10-4-2026 knowt

why doesnt this work?

I think this was caluclation; thers a rook thta can come evne if thers abish optehre

wahts the two sequence move here?

scarfiice queen; so the idea is have the queen go fward, the rook is forced to defend; the imrpotant thing here is tha thte king is one space away so he cannot get rid of thethreat; and theres a rook behidn

whats the pattenr here?

it seems like if the king is in abox and the queen is on a diagonal with a bishop they contorl that area; you don’t want to go towards the roko becase he’s strong there ;yo uwant toatack the pawn area; if the rook contorls files, the bishpo and queen diagnoals so thats wher eyou want to lookf for the movmetn

What do you see?

My idea here is that you want see that the bishop has diagonal; the pawn hsa promotion the queen has rnage the king and rook end up creating interseting interacing; noticing how the rook can move forwad and so cna the king go diaongally

whats the soltuion

the idea is that you want to look at wher ehte pawn; avoid the bishop and rook lines they ahe too mcuh range; find where the apwn reifnonces; evne if you move thequeen tehre the pawn ends upcoming in; intersing; i wnoder how youcategorize thsi

what can the knight trheaten ehre?

the knight can move in adoule l; knights contorl the cetner inreiclt; always have htem pincering in towards the cnete; yo uwant bishops to fade awy to the sides and threaten with long diaognals that are hard to see during calucaltion

whats the waek peice here?

the idea is the pawn on f7 because anytime a piece is only protected by a king is a good peice to go after

What is teh waeknss of this postioin?

by birngi the ibshop out the h7 pawn ends up being unportected which can be ttheatedn later on

Who is in a better posiiotn? why?

white beuas white has delveodp 4 piecse; in 2 moves it will end up delvoping the rest of its postion

whats a key short cut to remmber when you’re doing income stamtent porjction

use of f4 to make sur eyou lock in teh reference

what is the shortcut to take a cell and extende the formula down?

whats a good practie when hadnlindg certain summs like profit reatiend eranings that can be helpful

when you’re doing the intiial given sums (like profit, retinaed earnigns etc) extend the formula outa

how do you find retained earnigns? show it on paper, in excel, and in wrods

what is the formula for cogs?

assume year 202X. 202X * COGs %; make sure to use f4 key

what is not a formula for cogs?

for year 2 cogs, do not use Y1 Cogs * (1+cogs%); it is not a growth measure, itis a % measure; sales

what is the dfifence between sales % and cogs%

sales is % growth so it follwos the comound fomrula fo X * (1+%); cogs is just a pure %; in other sales, is the toatl, cogs tells you of that part; you want slaes to grow exponenitaltly while cogs ends up being a % of that

when can the % of cogs end up growing exponetnialtly as well? i wodner if textbook is fuseful here

for income stmaetn, what 4 vlaues do you end up watning to use f4?

sales growth %; cogs %; tax rate; dividend;

in net income, how is depreication cost clautled;

you take it fomr thebalnce sheet as eprcentage; it is not a growth item, like cogs, it is depdnent on somethign esle

for %s, idetnify growth, and identify things that are depdendn on somtehing else

growth—-sales; costs that are dependnt on smoething else—-cogs (sales) and depreicaoitn (; so you ahve horizontal grwoth (that’s revnue) and then you have vertical % in teh case of cogs and derpeaciont); then you have verticla like taxes and and didivneds

classify these as %; cogs, depreicaiotn, sales, tax and dvidend payout

try doing the 3 statment model assingemnt where you have to start by filling in theassumptsion sa well;

make al ist of everything to double check; what ratios to make sure are of sales etc; makeing sure things are abolstue referecned

how do you handle reatiend erangins?

you take the number from the prior year, add in the current years’ sfrom income stmaetn; that’s pretty cool; you go from balance sheet to income mstamten

how to handle accumlauted depreiacoitn

take the depraicoitn from the prior year, add in teh current year; so its kind of like rateind earnigns; addtive

decompose this porblme; why are airline profits down

profit = revnue - cost; revnue: price/volume; cost: fuel labo mainerince; airport fees

ask for clarfiying questions on teh sydney airport

what does adequate capcity mean? is it passenger throghput? maxiziming; what time frame are we looking at;

what are four airline costs

fuel;

labor;

maientience;

airport fees

what is the first airline cost

fuel

what is the scond airline csot

labor

what is the rhid airline ocst

mainteince

what is the fourth airline cost

airport fee

decompose this: why are starbucks saels down

sales = customers * spend per custoemr

how can customres be broken down

new; r

eepat

how can spend per ucstomer be broken down

frequency;

ticket size

how to decompose this problem:should uber enter a new country

is the market attractive:

can we win;

is proftiablye;

is it gorwing, staganting is it a competivie market?; think fo the botox example

what are the three parts of assessing market attractivness?

