stewart or Nancy Reagan and Mr. T.
As of today, who is Wolfe’s newest Analyst?
Doug Leggate
Explain the following: Where do the extra shares in Diluted EPS and Diluted Shares outstanding come from?
Diluted earnings and shares outstanding take into account all warrants, Stock, options, and convertible bonds converted in for stock.
Name 5 Famous Hedge Fund Managers
Steven Cohen, Ken Griffin, Jim Simmons, Izzy Englander, Ray Dalio, David Shaw, etc.
Which was the first completely electronic stock market? (NYSE, NASDAQ, Bombay Stock Exchange, Tokyo Stock Exchange)
NASDAQ
Name 3 sports featured in the murals?
Baseball, Soccer, and Tennis