amazing mastery | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com He who makes a beast out of himself gets rid of the pain of being a man. Tue, 14 Mar 2023 23:51:33 +0000 en-US hourly 1 https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/pitbullgif.gif?fit=32%2C22&ssl=1 amazing mastery | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com 32 32 155119938 We are still here, even with SVB failing https://wallstreetdealmaker.com/2023/03/we-are-still-here-even-with-svb-failing/ https://wallstreetdealmaker.com/2023/03/we-are-still-here-even-with-svb-failing/#respond Tue, 14 Mar 2023 23:51:30 +0000 https://wallstreetdealmaker.com/?p=2717 The news of the week is, of course, the failure and takeover of Silicon Valley Bank by regulators. Years ago, when I talked about the widespread mess in the venture capital world, almost nobody paid attention. Now with a run on this bank, folks are mindful of some of the … Continue ReadingWe are still here, even with SVB failing

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The news of the week is, of course, the failure and takeover of Silicon Valley Bank by regulators. Years ago, when I talked about the widespread mess in the venture capital world, almost nobody paid attention. Now with a run on this bank, folks are mindful of some of the things we said [power comes at a price]. I suggest you read this commentary where Fed’s insanely high interest rate increases is to blame for this mess.

Power is egregiously concentrated in the hands of a few, and that’s never going to change.

Time is favoring the wicked. It’s the way of the world.

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Fraud everywhere https://wallstreetdealmaker.com/2023/01/fraud-everywhere/ https://wallstreetdealmaker.com/2023/01/fraud-everywhere/#respond Sat, 14 Jan 2023 20:32:19 +0000 https://wallstreetdealmaker.com/?p=2697 One of the reasons I am blocked on most corporate intranets, attacked every day, and shadowbanned is the fact that I expose the fraudsters in Silicon Valley and the Valley of the Zombies that is Wall Street. It took years and years (we started here 10 years ago) for a … Continue ReadingFraud everywhere

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One of the reasons I am blocked on most corporate intranets, attacked every day, and shadowbanned is the fact that I expose the fraudsters in Silicon Valley and the Valley of the Zombies that is Wall Street.

It took years and years (we started here 10 years ago) for a reclusive corner of the academic world to come to the conclusion I came to 10 years ago: that accounting and earnings fraud is pervasive in America and goes, for the most part, undetected.

From NYT”

Dyck is a professor of finance at the University of Toronto, who just published a provocative new study on the pervasiveness of corporate fraudThe study has been passed around in the world of academia in recent weeks, and has become a fascination among general counsels, corporate leaders and investors.
It suggests that only about a third of frauds in public companies actually come to light, and that fraud is disturbingly common. Dyck and his co-authors estimate that about 40 percent of companies are committing accounting violations and that 10 percent are committing what is considered securities fraud, destroying 1.6 percent of equity value each year — about $830 billion in 2021.
“What people don’t get is how widespread the problem of corporate fraud is,” Dyck said about his study, which was published in the Review of Accounting Studies this month.
Dealbook, January 14th, 2023
Dealbook, January 14th, 2023

A professor from the University of Ontario did this study this month…It’s not about Sam Bankman-Fried…It’s about the hundreds of them out there no-one knows about…

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Facebook layoffs https://wallstreetdealmaker.com/2022/11/facebook-layoffs/ https://wallstreetdealmaker.com/2022/11/facebook-layoffs/#respond Thu, 10 Nov 2022 18:41:58 +0000 https://wallstreetdealmaker.com/?p=2681 According to CNBC, “Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told the company today, after which staffers were alerted via email whether their role was being impacted by the layoff. He said Meta is making reductions in every organization but that recruiting will be … Continue ReadingFacebook layoffs<-Crypto collapse->

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According to CNBC, “Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told the company today, after which staffers were alerted via email whether their role was being impacted by the layoff. He said Meta is making reductions in every organization but that recruiting will be disproportionately affected since the company plans to hire fewer people next year. The company extended its hiring freeze through the first quarter with a few exceptions, he added.”