size;

growth; c

ompeotion (staganting, market share, how much can we expect)

can we win?

cost advantage;

brand;

etwork effects

is it proftiable

revenue;

cost;

nvesmtent

how do you deocmpose this: housing prices are increasing

price = supply vs demand;

supply = land; construction; regulation

demand= population; income; interst rates; de

what is the euqation for supply?

what is the euqation ofrdemand

what is the equblirum equation

findthe price

what does dP stand for?

supply price elasisirtity/slope cofefieint; as price increase how mcuh are tehy willing to bring in?

bP

consumer price elaslity;for every price decerase how much more do tehy buy; note the engatvie

In the equation P = a-c / b+d, what is the nuemraotr?

the numeraotr is the gap betwen conusmer willingnes to buy and producer willingess to see at 0 rice? a is authomonus demand

In the equation P = a-c / b+d, what is the denominaotr?

it is the combined price repsoninvess of bot hbuyers and selelsr ; if they beocme highyl senistive , tehdenomiator grows whcih can stalibzie or lower the price

break this down: how can netflix double profits?

higher prices

more subscirbers

lower content cost

more adverstigin

Will Sydney Airport capacity be adequate in the future

what time capcity are we talking about? within 3 years, 5 years, 10 years?

what does capcaity mean? runway capcity, termianl capcity, aircrat gate capcity; passenger processing; goroudn transportiaont access

what metric demands adequate? no delays, delays below athreshold,abiltiy to meet forecast dmeands, matining airline porabilifblt

what is the supply side of the syndey airport capcaity quesiton

the number of runways
cpacity/runway

runway utlziation

what is the demand side of the sydney airport situation

regation market demand

sydney market share

how cna sydney airport be broken down

opeartiong hours; planes/hour; people /plane

How to hanlde this question; should we install solar pv now

we install solar pv now; thats he hyotheis; how do we disprove this

the idea here would be that npv; the idea would be price now vs price later; compar ethe price of installation, compare the price of repair; compare the rpice of; are there otehr poeple doing it; are the best practices written donw; how many companies are there; is repair likely; are there subsidies; are there likely to be subdiies; can we get a better price later on if we have aev car as well; if we do get one, is it better to get one installed or can we assemlbe it ourselves;

Should we install solar panesl

is the payoff attracive (i.e. ar ethe ecomcs good); break this down into cost, etc

if panels decline shoudl we consider waiting for a better price

is there enough of a reudciotn in the carbon foorpitn

is the payoffattracvie

solar has two compents—-panels; installaiton what are their upfront costs; are there ways to mtiigate them shfit them?

excess power into grid vs less use of extenral pwoer?; so basically the idea is how much does it cost; and does it ahve a way to recyle/ pay us back

break down the carbon footprint part

what is the current totla footprint

how much carbon will not be emmtied using solar? how do these optios ncomprae acorss price and rnage; can we make an optizmation antmrix here?

which one shoudl be targgtered first?

target the payback frist becase the corpoate rationlae is that make the eonocims work first

cookie co; declining profits; clarfiying question

whats their geogrpahy; prodcut offerings?

revnue—-price; customer;

costs—-fixed; variable

what does it mean if market gorwth is > firm profit grwoh

declingin amrekt share

you mentieond revnue and costs; whtas your hpyoehsis; do you think its revnue or costs

so it’d be good to look at market share frist; that could have bene a good way to approachg the pormelm

expanded frmaerok

. Demand

- Market growth

- Company market share

- Product mix

 

2. Economics

- Price

- Volume

- Cost per unit

 

3. Operations

- Manufacturing

- Inventory

- Distribution

 

4. Competition

- New entrants

- Innovation

``

sttorage costss

12% → 22%; give mteh nubmesr ehre

"That's a roughly 10 percentage point increase, almost an 80% increase from the original level. This appears far larger than any other category and likely explains most of the profit deterioration."

product expanasion; botox; clarifing quetsions

three main factors;

migraine market

financial imcplations

overal lrisks

breaking donw the migraine market

size of hte migraine market; the consumer seneitivity

how fast its growing; fast srhinkgin

what is other competiton out there; that’s good

fiancnial rimplcaitons

renvues;

• price—-comptoetir pricing;

• consutmer ealsciity

• units osld

• avoding cablliziantoin

costs

• r/d costs

whats a good way to think about botoox?

it’s a pahrma company; yo uwant to htink about what indsutry it ends upbeing in

Unicreidt case study; what quesitons should you ask

how much is our share; i kno wfrom accounting that 10%, 35%, 50%;

what type of hodligns do we have? do we end up using like derivic; when are we to disclose

what jurdisciotn ar ewe ssumign? europe?

