The Wall Street Skinny
This podcast is a smart and entertaining peek into the world of investment banking, sales & trading, private equity, hedge funds and more. Hosted by two lifelong friends with a passion for teaching, and over two decades of experience on Wall Street. Discover the basics, ranging from “what is investment banking?” to “what moves markets?". Learn about different roles and exit opportunities, and get tips on how to land the job. Our mission is to make the world of Wall Street accessible to everyone, while keeping things relatable and fun.Whether your goal is to work on Wall Street, or if you have...
S3 E23 · Sat, March 29, 2025
150. Real Estate, Sports Investing, and Venture Capital Feat. David Adelman
Send us a text It's our special 150th episode!! We’re reuniting with billionaire investor and CEO David Adelman (whom you may remember from our “Sports Investing 101” episode) for a deep dive into his multifaceted empire and brilliant business acumen. David’s story is the stuff of legend. After making his first real estate investment with his bar mitzvah money at the age of 13, David ultimately rose to become CEO of Campus Apartments, followed by FS Investments and Darco Capital. First, David walks us through the key principles of investing in commercial real estate. He shares lessons about utilizing leverage, identifying niche markets, and paying attention to young trend-setters. We get a crash course on Real Estate Investment Trusts (“REIT”s), and learn how to avoid the pitfalls of chasing frothy markets. Then, by explaining the history of FS Investments, David walks us through being an early mover on delivering access to private capital investments to non-institutional investors. Next, David delves into his role as a partner in Harris Blitzer Sports Entertainment. He covers the nuances of sports investing vis-a-vis his ownership stakes in the Philadelphia ’76ers, the New Jersey Devils, the Washington Commanders, and Premier League football team (a.k.a., soccer) Crystal Palace. But it’s not just about the teams. David is laser-focused on his newest passion project: developing a world-class sports arena in Philadelphia, set to open in 2030. And last — but certainly not least — we discuss American Harvest, his luxury vodka brand, and the challenges of conquering the alcohol segment of consumer retail. Above all, David shares countless hard-fought lessons he’s learned in business. Chief among them? “Don’t be afraid to fail”. Follow David on Instagram @davidadelman and Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bulli
Sat, March 22, 2025
149. Private Wealth Management 102: RIAs vs. PWM in House at a Big Bank ("Wirehouse") feat. Susan Moffat
Send us a text Join hosts Jen and Kristen on The Wall Street Skinny for an insightful exploration of wealth management, as they sit down with Susan Moffatt, co-founder of Curated Wealth Partners, who expertly unpacks the intriguing differences between independent Registered Investment Advisors (RIAs) and prestigious wirehouses like JP Morgan and UBS. Susan provides an exclusive behind-the-scenes look at the multifamily office model and private wealth management, sharing her personal journey and extensive industry experience. Learn firsthand what managing ultra-high-net-worth clients truly involves, from intricate asset allocations to bespoke financial planning strategies. She also offers invaluable guidance on navigating career paths within this rewarding field, dispelling common misconceptions and revealing genuine opportunities available to those aspiring to enter the competitive world of private wealth management. Additionally, Susan delivers insightful advice on successfully reentering or pivoting within finance, reflecting on her own unique experiences stepping away from and later returning to the industry. Tune in for actionable insights, compelling career stories, and insider knowledge designed to empower you Susan Moffat is co-founder and president of Curated Wealth Partners, a multi-family office and investment advisor delivering financial advice and well-being to a growing community of clients. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-di
S3 E22 · Sat, March 15, 2025
148. "Bitcoin and Birkins": The Ethics of Crypto and the Evolution of Female Investors in the Middle East, feat. Mona Hamdy
Send us a text Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S3 E21 · Sat, March 08, 2025
147. The Points Guy's Points & Travel Guide for Wall Street Professionals
