How to deal with | 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. Thu, 15 Sep 2022 17:39:33 +0000 en-US hourly 1 https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/pitbullgif.gif?fit=32%2C22&ssl=1 How to deal with | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com 32 32 155119938 There’s no party like a Yacht Party https://wallstreetdealmaker.com/2022/09/theres-no-party-like-a-yacht-party/ https://wallstreetdealmaker.com/2022/09/theres-no-party-like-a-yacht-party/#respond Thu, 15 Sep 2022 17:37:43 +0000 https://wallstreetdealmaker.com/?p=2654 It seems that every time I write about HBS, the more I get attacked. The WSJ did a piece on Harvard’s Yacht parties last weekend: The Ultimate M.B.A. Networking Event? A Yacht Party in Croatia. (they don’t get attacked, since journalism on that scale can’t be silenced). The folks who … Continue ReadingThere’s no party like a Yacht Party

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It seems that every time I write about HBS, the more I get attacked. The WSJ did a piece on Harvard’s Yacht parties last weekend: The Ultimate M.B.A. Networking Event? A Yacht Party in Croatia. (they don’t get attacked, since journalism on that scale can’t be silenced). The folks who spends thousands on these parties (“Yacht Week” brought in $13 million! to the organizer, an outfit by the name of Day 8) are mostly freshmen. It’s not just Harvies, but Tuckies and others, too (Tuckies would be students at Tuck School of Business, Darmouth).

“The number of MBA-dedicated yachts expanded from 12 in 2019 to 95 in 2021, according to Day 8. These year there were 42 M.B.A. boats carrying roughly 500 people, according to the company. HBS students alone booked 28 yachts that took part in the festivities, up from 20 in 2021. Photos posted on Instagram last month showed some Yacht Week attendees in matching white hats with the HBS crest and a sailboat. Students from Stanford’s Graduate School of Business and Tuck came aboard, too, according to Day 8.”

WSJ

I won’t bother you with more details of these libations since most of us are more concerned with the price of meat going up by 9% this year but remember: these are your future leaders.

They ask that you don’t call them “fats cats”. “Slurpy cats” ?

To the futures Chairmen and Chairwomen of Goldman Sachs, I will tip my hat ! And get that venture capital money for your app-for-hangovers ready, people !

Until next time,

Your Man,

Max Cantor

Leadership
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Pets growth is part of a secular trend https://wallstreetdealmaker.com/2022/06/pets-growth-is-part-of-a-secular-trend/ https://wallstreetdealmaker.com/2022/06/pets-growth-is-part-of-a-secular-trend/#respond Mon, 13 Jun 2022 01:08:32 +0000 https://wallstreetdealmaker.com/?p=2624 While the home-gym movement has crushed from its pandemic growth as witnessed by Peloton’s struggles, the pet business growth is not only sustainable, but (although slower than ’21 and ’20) is here to stay. Americans have more pets and getting more pets. The number of single men and women should … Continue ReadingPets growth is part of a secular trend

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While the home-gym movement has crushed from its pandemic growth as witnessed by Peloton’s struggles, the pet business growth is not only sustainable, but (although slower than ’21 and ’20) is here to stay. Americans have more pets and getting more pets. The number of single men and women should increase fast and sure this decade… Here on this blog I made the point that legal marriage is a disaster for men, and finally men are catching up to skipping what they’ve been conditioned to consider a rite of passage. Marriage for men is boarding the Titanic; no more, no less. Living a single life, these men and women are adopting cats, dogs, reptiles, etc.

The WSJ this weekend touched on these numbers: Pandemic Pet Boom has legs.

Spending on pets grew 19.3% to $123 Billion last year, a much faster pace than the 7.3% growth seen in 2019.

And the trend could be inflation-proof: Early indications show that people might be more inclined to trade down on their own food than their pets’ kibble.

WSJ, Jimjoo Lee

“While the pet category is still a growing pie, the fight for those dollars is as fierce as ever. Both Petco and Chewy are making investments in healthcare as a way to boost their dollar share with customers. Petco is remodeling stores to expand the footprint of hands-on services such as vet care and grooming. Chewy, which already runs a pharmacy business, recently announced it will launch a wellness and insurance business. Petco is expecting to increase its capital expenses by 25% this fiscal year, while Chewy is aiming to spend 40% more. BarkBox, which started by selling a monthly dog-toy subscription, is adding food and dental like pet toothpaste to its assortment to make its client base stickier.”

