MBA Life & Post-MBA Life (in mongolian)

Last chapter: Back to Mongolia

2009-07-26T02:54:00.003-05:00

Olon jil gadaadad amidarsanii etsest, mongoldoo ajillaj amidarhaar shiidej, sayahan butsaj irlee. Company-ii yoronhii management bolon hurongo oruulalt/sanhyygiin udirdlaga helberiin ajilaar garaagaa ehelne. Ajil amidarliin shine orchind dasah geed ih sonirholtoi zun boloh shinjtei...

Mun ene blog-oo yygeer duusgaya gej bodoj baina. Syyld mongold tuvhnohooroo uur blog deer temdeglel hutloh sanaa baina. Blog-oor maani zochilj, bodol sanaagaa huvaaltsaj irsen tanil bolon yl tanih byh hymyyst bayarlalaa!

Mongold dahiad...

2009-06-14T13:17:00.003-05:00

Mongold 6 sariin yldsen hugatsaag unguryyleheer bolloo. Syyliin arvan heden jild, 6 sariin zunii saihan uliraliin ye-eer mongold udaj baigaaguigees ter yumuu, tsag agaar hachin saihan sanagdaj baina...

Mongolian banks now

2009-06-10T11:39:00.003-05:00

Delhiin banknaas hiisen sudalgaa bolon bas bus eh survaljaas avsan temdeglel?:
(source: Mongoliin medee 6/10/2009)
"Дэлхийн банкнаас саяхан манай улсын эдийн засгийн байдалд тойм судалгаа хийсэн байх юм. Тэд банкны салбарт аюул нүүрлэж байгааг сануулжээ-
...
Монголын банкуудын холбооны ерөнхийлөгч Б.Мэдрээ “Бодит эдийн засагт банкуудаас зээл ерөөсөө олгохгүй байна. Намар гэхэд улсын төсөв ч хүндэрнэ. Арилжааны банкны асуудал ч хэцүүднэ. Үнэндээ банкуудад зээл олгох хөрөнгийн эх үүсвэр байхгүй болчихоод байна” гэж ярьсан. Энэ нь банкууд гаргасан мөнгөө буцаан авч чадахгүйгээс эргэлтийн хөрөнгөгүй болж мөнгөөр гачигдаж эхэлсэн гэдгийг нотолж байгаа хэрэг юм.
Гадаад зах зээлээс мөнгө босгох гэж арилжааны банкныхан эрвийх дэрвийхээрээ хөөцөлдөж байгаа ч дэлхий дахин хямралд нэрвэгдээд байгаа учир гараа сунгах газар олдохгүй байгаа ажээ."

"... Санхүүгийн хямрал нэрвэж аж ахуйн нэгжүүдийн ашиг орлого багасч авсан зээлээ хугацаанд нь барагдуулж чадахгүй байна. Зарим нэг нь юун зээлээ төлөх байтугай данс нь улайгаад дампуурлаа зарлахад хүрсэн аж. Тиймээс арилжааны банкуудын чанаргүй зээлийн багц 31 хувиар нэмэгдэж дөрөвдүгээр сарын байдлаар бүх зээлийн 10.6 хувьд хүрэв. Уул уурхайн болон барилгын компаниудад их хэмжээний зээл гаргасан банкууд хүнд байдалд ороод байна.
... Арилжааны банкуудын 2009 оны нэгдүгээр улирлын зээлийн тайлан мэдээнээс үзвэл банкуудын 2000 гаруй жижиг, дунд үйлдвэрлэл эрхлэгчид олгосон нийт зээлийн өрийн үлдэгдэл 201,9 тэрбум төгрөг байна. Түүнээс гадна барилгын салбар гацаанд орно гэж тооцоололгүй их хэмжээний зээл олгосон аж. Үүнээс болж арилжааны банкуудын мөнгө түгжигджээ."

Mongold

2009-05-22T00:43:00.003-05:00

Gym - Orchlon health club: small machine room with 3 running machines; swimming pool and basketball court. monthly membership $120, one-time pass 20,000 tugrug. overpriced?

Golf - UB golf driving range: clean, close to downtown. monthly 200,000 tugrug, one-time (80 balls) 6,000 tugrug. coaching support 15,000 tugrug for 30 mins. reasonably priced.

Taxi: 400~450 tugrug per km.

Who moved my cheese?

2009-05-21T00:05:00.000-05:00

Ongotsond sonirhoj unshiv. Tovchihon "huurhon" nom sanagdlaa. Ajil amidrald n uurchlolt orj, ergelzej shanalj baigaa hynd setgel taitgaruulah muchiig olgoj magadgui... Doorhi comment-iig amazon-oos ishlej tavilaa:

"This profound book from bestselling author, Spencer Johnson, will show you how to anticipate change, adapt to change quickly, enjoy change and be ready to change quickly again and again. Discover the secret for yourself and learn how to deal with change, so that you suffer from less stress and enjoy more success in your work and in life. Written for all ages, this story takes less than an hour to read, but its unique insights can last for a lifetime."

Amralt

2009-05-14T10:40:00.002-05:00

Golden Week-eer baruun japan ruu jijighen ayalal hiigeed irev... Busad yed n ger zuuraa ungoruulev.

Barbarians at the gate

2009-03-20T11:54:00.001-05:00

Barbarians at the gate -iig sayahan garchiglav. 80aad onii syyleer, USA-iin RJR Nabisco gej company-iig, delhiin hamgiin hychirheg PE fund-iin tuloologch boloh KKR n $25 billion-oor hudaldaj avsan tyyht business transaction-iin tuhai. IB, PE met finance chiglel sonirhogchidod recommended. Corporations, shareholders bolon investment funds, banks, financial advisors-iin hoorondiin holboo haritsaag eregtsuulj bodohod ch tus bolj magadgui...

"Barbarians at the Gate has been called one of the most influential business books of all time -- the definitive account of the largest takeover in Wall Street history. Bryan Burrough and John Helyar's gripping account of the frenzy that overtook Wall Street in October and November of 1988 is the story of deal makers and publicity flaks, of strategy meetings and society dinners, of boardrooms and bedrooms -- giving us not only a detailed look at how financial operations at the highest levels are conducted but also a richly textured social history of wealth at the twilight of the Reagan era.

Barbarians at the Gate -- a business narrative classic -- is must reading for everyone interested in the way today's world really works."
yum baih.

Mongolian engineers abroad - Congratulations!

2009-01-17T13:37:00.002-05:00

Microsoft-iin programmist boloh, 90-eed onii angiin and B sayahan Mongol ulsaas shagnal hyrtesen baina, congratulations! 10 jiliin l avyastai hyyhed baisan..

10 jiliin and D onii eheer MIT ruu master-d surahaar yavlaa. Ar geriin ahui amidral, ajil yilsiig bygdiig zohitsuuldag tednii ger byl ch garamgai shyy..

Shine jiliin anhnii temdeglel

2009-01-14T10:30:00.004-05:00

Ene jil ch uurchloltiin jil baih boltoi... End, ungorson 2-3 jiliin sanhyygiin zah zeeltei holbootoi gants hoyor comment zergiig ergen suhoj, temdeglej yldeev:

Citi former-CEO Chuck Prince: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing,” - 2007/7, sanhyygiin zah zeel peak yedee buyu hyamral ehlehiin umnohon helsen comment.

Syyliin 30 jiliin Amerik dahi tom dampuurluud (source The New York Times / BankruptcyData.com):

Greenspan: Economy in 'once-in-a-century' crisis 2008/9.

$700 Billion Bailout - 700 billion gesen too medeegeer damjaad nileen chihend honogshison ch, tyynees hamaagui ih zardaliin tuhai ch mer ser sonsogdoj baigaam baih - The $8 Trillion Bailout.

Banks' deposit guarantee in Mongolia

2008-11-27T09:29:00.006-05:00

Finally, Mongolian government is to guarantee all deposits/savings in domestic banks. (See here for news)
According to this interview, total amount of banks' deposits is approx. $1.1 billion, and banks' loans? (зээлийн багц, авлага) is close to $2.3 billion.

"1,3 сая хадгаламж эзэмшигчийн нийт хадгаламжийн хэмжээ нэг триллион 300 гаруй тэрбум төгрөг байгаа. Энэ бол их мөнгө. Манай улсын төсвийн бараг тэн хагас. Энэ мөнгийг юугаар баталгаажуулж, ямар эх үүсвэрээс гаргах вэ гэхээр арилжааны банкуудад байгаа дотоод актив буюу зээлийн багц, авлага хоёр триллион 690 тэрбум төгрөг байна. Өөрөөр хэлбэл хадгаламжийн хэмжээнээс хоөр дахин их мөнгө байгаа. Нэгэнт арилжааны банкууд баталгаа гаргаж зээл олгосон учраас тэр мөнгийг гаргуулж авна. Зээлийн дотор чанартай, чанаргүй гэж бий. Дээр дурдсан зээлийн 3,5 хувь нь чанар муутай, 96,5 хувь нь чанартай зээл байгаа."

L's presidential connections

2008-11-26T09:08:00.001-05:00

Jaahan sonirholtoi medee: "L's presidential connections".
"Amerikiin eronhiilogchiin tyvshinii holboo helhee" baisan ch, evgui nuhtsol baidald orvol, nulooloh argagui n ene business-iin ertontsiin neg tal n yumuu...

The Intelligent Investor

2008-10-18T11:40:00.001-05:00

Value investing chigleliin classic nom boloh, Benjamin Graham-iin The Intelligent Investor-iig tuhtai garchiglav. Yl yalig huuchinii nom bolovch, Graham-iin aldart "shavi" Warren Buffett-iin "By far the best book on investing ever written" gej comment-lsontoi duitsehuits, huuchrahgui sanaa aguulgatai nom gej sanagdlaa. Highly recommended.

Buffett-iin talaarh sayahnii news: Buffett says he's buying U.S. stocks.

Picasso

2008-10-16T19:48:00.002-05:00

6 modnii midtown complex-iin urlagiin museum-d Picasso-iin jijig yzesgelen garsan baina. Paris-aas avchirsan zurguud yum baina; tsomhon dajgui tsugluulga sanagdlaa.

Mongol doh bairnii yne

2008-10-16T01:03:00.001-05:00

15~30%-oor unaj baina gesen sayahanii medeeg harlaa. Ene chigleliinh n mergejiltenyyd n yariltslaga deeree nileen sanal niilsen baidaltai baigaag harahad, ene handlaga nileen bodit boltoi.

Bairnaas busad yumnii yniin huvid:
Delhiin zah zeel deer unoodor, ediin zasgiin usoltiin saaralt geh metiin prognoz bolon busad yanz byriin hychin zyilees, gazriin tos $75~80 gesen tyvshind hyrj, 7 sard $147 hyrj baisan orgil ye-iinhee barag l tald n hyrtel buuj irj baina. Benzinii yne usson shaltgaanaar hamag yumniihaa yniig usgochihson mongolchuud maani, odoo hir zereg ynee butsaaj buulgah yum bol...

Nobeliin shagnal

2008-10-15T11:44:00.003-05:00

Ene jil ediin zasgiin chigleld, Princeton-ii professor Paul Krugman shalgarsan baina. Ediin zasgiin chigleleer ene jil hyrtel niitdee, Chicago 10, Princeton 5, Harvard Columbia Berkeley n tus byr 4 shagnaltaniig toryylsen yum baina.
Busad chigleliin talaar gevel, Japan-aas 4 shagnaltan zereg turson n end japanchuudiig nileen bayarluulsan medee bolj baina.

Hurungo oruulaltiin bank

2008-09-24T06:46:00.005-05:00

Olon jiliin tursh wall street buyu ynet tsaas, hurungiin zah zeeliin gol tuloologchid baisan investment bank (hurungo oruulaltiin bank)-nii ertonts n syyliin heden doloo honogt ogtsom uurchlogdoj, shine model-d orj baih shig baina. Hamgiin syyld yldsen 2 tom investment bank boloh Goldman, Morgan n alban yosoor bank holding company bolj uurchlogdoj baina (news end).

2008 on boltol delhiin investment bank-iin ertonts n, (a) pure-play investment bank (investment banking business-iig golchilj dagnadag) boloh Goldman, Morgan, Merrill, Lehman, Bear bolon, (b) universal bank boloh Citi, JPMorgan Chase, Credit Suisse, UBS, Deutsche gesen gol toglogchidoos byrdej bailaa. Ene syyliin heden universal bankuud n umno n commercial bank (ariljaanii bank)-uud baij baigaad 5-10 jiliin umno amerikiin pure-play investment bank / securities firm-uudiig hudaldaj avsanaar, investmenk banking bolon commercial banking ali aliniih n yil ajillagaa yavuuldag universal bank bolj hychirhigjsen shinehen tyyhtei: Citi n aldart Salomon brothers-iig, Chase Manhattan n JPMorgan-iig, Credit Suisse n tyyht First Boston ba DLJ-g, UBS n Paine Webber-iig, Deutsche n Alex Brown-iig tus tus hudaldaj avsan. (End baihgui bolson tyyht bank-uud, umno blogt durdaad ungorson Liar's Poker, Monkey Business met 90-eed onii nomuudad ih gardag.) Sayahan hyrtelh wall street-deh bankuudiin ner hyndiin barimjaanii tuhai jishee n end Vault-iin site-d sonirhoj harj bolno.

9 sariin crisis weekend-ees hoish end ih uurchlolt garj baina. Bear ali 3 sart baihgui bolson; Lehman bolon Merrill 9 sart baihgui bolj, orond n tedniig avsan Bank of America bolon, UK-iin Barclays, Japan-ii Nomura nar ene ertsontsod shine toglogchidoor garj irj baina. Tsaashid pure-play investment bank bish, hychtei investment banking yil ajillagaag uurtoo aguulsan tsuun universal bank-uud n delhiin ynet tsaas, hurungiin zah zeeliin ertonts-d chuhal golloh yyreg gyitsetgej magadgui bolj irj baih shig baina. Nugoo talaasaa Citi, UBS met universal bankuud subprime-aas bolj nileen zovj baigaagaas harahad, universal bank l "naidvartai" gej shuud helj ch bolohgui tal baigaa bolhoor, ene salbart tsaashid ilyy uurchloltuud yrgeljilj garah boluu. Mun, hedge fund, private equity bolon sovereign wealth fund-iin ertontsod ch yanz byriin nuloo garj magadgui bolloo...