Send us a text In this episode, we sit down with Brian Kelly, aka The Points Guy , to break down the basics of optimizing your credit card strategy, especially for finance professionals and consultants who travel frequently, entertain clients, or rack up significant corporate expenses. We dive deep into: ✅ Choosing the Right Credit Card: The best cards for maximizing points on travel, dining, and business expenses—and why cash-back cards might not be your best bet. ✅ Making Your Corporate Travel Work for You: How to strategically use company travel, corporate cards, and even reimbursable expenses to build a massive points portfolio. ✅ Elite Status vs. Points Hoarding: Why blindly chasing status might not be worth it—and how to actually leverage loyalty programs for the best perks. ✅ Redeeming: The biggest mistakes people make when cashing in points, how to unlock business and first-class flights for a fraction of the cost, and why redemptions (like gift cards) are a terrible deal. ✅ The Perks No One Talks About: From purchase protections to travel insurance, lounge access, and unexpected ways your credit card can save you thousands. If you’re in investment banking, consulting, private equity, or any high-travel finance role , this episode will change the way you think about credit card points—and help you optimize every dollar you spend. Find Brian's book, "How to Win at Travel" HERE Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247746017a445f2b95a
S3 E20 · Sat, March 01, 2025
146. Entrepreneurship Through Acquisition 101 feat. Jesse Safir
Send us a text Join us as we dive deep into the world of Entrepreneurship Through Acquisition (ETA) with our guest, Jesse Safir, President of ABG Print. In this episode, finance enthusiasts and budding entrepreneurs will find a treasure trove of insights about search funds, self-funded searches, and the nitty-gritty of buying and operating a small business. Jesse shares his journey from being an investment analyst to becoming the President of a printing company, shedding light on the decision-making process, the importance of due diligence, and the challenges encountered along the way. Discover the intricacies of financing acquisitions, including the roles of bank debt, seller debt, and SBA loans in structuring deals. Jesse's firsthand experience with navigating these financial tools provides a practical guide for anyone looking to understand the financial frameworks that support entrepreneurship through acquisition. He explains the nuances of asset versus stock purchase deals and the critical considerations for evaluating a business's financial health and growth potential. Financial listeners will also hear about the impact of external market shocks, like the COVID-19 pandemic, on small businesses and the strategies employed to navigate these turbulent times. Jesse offers a candid look at operational pivots, cash conservation techniques, and the resilience required to not only survive but thrive through unprecedented challenges. This episode is a must-listen for anyone interested in the intersection of finance and entrepreneurship, offering a masterclass in business acquisition, management, and recovery. Follow Jesse on LinkedIn here: https://www.linkedin.com/in/jessesafir/ Follow ABG Print on Instagram @abgprint Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HE
S3 E19 · Tue, February 25, 2025
145. Industry S2E6 | "Short to the Point of Pain": GameStop, Short Squeezes, Fundamentals and More
Send us a text In this episode, we break down Season 2, Episode 6: "Short to the point of pain". The plot centers around FastAid, a company caught in the middle of a short squeeze reminiscent of GameStop’s 2021 rally. We analyze the mechanics of short selling, how hedge funds and institutional traders manage risk in volatile positions, and why liquidity and market perception play crucial roles in determining price action. The episode highlights how traders react to crowded short positions and the ways in which misreads on positioning can lead to significant losses. The discussion also touches on market-making, bid-ask spreads, and the importance of accurately assessing order flow in a high-pressure trading environment. Jesse Bloom’s reference to the Martingale betting strategy provides insight into flawed risk management approaches that have historically led to major financial losses. We break down how doubling down on losing trades can amplify risk, drawing parallels to hedge fund collapses and the dangers of overleveraging in financial markets. Additionally, the episode examines how narratives and sentiment, rather than fundamentals, often drive price action—echoing the GameStop short squeeze, where retail traders forced institutional investors to exit short positions at unsustainable prices. The FastAid trade also raises questions about the role of market makers, liquidity providers, and how short-term pricing inefficiencies can be exploited. Beyond the trading floor, the episode also explores the broader implications of professional decision-making in finance. Gus’s career shift highlights the tension between public service and financial ambition, mirroring real-world debates about the role of finance professionals in shaping economic policy. Meanwhile, the discussion of legacy and career trajectory reflects how i Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S3 E18 · Sat, February 22, 2025
144. Pete Muller, Founder of PDT Partners on Building One of the Top Performing Quantitative Hedge Funds