WSJ
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Love in the time of Corona https://wallstreetdealmaker.com/2020/03/love-in-the-time-of-corona/ https://wallstreetdealmaker.com/2020/03/love-in-the-time-of-corona/#respond Fri, 20 Mar 2020 06:49:05 +0000 https://wallstreetdealmaker.com/?p=2025 The title of today’s sermon is somewhat off. It is an obvious allusion to Gabriel G. Marquez’s novel, Love in the Time of Cholera (first published in 1985), but really my title properly should have been “Love in the time of feminine power”, not the Corona(virus), since for three or … Continue ReadingLove in the time of Corona

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The title of today’s sermon is somewhat off. It is an obvious allusion to Gabriel G. Marquez’s novel, Love in the Time of Cholera (first published in 1985), but really my title properly should have been “Love in the time of feminine power”, not the Corona(virus), since for three or four decades the movement of “female empowerment” is more acute, pervasive and widespread than any pandemic can ever be.

Women have the greatest power and hold the highest ranks in government and business, yet every day they cry how they’re being oppressed by the white male. They’re 60% of college graduates and the majority in the workforce, yet they say that’s not enough. It is never enough.

Give us the world, and we will call you our “equals”.

It is a misconception that Wall Street ranks are some tough guys living it large with high expense accounts and playboy habits. 90% of the people who work or have worked on Wall Street in the last decade or two are herbs with no balls and no life, computer geeks and run-of-the-mill VBA coders programmed to worship women like the rest of us. I know, I’ve worked with them. A waiter working at your average restaurant has more personality than them. They probably have only one girlfriend who has carefully screened their wallet and to whom they will get married to. They probably have a dog or two of those rat-like Scottish terriers or something. And they probably have a woman boss.

Women control the wealth of the world, not men.

From the boardroom to the bedroom, men dance on women puppet strings.

I was watching this Mexican comedian Franco Escamilla’s segment- “Ventajas de ser mujer” (Advantages of being a woman). He gets a lot of things right about the majority of herbs. He said that most women in that audience if they wanted to, could sleep with 85% of the men in there while the top men (say the top 10%) could only get it on with 15% of the women in there. Advantages of being a woman: multiple orgasms (lasting up to 30 secs)… while men snap and crack. We debunked that because there is a way to become multi-orgasmic in men, it takes some work, it takes focusing on yourself not on pleasing the woman, but it is doable. Franco is trapped in the Matrix like the rest of us herbs going along with the status quo of female empowerment and male dis-empowerment.

Ok, Max, I’m a herb, I have a girlfriend who is pleased with my bank account. This is who I am. It’s my generation. The generation of women worshipers. The generation that works for women bosses. This is what has worked for me. I don’t have any spare time, and in the free time that I have I take my girl on vacations so she can post her smiley photos on Instacrap for claps.

That’s love in the age of Corona. Or Cholera, whatever.

Frankly, I understand. If you don’t go with the program, they’ll spit you out. The Matrix doesn’t take any prisoners. You’re easily replaceable. You have to live in a female-dominated world. You are one and they are hundreds of millions, billions of tiny little packed bits of the Matrix. You’re living in the Matrix.

Ok, now that we know we are not referring to the novel Covid-19 virus, but to the female-centric society, you should acknowledge, and be proud of your dependency to women’s greatness. Bow to the magical feminine power.

Herb lines

I am a feminist.”

If you tell that to a girl you met, you’ve set the record straight. You don’t wanna be second-guessed.

I practice social-distancing.”

I heard that phase as a recommendation to preventing this virus, but I would extend it and use it as a valid introduction in any social interactions, way after the Coronavirus epidemic stops being an issue.

When you see some girls talking and giggling among themselves, go up to them and say:

“What are you guys talking about ? Is it Beyonce ? Tell me it is about Beyonce.”

I once started talking to a girl and told her: ” I vote to make prostitution legal.” She wasn’t too happy to hear that one out, so I explained myself: “With prostitution legal, there’ll be fewer abortions. Life begins in the fetus.” She left with a headache.