Crisis weekend

2008-09-15T08:17:00.002-05:00

Wall Street-iin 4doh tom hurungo oruulaltiin bank dampuurald, bas 3dah n uur bankiin gart...

Wall Street awakes to 2 storied firms falling

Lehman in Bankruptcy; Merrill to Be Sold; A.I.G. Struggles
In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, said it would seek bankruptcy protection and hurtled toward liquidation after it failed to find a buyer.
...
“My goodness. I’ve been in the business 35 years, and these are the most extraordinary events I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm the Blackstone Group, who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration.

Subprime ba delhiin bank sanhyygiinhen

2008-08-03T12:16:00.006-05:00

Subprime gegch garj ireed delhiin bank sanhyygiin system-iig hyamruulaad jil bolj baih shig baina. Her ih hohirol yzyylj baigaa tuhai, bloomberg-iin too barimttai sayahnii medeenees end hesegiig n tavilaa.

Ehnii medee n, delhiin tom bank sanhyygiin firm-yyded avchirsan aldagdaliig tootoi n tavij:
(negj n billion $)
-----
Firm \ Writedown&Loss \ Capital Raised
-----
Citigroup 42.9 44.1
UBS 38.2 28.6
Merrill Lynch 37.1 17.9
HSBC 19.5 3.5
IKB Deutsche 15.9 13.1
RBS 15.2 24
Bank of America 15.1 20.7
Morgan Stanley 14.1 5.6
JPMorgan Chase 9.8 7.8
Credit Suisse 9.6 1.5
Washington Mutual 9.1 12.1
Credit Agricole 8.3 9.1
Lehman Brothers 8.2 13.9
Deutsche Bank 7.6 3.2
Wachovia 7 10.5
HBOS 7 7.8
Bayerische Landesbank 6.7 -
Fortis 6.6 1
CIBC 6.5 2.9
Barclays 6.3 9.7
Societe Generale 6.2 10.1
Mizuho Financial 6 -
ING Groep 6 4.9
WestLB 4.9 7.7
LB Baden-Wuerttemberg 4 -
Goldman Sach 3.8 0.6
Dresdner 3.4 -
...
TOTAL** 395.8 302.1

(Dashramd mongol ulsiin yndesnii niit byteegdehyyn $3 billion orchim)

Hoyordoh medee n, ajilaas halsan hymyysiin too bolon tyynii niit ajilchidiin toond ezleh huvi:
-----
Firm \ Positions Cut \ % of Headcount
-----
Citigroup 15,900 4.3%
Bear Stearns 9,159 66
RBS 7,200* 3.2
UBS 7,000 8.8
Lehman Brothers 6,390 23
Merrill Lynch 5,220 8.3
Morgan Stanley 4,440 9.4
JPMorgan Chase 4,100 2.3
Bank of America 3,650 1.7
Washington Mutual 3,000 6.5
SunTrust 2,400 7.6
Northern Rock 2,000 40
HSBC 1,650 0.5
WestLB 1,530 25
Goldman Sachs 1,500 4.7
Wachovia** 1,443 1.2
Credit Suisse 1,320 2.7
National City 900 2.9
Barclays 900 0.7
KeyCorp 740 4
Countrywide*** 514 45***
Fortis 500 0.8
Wells Fargo 500 0.3
Deutsche Bank 470 0.6
Nomura 400 2.2
Mizuho 300 0.6
HBOS 90 0.1
Royal Bank of Canada 40 0.1
_____
TOTAL 83,256

Makunouchi bento

2008-08-02T11:15:00.001-05:00

Oird ajilaar baruun japan ruu - japanii hoyordoh tom hot, bas huuchin niislel - yavdag bolov. Tokyo-goos 400 ilyy km zaitai; hurdan galt tereg 2 tsag 30 minut yavdag. Ugloonoos ajilaa hiij baigaad, yd dund ajilaasaa garj baruun zyg ryy hudolj, baruun japand ochij neg tsag uulzalt hiichiheed, oroi n 9 orchimd ajildaa ergej irj yndsen ajilaa yrgeljluulj baigaad galt tergee zogsoochood gertee harih mayagiin... Tegej davhij yavahad, hurdan galt tergen idej bayasdag n, makunouchi bento geed, yoson joriin zyiliig evluulchihsen belen hool. Ene hoolnii tyyh n ayagui bol heden zuu, myangan jileer yarigdaj magadguim baih.

Mongolia mining - L.Bold's comment

2008-06-29T12:28:00.003-05:00

Sonin.mn-d deh news-ees end copy-dov.
(original source: Zindaa newspaper, 2008.06.16)

... "Ашигт малтмалын ордууд, тодруулбал стратегийн ач холбогдолтой 54 орд газрын нөөцөд түшиглэсэн корпораци байгууллаа гэж бодоход тус корпорацийн өөрийнх нь үнэлгээ 186.6 тэрбум ам.доллар байхаар байна." ...

Assuming holding company to be established by the government, that controls the strategically important 54 mines, valuation of hold co. can be as high as US$ 186.6 billions... (according to L. Bold's comment, who has recently been in charge of mining industry at the government)

No idea about reliability of this number - who did this valuation, how and why - but it gives one interesting data point on the topic.

euro2008

2008-06-29T11:45:00.000-05:00

6 sar euro2008-iin sar bolj ungorj baih shig baina. Spain-ii team ch ene jil yzehed uramtai shyy - Villa, Iniesta, Cesc. Odoo final l yldlee...

laboratoriin neg

2008-05-26T01:00:00.003-05:00

Mongoliin ulsiin toonii olimpiadiin dyngiin tuhai medee unshilaa. 1r surguuli 13 medali, olonlog 6, 11r surguuli 5, sant delgereh tus byr 1 medali hyrtsen gene. Olon ulsad yavahaar 1-iin 7 hyyhed, olonlogiin 1 hyyhed shalgarsan gesen baina.

Odoogoos l lav 17-18 jiliin umno, mongold toonii surgaltaar sain gegdeh n 1r surguuli, ih surguuliin gynzgii, 11r surguuli, mun 51, 52 gesen surguuliud baisan sanagdaj baina. Ter yees dahiad 10-15 jiliin umnoos ch, laboratoriin 1r surguuli n toonii surgaltaaraa sain gesen tyyhtei baisan. Mongold 89 onoos hoish, niigemd asar ih uurchlolt garsan ch, too ba logic setgehuid durtai avyastai mongoliin heseg hyyhdiig delhiin tyvshind surgah surgaltiin saihan bodlogiig olon jiliin tursh tuushtai murdoj irsen, laboratoriin 1r surguuliin udirdlaga bagsh nar mash baharhuushtai sanagdlaa.

Olon ulsiin olimpiadaas deer yeiin manai suragchid, heden jildee l neg shirheg medal avchirval ih amjilt baidag baisan bol, syyliin arvan jild altan medalaas avhuulaad, togtmol mungo hyrel medal zyydeg lut tyvshind hyrsen baina (end too barimt baina). Gaihamshigtai!

Nogdol ashig Japand

2008-05-25T23:00:00.000-05:00

Unoodoriin Nikkei sonind, Japanii public company-uudiin huvitsaa ezemshigchidedee ugdog nogdol ashigiin hemjee ihsej irj baigaa tuhai medee garj. Company-iin tsever ashigaas nogdol ashigt zoriulagdah huvi (dividend payout ratio) dundajaar 30% bolson n, amerik metiin ynet tsaasnii zah zeel ilyy hugjison ulsuudiin 40%-d barag duhoj ochison baina. Uuriin huvitsaagaa butsaaj hudaldaj avah (share buyback)-iig n niilyylj tootsvol, tsever ashigaas huvitsaa ezemshigchided onogdoh huvi n byr 50% bolj, record hemjeend ochood baigaam baina.

Olson ashigaa, company buyu heseg udirdlaga n hereggui yumand yrchihdeg, esvel company-iinhaa usultond zoriulj hurungo oruulalt hiihguigeer belen mungoor n daraad suugaad baidag zohisgui sanhyygiin strategy n, Japand baga bagaar zasarj saijirj baigaagiin jishee gej helj boloh baih...

Amerik dahi baishingiin yne

2008-04-27T11:54:00.006-05:00

Syyliin 1-2 jild Amerikt baishingiin yne nileen unaj baigaa tuhai medee zarim neg tootoi garsan baina. Odoogiin baidlaar, umno n hyn hereglej baisan baishingiin dundaj yne (=median/golch) $200,700 bolson yum baih. Shine baishingiin yniin tuhai sonirhood search hiitel, 2008 on 3 sariin baidlaar $227,600 gesen tootoi medeelel harlaa.

$200,700-iin baishing 15 jiliin zeeleer avna gevel:
Zeeliin hyyg, jishee n jild 6% gevel, 15 jild niitdee $304,900 orchim; jild $20,300 orchim, sard $1,700 orchim gesen baragtsaa too garah yum baina.
(Tootsoond ene website-iig ashiglasan)
Amerik dahi dundaj urhiin orlogiig, jishee n $48,000 gevel, sariin orlogo $4,000-iin $1,700-aar n (sariin orlogiinhoo 42%-aar n) 15 jil tulj baij baishintai boloh n. Todorhoi huviig n uridchilj tuloh, ihenhi hymyys 20-30 jileer zeel avdag geh met nariin shiriiniig es tootsood, barimjaa tusuu gargaval iimerhyy too garj baina (bairnii zeeliin hyy, urhiin orlogiin tuhaid bol, mortgage rate bolon average household income-oor search hiivel, ilyy todorhoi toog yzej bolno.)

Mongol dahi bairnii yne, zeeliin hyy eneteriin talaar sain medehgui yum. Herev tiim toonuud baival, tustei tootsoo hiij haritsuulbal yanz byriin dygnelt hiij boloh baih...

Mongolian market - basic data

2008-04-13T10:42:00.005-05:00

3/30-nii Nikkei Veritas gej investment chigleliin sonin deer mongoliin sanhyygiin zah zeeltei holbootoi boginohon medeelel, bas heden statistic data tavigdsan baina.

GDP: US$ 3.3 bn (in 2007)
GDP growth: 8% (last 4 years)
Export of mining industry: US$ 1.5 bn (copper, gold, molybdenum etc.)
Population: 2.6 mln

Stock market:

Number of public companies on the Mongolian Stock Exchange(MSE): 217
Number of companies that publicly disclose financial info: 114
Total market cap. of public companies on the MSE: US$ 620~ mln, up 600% in 2007
Average PER: 406 times (only for those companies with disclosure)

Negen japan hynii mongold baiguulsan Frontier? Securities gej company japanchuudiig mongold hurungo oruulahad zuuchilah yil ajillagaag yavuulj ehelj baigaam baih...

2008 ehnii ulirliin M&A soninoos

2008-04-05T13:52:00.004-05:00

Software-iin delhiin hamgiin tom company n, web-iin pioneer "akul"-uudiin negiig "zalgihaar dairsan" medee n technology-iin ertonts-d nileen heden doloo honog yarigdaj baih shig baina. Ene medeenees harval, tus 2 company n delhiin hamgiin chadaltai hurongo oruulaltiin bankuudaas zuvlohooroo tomilj ajilluulj ehelsen baina.

Hyatadiin uul uurhain company-iin byleglel n, Angli-Australi-d tuvtei uul uurhain delhiin hamgin tom company-iin negiinh n bagagui hesgiig genet hudaldaj avsan yavdal bas sonirhol tatahuits medee bailaa.

Havar bolon byatshan amralt

2008-04-05T13:27:00.004-05:00

Baasan garigiin oroi "6 mod"-nii kino teatr-d No Country for Old Men-iig yzev. "6 mod"-nii ene teatr dajgui tseverhen tohilog yum baina. Bas deerees n baasan garigt l lav shuno ajilladag bolhoor, nad metiin shuno 12 tsagaas hoish l ajil tarj doloo honogiin stress-ee tailahaar gudamj ruu ursdag hynd bol, bar-nd uuj idehees uur zygeer songolt sanagdlaa...

Byamba-iin oroi, 53 davhart bairladag sonin bairlaltai Mori-giin urlagiin yzesgelen-geer shagailaa. Zaluuchuud ih sonirhdog yum baina. Ner n NY-iin Moma-tai tustei...

4 saraas japanii sanhyygiin shine jil ehledeg. Ajil albanii bolon hicheeliin shine jil ehledeg gesen yg. Hed honog gudamjaar shinehen suits umsson, ineed huuroor dyyren college tugsogchidoor dyyren baih shig baina.

Mongol_town

2008-03-01T12:36:00.003-05:00

Tokyo-giin mongolchuud sain meddeg gej duulsan mongol_town gej mongol hoolnii gazar ochij yzev. Asakusabashi eki deer bolhoor, hotiin tuvuus oirhon zygeer bairlaltai yum. Tehdee hool avaaguigees hoolniih n amt shimtiig n medej chadsangui. Er n shagaival tanidag meddeg hymyystei taaraldah shinjtei gazar bailee.

Uur, "Zurgaan mod"-iin idesh uushnii gazruud dund, mongolchuud ordog 1-2 togtson gazruudtai bolson baisan. Syyliin heden jild endehiin mongolchuudiin community ih uurchlugduj baih shig baina...

Sayahan mongolchuudiin, ter tusmaa Japan-ii mongolchuud idevhitei heregledeg VIMO gej community site-d byrtgyylev. (Blog-iin neg buyantai zochin invite hiij oruulsan). Japan-iin Mixi, US-iin facebook myspace mettei tustei SNS portal yumuudaa. "Chuhal" bolon "chuhal bish" yanz byriin baidlaar, sonirholtoi site sanagdsan...

株式市場とM&A

2008-02-17T11:01:00.002-05:00

株式市場とM&A-iig unshiv. Negen jijig cafe ajilluulagch company-iig baiguulj huld n bosgoj baigaa story-goor damjuulan, huvitsaa bolon zeeliin hurongo bosgolt, IPO, M&A geh met sanhyygiin yndsen ajillagaanuudiig company-iin usult bolon strategy-tai holboj mash engiineer tailbarlaj bichisen nom. Ene talaar sonirhdog oyutan zaluus bolon mergejiliin bish hymyyst zoriulagdsan gej helj boloh baih.

Nomiig bichisen zaluu umno n heden jil IB career huuj baisan buguud, ynet tsaasnii zah zeeltei holbootoi, mergejiliin bish sonirhogchidod zoriulj hed heden nom bichisen. Bas blog deeree ch ene talaar haaya sonirholtoi zyil bichideg sanagdsan.