Send us a text In this episode of The Wall Street Skinny , we sit down with one of the most legendary quant investors of all time—Pete Muller. As the founder of PDT Partners, one of the top performing quantitative hedge funds that spun out of Morgan Stanley, Pete shares his fascinating journey. He offers a behind-the-scenes look at how statistical arbitrage strategies drive market success, the importance of building a strong research-driven team, and why trust and collaboration are essential in quantitative finance. Beyond the trading floor, Pete’s story takes unexpected turns. From high-stakes poker games that sharpened his risk management skills to a deep passion for music, he discusses how these seemingly unrelated pursuits have shaped his approach to investing. He also delves into the emotional side of finance—how quants, despite relying on models, still experience the highs and lows of market movements, and why understanding human psychology is just as critical as analyzing data. Whether you’re an aspiring quant, a seasoned investor, or just someone intrigued by the intersection of finance, strategy, and creativity, this episode is packed with insights. Plus, as a special treat, we close the episode with a song from Pete Muller and the Kindred Souls—his band that embodies his lifelong love for music. Tune in for an engaging discussion on markets, models, and the unexpected ways in which finance and the arts collide. Find more about Pete’s music at https://www.petemuller.com/ Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk
S3 E17 · Wed, February 19, 2025
143. Industry S2E5 | "Kitchen Season" MD Promotion Process, On Campus Recruiting, M&A & More!
Send us a text Season 2, Episode 5 titled Kitchen Season, kicks off with a discussion on the intricacies of investment banking promotions, specifically focusing on the elusive Managing Director (MD) title. Kristen and Jen explore how promotions in finance are not linear and often depend on numerous factors including firm politics, desk performance, and the candidate's rockstar qualities. They dissect Rishi’s predicament, comparing the rapid ascent of star traders versus those who languish in executive director roles for years. The conversation then shifts to the critical implications of mergers and acquisitions, highlighting a potential Amazon and FastAid deal that could spell disaster for smaller competitors like Rican. As Gus finds himself privy to insider information in his political role, the stakes rise significantly for Jesse and Harper’s financial strategies. Kristen and Jen break down the potential fallout from these corporate maneuvers and what it means for the characters involved. Listeners are then treated to an analysis of the recruitment strategies employed by investment banks, illustrated through Robert's experience at Oxford. They discuss how top-tier firms entice the brightest minds with promises of prestige and financial rewards, revealing the high-pressure tactics used to lure in future bankers. This episode is a must-listen for finance enthusiasts as it intricately ties personal struggles with professional growth in the high-stakes world of investment banking. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-
S3 E16 · Sat, February 15, 2025
142.Bridgewater Co-CIO Karen Karniol-Tambour on on The Future of Investing, AI, and Beating the Market
Send us a text In this episode of The Wall Street Skinny , we are beyond thrilled to welcome the incredible Karen Karniol-Tambour, Co-Chief Investment Officer of Bridgewater, the world's largest hedge fund. Karen is one of the most powerful and influential figures in finance today, regularly featured on Barron’s and Forbes' most influential lists. We recorded this conversation live at Global Alts, diving deep into market concentration risk, the evolving role of active vs. passive investing, and the implications of groundbreaking AI advancements like DeepSeek. Karen’s insights into macro investing, the S&P 500’s increasing tech dominance, and how investors should think about volatility in today’s environment make this a must-listen for anyone interested in financial markets. Beyond her expertise in finance, Karen’s journey is a testament to intellectual curiosity and resilience. She shares her unconventional path from Princeton to Bridgewater, the value of asking tough questions, and why the best investors aren’t always finance majors. We also explore the broader intersections of finance, technology, and global economic shifts, touching on why hedge funds remain critical in an increasingly complex world. Plus, Karen gives us a glimpse into her newsletter, Connecting the Dots , which brings Bridgewater’s deep investment research to a wider audience—offering valuable insights even if you’re not an institutional investor. Finally, we talk about something that resonates with so many of our listeners: balancing motherhood and a high-powered finance career. Karen shares her experiences navigating this demanding industry while raising a family, offering wisdom on leadership, time management, and breaking barriers for women in finance. Whether you’re an investor, a finance enthusiast, or just someone who loves a story of grit and brilliance, this episode will leave you inspired. Tune in now! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such in
