OIG General Board Meeting (11/20/2013)

The meeting started at 9:10 pm.

Kathy did a quick market update. Consumer Price Index(CPI), a measure of Inflation, fell in October largely due to drop in energy prices. Inflation still remains low, below the target of 2%.Lower CPI could provide Fed officials with more reasons to continue the bond buying program in upcoming months. Also, JP Morgan announced an additional $13 billion settlement with US department of justice. On the other hand, Asian Markets started the week higher with Chinese stocks among the top gainers. Beijing released a more detailed reform plan outlining more foreign investment in the financial sector and a revamp of initial public offerings.

 After that Bryce did quick portfolio update. Quantitative easing was tapered on Tuesday due to which our stocks were affected. Quantitative easing, according to Investopedia, is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.

Then, Dingwei did a presentation on Interview skills. Interviews focus on three different skills: technical, behavioral and personal. She presented on behavioral and personal skills. Few points were:

  • Research your employer and know what they are trying to look for you
  • Use powerful words
  • Be concise
  • Reflect yourself in the interviews

Then she showed us two different ways of tackling behavioral skill section of interview:

-STAR:Setup,Task Action,Result

-PARADE:Problem, Anticipate, Role, Action, Decision Making rationale, End result

After the quick presentation on behavioral interview skill, the meeting ended.

Happy Thanksgiving to everyone! We will meet you in Taylor G at 9pm on December 4. Have a nice holiday!