HF-iin tuhai article

2008-02-10T13:07:00.000-05:00

Nileen deehne HF-iin tuhai, New York Magazine deer garsan article-iig end link-dev. Industry-giin yoronhii tailbar, gol players geh met-iig ungots sonirhoj boloh yum baina.

Running Money

2008-01-19T12:28:00.000-05:00

Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score-iig unshiv. Odoogiin typical HF-iin tuhai zyil ogt bichigdeegui ch, bichigch(author) uuriinhoo 90-eed onii net/tech bubble-iin yed venture capital-type investment hiij amjilt olson tuuhee sonirholtoigoor uguulsen nom gej helj boloh baih. Dajgui bichigdsen, sonirholtoi sanaanuud aguulsan nom sanagdlaa...

A Random Walk Down Wall Street

2008-01-05T13:26:00.000-05:00

A Random Walk Down Wall Street-iig gyilgej unshiv. Investing in securities/stock market sonirhdog hymyys, bas ireeduin career-taigaa holbootoigoor securities market-iin talaar sonirhdog oyutan zaluust ih tohirson overview guidebook sanagdlaa. 73 ond anh bichigdseneesee hoish, hed heden udaa revise update hiigdej, odoo hyrtel unshigdaj baigaa classic book gej helj bolno.

Nomiin gol dygnelt n, dundaj jiriin investor (huvi hyn) bolon dundaj active mutual fund manager-iin investing performance n, niit stock market-iin performance-aas, udaan hugatsaanii tursh haritsuulbal ilyy garj chadahgui. Tegeheer, investor n investing-iin tuhai turul byreer sudalj tolgoigoo gashilgaj zovj baihaar, esvel ih fee tulj active mutual fund-d invest hiisenees, S&P500 geh met niit stock market-iig tulooloh passive index fund-d invest hiigeed yavsan n deer gesen utgatai. (End jiriin dundaj investor, udaan hugatsaanii turshid gesen ygyyd chuhal keywords.)

Nomiin ehnii hesegiin, stock market-iin tyyh deh bubble & burst-uudiin tuhai ugyylsen heseg sonirholtoi sanagdlaa. Bas stock-iig yneleh arguudiin tuhai jiriin hymyyst zoriulj tailbarlasan heseg n zygeer baij magadgui. Harin syyl haviin, modern portfolio theory, CAPM, option, futures geh met finance-iin mergejiliin yg hellegiig tailbarlaad unasan n, ene chigleld A-gui hyn unshihad jaahan tyvegtei baij magadgui sanagdav.

Shine jiliin amralt ingeed duusaj baih shig baina...

ウェブ進化論

2008-01-01T07:48:00.000-05:00

ウェブ進化論本当の大変化はこれから始まる-g unshiv. Syyliin heden jil "mod-nd orj" baigaa/baisan Web 2.0., Longtail, SNS, blog geh met shine web trend-yydiin talaar, Silicon Valley-d ajillaj amidragch professional-iin 2006 onii eheer bichisen nom.

Internet & Cheap Revolution & Open Source gesen keywords bolon, internet-iin "naad tal" (PC or display interface), "tsaad tal" (web service firm-iin servers/process-iin system) - ネットの「こちら側」と「あちら側」 - gesen zagvarchilaliig ashiglan, web evolution-iig tailbarlasan n sonirholtoi sanagdlaa. Mun ene chigleliin nuloo byhii tuloologchiin neg boloh Google-iin business bolon technology-iin vision-iin tuhai ch nileen durdaj. Web-iig idevhitei heregledeg hyn unshival yl yalig nurshuu bichigdsen baij magadgui ch, odoogiin bolon oiriin ireeduin web trend-iin talaar tusuulol avahtai holbootoi, hereg bolohuits heseg/insight ch bagagui baigaa shig sanagdlaa.

Blog-doo, ene nomiig zohiogchiin My Life Between Silicon Valley and Japan blog, bas web trend-tei holbootoi heden link-iig oruullaa.

2008 on

2008-01-01T07:18:00.001-05:00

2008 on garlaa. Ajil erdiin yed nileen achaalaltai ch, on soligdoh yed ovoo 10-aad honog amaruulchihdag yum baina. Shine oniig harin gertee...

Mongol blogs link

2007-12-08T09:42:00.000-05:00

Mongol hel deerhi heden blog-iin links nemev. (Finance, business, mba-tei ihenhi n holboogui) Ezdees n zuvshuurol avalgui link-dsen tul, herev bolohgui zyil hiisen bol medegdene yy.

SWF...

2007-12-01T12:33:00.000-05:00

Oiriin heden sard sonsogdoj baigaa negen sonirholtoi medee/trend bol, gazriin tosoor bayan ulsuudiin zasgiin gazariin medel deh investment fund-uudaas hiij baigaa tomoohon hurongo oruulaltuud baina.

Ene medeend bichiseneer, delhiin hamgiin tom sanhyygiin firmiin neg boloh Amerik-iin Citi, computer-iin CPU hiih salbart Intel-iin daraa oroh AMD, Japan-ii Sony, Amerik-iin HF PE salbariin nileen tom 2-3 firmyyded, tus byr 4~5% ees 9%-iin huvid n hurongo oruulalt hiisen baina. Citi-giin tom huvitsaag ezemshigch ehnii hoyor gazar n, ene medeenii daraagaar, gazriin tosnii bayan arabuud bolj baih shig baina...

2007 onii tom M&A medeenees

2007-10-27T13:06:00.000-05:00

2007 onii hamgiin tom mergers-iin list.
$10~20 billions-oos avhuulaad, $100 billions-iin ynetei company-uudiin M&A deals delhii dayar yavagdaj baina.

End, PE firm-yydiin hamgiin tom buyout (=hudaldaj avsan) deals-iin list.
Syyliin 2-3 jild tom PE-gyydiin gart ochison, $20-30 billions-iin company-uudiig harj bolno.

ABN-Amro bank hudaldagdaj baigaa $100 billions orchimiin deal n, ene jiliin hamgiin tom deal bolj baih shig baina. Medeenees harval, ene deal-iin M&A advisers n Merrill, Greenhill bolon Morgan, UBS, Lehman, Goldman, Rothschild gesen investment bank-uud baina. Medeenyydees harval (1, 2), amjilttai duusval nileen ih fee (ajiliin huls) ch tulogdehn...

Dashramd, billion (terbum) dollar gedeg mungiin baragtsaanii huvid:
Mongoliin alban yosnii neg jiliin GDP (het bydyyvchilbel "ulsiin niit hyn/company-iin orlogo") $1~2 billions.
Govi company-iig huvichilah yed yarigdaj baisan yne $12 millions orchim (baisan sanagdaj baina).

Market cap-aaraa (ynets tsaasnii zah zeel deerhi company-iin ynelgee) American Airline $7 bn, GAP ba Ford $14 bn, Starbucks, BestBuy, SunMicrosystems $22 bn orchim, Dell, McDonalds $50 bn orchim gej barimjaalj bolno. Sonirhovol FT-iin ene linkees.

Edgeer toonuudaas, odoo delhiid hir zereg tomoohon hemjeenii company-uudiin M&A activities yavagdaj baigaag ungots gadarlaj boloh yum...

(Market cap or capitalization n ter chigeeree company-ii "yne" bish ch, todorhoi barimjaa bolj ugdog tul, end company-iin yniin barimjaand amarchilaad hereglesen)

M&A business-iin odoo

2007-10-27T12:21:00.001-05:00

IB-iin IBD group-iin yil ajillagaanii neg heseg n, M&A (Mergers and Acquisitions) advisory. Shuud orchuulbal, neg company nugoogoo hudaldaj avah bolon hoorondoo niileh yavdald, sanhyygiin talaas n zuvlogoo ugoh business. End, ih baga hemjeegeer (huvitsaa, busad ynet tsaasiig n hudaldaj avah zamaar) hurongo oruulalt hiih yavdal ch hamragdana; bas company hoorondiin yavdal ch bish, uls ch ali neg yilchlyylegch n baij bolno. Zuvlogoo hiine gedeg n, sanhyygiin tootsoo/zuvlogoo/yilchilgee; ug company-iin nyagtlan bodoh, huuli zyi bolon business yil ajillagaanii baidaliig nyagtlan shalgah (due diligence), teren deer yndeslej ireeduid yaj ajillaj, yamar yr ashigtai ajillah bololtsootoi ve gesen tald n shinjilgee hiin, edgeeriig byheld n hamarsan analiziin yndsen deer etsesiin yniig togtoon, M&A process-iig duusah hyrtel n yzyyleh yilchilgeeg helne. Ene yavtsad shaardlagatai bol, busad turliin jishee n nyagtlan bodohiin bolon huuliin firm-yyd bas business consulting firm-yydiig hulsolj, tsugtaa ajillah tohioldol ch tsuungui.

Odoo medeegeer sanhyygiin ertsontsiin huvid subprime-tai holbootoi har medeegeer dyyren baigaa ch, M&A business-iin huvid bol mash active baigaa, er n business-iin huvid peak-dee irj baigaa gej bichigdej baina. IB-iin firm-yydiin turol byriin business-iig hundlongoos n dygnej, rankilj medeeldeg Thomson-giin league table gej baidag. 2007 onii 3r ulirliin etses deh M&A league table-iin medee-g sonirhvol, ene active baidliig harj bolohoos gadna, sanhyygiin ertonts deh PE-giin ("hudaldan avah") power-iig ajiglaj bolno - ene 9 sard delhii deh niit M&A activity-iin 25% n, US-d bol 35% n, PE-tei holbogdoj baigaa gesen baina. M&A business-iin odoogiin dyr zurag iimerhyy baina.

Internet 100 Mbps...

2007-10-20T12:51:00.000-05:00

Uchigdorhonoos gertee internet taviulav. Japand shilen cabel-iin internet yilchilgeenyyd ih hyamdraad, heden jiliin umno mainstream baisan ADSL-ees barag yalgaagui ynetei bolchihson yum baina.

NTT-iin B FLET'S gej yilchilgee, sariin $40 orchimd, hurd n 100 Mbps (second-d 100 saya bit). ADSL 10 Mbps, mongol doh dial-up 50 Kbps orchim bolhoor, ADSL-ees 10 dahin hurdan, mongoliin dial-up-aas 2000 dahin hurdan bolj taarahn.

Friday night-d Tokyo-giin "6 mod" dyyregt huuchinii naizuudtaigaa jaahan shar airag uuj huuch huurov. Tend mongolchuud ortsgoodog 1-2 togtson bar-tai bolson yumuudaa, ochih byrt tanih bolon tanihgui mongolchuudtai taaralddag bolj...

Ikea

2007-10-07T11:18:00.000-05:00

7 saraas hoish uuriin oron gergui, uls damnaj heseg nyydellesenii etsest ungorson weekend-eer uuriin oromjtoi bolj, Tokyo-d sayahan neegdsen Ikea-giin delgyyrees tavilga tsugluulav. Eronhiidoo baraanii turol bolon yniin huvid amerikiintai oirhon sanagdav. Neg avuushtai tal n, galt teregnii buudlaas ih oirhon (minami-funabashi buudlaas alhaad 3 minut). Amerik-t bol hotiin tuvoos mashinaar 40 minut yavdag baisan...

Ikea ch japanchuudiin setgeld ih hyrj baigaa boltoi, baahan l hyn. Ikea eronhiidoo Starbucks Apple met shig "cult brand" mayagiin firm bolhoor, Japanchuudad nileen tohiroh n argagui sanagdav... Business talaas n Ikea-g sonirhvol, business week-d deehne garsan ene article sonirholtoi sanagdaj magadagui. Baraanuudiih n sodon nernii zarim n, Norvegiin hotuud, tsetseg urgamal metees garaltai yum baina.

IB industry-giin "har tsagaan"

2007-10-06T09:26:00.000-05:00

Unoodor IB industry-giin "har bolon tsagaan" taliin tuhai, end tendehiin news-ees evluuleed tovchihon.

Amerikiin business, finance chiglel sonirhson oyutnuud, IB bolon busad holbogdoh turliin finance career huuhiig zorih handlaga ih baidag, mun tedgeer ajilaas olj boloh mungon bolon mungon bus benefit-iin tuhai, umno hed heden udaa durdsan. (jishee n 1, 2, 3) Wall Street-iin ajilchid, erdiin tsalingiinhaa deerees jiliin etsest avdag fat bonusiin hemjee, 2006 ond dundajaar $137,000 orchim baisan boltoi (source end). Top IB-iin neg boloh Goldman-iin ungorson jiliin bonus, neg hynd dundajaar $622,000 nogdson news garj hymyysiig tsochirduulsan yavdal ch sayahan garsan. Iim "tsagaan" taliig n l zuvhon harval, IB industry deh career n ih attractive haragdaj bolno.

Esregeeree, "har" tal n neg ih hymyyst medegddeggui baij magadgui. Olon tsagiin noir hoolgui ajil, ih pressure and stress... Tyynii deerees sanhyygiin zah zeel bolon eronhii ediin zasagiin uruu baidal, uuriin ajil amidrald shuud nuloolno. 8 sard NY-d baihad shinj temdeg n il garj ehelsen sub-prime-iin asuudal, IB industry-d medegdehuits nuloogoo yzyyleed ehellee. Genetiin tomoohon ajilaas halalt (massive layoff) id yrgeljilj baina. Lehman 2000, Morgan 600, Bear Stearns 550, UBS 1500 in IB, Credit Suisse 320 in IB halah tuhai zarlagdaad baina. End link hiisen medeenees harval, Wall Street-iin neg hyn ajilgui bolohod, Manhattan-ii restaurant bolon shop metiin 2 hyn ajilgui boldog yum baih. Amerikiin hamgiin tom financial firm boloh Citi, ulirliin ashig n 60% buurna gej zarlasaniig harahad, end ch nileen ajil halalt garj ireh baih. Medeej, zuvhon NY-oor zogsohgui, London bolon Tokyo, Hongkong gesen tomoohon financial centers-d ene yavdal yrgeljilj baina.