S3 E15 · Tue, February 11, 2025
141. Industry S2E4 | “There Are Some Women”: Forming an Investment Thesis, Comp, Power Plays & More
Send us a text In this jam-packed episode of the Unofficial Companion Podcast to HBO Max's Industry , we dive into Season 2, Episode 4, There Are Some Women. This week, we delve into the nuanced depiction of compensation negotiations, or "comp season," exploring the implications of Harper's bonus reveal and the significance of her $25 million contribution to PeerPoint. What does it mean to be "paid at the upper end of the band"? And why do analysts and associates have their bonuses capped, even when they deliver exceptional results? We also touch on the regulatory requirement of "mandatory two-week vacations" in the trading world, designed to uncover potential fraud—a detail that adds authenticity to the storyline as Eric grapples with his sidelined status. We also dissect the fictional telemedicine company FastAid, a thinly veiled reference to the shifting healthcare market dynamics. From the challenges of last-mile care to the implications of Big Tech’s consolidation in the healthcare space, we discuss the real-world parallels of Amazon's acquisition of One Medical and how it reflects larger trends in private equity and telemedicine. The episode further explores the financial strategies of Yasmin's family office, raising questions about liquidity management, diversification, and the role of private equity in reshaping legacy businesses. Finally, we examine how power dynamics permeate every facet of the characters' lives—whether it's Eric's struggle for control, DVD’s attempts to outshine Harper, or Gus’s foray into politics. Mentor-mentee relationships beco Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Public One place for all your investing Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S3 E14 · Sat, February 08, 2025
140. Sports Investing 101 with Eli Manning and David Adelman
Send us a text In this episode of The Wall Street Skinny , Jen and Kristen dive deep into sports investing. They discuss the structural shifts driving new opportunities, including changes in private equity rules that now allow institutional players to invest in NFL teams. They also break down the cash flow mechanics behind major leagues like the NFL, NBA, and MLB—revealing why some leagues are financial juggernauts while others face stark disparities between high and low earners. The discussion continues with key insights on revenue-sharing models, salary caps, and the differences in local vs. national-level cash flows across the major sports leagues. The NFL stands out for its near-guaranteed profitability through lucrative national TV contracts and rigid salary caps, while the NBA and MLB face more complex financial landscapes. They explore how ownership stakes, infrastructure investments, and strategic planning play critical roles in maximizing profits for investors. With special attention on high-profile sports franchise investors, they illustrate how both billionaires and smaller investors are making plays in this competitive market. The episode features exclusive interviews with NFL legend Eli Manning and sports investor David Adelman, who share their experiences navigating this space. Eli Manning discusses his transition from athlete to investor, explaining how he’s strategically leveraging sports-related business adjacencies such as media, youth sports, and equipment. Meanwhile, David Adelman delves into his investments in the Philadelphia 76ers and an upcoming state-of-the-art sports arena, demonstrating how commercial real estate and sports ownership can create powerful synergies. Whether you’re a casual sports fan or a seasoned investor, this episode offers a comprehensive breakdown of how the busin Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S3 E13 · Wed, February 05, 2025
139. Industry S2E3 | "The Fool" Block Trades, Proxy Votes, Private Placement & More
Send us a text In this episode, we dive deep into HBO Max's hit show Industry Season 2, Episode 3, titled "The Fool." We unpack the intricate financial concepts and ethical dilemmas that drive the plot, exploring topics like block trades, private placements, proxy votes, insider trading, and more. We break down the logistics of block trades —massive transactions conducted outside public markets to minimize disruption—and how they differ from private placements , where securities are sold directly to strategic investors. With a focus on Jesse Bloom's 42% stake in RYKAN, we analyze the risks and implications of these financial moves. The episode also highlights the power of proxy votes , which enable shareholders to influence major corporate decisions without being directly present. We explore how ceding or maintaining voting rights can become a critical factor in corporate governance, mergers, and acquisitions—especially when conflicts of interest arise, such as suppressed information about RYKAN’s missing analysis. Finally, we delve into the ethical strategies behind long-term versus short-term financial decision-making. Harper's bold move to encourage Jesse to increase his stake in RYKAN at the cost of immediate dividends challenges the traditional focus on quick profits, emphasizing the potential for future market leadership. Join us as we dissect the financial intricacies and strategic maneuvers of Industry 's gripping storyline, offering a nuanced look into the high-stakes world of hedge funds, corporate governance, and ethical finance. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disc