what is the pesrpivie of reuglation?

who are hteucfrrent stakehodelrs of comerzibnak; so wehther or not the gemran gov has a postioin makes adiffence

what arhe teposliticla situaotin regarding contorl—-consequnces of freing control

what is the market segment of cunicredt?— smes;mittesladn

so what is the range of oppostion—-is uncondiaotnla cacdmeapnce, unconditional rejection; rejection but can be convinced; protection of jobs, (emplomeyne concenrts) hq location; public listing (operational and subsidiairy oepration); smes commitmesn t(not shfiting therevnue mix to ib of uhnwh); straeti deicsion made ingermany; suffcinet capital (buffers, 08)

baesd on the sepctrums the quesiot ends up changin

what are the povs of the differnt stakhodelrs

unicreidt—- expand germany; so it think it siad it was nubmer 2;

so its good to ask how big the is gemran bank

pan european ambitosin

is unitciredt strong ifnaicaly or is i; what is uncireds trejajotry

frameowrk

benefits

• market expasnion—-regional expansion; client base expansion

• scale—-sahred infrascutre; tehcongly itnegraiotn; procurement savings (so its like jp and lehman/bear sterns; ubs credit suierss tehre are risk with it but opel ahve done it)

• revnue—-cross selling?; ib bnaking?; welath managmet group

• how much can be created; are the margins/ratios favobel; are the synergies realistic; good question

risk

• so rejection is navagiblte; but if they approve but delay; so does unicredit have neough elvarege to force a deicsion? gemran elctios public pressure; govnermetn may tarnish the repatuion of bnaks; post 08 its not hte best pr regualtion could be opened; that ocudl mean enormous amotu nsof time nad tesimotny and jsut a lack of cfoucs on the main thing form a businss pov

• culture clash as well

finanical ansalysi

• whats the revnue being imacped

  • loan volume;

  • deposit base

  • fee income

• scenario analyis

• compae

  Scenario	Value Creation
  Successful integration	High
  Partial integration	Moderate
  Political resistance delays plans	Low

What should you take away from this?

note how much the stock went down; it went from 123 to 32; thats 74%

what are the idffent pahrses; in phase 1 it looks like you have growht; frmo 30-120

what are some macro efactors that culd imapct it—-could there be interst rates;

they show the 52 week high and the 52 week low; 43.77,13.55 is th ernage; 34$ is there so it ends up appearing quite enerous rleatvie ot ethe low?

is the threat of entrants big when it comes to porters five forces for

they saw low to medium ebaesu its high cpaital intensity—-manfucuring; the parts (it cna cost 5x by youreslf to try making it; reugatlion); complex supply chian

foreing cpaital;; foreing evs can undercut and take market share; so how does this straetgy end upworkgin?

what about supplier interacation

depends; there are critical suppliers so thy have certain postion but oftentimes scale enables the automative company ot be abig customer as well of the suppleir

buyres

consumers are prce sensntivit; there is an aspriaitonal qualtiy; price trasnfperacy is an itnesing dnamic as is the case fro reatilros

market dynaicms

oligloly; so they compete on features and deal strcutures (such as rebates preferred financing long term warrnatines)

what was jordan’s best season in ppg?

1986-87, 37.1ppg

what was jeter’s stats in 2009?

.304/.406/.465/.871; OPS+ 125;

.304/18HR/66RBIs

robinson cano stats 2009

alexl rodrigiez stats 2009

texeira stast 2009

CC Sabatihia Stats 2009

Mariano Rivera Stats

s Le Pont de l'Europe ;

caillebotte

1876

peasant House at Éragny,

Pissarro

1884

La Maison Godard A Bois,

Pissaro

Cabourg: Le Debut De La Saison

Pissaro

es Domes Roses

Pissaro

Le Pont Neuf(

Camille Pissaro

Winter on Boulevard Montmartre

PIssaro

Mont Sainte-Victoire seen from Bellevue

cezzane

Pierre-Auguste Renoir, La Grenouillère

The Bridal Path, White Mountains

Winslow Homer

In the first half of the year, we achieved a return on CET1 capital of around 17%. While the year is not over, we are close to achieving the same level of profitability UBS had prior to the acquisition, underscoring our efforts over the last three years

what is the takeawy afrom this?

profitiably goes down during integriant; the ogal is to reutnr to that smae profiilbaly;

road-based growth across all our businesses

what quesiton should you ask; ok is growth broad based or segmented

Investment Bank delivered another quarter of exceptional returns while maintaining risk and capital discipline,what important to take into socnisdat here?

so its not just reutrns but also making sure that risk and cpiatal dsicplien are ther

how to eplxain data migration? thin kamadeus and the 2.0 platofrm

all clients migrated;an 90% of legacy business applications are no longer in use. T