Sayahan sonsson dam suragaar (herev ynen bol), negen IB-iin Tokyo office-d, ene zun MBA tugsoj shineer orson neg zaluug, Tokyo-d ajild orsonoos n guravhan honogiin daraa ajilaas n halsan yum baih. Mani zaluu US-iin top15 mba tugsood, NY-d sar training hiigeed Tokyo-doo butsaj irsenii daraah yavdal. Adilhan zyil, uuriin bied ch tohioldoj boloh bolhoor, ene industry career-iin huvid hichneen risk-teig medej bolno... Japan-ii tohoohon firm-yyded shineer avsan ajiltaniig heden honogt baitugai, jiliin dotor halah ch nileen hovor tohioldold tootsogdoh baih.

Oiriin heden doloo honogiin news-ees toimlovol, iimerhyy dyr zuragtai haragdaj baina...

Licensing exam

2007-09-26T08:19:00.000-05:00

"Ynet tsaas erhleh ajiltan"-ii shalgaltiig ugoj zohih baiguullagad n firm-eeree damjuulj byrtgyylen, ene chigleliin ajil erhleh huuli yosnii erhtei bolov. IBD-iin ajil erhlehiin tuld zaaval ene erhiig avah yostoi.

Shalgalt n, sanhyygiin yndsen oilgoltuudaas gadna, ynet tsaasnii hudaldaanii huuli bolon huvitsaat company-iin huuli met, huuli erh zyin chuhal oilgoltuudiig hyrtel hamarsan. Weekend-iin 2 honogoo byten zartsuulj beldehed, arai gej amjisan shahuu, hamrah hyree urgontei shalgalt yum baina. Amerik-d ijil turliin certificate/exam-iig series 7, 63 met nerledeg sanagdaj baina.

Friday-d ajiliinhaa analyst, associate-uudtai welcome party. Investment bank-d deed surguuli tugsoj dungoj orson banker-uudiig analyst gedeg, 3-4 jil ajillaad devshih yumuu esvel MBA tugsood ajillaj ehelsen banker-uud associate title-tai. Eronhiidoo analyst and associate n, IB-giin pyramid-iin hamgiin door hamtdaa "jargal zovlongoo huvaaltsdag" bolhoor, hoorondoo gaigui evtei byleg. Neg weekend iimerhyy "hetsuu" duuslaa.

Last chapter of MBA life blog

2007-09-16T09:54:00.000-05:00

Amerik dahi MBA oyutnii amidral duusaj, shineer corporate amidral ehelsen tul, MBA Life blog-iin bichlegiig eronhiid n duusgavar bolgohoor bolloo. Tsaashid haayadaa sard neg hoyor udaa tovch post hiij magadgui baih.

Blog-oor zochilj sonirhon, uram ugson byh hymyyst bayarlalaa!

巨大投資銀行 Bulge Bracket (下)

2007-09-15T09:17:00.000-05:00

Nomiin 2-doh heseg 巨大投資銀行 Bulge Bracket (下) -iig duusgav. 90-eed onii "bubble hagarah" ye-ees 2000 onii daraah ye hyrtelh japanii sanhyygiin ertontsiin zarim gol yil yavdaliig holbogduulj bichisen n sonirholtoi sanagdav. Nomiin ehen heseg yl yalig mergejiliin hellegtei bolhoor unshihad tyvegtei ch, tugsgol ryygee gol dyr K-iin yzel bodol, amidraliin zorilgo gesen taluudiig hundongoo yil yavdaliig urnyylsen n ih dajgui.

K zaluudaa japanii mega bankaas garj, amerikiin IB-d olon jil career huun nileen chuhal undorlogt hyrsen ch, etsestee hetsuu baidald orson japaniihaa bank sanhyygiin ertontsiig hul deer n bosgoh mission-d hutlogdon, dampuurah shahaj bui japanii tom bank ruu CEO-oor butsaj baigaagaar nom duusna...

Leaving NYC and US

2007-09-01T12:53:00.000-05:00

NY-iig orhij, Tokyo ruu hulgiin joloog ergyyllee.

NY-d syyliin oroi, Grand Central dotorh Michael Jordan's Steak House-d saihan mah idej, Meat Packing District-d neg hoyor club shagaij uursdiigoo ydetsgeev.

Links added

2007-08-31T12:28:00.000-05:00

Added few interesting "unusual" links.

NYT Dealbook tracks news and events on IB, PE, HF and VC industries. Daily updated.

DealMaven is a specialized company that offers financial analysis training for wall street firms. Its blog has a few good posts on finance careers and MBA admission as well. The portal also has nice links on its blogroll.

WallStreetOasis, formerly iBankingOasis, is entertaining portal for those students interested in IB/finance careers. Monkey Business must have inspired those characters like oasis and monkey on the portal.

Vault is a career guide company. Its forum is interesting. They also publish introductory level career guides - example 1, 2.

copy - gadaadad ajillaj amidrah...

2007-08-20T00:44:00.000-05:00

Gadaadad garj udaan ajillaj amidrah, yamar ch helbereer baisan gesen, amar zyil bish. Ene tuhai Dayar Mongol-d garsan dajgui tovch bichleg nydend urtsoniig end copy-dloo:
http://dayarmongol.origo.mn/index.php?option=com_content&task=view&id=1159&Itemid=1

Enentei holbootoi uur neg niitlel - Yaduu ornuudaas hugjiltei ornuud ryy "nyydellesen" migrant(tsagaachid)-uudiin ene global trend-iin tuhai, uchigdorhon AP-gees gargasan niitlel:
http://ca.news.yahoo.com/s/capress/070819/business/immigration_1

Migrant-uud gadaadaas eh orondoo yldsen geriinhen ryygee yavuuldag mungo n, tom hemjeenii underground economy ("dald ediin zasag") bolood baigaa yum baih. Jishee n, manai hursh Tajikstan-ii migrant-uudiin gadaadaas yavuuldag mungo n $1 billion ilyytei bugood, ulsiinhaa alban yosnii GDP (dotoodiin niit byteegdehyyn)-iig davaad garchihsan gene. Albania-giin hyn amiin 1/3 n gadagsh garchihsan genyy. Niitleliin tugsgold, Bosnia-giin negen uvgun emgen 2, "gadaadaas hyy mini mungo yavuuldaggui baisan bol, bid yhne" gej helseneer duusgasan n, ih bodit sanagdlaa...

NY-d shivree borootoi yl yalig seryyhen, zunii tugsgoliin shinj temdeg orj baih shig baina...

巨大投資銀行 Bulge Bracket (上)

2007-08-12T01:55:00.000-05:00

NY ryy niseh zamd garchiglaj ehelsen 巨大投資銀行 Bulge Bracket (上) iig unshij duusgav. 80~ ond japanii negen banknaas 37 nastaidaa amerikiin IB-ruu damjij, amerik bolon japand tomoohon deal-yyded oroltsoj yavsan gol dyr K-eer damjuulj, 80~ onii yeiin japan-ii sanhyygiin zah zeel deerhi amerikiin IB-uudiin yil ajillagaag tyyhchilj uguulsen nom.

IB-iin M&A, corporate finance-eer zogsohgui, sales&trading - arbitrage trading yil ajillagaanii tuhai ch dajgui taniltsuulsan sanagdsan. Bas nileen technical (mergejiliin) heseg ch mer ser orson n, ilyy sonirholtoi bolgoson sanagdlaa.

Bulge Bracket gedeg n, hamgiin tom ner hyndtei IB-uudiig nerledeg (alban yosnii bus) helleg:
http://en.wikipedia.org/wiki/Bulge_bracket

Met, Guggenheim

2007-08-11T01:26:00.000-05:00

Unoodor Manhattan-ii Upper East (central park-iin zyyn heseg) zyglej, Met buyu The Metropolitan Museum of Art, bas Guggenheim Museum ochij yzev. Met ch delhiin lut heden urlagiin museum-iin neg gesendee, yzeh yum ihtei dajgui gazar sanagdlaa. Guggenheim goyo architecture-tai, bas chamin tseverhen museum sanagdlaa.

Getel Manhattan-ii "uur hesegt" - wall street-iin sanhyygiin ertontsod ungorson hed honogt volatility (yniin uurchlolt) ogtsom ihsej, 2002 onoos hoish yrgeljilsen bull market udahgui tugsoj magadgui gesen "aidas mer ser ilren", wall street-tei holbogdoh hymyysiin huvid nileen stress ihtei honoguud bolj ungorj baina. Ene baidal hir udaan yrgeljilj, yamar baidlaar duusah yum, byy med...

NYC

2007-08-04T22:44:00.000-05:00

New York City-d irlee. Buudliin tsonhoor, Manhattan araliin baruunaar ursah Hudson river bolon Manhattan-ii urd yzyyriin wall street orchim haragdaj baina. Ene udaa sar orchim end baihn.

Monkey Business

2007-07-20T14:06:00.000-05:00

Herev IB-iin investment banking division-d focus hiisen, Liar's Poker-toi tustei mayagiin funny entertaining experience-book unshiya gevel, Monkey Business gej nom bii. Harvard Wharton tugsson 2 zaluu DLJ gej IB-d ajillaj baisan experience-eesee bichisen. End tendee hetryylge n arai l dendchihsen baij magadgui...

Liar's Poker

2007-07-20T07:25:00.000-05:00

Liar's Poker-iig unshiv. IB chigleld ajillahiig sonirhogch MBA bolon undergraduate oyutanuudad, must-read book-iin neg gej "alban yosnii busaar" sanal bolgogddog nom.

1980-aad ond Wall Street-iin ner hyndtei IB boloh Salomon Brothers-d bond salesman-eer ajillaj baisan zaluu uuriin experience-ees sonirholtoigoor bas ineedteigeer hyyrnesen nom. IB-iin sales and trading-iin yil ajillagaa bolon, sanhyygiin zah zeel deer tomoohon IB-guud yaj "toglodog" tuhai delgerengui bichij, IB dotorhi "culture"-iig ch nydend yzegdeheer ilerhiilsen sanagdsan. Mun tuhain yed id hychee avj baisan Salomon Brothers-iin tyyhiin neg hesegiig taniltsuulsanaas gadna, mortgage-based security bolon junk-bond gesen 80-aad onii sanhyygiin zah zeel deh tom trend-iin tuhai ch dajgui ogyylsen sanagdav.

Nomiin ehen hesegt, Amerik-iin elite college-iin oyutanuud IB-d ajild orohoor temyyldeg handlaga 80-aad ond id ehelj baisan tuhai jisheetei bichisen baih yum: First Boston gej gants IB-d l gehed, Yale tugsoj baisan neg jiliin 1300-gaad oyutanii 40% n apply hiij baisan yum baih. Amerikt ene elite college-> top MBA-> IB/MC/HF/PE(*)-> "top of the world"? gesen career path-iig zoridog handlaga, finance bolon business sonirhdog oyutanuud dund odoo ch saaraagui baij magadgui.

Iim career path-tai heden sonirholtoi het extreme jishee gevel,
Blackstone-iin zahiral Schwarzman: Yale-> DLJ(IB)-> Harvard MBA-> Lehman(IB)-> Blackstone(PE) yysgegch-> zahiral
Eronhiilogch-d ner devshigch Romney: Harvard MBA-> BCG(MC)->Bain(MC)-> Bain Capital(PE) yysgegch-> zahiral->MA mujiin zahiragch
Sangiin said Paulson: Dartmouth-> Harvard MBA-> Goldman(IB)-> zahiral->government

Yynees gadna olon tom HF-iin manager-uudiin resume n, deerh career path-tai tustei baih baih... Medeej, ene path ruu orood, normal business person amidraltai hyn, bas amjilt ololgui esvel hazaigaad uur yum hiideg hyn ch ih baigaa baih.

Salomon Brothers n, odoo Citigroup-iin neg heseg bugood Wall Street-iin hychirheg firm-iin neg status-aa odoo ch aldaagui baigaa. Harin nomd bichigdsen shig aggressive style n baihgui bolood, culture-iin huvid busad IB-uudtai adilhan bolson baih. Citigroup-iin sales&trading-d yutai ch sayahan orson neg mongol ajillaj baih yostoi...

* tovchloluudiin tuhai endees:
http://mnglmba.blogspot.com/2006/12/careers-after-mba.html

外資ファンド利回り20%超のからくり

2007-07-11T03:42:00.000-05:00

外資ファンド利回り20%超のからくり gesen nomiig Tokyo hyrtelh ongotsond garchiglav. Buyout fund, real-estate investment fund, hedge fund gesen fund-uudiin tuhai, yil ajillagaaniih n tuhai oilgomjtoi tailbarlahiig oroldson nom yum baina. Finance chigleld ajilladag hynd bish, finance bolon fund-iin tuhai sonirhson undergraduate oyutanuud bolon businessman-uuded zoriulj bichigdsen sanagdlaa.

Syyliin jilyyded Japan-ii sanhyygiin zah zeeld tohioldson, fund-tai holbogdoh hed heden chuhal yil yavdaliig jisheelj durdsan baisan n sonirholtoi sanagdav: bubble-iin daraagaarh hyamdarsan real-estate/golf-course-uud ruu hiisen fund-uudiin investment, nippon-housou-toi holbogdson deal, shinsei-bank-iig bosgoson buyout fund-iin investment geh met.

Sayonara student life

2007-07-09T03:40:00.000-05:00

2 jil MBA-d surj amidarsan hotoosoo, Amerik-aas nislee.

Surguuliin hoyor jil harvasan sum shig ungorson sanagdlaa. Yoronhiidoo 1r kurs-tee internship hiih gazar shiidegdeh yed negdeh "tom davaag davaad", 2r kurs-tee tugsoh ajil shiidegdeh yed hoyordoh "tom davaag davsan" sanagdaj baina. Ternees hoish tugsoh hyrtel hagas jil, "uul uruudsan" shinjtei tsag hugatsaa ungorj.

Surguuliin hajuud ch, downtown-d ch amidarj yzlee. Amidrah orchin tes ondoo, hoyor uur yanziin amidraliig experience hiisen baina.

Yoronhiidoo, shine zyiliig harj sonsson setgel hangaluun hoyor jil, bas "investment" bailaa.

Sayonara MBA life!

,bas udahgui

Hello Corporate World
boloh n...

Zunii amralt

2007-07-03T20:40:00.001-05:00

7 sard, Japan bolon Mongold harij amrahaar bolov. Oyutanii amidraliin syyliin amraltiig, japand amttai sushi&sake, mongold amttai "airag' uuj ungoryylj chadahnuu ugui yu...

