Corona virus medical stocks are like the new cannabis stocks.
On January 21st the World Health Organization began to investigate if the virus was a public health emergency or not.
Since that day, certain companies have seen their stock prices skyrocket (🚀📈50% in one week) on speculation of creating a vaccination or increased sales of medical equipment (surgical masks, for example)
Example companies: $INO, $LAKE, $APT
In 2018 we saw cannabis stocks hyped up daily by the media. Some companies had fundamentals to back up their valuations, and some did not. A year later, after the speculation and media hype cleared away, some companies were left standing on their firm foundation and some dissolved like sandcastles in the rain. E.g. TLRY & CTST down -95%
The effect that world news can have on the valuation of companies is very intriguing.
Cause & effect is a beautiful thing.
This is not investment advice, but if you’re a risk-seeking speculator feel free to ping me.
Last Winter I hosted a workshop for first-year business students at Ted Rogers School of Management at Ryerson University on how to cold email and how to run a coffee chat. Here were the results:
(A majority of the 50+ students sent out emails, more than half received replies, and a handful forwarded the results back to me)
To gain the confidence to introduce yourself to someone new takes time. To find the right mentors to support you takes time as well. Together, both are fundamental soft skills that give an aspiring businessperson the tools for success.
Thank you to the 40+ contacts who volunteered to offer advice to students 👏
👉 Thursday I’m hosting another workshop where I’m giving a few students LinkedIn Profile Makeovers, haha. Along with some tips on writing bios/headlines/networking with others. Ping me if you want any more details or help.
Do you want to work in tech sales but are not sure which company you want to work for? Here’s how we can categorize tech companies into 4 quadrants.
They are called darlings because everyone LOVES the brand and wants to work there. These companies make most of their money from selling advertising (E.g. Google makes 80% of its revenue from Google Ads), hence “media”.
Pros: Best brand name, your employability skyrockets. Generally cool products
Cons: These companies do not typically have established new grad programs, they usually poach experienced hires from other companies.
These companies have proven themselves, have 50+ years history, and household names. They are generally market leaders in the product areas.
Pros: High pay, long training program (6 months), brand recognition
Cons: Culture can be lacking. A lot of company processes and bureaucracy
These companies have a market capitalization of $100mil-$5bil. So they are not startups but they are more established.
Pros: Often have really cool culture. Shopify/Salesforce consistently win top employer awards in Canada
Cons: Usually restricted to Inside Sales roles. Because the company is still scaling, mostly 100% outbound cold calling for entry-level.
These are companies that are solid employers (often on Best Employers List), however are often resellers of other companies products / companies that are not perceived to be market leaders, so do not benefit from the same powerful brand image that other companies have.
Pros: Great training
Cons: A lot of outbound cold calling due to poor brand recognition
These companies are in the technology space but work on slightly different business models. Teksystems is really in the staffing business but places for technology roles. Also good choices, but I don’t have much information available.
Movement Between the Quadrants – Here’s the magic!
It is easier to make a horizontal move than vertical one. Generally speaking if you get a job at Google, it’s easy to land an interview at IBM or Shopify. But if you get a job at Xerox, it will require some work to land yourself an interview elsewhere.
This was originally taught to me from Asad Zaman, from Sales Talent Agency. Credits to him.
Speaking on a panel tonight at the Ted Rogers School of Management at Ryerson University. My goals to serve as an effective panelist tonight:
1️⃣. Be entertaining, not just informative. Information without emotion is not retained. Students can be tense, or nervous since they are putting themselves out there. As a panelist I think it’s great to share inspiring stories, make jokes, use analogies, use body language, and other creative ideas to help the audience feel comfortable and open to receive the most from the Q&A.
2️⃣. Share industry insights, not general business advice. Students who attend extracurricular events are usually already very self-motivated, so they don’t need to be reminded of things like “follow your passion” or “be a team player”. They need more something like “What are some common misconceptions about working in sales?”
➡️Community, please share with me any advice on what you think makes a panelist effective. Examples welcome.
Tonight I hope to add some creative flair to my presentation. Hint: I love music 🎵🎵🎵
Working at Google? Free lunches? A six figure salary? Ability to work from home?
These are all “work conditions”, or formally known as “hygiene factors”. And I’m here to tell you that cannot provide you job satisfaction. They can only prevent dissatisfaction.
That means that, if you didn’t have these things: you would complain about them.
So what can give you job satisfaction then?
How does this relate to finding my dream job?
This is an elaboration on Herzberg’s two-factor theory.
Don’t seek hygiene factors e.g. “I want to work at Google! Have you heard about how amazing their office is?”, instead, seek motivating factors “I really find meaning in doing this type of work, I would probably even do it in my free time.”
With that in mind, you should probably first define what type of work you like doing, then second define what type of company you’d like to work for.
As a sidenote, I’ve actually been to the Google office. It’s true, they have slides and fuzzy carpets, and free 24/7 lunches! But still, I’ll abstain from saying I’d love to work there, since I have no idea if I’d be interested in the actual work.
Now to put this idea on a catapult and launch it further, I’m wondering if this can apply to spousal relationships. E.g. Physical attractiveness is a “condition” that cannot provide you relationship satisfaction, it can only prevent dissatisfaction.
Rather than publishing on my blog, I’ve been publishing directly on LinkedIn. A lot of the posts have had great engagement, so I’ve saved them here for safekeeping. Below each post I’ve copied and pasted the text, but you can just ignore that. This post was May 2019 so all the dates e.g. (10 months ago…) are dated from that point.
As a former leader of the Co-op Students’ Association I always advocated for co-op an excellent career option for other students. I did 3-4 class talks throughout the year. So I was called in to be profiled.
My top reasons to choose co-op (1) Discover what your dream job is by exploring mulitiple companies, in different roles, in varying industries. I explored Financial, Retail, and Technology! (2) Earn a great wage and graduate debt free… or you can spend your co-op money buying a used car like me (3) Build a ton of relationships with different companies to increase your chances of a full-time job offer when you graduate.
If you haven’t had a 1:1 meeting with your counsellor in the BCH, do so.
They have an endless list of job opportunities and their job is to help you succeed.
Me: Hi, I placed an order to buy to buy one share of IBM but the order is not going through!!
Questrade Helpline: Sir it’s only 830am, the stock market doesn’t open until 930am.
Me: Oops!! Wow, the things they don’t teach you in business school 😳
I believe that everything in life is a skill. If you are unsatisfied with some area of your life, chances are you lack a skill in that area.
Tip: Most books are available free at the Toronto Public Library.
For me, I lacked skills and knowledge in investing. Business school teaches you how to read a balance sheet, but they don’t teach you how to buy a stock. So I taught myself.
Learning investing is never really ‘urgent’ – most people wait until they’ve accumulated a bunch of wealth and then scramble to figure out what to do with it. Many people hire a financial advisor to figure it out for them. I decided to the opposite. I figured by learning all of this now, the moment I have a windfall of cash I will know what to do with it. I will be able to be my own financial advisor.
Besides that, every working professional has some edge on the market – doesn’t hurt to set aside a small amount for speculative plays 😉
.“If you read three books on any one topic, you are basically an expert compared to the general population”
If you want a book recommendation, give me a shout!