The tech meltdown has just begun…hold on tight

People have asked me what do I make of the crypto downfall…Sequoia Capital marks down its crypto investment down to zero dollars it’s all part of life…what goes up, must come down.

Crypto heads have been emailing me non-stop…we’ve all on the akashic platform, people.

Sadhguru on the akashic records..

https://www.youtube.com/watch?v=sEyQQtbFEko
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Integrity in movement https://wallstreetdealmaker.com/2022/10/integrity-in-movement/ https://wallstreetdealmaker.com/2022/10/integrity-in-movement/#respond Tue, 25 Oct 2022 20:03:26 +0000 https://wallstreetdealmaker.com/?p=2673 Perhaps you have seen the prevalence of video in the past year or so. Blogging (for men) appears to be relegated to history. Yet a few courageous fellows -myself included- are still writing (I am at my number 474 article since we started on this journey, back in 2013). I … Continue ReadingIntegrity in movement

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Perhaps you have seen the prevalence of video in the past year or so. Blogging (for men) appears to be relegated to history. Yet a few courageous fellows -myself included- are still writing (I am at my number 474 article since we started on this journey, back in 2013).

I will acknowledge, however, that the golden age of blogs and journals is behind us. That’s one of the reasons I incudes a video in most posts, whether directed related to the writing or not. Blogging is a losing business monetary wise, and those of us still writing are just happy to share our thoughts and discoveries with the world.

Animal movements flow
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Kelly Criterion https://wallstreetdealmaker.com/2021/12/kellys-criterion/ https://wallstreetdealmaker.com/2021/12/kellys-criterion/#respond Fri, 31 Dec 2021 21:37:13 +0000 https://wallstreetdealmaker.com/?p=2549 I am a reader of Tom Tonguz’s blog (Tom is a venture capitalist at Redpoint Ventures). Although I’ve mentioned the Kelly Criterion before, it’s worth reading Tom’s post from earlier this year (Feb. 2021) where important investment attributes are discussed. “First, to calculate the expected value of an investment don’t … Continue ReadingKelly Criterion

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I am a reader of Tom Tonguz’s blog (Tom is a venture capitalist at Redpoint Ventures). Although I’ve mentioned the Kelly Criterion before, it’s worth reading Tom’s post from earlier this year (Feb. 2021) where important investment attributes are discussed.

“First, to calculate the expected value of an investment don’t use the average (also called the arithmetic mean); use the geometric mean. The difference is simple, but powerful.

Imagine you have three investment options, each equally likely. They return 100%, 50% and 0%. The arithmetic mean/average/expected value is 50%: (100+50+0)/3. The geometric mean is 0%: cubic root of (100500). The Kelly criterion says don’t invest. Quite a different result.

Second, size your investment properly. Invest too much and bankruptcy looms. Bet too little, and your returns won’t amount to a pile of beans.

How do you calculate how much to bet? Kelly criterion says to bet more the greater your edge and the likelihood of success.

KC = W - (1-W)/R

KC = kelly criterion (the percentage of your balance sheet to invest) W = probability of winning R = win/loss ratio…”

Tom Tonguz

Professional venture capitalists use it…

Until next year,

You Man,

Max Cantor

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Wisdom from the giants https://wallstreetdealmaker.com/2021/12/wisdom-from-the-giants/ https://wallstreetdealmaker.com/2021/12/wisdom-from-the-giants/#respond Tue, 14 Dec 2021 20:04:07 +0000 https://wallstreetdealmaker.com/?p=2540 I have quoted Alan Watts before. When you have some spare time, I invite you to listen to this talk “If you are going to be an expert archer, You must shoot before you think. Otherwise I’ll be too late.” Alan Watts Meanwhile, in investment banking… Steve McLaughlin of Financial … Continue ReadingWisdom from the giants

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I have quoted Alan Watts before.

