Wall Street Financier: Notes from High Altitude©
He who makes a beast out of himself gets rid of the pain of being a man.
Aug. 13th, 2020 Bloomberg article The Age of the Everything Banker Is Here: Get Ready for Odd Jobs brings up to the forefront the reality of the IB profession changing landscape. Three months ago I boldly said that up to a third of IB jobs will be lost. People got …
I had a conversation on Monday with a Goldman Sachs senior banker -he’s still working from home. Goldman brought back to office this week about 10% of employees nationwide. These are the critical infrastructure people. He is lucky to keep his job, and that’s only because he’s been at it …
You’ve probably already read Treasury Dept. yesterday’s Press Release (full text). “Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved …
We’re leaving the nerds behind today. Did you really think I like talking about The Practical Byzantine Fault Tolerance (PBFT), SIEVE, Cross-Fault Tolerance (XFT), Proof of Elapsed Time, Hyperledger Iroha, Hyperledger Burrow, Ripple & Stellar Blockchain, Ripple Consensus Protocol Algorithm, Stellar Consensus Protocol Algorithm, and other nerdy stuff ? No …
U.S. stocks plunged Thursday in their worst day since the 1987 Black Monday crash, ending the 11-year bull market. If you’ve been following my blog, you know I expected a downturn and an end to the bull market in the last quarter of 2017. When that didn’t happened, the dumbshits …
Over 6 years ago when John Lefevre @GSElevator wrote the The Unofficial Goldman Sachs Guide To Being A Man, we laughed at it. The Guide became popular because it is insolent and gumptious and full of self-reverie. It is time that someone wrote a real guide not only for the …
In a Wall Street Journal article dated Oct. 31st, 2019, Susan Pinker describes a recent study that shows people are more likely to lie on fast-response times rather than delayed-time responses. According to the [traditional view], the best way to get people to tell the truth is by eliciting lightning-quick …
This Month Forbes Magazine portraits Orlando Bravo of PE firm Thoma Bravo in this front cover magazine article Meet Wall Street’s Best Dealmaker: New Billionaire Orlando Bravo (81, 844 views so far). ” In February, the French business school HEC Paris, in conjunction with Dow Jones, named Thoma Bravo the …
Perhaps your birthday is coming up. Or it has already been. What does that mean ? It means one more time to be labeled and classified. When I say your B-day is your Death day, dumbshits get perplexed. Uneasy. The don’t like that type of classification. Here is another question …
Perhaps you’re a poker player. Perhaps not. Bloomberg news yesterday wrote a piece on the study called Hedge Fund Hold’Em. ” Academics Yan Lu, Sandra Mortal and Sugata Ray try to answer the question in a new paper titled “Hedge Fund Hold’em.” This is part of an emerging academic interest in correlating …