S3 E12 · Sat, February 01, 2025
138. What You Don't Know About Marriage Could Cost You (and when NOT to move to Texas!) Feat. Celebrity Divorce Attorney Kristina Royce
Send us a text As a follow-up to our prior conversations about finance and love, we sat down with celebrity divorce attorney Kristina Royce to delve further into the intersection of finances and relationships. We address questions that even some of the best minds in high finance may not know the answer to, like: - is common law marriage real? - what are the advantages and disadvantages to getting married and divorced in specific states? - how are alimony and child support determined? - when do I need a prenup or postnuptial agreement? - how should I be smart about shared and separate bank accounts? - what about real estate? inheritances? businesses in my name? - how do separations, mediations, and no fault divorces work? - what risks am I exposed to if I quit my job while I'm married? We cover the importance of financial intimacy, the role of attorneys throughout the process, the variations in divorce laws across states, and practical advice for couples considering separation or divorce. Kristina also highlights key considerations around financial independence, especially for women. Above all, we emphasize the importance of being educated about your legal rights and obligations in the context of marriage and finances. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this accoun
S3 E11 · Tue, January 28, 2025
137. Industry S2E2 | "Giant Squid" Block Trades, IPOs vs. Other Equity Offerings, Perception of PWM & More!
Send us a text In this episode of the unofficial companion podcast to HBO Max's hit show 'Industry,' Jen and Kristen delve deep into the financial intricacies presented in Season 2, Episode 2, titled 'Giant Squid.' They start by dissecting the concept of block trades, highlighting how institutions handle large stock transactions and the associated financial risk. The discussion ties this to a real-world example of a recent $2 billion block trade by Citi and the potential losses from such high-stake financial maneuvers when investor demand is miscalculated. Jen and Kristen also provide insights into Equity Capital Markets (ECM) and Initial Public Offerings (IPOs). They explain the role of underwriters in building the order book and pricing the shares to ensure a successful IPO, emphasizing the importance of the roadshow in generating investor interest. They break down the differences between primary and secondary offerings, and discuss "rescue financing" in the context of private equity involvement. The hosts take a critical look at the private wealth management (PWM) sector as portrayed in the show. They discuss the stereotypes and realities of PWM roles, contrasting them with the fast-paced environment of institutional sales and trading. They underscore the impact of interpersonal relationships on financial success, using Celeste's mentorship of Yasmin as a case study. Through these discussions, Jen and Kristen not only enhance viewers' understanding of the dramatic plot but also provide a robust financial education. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing invo
S3 E10 · Sat, January 25, 2025
136. The Skinny On...AAPL Downside, $Trump Coin, and Credit Portfolio Trading
Send us a text In this episode of "The Skinny On...", hosts Kristen and Jen discuss several hot topics including a sneaky potential catalyst for disappointing Apple earnings going forward. They explain --- through personal experience --- how the TikTok ban-or-sale ruling may have farther-reaching consequences than were initially perceived, and how lack of access to the app for new and upgrading iPhone users may negatively impact sales. They also delve into the controversial $Trump coin and Trumponomics, examining the ethical and regulatory concerns surrounding cryptocurrencies and investments tied to political figures. Additionally, for newbies entering the industry trying to decide which desk is right for them, we talk about recent shifts in Credit Sales & Trading with respect to the rise in portfolio trades specifically. What does it mean for your career when a product becomes more commoditized and more electronic? It's not always cut and dry, so tune in to learn more! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S3 E9 · Tue, January 21, 2025