When you have some spare time, I invite you to listen to this talk

https://www.youtube.com/watch?v=qqUVXVBwGgA

“If you are going to be an expert archer,

You must shoot before you think.

Otherwise I’ll be too late.”

Alan Watts

Meanwhile, in investment banking… Steve McLaughlin of Financial Technology Partners LP is “comfortably the highest paid investment banker in America [WSJ, Dec. 5th, 2021]

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The Ellipsis Manual book review https://wallstreetdealmaker.com/2021/12/the-elipsis-manual-book-review/ https://wallstreetdealmaker.com/2021/12/the-elipsis-manual-book-review/#respond Thu, 02 Dec 2021 18:21:56 +0000 https://wallstreetdealmaker.com/?p=2526 Chase Hughes Ellipsis Manual analysis and engineering of human behavior became a reference book for those who hold the power and are interested in controlling their subjects. Because, make no mistake, you and I are “subjects” in the hands of the higher hierarchy… In this book you learn language patterns … Continue ReadingThe Ellipsis Manual book review

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Chase Hughes Ellipsis Manual analysis and engineering of human behavior became a reference book for those who hold the power and are interested in controlling their subjects. Because, make no mistake, you and I are “subjects” in the hands of the higher hierarchy

In this book you learn language patterns and covert hypnosis.

Quick rules for field operators

“Drive emotion using fear, regret, sex, fulfillment and social acceptance.”

Always mimic breathing speed first.

Accidental body contact causes immediate, short-lived insecurity in just about everyone.”

The Ellipsis Manual

Deprogram society’s thoughts

“There’s a part of everyone, I guess, that just knows how to let go and enjoy.”

the ellipsis manual

Environmental shifts

“Changing your tie in the bathroom. Correcting a person you’ve just met on your name. Shifting which hand you eat with midway though a meal…Changing types of pens or notebooks in a meeting.

the ellipsis manual
Join hundreds of military veteran entrepreneurs and venture capitalists who are building the future at the Military Veteran Startup Conference hosted by Context Ventures on Fri. Feb 4th, 2022  in San Francisco, CA 

The book is written with the operative and subject instructions and has rich scenarios with Ericksonian hypnosis flavors and not coincidentally, is the Number 1 bestseller book on Amazon in the Hypnotherapy category in 2021.

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Do bad things happen to good people ? https://wallstreetdealmaker.com/2021/11/do-bad-things-happen-to-good-people/ https://wallstreetdealmaker.com/2021/11/do-bad-things-happen-to-good-people/#respond Wed, 03 Nov 2021 23:34:56 +0000 https://wallstreetdealmaker.com/?p=2511 You’ve probably heard variations of this line, whether it’s “bad things happen to good people.” or “good things happen to happy people” or “You know that saying, bad things don’t happen to good people? That’s a lie. – Tori Amos. Let’s look at some more thoughts on the subject: “I don’t … Continue ReadingDo bad things happen to good people ?

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You’ve probably heard variations of this line, whether it’s “bad things happen to good people.” or “good things happen to happy people” or “You know that saying, bad things don’t happen to good people? That’s a lie. – Tori Amos.

Let’s look at some more thoughts on the subject: “I don’t believe there’s a reason for everything, and having faith doesn’t mean I’m blind. I believe people make poor choices. I believe bad things happen to good people. I believe there’s evil in the word that I will never understand, but will never stop fighting. – Tammara Webbe

Peter Kreeft says there are no good people: “That’s what’s so striking about the title of Kushner’s book: When Bad Things Happen to Good People. How is that fair? Well, the answer to that is that there are no good people.”