Moving

2007-07-02T20:26:00.000-05:00

Endeesee nyyh beltgeliin yadargaatai ajil ehlev. Huuchin hogshiloo zarah gej yadargaatai ajiliig, minii bairand daraa oroh hynd buunoor n hyamd ugsonoor, biend amar nugalj duusgav. Neg jil unasan huuchin honda civic-ee, myangahan $ hyamd yneer, zaraa tavisanaas 7 honogiin dotor zarsan n "tom amjilt" bolloo...

"Zunii daalgavar"

2007-07-01T20:15:00.000-05:00

Graduation ceremony-giin daraagaar hed honog amarsanii daraa, sayahnaas "zunii daalgavar"-aa hiij ehlev. 8 saraas ajillah firm-ees, zun bie daaj hii gej ugson "zunii daalgazar"-iin material. 3 material-iin negiig n ongoilgood hartal, shaardagdah tsag n 60 tsag gej baina. "Daalgavar"-aa hiihyy, amarj "toglohuu" gedeg "suragchiin dilemma"-tai zun baih boltoi...

Graduation

2007-06-12T22:43:00.000-05:00

Syyliin ulirliin shalgalt project duusaj, tugsoltiin bayar bolj ungorloo. Tugsoltiin bayar yoronhiidoo zygeer bolov. Certificate gardaj avah yoslol, zalguulaad tugsogchid bolon family/zochidod zoriulsan hyleen avalt bolj ungorov. Tugsoltiin bayart yg helsen hymyysiin - neg n strategy-iin hicheeliin bagsh, nugooh n gadniin zochin - yaria ih dajgui bailaa.

Tugsoltiin umnoh udort, family/zochidod zoriulj, zarim bagsh nariin model class (bidend zaadag hicheeliig, aguulgiig n baga zereg hyalbarchilsan hicheel) zohion baiguulsan n, zochidod ih sonirholtoi baih shig bailaa. Bas zochidod zoriulj, downtown-iin neg hoteld zohion baiguulsan hyleen avalt ch zygeer bolj ungorov.

Odoo ingeed, 8 sard ajil ehleh hyrtel, udaan hyleesen zunii amralt...

Blues concert

2007-06-09T20:00:00.000-05:00

Park-d bolson blues concert ochij sonirhov.

Yo-Yo Ma concert

2007-06-05T22:45:00.000-05:00

Zun bolood, geriin oirhon park-d concert-uud boldog uliral ehellee. Unoodor Yo-Yo Ma gej cellist oroltsoson concert sonirhochood irev. Yaligui hyiten baisan ch bagagui hyn tsuglaj. Hicheeliin huvid, odoo ulirliin etsesiin shalgaltiin week...

Zunii turh

2007-05-29T00:22:00.000-05:00

5 sariin 28nii Memorial Day-giin bayar ungorood, endehiin amidral zuniihaa turhond orj ehelj baina. Zarim amerikchuudiin weekend usan deer l ungorj baih shig baina.

The Pursuit of Happyness - Londond negen mongol

2007-05-26T21:12:00.000-05:00

Mongol medee unshij yavaad, sanamsarguigeer, Londond ajillah negen syrhii mongol zaluugiin tuhai bichleg unshisan tul end copy-dov.

"Londongiin city-d odogoor TOP job-d 3 Mongol Ajilaj Baigaa. Mizuho grouped- Senior Dealer and Head of the Treasury Department- Ul*** baigaa... ... ... Edgeer zaluus Mongoliin money idej gadaadad amidarj baigagui, har ajil hiij baigagui. Uursdigaa surtachilj PR hiij baigagui. Gantshan Tolgoigoroo ajilaj odoo bugdingiinhan orlogon jildee hagas saya pound or euro shuu dee. Bonus oruulbal barag saya hureh baih shuu gehdee Ul*** last year bonusan 1.3 saya Pound bolson doo. City-d ajiladag Mongolchuudin TOP hundee.Tsaadah chin hoer jiliin umnu Erdenet ochij usuj tursun huuhdin asran humujuuleh gazartaa 120 myangan $ handivlasan yum bilee."

"Za yahav udaan bodsonii etsest Ul*** talaar bicheye gej bodloo. Yagaad gevel bi ter huuner unen baharhdag yum. Ul*** 39 jiliin umnu Uvurkhangai aimgiin hujirt sumand tursun yum bilee, 6 sartai baih dan aavan zudiin uer osgoj uhsen yum bilee tegeed eej taigee tsug 2 nastai baihdaa Erdenet hotod irsen yum. Haramsaltain 3 nastai baihadan eejen Erdenet uildvert aavaraas bolj burhan bolson yum. Baga nasaa ter chigeren huuhdin asran humujuleh gazart unguruj hentii aimgiin heliin zastavt 2 jil alba haasan gesen. Daraan erdenet uildvert mehanigchaar ajilaj baihdaa UB-d Yaponii tsasgiin gazriin tetgelegt shalgalt uguud tentsej Tokyo- hotod baih Waseda giin ikh surguild bank sankhuugin chegleler Bachelor hiisen yum daa. Waseda-d surj baihdaa money olohiin tuld nutag negt mongolchuudin adil aya ugaaj sonin taraaj amidarch baih uedee Yaponii top bank boloh Mizuho Corporate Bankind internship hiih bolomj oldson yum bilee tegeedl odoo Boltol mizuho grouped ajilaj bain daa. Mizuho grouped ajilaj baih daa Company haa zardlaar Anglid baih Aberdeen Universy-d MBA hiisen gesen daraan Tokyo-doo butsaj ireed Bankindaa ajilaj baihdan London-dah salbaryn Treasury Departmentiin udirdulahaar yavulsan yum bilee. tend ajilaj baihdaa odogiin Ehner *** (Japan Airlines ajiladag) tai taniltsaj gurvan jiliin daraan Kyoto-d hurimaa hiisen gesen. Ul***iin neg helsen yum tolgoinoos erosoo gardagui yum yuu gevel Erdenet ees UB-d Yaponii elchingiin shalgalt uguhiin tuld Nursnii vagon deer tulaichilj irsen yum bilee Harim odoo London-Tokyo hoorond Bankniihaa top managementei ga tsug private jet aar nisej baihav dee. Ingeed bodohleer hun eron tolgoigoo sain ajillulbal Mash hurdan amjiltand hurdeg yum bilee. Bas tsadah chin Gantsardahiin zovlong sain medne yuu gevel Waseda-g tugsuj baihdah hench bayar hurgeye gej baigagui, yamarch hamatan sadan baihgui, eej aav iren gej baihgui uneheer setgel uvdmuur yum bilee. Bas neg yum yuu gevel Waseda-d sur baihdaa mani nuhur Mongoliin Sangiin Yamand oroh gesen chin oruulagui yum bilee Bidnii tsoohon Mongolchuud iim shildeg bolson kadruuda ad uzej hahuuli ugsun idsen ulsuuda teeshen gargaj baidag unen haramsmaar. Nursnii vagond tulaichilj baisan hun odoo TOP bamkind top ajil hiij bain gej bodohoor unen baharhmaar baigaa bizdee. Yahav heden mongolchuud atarhaj bolno, muu helj bolno gehdee Banknii salbart ajildag bid nart Ul*** bol Mr. Hero yum ."

Doorhi medeenii comment buland original n bii, ulam lavshruulj sonirhomoor bol bichisen hynees n:
http://www.mongolnews.info/index.php?module=unuudur&sec=view&id=18077

The Pursuit of Happyness

2007-05-26T20:16:00.000-05:00

Sayahan Will Smith-iin "The Pursuit of Happyness"-iig yzev. Sedev n originality bagatai jiriin "cinderella story" ch, bodit story deer tulguurlasanaas gadna Will Smith togloson bolhoor arai sonirholtoi bolj. Tovchihondoo, yaduu zovj baisan gol dyr n uuriin avyas hychin zytgeleeree brokerage firm Dean Witter-d ajild orj amjiltand hyrj baigaa tuhai. Amerik bolon busad hugjison (developed) capitalist ulsuud, neg talaasaa "hychtei n hychguigee barij iddeg" hahir systemtei haragddag ch, nugoo talaasaa hynd avyas chadvar, tuushitai hychin zytgel baival garal yyslees hamaaguigeer amjiltand hyreh bololtsoogoor niigem n hangaj ugson baidagiig yzyylsen yum baina.

Dashramd ene Dean Witter n unoodor delhiin hamgiin ner hyndtei investment bank (IB)-iin neg boloh Morgan Stanley-giin neg heseg bugood, Morgan Stanley-giin odoogiin CEO J. Mack-iinh n namtriig, setgyyl unshij baigaad sonirhtol, deerh movie-iin story-toi jaahan tustei namtar sanagdlaa. J. Mack-iin geriinhen Lebanon-oos tsagaachilj irsen bugood, aav n delgyyr ajilluuldag hyn baisan yum baina. Mack ner hyndtei Duke univ.-d suraltsaj tugsood, ene firm-dee orj odoogiin undorlogt hyrsen yum baina.

"Mack's passion has served him well on his unlikely Wall Street odyssey. The sixth son of Lebanese immigrants whose father ran a grocery store in Mooresville, N.C., Mack's first job in finance was as a clerk at a small brokerage during his junior year at Duke, after a cracked vertebra made it impossible for him to continue on his football scholarship. Mack rose through Morgan Stanley's ranks to become president in 1993."
(Ene article-aas copy-dov)

Morgan Stanley n busad ner hyndtei IB-iin adilaar, ajild orohod bolon ajillaj amjilt gargahad mash ursoldoontei firm, deerees n minority hyn haritsangui tsuutei baisan gegddeg bolhoor, J. Mack-iin amidral Will Smith-iin dyr hoyort tustei tal haragdlaa. Morgan Stanley-giin nulootei holbootoi nemelt sonirholtoi news gevel, Morgan Stanley-giin bagagui hurongo oruulsan negen hariltsaat hedge fund-d Amerikiin umnoh yoronhiilogchiin ohin ajilladag gej baisan...

Hicheeliin guest - FoF manager

2007-05-21T23:18:00.000-05:00

Unoodoriin hicheeliin zochin n, negen IB-iin Fund of Funds(FoF) group-d manager hiideg, MBA 6 jiliin umno tugsson zaluu. FoF n bank-niihaa hurongiig, turol byriin fund-uudad investment(hurongo oruulalt) hiij ergeldyyleh yil ajillagaa yavuuldag group. Ene zaluu heden jil investment banking division-d ajillasaniihaa daraagaar ene FoF group-d shiljsen; niitgee $3 billion orchimiin investment hariutsdag yum baina.

Investment hiih fund-uudiig songoh shalgah yed anhaarah zyil, investment strategy bolon performance assessment-iig yaj hiih ve geh met sonirholtoi sedevtei yaria bolloo. Soninoos, ene IB-iin investment management division-iig n yoronhiilogch B-iin cousin n tolgoildog yum baih (news-ees).

BBQ

2007-05-20T22:52:00.000-05:00

Tugsoh oirtson bolhoor, oyutnuud niilj tsuglarah n nileen ihsej baina. Unoodor neg naiziindaa tsuglarj, barbecue party hiitsgeev. T-bone steak uursdoo gal deer sharj ideh ch "mahchin" nadad ih dajgui bailaa.

Tugsoltiin bayariin speaker

2007-05-14T15:50:00.000-05:00

Amerikt MBA program-uudiin tugsoltiin uliral irj baina. Surguuliud golchlon uursodiin tugsogchidoos, tugsoltiin bayartaa speaker-eer urij yaria hiilgyyldeg. Ene jiliin speakers-uud todorj baigaa yum baina:

Harvard: B. Gates
Wharton: L. Mittal - India garaltai tumriin tom firm Mittal-iig zalgamjlagch, surguulia tugsood heseg Credit Suisse-t ajillaj baisan.
Columbia: R. Rubin - umnoh sangiin said, Goldman Sachs-d zahiral(executive) baisan, odoo Citigroup-d.
Chicago: R. Altman - Evercore IB-iin chairman, umno n Blackstone bolon Lehman-d zahiral(executive), mun sangiin yamd baisan.
Kellogg: W. Perez - Chicago-d tuvtei Wrigley-iin zahiral

Todorhoi sonirhvol, WSJ-iin medee ryy.

Hicheeliin guest - IBanker, PE fund zahiral

2007-05-09T00:43:00.000-05:00

PE hicheeliin bagsh daraa daraagiin guest-uudiig hicheeldee urisaar.
Sayahan, hicheel deer yzsen buyout case-tei holbogdson IB-iin MD (ahlah banker) irsenees gadna, unoodoriin India dahi hurongo oruulaltiin tuhai case-tei holbogdson PE fund-iin zahiral bas hicheeld oroltsloo. Tyynii yariagaar, India-giin IT bolon ediin zasag hugjihtei zeregtseegeer, Amerik/Evrop mayagiin sanhyygiin tomoohon hurongo oruulalt ch baga bagaar ihsej baigaa yum baih.

Mike Milken

2007-05-08T00:24:00.000-05:00

1980~ ond junk bond, high yield bond-iig sanhyygiin ertontsod gargaj irsen gegddeg, sanhyygiin ertontsiin bas neg duuliantai hyn boloh "Junk Bond King" hochit Mike Milken surguuli deer irj yaria hiiv. Yarianiih n umnoh ygiig, nobeliin shagnalt Gary Becker helehiig harahad, Milken n bagagui nulootei hyn boltoi.

Ydelt

2007-05-06T00:36:00.000-05:00

Uchigdor, neg oyutnii group-iin tugsoh oyutnuudiin ydeltiin dinner-t ochichood irev. Chinatown-d hoollood, shuno n uur neg classmate-iindee yrgeljluulev. Classmates bagsh nariin onigoonuudiig jaahan dursatsgaav.

2 jiliin MBA-giin dursamjiin tuhai yarian deer, neg sonirholtoi yaria sonsson n: Neg classmate maani delhiin hamgiin bayan 2 hyntei uulzaj tsug hoolloj zurgaa avhuulsan yum baina. (bayachuudiin list:)
http://www.forbes.com/lists/2007/10/07billionaires_The-Worlds-Billionaires_Rank.html

Ter ungorson zun Microsoft-d intern-eer ajillaj baihdaa, busad intern-uudiin hamt Bill Gates-iin gert zochiloh event-d ochih zavshaan baisan yum baih. Warren Buffett-tai bolhoor, surguuliin bas negen oyutnii group-iin zohioson, Buffett-tai uulzaj tsug hool ideh event-d ochih yed. Event-d ochison zuu ilyytei oyutantai bygdtei n Buffett zurag avhuulsan yum baih. Ene yariag sonssonii daraa, tiish yavdag ch baijuu gej haramsah duhloo... Er n hicheel surguuliin huvid, olon talaaraa tugsgol ryygee duhoj baih shig baina...

