Wall Street Financier: Notes from High Altitude©
He who makes a beast out of himself gets rid of the pain of being a man.
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 …
Over here at Wall Street Financier: Notes from High Altitude we follow Cathie (Katherine) Wood, the world superstar of of the investment world ARKK Investment. ARKK Invest is a vehicle tailored towards stocks with secular growth trends. Kathy (or Cathie if you prefer) even has a monthly Bitcoin newsletter. I …
I want it, but I don’t. that seems to be Elon with his assumed soon-to-be-adopted pet, Twitter. Musk is not just backing away for no reason, he’s backing away because not all glitter is gold. “ The company, with the help of this lawyer at Wachtel tries to stop Elon, …
At J.P. Morgan’s new NYC headquarters that’ll be housing 14,000 employees, they’ll be offering free yoga and cycling classes. The tower is set to open in 2025. –Bloomberg, April 14th, 2022 The biggest Wall Street news is, of course, Elon Musk’s buying of Twatter, the “town square” of social media …
Bloomberg discusses a wealthy hedge fund manager’s pay, Jimmy Levin’s , 38, now CEO of Sculptor Capital Management in a Feb. 8, 2022 article “Set at 1.1%-1.5% in 2018, that figure was bumped to about 1.8% after Levin was promoted to CEO in April 2021. Eight months after he took …
Lat year saw the rise of the market’s retail MEMEs darlings: GAMESTOP, AMC, etc. It appears the SEC is now considering 1-Day settlement of trades (Barron’s, Feb. 9, 2022). One blog I’ve been following is Exec Sum. Their Feb 6th, 2022 article talks about Titan, an asset-management firm tracking and …
2021 was the year with the biggest bankers bonuses in history. From the Wall Street Journal: “At J.P. Morgan Chase & Co., compensation for investment bankers and traders rose 13%, about three times as much as the extra revenue they produced. J.P. Morgan is paying CEO Dimon $34.5 MM, $3 …
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 …
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 …
OZs or opportunity zones were enacted in the 2017 Tax Cuts and Jobs Act. If you invest capital gains from a previous investment in a building or business in a census tract designated as an OZ by a state governor, you can defer and reduce taxes on that initial gain, …
