The Podcast Network (Finance,Business & Investment Podcasts)

Hi guys!  So okay I’m planning to do this podcast network about business, finance and accounting.  Right now I’m just trying to get as many suggestions as I can about what interests listeners and what needs have yet to be filled in this market niche.

For now, these are my ideas:

  1. Basic accounting podcasts. Undergraduates or those doing their MBAs can listen to these podcasts during their dead time or when they can’t handle reading their accounting books anymore.  I don’t think you should discuss journal entries that much though. It would be hard to picture the entries and it might get all confusing. Like, imagine two people screaming at each other over which account to debit and which account to credit. That’s crazy.  Or maybe boring for some.  Me, I like it.    Maybe just simple issues like, what is the rationale behind accounts receivable aging? How is it to be used when analyzing the effectivity of a company’s billing and collections process? Something like that.


  1. Advanced accounting podcasts. Those in their third or fourth year of college would be interested in advanced accounting.  Here, maybe, we could discuss real life examples of mergers and consolidations.  Like, current business news about a buy-in or a divestment and how that ought to reflect in the books of the companies involved.  Take for example, Microsoft’s $100 million investment in Uber.  How would that reflect in Uber’s books?  How would that reflect in Microsoft’s books?  Will it require consolidated financial statements or not?  That kind of stuff.


  1. Finance podcasts. Maybe here we can also delve in real life M&As and current business news but this time we’re going to focus more on the finance aspect of the business transactions. Like how did Microsoft value Uber when it infused the $100Mn?  What assets in Uber’s balance sheet got a good appraisal value? Which ones were written off?  How did they value intangibles?  What is Microsoft’s internal rate of return for Uber?  What interest rate did it use to discount the cash flows?  How much in revenues were projected for the ten-year horizon they were looking into?


  1. Accounting Software podcasts. Here we can discuss the basic computerized accounting systems used by businesses – like Quickbooks, Xero or SAP.  Cloud accounting and any other new developments in technology that are affecting businesses – like in their remittances and billing systems would also fall under this group of podcasts.


  1. Business Law podcasts. Corporate lawyers can discuss basic concepts in business law as well as any changes forthcoming.  Definitely, there should be real life business scenarios being discussed here.  Even current business news wherein a certain principle in business law would apply. There’s bound to be a lot of gray areas here and there’s going to be a lot of room for debate and discussion.


  1. Career podcasts. This should help a lot of people since everyone wants to find a good job and stay ahead in their field.  We can talk about basic things like how to make your resume stand out, how to prepare for an interview, what are the most likely questions to be asked in an interview and how you’re supposed to answer, how to dress sharp, things like that.  We can also discuss salaries and what pays the most, where the most job vacancies are and maybe where the most promising areas in business and industry are right now.


  1. Millionaire secrets. This one can focus on personal finance and maybe we can get to interview famous people, or even just your neighbor with the simple house you didn’t know was a millionaire.  Everyone want to know how they can become rich.  A lot even want to know just how they can get themselves out of debt.  So maybe we can also get some personal finance “gurus” to discuss those things.


  1. Taxation podcasts. We can get a lawyer to discuss tax laws and the IRS’ implementing rules and regulations.  There are changes every year so this proves helpful to a lot of people and businesses especially as they prepare for tax filing season.


  1. Financial Reporting podcasts. This would focus on the preparation of financial reports for management accounting as well as for filing with the Securities and Exchange Commission. The topics should cater to both small and medium scale enterprises and Fortune 500 companies.  We can get one filing of a listed company, for example, and dissect it to show how the relevant portions illustrate the proper way to do your financial reports.

So those are all the ideas I have for now.  I need more so if you have any suggestions though, head to LOM, a financial services company I recommend if you are looking to invest…

Movie Review: The Scam versus Wolf of Wall Street

A bit off topic, but there’s this really cool Korean movie I watched the other night called “The Scam.” If you really want to find a movie that shows you how insider trading and stock rigging takes place, this is the one you want to watch.

I think, when it comes to detailing how a pump and dump operation is executed, The Scam is definitely much better than “Wolf of Wall Street.”  Much of the wrong deeds the Wolf confesses too are nothing but kindergarten crap compared to the real gangsta stuff you see in The Scam.

I don’t know, I guess it’s probably because Jonathan Belfort is an actual real life person who still wants another chance at life.  So he really wouldn’t want to admit to anything he hasn’t been charged guilty of yet, right? I mean, I don’t want to accuse the man though.

Wolf of Wall street focuses too much on the sex and drugs and side issues like money laundering. Maybe those things sell better in Hollywood. Yet even if the movie was really long, all that time, I didn’t get any emotional attachment to the characters.

But with The Scam, you begin to feel for the lead character Hyeun-Soo, right at the start.  He’s a small retail investor who trades online and loses whatever small capital he has from trades gone wrong.  That moment when he stands on the edge of a bridge and he’s just about to jump, that is real.

The Scam

Through the years that I’ve worked in the stock market, I’ve encountered those instances where I hear about this trader who’s a friend of a friend, who jumps off this or that building because he has a margin call on a couple million he can’t pay, or this sales head who shoots himself in the chest because he owes his brokerage big time. That kind of stuff.

I literally started worrying about some people I know when I was watching the movie.    It just hit me that some of them might actually be planning on killing themselves over their stock market woes and maybe I should pause the movie first and give them a call.  Yes, the misery in that movie was that real.  Okay, for the record, please don’t think that I am actually “my friend” and that I might be planning to kill myself.  I know how to cut my losses early on.  I have very tight stop losses when I trade.  So don’t worry. (They say Iive by the tenet of POP COLA. Prolong our Profits, Cut our Losses Aggressively).

Anyway, so when I was watching The Scam, I could really feel the energy of the stock market.  To think that it was just online trades they did there.  You didn’t even see anyone on the trading floor!  But the way they sat in front of their monitors, fingers tapping, waiting for the opening bell, before they executed their scheme.  The way they correlated charts and timing and emotions and a trigger finger, you can really feel the suspense.

There’s also this part of the movie where they’re in a meeting and they hatch their plan on how to rig the trades, hype their stock with some fake story, and then dump everything on the market once it reached critical volume.  They then use the analogy of a glass filled with liquid to explain it all in layman’s terms.

I think it’s really commendable how they pulled that off. They really took pains to explain how a hype and dump scheme works while still maintaining the scene’s entertainment value   And it was clear, concise and very artfully done (it’s beginning to sound like I’m talking about a sex scene here).

Wolf of Wall Street tries to depict Belfort as some bad ass trader but it fails to do so because I don’t think the guy would really agree to having all of his past stock market schemes being laid out in the cinemas.  So maybe they can only work with all the Hollywood fluff stuff type of confessions Belfort agrees to have featured in the movie.  But I was really expecting more hard core confessions and meat about stock market manipulation so I felt let down, I guess.

But with The Scam, you don’t see too much high power office pep talks.  You don’t really see anyone from the public getting ripped off.  You don’t see circus parties at the dealing room.  But you get an inside view on the real excitement of the ticker tape and the ticking clock, the MACDs and stochastics, the wild swings between hope and despair that comes from the price movements of a manipulated stock.  Even if you’re not a stock market technician, you can feel it.  It’s so raw and palpable in that movie.

Watch it guys.