135. Industry S2E1 | “Daddy”: Block Trades, CDS, Work From Home and Office Politics
Send us a text In this episode of the unofficial companion podcast to HBO Max's hit show "Industry", Jen and Kristen dive into the premiere of Season 2, titled "Daddy." They provide a deep analysis of critical finance concepts such as block trades, sales credits, credit default swaps (CDS), and the impact of market volatility on trading desks. The duo examines how the show accurately portrays the challenges of navigating market disruptions, client relationships, and the competitive dynamics between sales and trading teams. A significant portion of the discussion revolves around the show's depiction of the COVID-19 pandemic's impact on financial markets. Jen and Kristen offer expert commentary on the logistical challenges faced by trading desks during the market turmoil of 2020, including disaster recovery setups, the rapid adaptation to remote trading, and the implications for risk management and profitability. They also discuss how cultural shifts have altered workplace dynamics and the pressure to produce results in an evolving industry. Throughout the episode, Jen and Kristen analyze key plotlines, such as Harper's strategic positioning to land major clients, Robert's journey to assert his role in sales, and Yasmin's navigation of internal politics and client management. They provide sharp insights into the nuanced world of high finance, offering listeners an in-depth look at the industry's complexities and what it takes to succeed. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and
S3 E8 · Sat, January 18, 2025
134. Succeeding as an Equity Long/Short Portfolio Manager Feat. Avery Sheffield, Co-Founder & CIO of VantageRock
Send us a text Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S3 E7 · Fri, January 17, 2025
133. The Skinny on...TikTok Sale-or-Ban, CA Fires & Insurance, & the Biz of Big Banks
Send us a text In this episode of "The Skinny On...", we discuss the looming deadline for a sale or potential ban of TikTok in the United States, and speculate as to who might rescue it with a purchase. We approach the problem through the lens of an Investment Banker, thinking through the comps, valuation metrics, strategic interests, and antitrust implications. We also follow up on last week's conversations about the wildfires in California from a homeowner's insurance standpoint, and address the complexities of state-by-state legislation which, while perhaps well-intentioned, has led to disastrous consequences when ti comes to coverage in the impacted areas around LA. And finally, we share a personal story about how investment bankers can be pretty dumb when it comes to personal banking. We explain why banks don't pay anything on their deposits relative to their scrappier competitors, and how we almost forgot this ourselves. Check out our FREE LIVE MASTERCLASS on Jan 23rd at 12pm EST! Learn the key technical concepts you need to ace your Investment Banking or Private Equity interviews. Even if you can't join live, register now to catch the 48h replay! https://courses.thewallstreetskinny.com/Jan2025-masterclass-registration-page-IB-technicals?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=c96d5fc1164a9281b4369dc76031e1d4a42ea76e Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, regist
S3 E6 · Tue, January 14, 2025
132. Industry S1E8 | "RIF Day": Buy the Dip, Short the VIX, F**K Bitcoin
Send us a text In this episode, we dive into the financial concepts and themes explored in the Industry season finale, "Reduction in Force." RIF day at PeerPoint brings decisions that reveal the power dynamics between the firm’s old guard and the new wave of leadership. We analyze the mechanics of RIF day, exploring how performance reviews, client relationships, and strategic alliances influence hiring decisions in a competitive environment. This episode also unpacks trading floor terminology like market liquidity and circuit breakers. We break down the dynamics of thin liquidity and how it amplifies market volatility, with real-world examples from events like the 1987 crash and the COVID-19 market turbulence. Additionally, we explore the role of sales in finance, debating whether relationship-building and charm can truly compensate for technical expertise. Finally, we discuss the broader implications of mentorship, power struggles, and the shifting culture in finance. From the tension between Harper and Daria to Eric's controversial return, we highlight the complexities of leadership styles and career survival in high-pressure roles. Join us as we dissect the intersection of finance, workplace politics, and character development in one of Industry 's most pivotal episodes. If you're here for the finance or just fascinated by the fast-paced world of investment banking, this episode offers a deep dive into the lessons and realities of life on the trading floor. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: </b