Lunch time

2007-05-03T00:31:00.000-05:00

Ene doloo honogiin udoriin hoolnii tsaguud bas jijighen event-yydtei ungorloo.

Monday: Tokyo-giin negen executive search firm (ajiliin zuuchlal hiideg firm)-iin hyn irj, US MBA tugsogchidiin Japan dahi ajiliin zah zeeliin tuhai yariv. Japan-ii ediin zasgiin buyand, gaiguihen MBA tugsogchidiin erelt heregtsee nileen dajgui tyvshind baigaa yum baih.

Wednesday: Banc of America-iin Derivative Sales hariutsasan dargiin, equity (=huvitsaa) derivative-iin tuhai yaria. Equity-tei holbootoigoor, derivative dundaas, option-ii trading nileen ih yavadgddag boltoi.

Thursday: MBA-d namaraas apply hiih tulovlogootei, tegeed surguuli yzeh gej Tokyo-goos irsen 2 applicant-tai lunch idej huuch huurov. Zuvhon surguuli yzeh gej irdeg hymyys baidag ch, bas visit hiij admission (elseltiin) office bolon oyutnuudtai irj uulzasanaar, surguuli-aas accept avah chance-aa undorsgoh zorilgotoi ch hymyys baidag. Amerikchuud nileen visit hiidegees gadna, gadaadaas Japan geh met "tansag" orniihon mer ser, bas oirhon bolhoor latin amerik-aas haaya irj haragddag.

Harin Tuesday-giin, "morinii uraldaand bootsoo tavih"-tai holbootoi negen yariand ochij chadsangui. Udahgui boloh Kentucky Derby morinii uraldaantai holbogduulj, oyutnii "risk & gaming club"-ees zohion baiguulsan, magadlal statistics zaadag negen bagshiin yaria... Hicheel talaas, unoodor mid-term (ulirliin dundah shalgalt) duusaj, tsaashaa 5 weeks-iin hicheel l yldlee...

Symphony orchestra concert

2007-04-28T00:43:00.000-05:00

Oroi hotiin symphony orchestra-iin concert ochij sonschood irev. Mozart-iin no.9, no.27 piano concert bas Haydn-iin no.96 geech n yum baih. Namuuhan dajgui ayanuud sanagdlaa. Huvidaa hamgiin ehend n tovchihon togloson Bach-iin Air from suite no.3 geechid jaahan "uyarav". Oyutnii hyamd bilet baisan bolhoor, balcony geed undor bairlaltai hol suudal baisan n jaahan tiimerhyy bailaa.

Myron Scholes dahiad

2007-04-27T00:22:00.000-05:00

97 onii Nobel-iin ediin zasgiin shagnalt Myron Scholes ene jil dahin surguuli deer irj, MBA oyutnuudad zoriulj yaria hiilee. Nodnin irsen tuhai bichleg:
http://mnglmba.blogspot.com/2006/02/nobel-iin-shagnalt-myron-scholes-iin.html

Odoogoor negen HF-iin chairman, uur heden fund-d director hiideg yum baina, bas Stanford-doo bagshilahgui baigaa ch "suudaltai" heveeree boltoi. Neg sonirholtoi n, uchigdorhon blog-too hicheeltei holbogduulj durdsan DFA gej fund-d bas director yum baina.

Sedev n tovchihondoo sanhyygiin zah zeel-iin tuhai, bas uuriinh n odoogiin HF-iinh n strategy-iin tuhai. Zarim hesegiig n sain oilgoogui ch, nodning bodohod "finance-iin ygiin san" maani yl yalig deeshilsen bolhoor eronhiidoo sonsohod sonirholtoi bailaa.

"Masters of the New Universe" dahiad - HF

2007-04-26T03:00:00.000-05:00

Uchigdorhon, amerik-iin capitalism mun sanhyygiin "shine ertontsiin masteruud"-iin neg gej zarimdaa helegdeh tomoohon Hedge Fund (HF*)-uudiin tuhai medee garj. Hamgiin ih "orlogo"-toi baisan top HF manageruudiin tuhai:
http://news.yahoo.com/s/nm/20070424/bs_nm/hedge_megasalaries_dc

http://www.nytimes.com/2007/04/24/business/24hedge.html?em&ex=1177732800&en=0f3c22f9019edeca&ei=5087%0A

Top 3 manager-iin tus byriinh n nodningiin "tsalin" n $1 billion davaad yavaad ugj... Ene hemjeenii dalaitsiig zyirlevel: ene 3 hynii tsalin niileed, gar utasnii delhiin hamgiin tom firm Nokia esvel Motorola-giin jiliin ashigiig barag davhaar shahuu gesen yg. Mongol ulsiin alban yosnii GDP $1.5 billion orchim gedegtei haritsuulj harj bas bolno.

Uur sonirholtoi zyil n, ene list-iin 1t bichigdsen James Simons geech n,
http://en.wikipedia.org/wiki/James_Harris_Simons
"mergejiliin sanhyych" bish, mathematics-iin PhD-tei, erdemten bagshiin ajil umno n hiij baisan yum baina. Ugaasaa firm n math, physics-iin PhD-eer dyyren gej deer bas unshisan sanagdaj baina. Mathematics geh met suuri shinjleh uhaanii medleg chadvariig mash olon salbart hereglej bolohiin neg sonirholtoi jishee yumuu gej sanagdlaa. Uur neg sonirhol tatsan zyil gevel, ene 25 hynii list-nd dungoj 32tai zaluu ch baih yum.

Amerik-iin edgeer "shine masteruud"-uud ene ih mungooroo yne tsenetei art-iin hobby ruu orj "mungoo yreh"-ees gadna, zarim n hurongoniihoo bagagui hesegiig niigmiin sain saihnii tuloo philanthropist yil ajillagaand handivlatsgaadag n ih zygeer sanagddag. Jishee n ene listiin 2t baigaa Ken Griffin n, manai hotiin art museum bolon symphony orchestra-iin hamgiin tom donor-uudiin neg bugood, ternii handivaar zun niited zoriulj tuv park-t boldog symphony orchestra-iin concert-iig bi hyrtel 2 jiliin umno hyleej baij yzsen tyyhtei. Bas David Tepper gej 9d bichigdsen hyn hedhen jiliin umno Carnegie Mellon-ii MBA-d $50 million ilyyteig handivlaj, tendehiin MBA-g Tepper MBA gej nerlesen tyyhtei, geh met.

* holbogdoh uur post:
http://mnglmba.blogspot.com/2007/01/hedge-fund-iin-seminar.html

Value effect of stock - DFA case backtesting

2007-04-26T02:03:00.000-05:00

Ene udaa Portfolio Management hicheeliin talaar. Finance taliin baga zereg mergejiliin zyiliig bichih tul, zalhuuraad ihenhi yg hellegiinh n tailbariig hiihguigeer shiidlee. Uuroor helbel, ene sedev sonirholgui bol unshihgui n zygeer; herev unshaad oilgomjgui sanagdval baga zemleerei...

Eronhiidoo ene hicheel n, stock market investing-tei holbogdoh yndsen chuhal oilgolt/onoluudiig zaahaas gadna, tedgeeriig bodit stock market data deer, matlab programchlaliig ashiglan shalgaj yzeh mayagaar yavagddag, onol-practik hosolson hicheel. Stock market data-aar damjuulj yamarvaa onol/investment strategy-iig ingej shalgah process-iig backtesting gej nerlene.

Ungorson hicheel deer, DFA gej 81 ond baiguulagdsan mutual fund-iin strategy-iin tuhai yzej backtesting hiiv. Ene firm-iin strategy n value stock-d anhaarsan, nen yalanguya Fama, French hemeeh 2 professor-iin 90-eed ond gargasan stock-iin value effect-iin tuhai shinjilgeenii ajiliin yr dyng garsan tsagaas n tylhyy ashiglasan ontslogtoi. Backtesting-iin yr dyngeer, investment strategy n yneheer "ashigtai" ajillaj baigaag oyutnuud uursdoo harj oilgon, "bid ch gesen ter yed ingej ajillasan bol bayajij boloh baisan baina" gesen "huuramch bayar" turyyleh shahah n ene hicheeliin sonirholtoi tal n... Medeej hereg odoogiin stock market-iin efficiency deeshilsen tul, her bargiin professional bish l bol, ashig oloh n amargui davaa gedegiig bygd oilgoj baigaa ch...

Yutai ch, DFA n Fama, French-iin ene ajil deer tulguurlaj ehleed amjilttai yavj, 2002 onii baidlaar $35 billion-ii ergyyleh hurongoteigeer (Asset Under Management) delhiid ehnii 100 dotroo jagsah tyvshind ochison yum baina. Dashramd hamgiin deer bicheestei n, $1 trillion ergeldyylegch "giant" Fidelity.

Hicheeliin guest - PE partner

2007-04-25T01:42:00.000-05:00

Entrepreneurial Finance and PE hicheel deer, VC financing (sanhyyjilt)-tai holbootoi heseg duusav. Hed heden shineer bosoh ye-iin firm-iin business plan-tai taniltsaj, VC-ees sanhyyjilt hiih yeiin nuhtsol/geree (term sheet)-iin analysis-iig hyrtel hamarsan sonirholtoi topics-uud bailaa.

Ene doloo honogoos, Leveraged BuyOut (LBO) buyu "PE firm n zeel sanhyygiin mechanism-iig ashiglaj uur firm-iig hudaldaj avah"* process bolon tyynii sanhyygiin ynelgeenii tuhai yzej ehlev. Syyliin 2 hicheel deer yzsen negen buyout-iin case-tei holbogdoj, unoodoriin hicheel deer ug buyout-iig gardaj hiisen buyout PE fund-iin yysgegch partner zochin-oor irj, mun yr ugoojtei negen hicheel bailaa.

*LBO-iin todorhoiloltiig mongolchlohod heterhii mahchilsan tul, oilgomj muutai baival urshoogeerei... Tovch mongol tailbar oldvol syyld zalruulaya.

Avangard zurgiin yzesgelen

2007-04-19T02:46:00.000-05:00

Hotiin urlagiin museum-d, Avant-Garde (=avangard?) chigleliin heden zuraachdiin byteeliin yzesgelen garsan baisaniig ochij sonirhochood irev. Cézanne, Picasso, Van Gogh, Paul Gauguin, Matisse gesen zuraachidiin byteelyyd. Uvormots zurguud shig sanagdlaa. Ene yzesgelengiin zurguudiig, NY-iin metropolitan museum of art, Chicago-iin art institute, Paris-iin 2 museum-ees tsugluulj, end negtgej yzyylj baigaa yum baih.

Hicheeliin guest - Entrepreneur

2007-04-16T02:25:00.000-05:00

Unoodoriin Entrepreneurial Finance and PE-giin hicheel bas zochintoi sonirholtoi ungorloo. Ene udaa, 96 ond 4 zaluu hamtarj dungoj baiguulsan telecommunication chigleliin company n, VC-ees hurongo oruulalt/sanhyyjilt avah ye-iin tuhai. Zochin maani ter zaluusiin neg, manai MBAgiin tugsogch. Business plan-iig n sudalj, ene company-d VC hurongo oruulalt hiih n ashigtai yu ugui yu, hiih bolbol yamar baidlaar hiivel zygeer talaarh case.

Discussion yoronhiidoo oyutnuud hurongo oruulah eseh talaar bodol n huvaagdsan shinjtei bolson hicheeliin syyl havid, zochin maani asuult hariultand oroltsoj, tyyheesee yarij ugloo. Tyyh n, 96 ondoo sanhyyjilt n amjilttai yavagdaj $25 million-oor yil ajillagaagaa ehlen, 2000 ond $2 billion ynelgeetei (market capitalization) boltloo amjilttai yavan, tyynii daraahan dampuurahad hyrsen gesen adal yavdal ihtei story. Zochin maani harin "medremjtei" baisan boltoi, 2000 ond orgil yedee baihad n uuriinhoo huviig zaraad ajilaa bolij amjisan yum baina. Daraagaar n bas negen shine telecom taliin company-iig udirdaj sayahan tyyniigee uur negen company-d zaraad, hagas sariin umnoos daraagiin adal yavdalaa ehlyylsen yum baih. "Yasnii" entrepreneur (*) gej helj bolhoor.

Shineer "bosoj" bui business-iin talaar ynelgee hiihed, gaihamshigtai idea, shine technology, zah zeeliin zohih erelt heregtseegee "medersen baidal", chadvarlag naidvartai bag geh met olon hychin zyiliig bodoltsdog ch, ene udaagiin entrepreneur-iin amjilt n idea-gaas gadna execution (gyitsetgelt) ih chuhal baisan jishee gej sanagdlaa.

*Entrepreneur - "shineer business-iig sanaachilj ehlyylegch"

Violin concert

2007-04-07T02:15:00.000-05:00

Unoodor, hotiin symphony orchestra-iin heden hugjimchidiin concert sonschihood irev. Violin(hiil) golloson 5 hugjimchin Mendelssohn bolon Brahms gesen hynii byteeliig togloson concert. Songodog hugjimiin talaar "A ch baihgui" ch, dajgui concert bailaa.

Masters of the New Universe

2007-04-06T01:48:00.000-05:00

Oiriin 1-2 jiliin Amerikiin sanhyygiin ertontsond tom news bolj bui, heden arvan billion $-iin ynelgeetei firm-yydiig hudaldaj avsan (buyout) deal-yydtei holbootoi The New York Times-iin article-d sonirholtoi image baisan tul, end link-iig n:
Masters of the New Universe

Edgeer tom deal-yyded, hudaldaj avsan private equity firm-yyd bolon Wall Street-iin investment bank-uud, mun law firm-yyd yaj holbogdoj oroltsosoniig sonirholtoigoor yzyylj.