Another herb line: “If an orgasm falls onto deaf ears, is it still happening ?

And another one: “I feed my (female) dog vegetable chicken breasts. What do you guys think, will she be growing breasts ?

My rat-looking dog gets a lot of male-on-male attention

If you have a male dog, ask the girl:

“My dog is only humping other male dogs in the park. Do you think he is gay ?” If she says “Probably” say, “So happy !”

When you introduce yourself, sometimes it pays to just introduce yourself by the Zodiac sign. Say: “I’m a Sagittarius.

Consider wearing a white suit when you go to a club. You’ll stand out. If they ask about it, just say : “White Party.”

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How To Deal with Trump type Question https://wallstreetdealmaker.com/2016/11/how-to-deal-with-trump-type-question/ https://wallstreetdealmaker.com/2016/11/how-to-deal-with-trump-type-question/#respond Wed, 16 Nov 2016 01:34:00 +0000 http://wallstreetdealmaker.com/index.php/2016/11/16/how-to-deal-with-trump-type-question/ A reader writes: “I have a boss that’s like a twin clone of Donald. He’s “larger than life”, imposing, snappy and controlling and folks tremble when we are in a meeting with him. He’s unhappy with my reports (I’m a Controller at a middle market company), gnashes his teeth at … Continue ReadingHow To Deal with Trump type Question

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A reader writes: “I have a boss that’s like a twin clone of Donald. He’s “larger than life”, imposing, snappy and controlling and folks tremble when we are in a meeting with him. He’s unhappy with my reports (I’m a Controller at a middle market company), gnashes his teeth at me and often says to me: “What’s this? You call this a report ?”, “I know what you’re up to.”, “Relax, we are the good guys”, “We’ve got one for the ages.”, “Do you catch a breath when I look at you?” “Shit storm ahead, what color is your parachute ?” “See what you made me do ?” or one morning “Did your wife wolf down your breakfast ?”.

Even on the golf course where he generally is in a good mood, if he loses he likes to blame it me. “If you had your priorities straight…I lost my spine angle because you’re terrible!” How do I deal with him short of handing my resignation ?

Answer: You have an easy job. Imagine you had the job of reporting Donald’s holding positions to him. Reports say Donald’s worth 3.74 Bn as of 2016 but he says is $10 Bn. “Snappy and controlling”, if I had a dime every time I heard that…First, please note I’m not going to write you on how to be indispensable for your position or title or on how to deal with demanding bosses. Most if not all bosses are demanding. I can make some suggestions if you think you are being bullied. Also, I will not lecture office politics in this post. You should already have a handling on that. If you haven’t established some sort of bonding with your boss outside of work, you should do that too. Women bosses can be just as nasty as this male boss, if not even worse.

1. Rearrange the setting or office environment if you can. Rearrange the furniture, maybe the room where you are having these interactions. Or next time you see him make it in a different office, not his, not yours. Bullying works on predictability. Familiarity breeds contempt.

2. If you are driving with him somewhere, slam on the brakes. If you’re at a business lunch, lunge forward into his space. You can go into a frenzy saying stuff like “They’re trying to poison me with a kilo of salt in these veggies” or “They distilled pee into this wine”. At one point, your boss might try to calm you down, seeing that you’re out of character. You need to thank him for saving your day.

3. Take your boss out on a hunting trip. Once there, leave him without a rifle and any help for five hours. Life is brutal and that is an unknown experience to powerful people. Power comes from having power over people. At the end of the day say you lost him. He will get mad but he may see you helpful. A hunting trip can be substituted for anything that is not a carefully scripted experience.

“Are you gonna bark all day, little doggie, or are you gonna bite ?” (from the movie, above)

“Boss, do you like slumming ?”

“Boss. why did the turkey cross the road ? A: To prove it’s no chicken”,

“How many Donald Trump supporters does it take to change a light bulb?

Look, we can change the light bulb. That I will tell you. We’re changing it, ok? And I understand what you’re saying, I hear it all the time. People call me and say “Is the light bulb really dead?”. That’s what they are asking me, its unbelievable. The light bulb is in big trouble, that I can tell you. But we are going to change it.” Laffgaff

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