Nicola Yoon is getting closer:

“People just want to believe. Otherwise they would have to admit that life is just a random series of good and bad things that happen until one day you die. – Nicola Yoon

“Don’t Expect What Goes Around to Come Around. Total jerks and evil people often get all the good breaks. Being nice guarantees nothing. Good things happen to bad people. Sometimes, things just don’t “balance out” or “work out for the best.” – Paul Pearsall

Paul Pearsall hit a home run. Let me explain. I know, as do you, plenty of rotten people are not only wealthy, they live glamour lives: money and health galore. Yes, their dog and squirrel sometimes die and they cry out for their misfortune, but let’s face it, they’re like Tesla, their stock only goes up. You’re asking yourself: “Is their karma this f-ing good ? Is my karma this f-ing poor ?

Myself and the 19th Century mystic G.I. Gurdjieff are the only people who said that time does not exist.

Here’s what I do:

I shit on rich and powerful front lawn (hopefully, not literally). I stand up for the underdog. Not like fake underdogs (hello, Chamath Palihapitiya). Welcome to the only website in the world for the oppressed, underserved, unappreciated and unlucky.

I am Spartacus [hello, Grand-Father]

For the girls in our lives we have a video today:

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The 3-day workweek at the office is here https://wallstreetdealmaker.com/2021/08/the-3-day-workweek-at-the-office-is-here/ https://wallstreetdealmaker.com/2021/08/the-3-day-workweek-at-the-office-is-here/#comments Mon, 09 Aug 2021 06:11:41 +0000 https://wallstreetdealmaker.com/?p=2461 To stay In returning to the post-pandemic work schedule it seems that most top white collar professionals, the main audience of this blog are set for the hybrid, at-the-office and out-of-the-home, work schedule model. Of course, dentists and doctors aren’t able to do that. (although telemedicine is growing). But lawyers … Continue ReadingThe 3-day workweek at the office is here

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To stay

In returning to the post-pandemic work schedule it seems that most top white collar professionals, the main audience of this blog are set for the hybrid, at-the-office and out-of-the-home, work schedule model. Of course, dentists and doctors aren’t able to do that. (although telemedicine is growing). But lawyers and other service workers are digressing.

This weekend WSJ’ article “”Lawyers Want to Bill More of their Hours From the Sofa” (Te Ching Chen) tell how lawyers are looking to cut down their office work hours.

“Ms. Koopersmisth [chairperson of Akin, Gump Staruss Haeur & Feld LLP] Akin Gump doesn’t expect laweyrs to go back to a traditional five-day office workweek. Instead it is offering flexibility on work location, and is asking its lawyers to spend the majority of time in the office starting next fall.

“We learned efficiency” says David Boies, chairman of Boies Schiller Flexer LLP, whose firm plans to require lawyers put in time at the office, but won’t mandate specific attendance requirements. And our clients have too.”

Now a major partner at legal recruiting firm Major, Lindsey & Africa, Ms. Fivel is brokering signing bonuses of up to $100,000 for associates who have the leverage to demand further perks, including the ability to work from the beach or the backyard. “This is a different word.”

WSJ, Aug 6, 2021

It is not just tech firms who have embraced the remote work model, but the legal profession also. Remote work is here to stay.

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It’s Elon Musk https://wallstreetdealmaker.com/2021/07/its-elon-musk/ https://wallstreetdealmaker.com/2021/07/its-elon-musk/#respond Tue, 13 Jul 2021 17:07:43 +0000 https://wallstreetdealmaker.com/?p=2447 Elon Musk Defends SolarCity Deal, Says of Being Tesla Boss: ‘I Rather Hate It’ – WSJ, July 12, 2021 It’s Elon being Elon. He hates it so much he built in into a $655 Bn (as of today) in the top ten S&P500 company. Musk is the lone board member… … Continue ReadingIt’s Elon Musk

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Elon Musk Defends SolarCity Deal, Says of Being Tesla Boss: ‘I Rather Hate It’ – WSJ, July 12, 2021 It’s Elon being Elon. He hates it so much he built in into a $655 Bn (as of today) in the top ten S&P500 company. Musk is the lone board member…

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