Hicheeliin guests - VC

2007-04-04T00:23:00.000-05:00

Entrepreneurial Finance and PE-giin hicheel deer 2 zochin irev. Ene udaagiin hicheel information security chigleld shineer baiguulagdaj bui negen company-g "huld n bosgohoor" 2 Venture Capital(VC) firm hurongo oruulah eseh talaar analysis hiin shiidver gargah gej bui 2001 onii yeiin case-iin discussion bailaa. 2 zochin maani ene case-d bichigdsen 2 VC-iinh, ene process-t oroltsoj case-d nereeree garsan 2 hyn baisan n case discussion-iig ulam sonirholtoi bolgov. Haayadaa l iimerhyy zochintoi case discussion taardag ch, case discussion-iig ilyy amid bolgoj, oyutnuudiin surah medeh motivation (setgel)-iig urgoson ih dajgui hicheel bolj ungorloo.

spring quarter starts

2007-04-02T01:56:00.000-05:00

MBA-iin syyliin uliraliin hicheel ehlev. Ene ulirald daraah 3 hicheeliig songoj avsan: Entrepreneurial Finance and Private Equity, Portfolio Management, Financial Risk Management.

Entrepreneurial Finance and Private Equity: ene dundaa hamgiin sonirholtoi baigaa n. Aguulga n "shineer bosoj bui" (entrepreneurial) firm-iin sanhyyjilt-iin tuhai. Firm-iig udirdaj bui management talaas n, mun ene chigleld hurongo oruulaltiin yil ajillagaa yavuulagch private equity - venture capital, buyout fund etc. - firm talaas n, etsest n ter private equity firm-yyded hurongo oruulagch talaas n tus tusad n anhaarsan, nileen urgon hyreetei hicheel. Professor n end zaahaas gadna, hed heden private equity firm-d board (udirdah zuvlol)-d suuj mun partner ("udirdlagiin neg") hiideg, ene chigleld nileen ajiliin turshilgatai, manai surguuli-d hamgiin popular bagshiin neg.

Portfolio Management: hurongiin zah zeeld hurongo ergeldyylj usgoh (investment management) yil ajillagaa, oilgoltuudtai holbogdoh hicheel. 7 honog byriin daalgavart bodit stock market-iin medeeleliig ugoj, Matlab deer program bichin, ter medeeleliig bolovsruulj analysis hiilgeh geh met, bas nileen sonirholtoi baigaa hicheel.

Financial Risk Management: umnoh ulirald avsan financial engineering hicheeliin yrgeljlel, turol byriin derivative-iig business, sanhyyd ashiglah tuhai.

Eronhiidoo syyliin uliraliin hicheelyyd bygd dajgui sonirholtoi baih boltoi. Harin ene udaa busad uliralaas ilyyteigeer, amidral zugaa tsengeld zoriulah tsagaa nileen aldaj taarah shinjtei n tiimerhyy...

Free top-class "education"

2007-03-28T02:16:00.000-05:00

Ogt yneguigeer delhiin top-class "education"-ees "hyrteh" bolomj, onoliin huvid bii. MIT-ees sanaachilga gargaj, hicheeliinhee zarim material-iig internet deer tavisan website:

MIT OpenCourseWare
http://ocw.mit.edu/index.html

MIT Sloan School of Management
http://ocw.mit.edu/OcwWeb/Sloan-School-of-Management/index.htm
MIT Economics
http://ocw.mit.edu/OcwWeb/Economics/index.htm
MIT Electrical Engineering and Computer Science
http://ocw.mit.edu/OcwWeb/Electrical-Engineering-and-Computer-Science/index.htm

Yutai ch, economics, business, engineering & science chigleleer delhiin shildeg surguuliin neg boloh MIT-d bagshaar n zaalgaj suraltsahgui ch, material-iinh n hesegiig yzeh saihan bolomj end baigaam baina. (Medeej angid bagshaar zaalgahtai adilguigeer, hereglehed tyvegtei zyil ch ih baij magadgui. Bi uuroo hereglej yzeegui bolhoor sain medehgui yum)

Amerik-t ynegui surah?

2007-03-28T02:04:00.000-05:00

Amerik-t ynegui surah tuhai, negen mongol busgui uuriin turshilgaas bichisen niitlel:
http://www.hamagmongol.net/readarticle.php?article_id=13

Eneniig sain dagaad murdvol, Amerik-t ynegui surj bolj ch magadgui yum...
Tehdee MBA bolon law school, medical school-d surah bol deerh niitleliin zuvlogoo barag hamaagui boloh baih. Er n bachelor-t surah, esvel engineering or science chigleleer graduate school-d surahiig hysegchided tohiroh medeelel shig sanagdsan (deer unshisan bolhoor nariin aguulgiig n sanahgui baina).

Web deer Amerikt suraltsah tuhai, mongol hel deerh medeelel niitlel olongui tul, heregtei hyndee sonirholtoi medeelel baij magadgui gej bodogdson.

10 honogt "MBA avah"

2007-03-28T01:41:00.000-05:00

10 honogt erdoo $20-oor "MBA avah" tuhai

, gevel arai hetryyleg bolno, tehdee MBA-d yzdeg hicheelyydiin tuhai tovchhon emhetgesen neg nomiin tuhai end taniltsuulgiig n:

"The Ten Day MBA"
http://www.amazon.com/Ten-Day-MBA-Step-step-Mastering/dp/0688137881

Virginia MBA tugsson hyn, unshihad evteigeer emhetgesen nom baisan. MBA-d ireeduid surahiig hyssen hyn bolon, serious bish ch, eronhiidoo yzdeg zyilyydiig n tovchhon haraad avah gesen hynd ih zohimjtoi nom.

holbogdoh post: MBA-d 2 jil surah zardal:
http://mnglmba.blogspot.com/2006/12/mba-giin-cost.html

MBA-giin nom material

2007-03-28T01:04:00.000-05:00

Blog-iin negen zochinoos "hicheeld hereglegddeg nom material-aas durdaj baival zygeer yumuu" gesen comment baisan bolhoor, ene tuhai temdeglie gej bodloo.

MBA-iin hicheeld heregledeg nom, busad material gevel:

1. Handout - Tuhain zaah hicheeliin aguulgiig emhetgej, bagshiin uuriinh n beldsen material. Ihevchilen hicheel byrt taraagddag. Zarim bagsh nar online-aar taraah n ch bii.

2. Coursepack - Hicheel-d hereglegdeh case(*1)-uudiig niilyylj havtaslasan package. Hicheeltei holbootoi turol byriin article, nomiin heseg metiig ch hamt oruulsan baih n olon. Zarimdaa deer durdsan, handout-iig ch coursepack bolgochihson baidag. Handout-aas yalgaatai n, hudaldaj avah yostoi...

3. Textbooks, related books
Ihenhi hicheeld turol byriin nom shaardlagatai gej zaagdsan baidag ch, deerh handout bolon coursepack 2-iig hereglehed hangalttai tohioldol tsuungui. Neg jishee gevel, uchigdorson avsan neg hicheeld hereglegdeh 2 coursepack niileed 880 huudas, 10 weeks hereglegdene; bygdiig n unshaad "shingeevel" tsaana n nomnii tsag shaardlaga nileen bagasaad irj taarna geh met...

Tehdee (heregtseeniih n tyvshin n adilgui ch) MBA-iin standard bolson textbooks bii. Jishee n, doorhi link-d Wharton, NYU MBA-iin nomnuudaas taniltsuulsan baina (link n holbogdohoo bolichihvol urshoogoorei):
http://www.amazon.com/gp/richpub/syltguides/fullview/20410PYJJNILA
http://www.amazon.com/gp/richpub/syltguides/fullview/219JQ9RUIG83

*1 holbogdoh post
http://mnglmba.blogspot.com/2006/12/mba-giin-hicheelyyd.html

Career taliin zarim ygyyd

2007-03-24T20:18:00.000-05:00

US-d MBA tugsogchidiin ajilladag zarim chiglel bolon firm-yydiig nerlesen helleg ygyydiig blog deeree hamaagui hereglej, anh unshij baigaa hynd unshij oilgohod tuvugtei baidal yysgesen baij magadgui tul, tailbar mayagiin link oruulahaar shiidev.

Investment Bank(IB), Hedge Fund(HF), Private Equity(PE) geh met sanhyygiin chiglelyyd bolon, Morgan Stanley, Credit Suisse geh met firmyyd yu hiidegtei holbootoi tovch tailbar doorhi bichlegt bii:
http://mnglmba.blogspot.com/2006/12/careers-after-mba.html
http://mnglmba.blogspot.com/2006/12/100-companies-mba-students-most-like-to.html

Edgeer chiglel, firm-yydiin yilchlyylegchid n ihenhi n huvi hymyys bish, turul byriin corporation-uud bolon zarim zasgiin gazar/holbogdoh baiguullaguud, hurungotei hymyys baidag, mun jiriin sonin hevlel TVeer reklam hiideggui uchir, ihenhi neryyd n erdiin hymyys ogt duulaagui ners baij taardag.

Las Vegas, Denver- Copper Mountains

2007-03-23T21:55:00.000-05:00

(Stratosphere tower)

(Ghostbar at Palms)

http://becksposhnosh.blogspot.com/2004/11/ghostbar-palms-las-vegas.html

(Copper Mountains)

Amraltaar Las Vegas orj, bas Denveriin hajuuhan dah Copper Mountains-d ski trip hiichiheed irev.

Ene udaagiin ayalal, 90-eed onii eheer neg angid surj baisan huuchin anduud tsuglahaar yariltsaj, Denver-iin B zohion baiguulsan uchirtai. End tendees angiin anduud, ger byl bas busad hymyys tsuglav. Huuchinii anduudtaigaa uulzaj, sonin saihanaa huurneltsesen dajgui tsag bailaa.

Las Vegas-t, Stratosphere hotel-d buuj tendee jaahan casino-d mungo aldaj, shuno n Palms hotel-iin deever deh Ghostbar-d beer-dej ungoroov. Denver-t mun naiz B-giin guide-aar Copper Mountains-d ski-dej, oroi n B bolon E-iind saihan dailuulj ungorooloo. Yutai ch uvol hiij amjaagui, saihan amralt, ayalal bolj ungorloo.

Shalgalt shyyleg

2007-03-11T00:58:00.000-05:00

Heden 7 honog, strategy-iin hicheeliin project paper deer ajillaj, unoodor duusgav. Shineer garj irj bui negen technology-iin company-iig songoj avaad, terniihee strategy-iin talaar group-eeree analysis hiij paper-t buulgah ajil. Hed heden weekend-iinhee ugloonoos oroi hyrtelh tsagaa group-teigee hamtdaa "huvaaltsaj" baij duusgav. "Het hychin zytgeltei" hymyys bolhoor, anhnaasaa ih yum bichitsgeesen tul, syyldee teriigee 10 ilyytei huudas bagasgaj 25-aad huudas bolgoh gej nileen zydersen yavdal bolloo. Bi herev gantsaaraa bichisen bol, esregeeree yaj huudsaa ihesgej 25 hyrgehev gej shanalah baital...

Oroi n neg solongos naiziinhaa ger byltei solongos hoolnii gazar orj, sharsan mah idej solongos dars jaahan amsav. Margaashaas busad hicheelyydiin ulirliin etsesiin shalgaltuudtai. Tegeed shalgalt duusahaar, Las Vegas - Denver - Rocky Mountains ryy...

Ediin zasagchidiin yaria

2007-03-04T02:02:00.000-05:00

Oird hed heden sonirholtoi ediin zasagchidiin yaria surguuli deer bolov.

Ehniih n Jeffrey Sachs. Hugjiliin ediin zasgiin chigleleer yanz buriin ajil hiij baisan, Oros metiin huuchinii sots ornuudad shiljiltiin ediin zasgiin zuvloh heseg hiij, shiljiltiin ediin zasagt zoriulsan (Mongold hyrtel heregjuuleed avsan?) "shock therapy"-iig sanal bolgoson negen. "The End of Poverty" gej dajgui nom bichisen hyn.

Mun, Gary Becker. 92 onii Nobeliin ediin zasagiin shagnaltan. Amerik-iin tsagaachilaliin asuudaltai holbootoi yaria hiiv. Udahgui tyynii "shavi" Murphy-iin yaria bas boloh yum baih.

US-d bakalavr tugsogchidiin ajiliin zah zeel

2007-02-24T22:00:00.000-05:00

CNNMoney.com deer, 2007 ond US-d bakalavr tugsood ajild orj bui shine tugsogchidiin anhnii tsalingiin tuhai statistic medeelel garsaniig sonirhuulaad end link-iig n:
http://money.cnn.com/2007/02/08/pf/college/lucrative_degrees_winter07/index.htm

Medeenees harahad, zarim engineering bolon marketing, business udirdlaga chigleleer tugsogchidiin tsalin oird usoj baigaa handlagatai yum baih. Bas end durdagdsan heden mergejileer bakalavr tugsogchid, yoronhiidoo jiliin $40~55,000 hemjeenii anhnii tsalintai baidag boltoi.

(Medeej, end durdaagui olon mergejileer tugsogch diilenhi oyutnuudiin tsalin ondoo baigaa baih. Bas ugaasaa tugsood ajild "tentsej orno" gedeg n yarvigtai davaa bolhoor... ajild "tentseed orchihvol" iim tsalintai baidag yum baina gej "unshih" heregtei baih)

Urlagiin museum-d

2007-02-18T23:25:00.000-05:00

Gerees holgui baidag "hotiin urlagiin museum"-d ochij heden zurag sonirhov. Renoir, Monet gesen zuraachidiin zuraguud, ih dajgui sanagdlaa. "Mergejiliin hellegeeree" Impressionist gesen ursgald angilagddag zuraachid yum baih. Er n toson budgaar zursan goyo byteeliig nydeeree yzeheer ih dajgui baidag yum baina.

PE conference

2007-02-17T23:37:00.000-05:00

Surguuliin Private Equity (PE) chigleliin student group bolon zarim faculty-tei hamtarj zohion baiguulsan PE conference-d oroltsov. Ihevchilen manai hotod tuvtei dund zergiin hemjeenii PE fund-yydiin hymyys irj yaria/panel yariltslaga hiilee. US-ees gaduurh handlagiin tuhai yariltsah panel-d oroltsohoor Azi-aas ch 1~2 hyn irsen haragdav. Yoronhiidoo sonirholtoi bailaa.

London-d

2007-02-14T23:16:00.000-05:00

(Trafalgar Square, the National Gallery)

(double-decker bus)

(Big Ben, Westminster)

Weekend ashiglaad, Longon-goor hed honog ayalj irev. Syyliin oroi, Mamma Mia show-g Piccadilly-iin theatre-d yzev. Dajgui hot sanagdlaa.

Mid-term shalgalt duusav

2007-02-08T02:18:00.000-05:00

Ulirliin dundah shalgaltuud duusav. Unoodoriin, financial engineering chigleliin hicheeliin shalgaltiin daraa, bagsh hicheeltei holbogdoltoi barimtat kino yzyylev. Odoo hyrtel future, option geh met derivative (sanhyygiin "byteegdehyyn")-iin tuhai zaaj, unoodor shalgalt avsan bolhoor, terentei holbootoi "entertainment" bolgoj.

"Trillion dollar bet" gej kino. Financial engineering-iin tyyhiin chuhal alhamuudiin neg boloh, Black-Scholes option pricing formula-g gargaltsasan Nobel-iin shagnalt M. Scholes, R. Merton gesen erdemtediin tuhai, oiriin 20-ood jiliin sanhyygiin zah zeeltei jaahan holboson mayagiin. Bas ter erdemtediin ajillaj baisan LTCM hedge fund-iin tuhai tovchhon. LTCM-d $3 billion-ii mungiig yanz byreer derivative ashiglaj $1 trillion-ii tyvshinii bet ("bootsoo") tavij baital... hamag yum "buruugaar ergeed balarsan" tuhai... Derivative chigleliin mathematics-aar sar ilyytei bumbogdyylsen angiin oyutnuud, kino bolood teryy... gaigui sonirhoj yzej baigaa haragdav.

Muzei

2007-02-06T02:47:00.000-05:00

Ungorson weekend-eer, surguuliin hajuuhand baidag "Shinjleh uhaan"-ii museum ochij sonirhov. Hyyhed ochivol ih sonirholtoi gazar sanagdlaa.

Mongol bolon HF

2007-02-02T02:24:00.000-05:00

Unoodoriin Hedge Fund (HF)-iin seminart, cyclical ("muchlogtei") aj yildveriin salbaruudad nileen idevhtei yil ajillagaa yavuuldag HF-iin fund manager yaria hiiv. Investment bank-d career-ee ehleed, Soros bolon Julian Robertson gesen "tomoohon garuud"-iin fund damjsan, turshlaga ihtei hyn. Fund n $2 billion ilyytei orchim hurongo ergyyldeg yum baih. Yaria yoronhiidoo sonirholtoi bailaa.

Seminar-iin daraa sonirhood, Mongoltoi holbootoi HF-iin tuhai google-dej yztel, heden sariin umnoh doorhi medeeg olj harlaa.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDOkTWMnCBeA&refer=exclusive
Mongold hurongo oruulalt hiideg/hiiheer sonirhoj baigaa hed heden Hongkong, Singapore orchimiin HF-iin tuhai comment baina. Medeej, Mongoliin yamar company-uudad hurongo oruulsan n nuuts yum baih...

Bas doorhi Mongoliin ("Canada-iin hamtarsan"?) hamgiin anhnii investment bank, Mongol doh anhnii private equity fund-iig bosgoj baigaa medee baina. Endehiin boss kanad hynii background-aas harahad, yanz byriin taniltai baij magadgui bolhoor, mongol gadaadiin company-uudiig holboson sonirholtoi ajiluudad oroltsdog boluu gej sanagdlaa...
http://www.micc.mn/pressreleases.htm
esvel,
http://www.micc.mn/pressroom.php
http://www.micc.mn/

Hedge Fund-iin seminar

2007-01-27T11:58:00.000-05:00

Hedge Fund (HF) industry-tei holbootoi tsuvral seminart 2-doh udaagaa suuv. Ene seminar hicheelees gaduur, oroin tsagaar zohion baiguulagdaj baigaa; HF-iin fund manager-uud irj, indusry-iin tuhai, uursdiin ajil/turshilgiin tuhai eronhii yaria hiideg. Ajild orsonii daraa iim yaria sonsood baih bololtsoo oldohgui tul, oyutan baih ene tsag zav/"bair suuri"-iin zavshaanaa ashiglaj, sonirhoj suuj baigaa seminar.

Umnoh udaa gold (alt)-iin chigleld hurongo oruulalt hiideg hyn irj yaria hiisen bol, ene udaa equity ("huvitsaa")-iin zah zeeld yil ajillagaa yavuuldag HF-iin fund manager bailaa. Umno n Arthur Andersen->Goldman Sachs->Soros-iin HF damjaad uuriin HF-ee baiguulsan yum baih.

Seminar deer sonsson, HF industry-tei holbootoi zarim too:
- 2007 onii baidlaarh niit HF-iin too 9000 orchim (5 jild 2 dahin usson)
- Ergeldyylj baigaa mungonii hemjee $1.4 trillion orchim
- $1 billion-ees ilyy hurongo ergeldyyldeg HF-iin too 200~

HF-iin hurongo oruulaltiin strategy n, 90-eed ond global-macro gegdeh, turol buriin currency ("valut") bolon zasgiin gazriin bond-uudiin hanshiin zoryy deer golchilon "bootsoo tavih" n tomoohon chiglel baij niit HF-iin strategy dund 70% ezelj baisan bol, odoo 10% huvid ch hyrehgui boltloo buursan yum baina. Ene chigleld, 90-eed ond England-iin central bank-tai "pound-iin hansh deer tulaldsan" Soros-iin fund (*1) bolon, Nobel-iin 2 shagnaltan hyrtel oroltsoson "lut all-star team" baij baigaad 2000 ond dampuursan LTCM (*2) eneter orj taarna.

Odoo hamgiin zonhilj baigaa HF strategy n, equity-tei holbootoi "equity hedge/equity long-short" geh met chiglelyyd yum baih. Tovchdoo, hurongo oruulah company bolon industry-iin yil ajillagaand fundamental research (gynzgii analiz) hiisenii yndsen deer, turul byriin option ("sanhyygiin negen baraa") -iig ashiglaj "bootsoo tavina" gesen yg shahuu. Ter utgaaraa ajiliin neg heseg n, investment bank (IB) bolon investment management (IM) firm-yydiin analyst-uudiin fundamental research-iin ajiltai zarim talaaraa tustei gesen yg yum. Option ashiglaj "bootsoo tavih" hudaldaanii yil ajillagaag IB-iin zarim trader-uud ch bainga yavuulj baidag. (Tiim ch bolood, HF ruu, IB IM-ees hynii shiljilt ih baidag baij taarna)

2000 onoos hoish hagartlaa bayajij bui HF-iin ajilchidiin tuhai medee/"hov jiv" jiriin hymyys bolon finance yortontsod ch ih sonsogdoj, HF-d ajillahiig sonirhoh hymyys, MBA oyutnuud olshirson (*3). Getel ynendee HF amjilttai avj yavah n (medeej) nileen yarvigtai yum baih. Tyyntei holbogdoh negen barimt gevel, 2005 onoos hoish niit 3000-aad HF shineer baiguulagdsan bol, ene hugatsaand ajillagaagaa zogsooj "haalgaa barisan" HF 1500 shahuu yum baih. Endees, hen durtai n hagartlaa bayajihaargui, hir zereg ih risk-tei industry-g harj boloh yum baina...

*1 http://en.wikipedia.org/wiki/George_Soros
*2 http://mnglmba.blogspot.com/2006/02/nobel-iin-shagnalt-myron-scholes-iin.html
http://en.wikipedia.org/wiki/Long-Term_Capital_Management
*3 http://mnglmba.blogspot.com/2006/12/careers-after-mba.html

JPMorgan Chase-iin zahiral Dimon surguuli deer

2007-01-19T11:55:00.000-05:00

JPMorgan Chase sanhyygiin firm-iin CEO (zahiral) Jamie Dimon surguuli deer yaria hiiv. Surguuliin MBA-giin, sonirhoj irsen 200-gaadhan oyutand zoriulsan yaria bolhoor, sedev n ajiliin/alban yosnii bish, career development bolon uuriinh n tuulj irsen career, yzel bodoltoi n holbootoi bailaa.

Amerikt hurongiin hemjeegeeree Citigroup, Bank of America-iin daraa oroh tom sanhyygiin firm-iin zahiral gehed nileen zaluuduu haragdah hyn yum. Bas yaria bolon baij baigaa n energy "butsalsan" hyn yum gej sanagdlaa. Career deeshleh tusam, ajiliin "technical" medlegees ilyyteigeer, social skill (hyntei haritsah/olon dund "bie-ee avj yavah" chadvar), leadership skill (olniig udirdah/olontoi tsug ajillah chadvar) ih chuhal gesen yg n sanaand yldej...

MBA tugsogchid PE job ruu...

2007-01-15T11:12:00.000-05:00

Private Equity (PE) ajil n, MBA tugsogchidiin huvid, mash ih sonirhdog chigleliin neg boloh tuhai umno bichisen. Yyntei holbootoi article sayahnii BusinessWeek-t garj:
http://www.businessweek.com/magazine/content/07_04/b4018058.htm?campaign_id=rss_magzn

Aguulga n tovchdoo, PE job n MBA oyutnuudiin huvid No.1 sonirhdog chiglel bolj irj bui tuhai; mash undor tsalin, ajiliin sonirholtoi aguulga bolon dalaits, ner hynd zergeeree oyutnuudiig tataj bui tuhai; gevch ajiliin bair mash tsuuhon, bas orohod mash undor shalguurtai tuhai.

Medeenees tanitsuulbal, hamgiin tom ner hyndtei PE firm-yydiin MBA tugsogchidod amlaj baigaa ehnii jiliin niit tsalin+bonus n $450,000 (!!!) hyrj baigaa yum baih. Umno n PE deh ehnii jiliin tsalingiin talaar, eronhiidoo $350,000~ gesen too duulj baisanaas ch undor too end durdagdaj. Eronhiidoo top10 gegddeg MBA tugsogchidiin ihenhiinh n ehnii jiliin tsalin+bonus -iin tyvshin $100,000~150,000 bolon, Wall Street-iin investment bank-uudiin muugui tsalintai haritsuulsan ch gesen, PE-iin ene tsalin "aimshigtai" undor haragdana...

Haramsaltai n, ajiliin bairnii too mash tsuuhon, orohod mash undor shalguurtai tuhai ch orhilguigeer jisheetei bichij: PE-giin dund ner hyndeeree ch, hynii toogooroo ch hamgiin tom firmiin neg boloh, Carlyle ene jil MBA tugsogchidoos ajild avah oyutnii toogoo 50% usgoj gene -> getel ter too n erdoo 7 hyn... The best MBA gegddeg Harvard, Stanford-iig neg jild niileed 1200~ orchim oyutan tugsdogiig bodvol, edgeer PE firm-yyded ajil olj avna gedeg n, "tengerees od shyyreh"-tei adil mash hetsuu gedegiig harj boloh yum.

Er n sonin hevleld iimerhyy baidlaar PE career-iin tuhai bichigddeg ch, ynendee MBA tugsood dajgui PE ajild oroh n, ihenhi MBA oyutnuudad ogt hyrteelgui shahuu zyil yum. Yagaad geheer, jishee n hervee tom 10 firm-d niileed 50 MBA oyutan ajild avna gej yzvel, ter n Harvard, Stanford MBA-g 1 jild tugsogchidiin 5%, top10 MBA tugsogchidiin 1%, niit Amerik dayarh 100,000 hol davsan MBA tugsogchidiin 0.05% ch hyrehgui huvi bolhoor. Tehdee MBA tugsoj baigaa olon oyutnuud dund, iim "aimshigtai" undor tsalintaigaar ajild ordog "tusgai" hymyys "neg jijig buland n" baidagiig medryylsen medee yumuudaa...

Mongoltoi holbootoi medee WSJ deer

2007-01-10T23:59:00.000-05:00

1/9-nii Wall Street Journal (WSJ) deer, Mongoliin hudaldaa hugjiliin bankaas (HHB), Mongol ulsaas anh udaa boloh, $150 million-ii bond-iig olon ylsiin hurongiin zah zeeld gargaj zarahaar (*1) zavdaj bui tuhai tovch medee garj. ING bank, Citibank hoyor arrange hiij baij magadgui yum baih; tehdee ter hoyor bank comment hiihees tatgalzsaniig harahad, arai alban yosoor zarlahuits shatandaa orooguim boluu.

$150 million gesen hemjee, Mongoliin alban yosnii GDP (dotoodiin niit byteegdehyyn) $1.5 billion orchim gedegtei haritsuulbal aravnii neg n bolhoor, nileen tom too. Herev ene bond gargalt haritsangui amjilttai yavagdval, tsaashid ene helbereer gadnaas "mungo olj irj" business-ee sanhyyjyyleh yavdal Mongold ulam ihsej, business-iin hugjiliin orchind nileen dajgui nuloo yzyylj magadgui gej sanagdlaa.

Bas hedhen honogiin umnoh WSJ deer, Iv*nh*e M*n*s-iin tuhai "Mongolia Is Roiled By Miner's Huge Plans" garchigtaigaar tiim ch boginogui medee ehnii nyyr deer n garsan baisan. Mongoliin online medeenees haaya halti unshaad ene company-iin business-iin tuhai tsegtstei oilgodoggui baisan; harin ter medeen deer company-ii tovch tyyhees gadna oird urnoj bui zarim yil yavdaliin talaar oilgomjtoi tailbarlasan baisan n zygeer sanagdsan. Er n minii sanaj baigaagaar, WSJ deer Mongoliin business, ediin zasagiin talaar ene hoyoroos uur medee syyliin jil ilyytei hugatsaand garaagui baisan bolhoor, ene hoyor medee sonirhol tatahuits bailaa.

Amerik dotoodiin business-iin ene doloo honogiin hot news-ees gevel, Apple-iin iPhone-oo zarlasan n, tegeed bas negen $30 billion ilyytei ynetei company-iig Private Equity firmyyd hudaldaj avahaar tulaldaj baigaa tuhai yumuudaa.

*1 $150 million-ii bond gargana gedeg n, $150 million-toi tentseh bond (ynet tsaas)-iig HHB "hevlej" gargaad, gadaadiin hurongo oruulagchidad teriigee (nugoo gadaad 2 bankaar damjuulan) zarj $150 million "zeelj olj irne" gesen yg. Hurongiin zah zeel hugjison ulsuudad company-uud sanhyyjiltee hiihdee heregledeg, "mungo zeeldeh"-iin neg gol helber gej mahchilj oilgoj bolno.