S3 E5 · Sat, January 11, 2025
131. Drugs & Alcohol on Wall Street + the Business of Beverages w / Carl Radke from Bravo's Summer House!
Send us a text This week, Jen and Kristen dive into the intersection of Wall Street culture, substance use, and sobriety. Joining the conversation is none other than Carl Radke, star of Bravo’s Summer House and entrepreneur reshaping the way we socialize. From his personal journey through addiction and sobriety to launching New York City’s first alcohol-free bar, Soft Bar, Carl brings candid insights and powerful stories to the table. The episode kicks off with surprising statistics about shifting drinking habits among Gen Z and a discussion about how Wall Street’s reputation for excess has evolved over the years. Jen and Kristen reflect on their own experiences in the high-stakes finance world—where client dinners, endless vodka sodas, and late-night martinis were once the norm. But times are changing, and Carl offers a fresh perspective on creating meaningful social experiences without alcohol, inspired by his own four-year sobriety journey. Carl shares behind-the-scenes stories from Summer House , his role in launching Loverboy’s non-alcoholic offerings, and his vision for Soft Bar—a revolutionary space for mindful socializing. He also touches on broader cultural shifts in client entertainment, wellness trends, and the importance of fostering genuine connections in both business and personal life. Whether you’re sober-curious, a reality TV fan, or just love a good story about reinvention, this episode will leave you thinking differently about what it means to mix business with friendship. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of p
S3 E4 · Fri, January 10, 2025
130. The Skinny On...Getty/Shutterstock, Bond Selloff, the GSEs, & 5 Day Workweek
Send us a text In this episode of "The Skinny On..." we unpack the history and details behind the recently announced acquisition of Shutterstock by Getty. This is a great case study for anyone wanting to understand which synergies investors prioritize in a merger as we walk through the ownership structure & market implications. We then shift gears to talk about the 100 basis point selloff we've seen in 10 year notes since the fall, half of which has occurred over the past thirty days. Will 10 year notes hit 5.00%? And are there any seasonal factors to take into account behind the move? Piggybacking off a recent article by Matt Levine, we dive a little into the hoopla around GSE privatization talk, explaining the history of Fannie and Freddie, the conservatorship resulting from the financial crisis, and you'll learn why you should never use the term "bailout" at a cocktail party with Kristen. Finally, we react to the news that JPMorgan is requiring everyone back in the office 5 days a week, and muse upon different ways financial firms could potentially leverage a creative, bespoke work schedule to foster the ownership mentality we see ourselves in the startup world. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligibl
S3 E3 · Tue, January 07, 2025
129. Industry S1E7 | "Pre Crisis Activity": Sales Credits, Claw Backs, the GFC and More!
Send us a text In this episode of 'The Wall Street Skinny,' Jen and Kristen dive deep into the finance-heavy intricacies of HBO Max's hit show 'Industry,' Season 1, Episode 7, aptly titled 'Pre Crisis Activity.' They discuss the ramifications of the 2008 Global Financial Crisis on Wall Street culture, touching upon terms like 'pre-crisis activity' and austerity measures implemented to curb excess and risk-taking. They also break down concepts like sales credits, account consolidation, and the senior relationship management (SRM) role within investment banks. You’ll learn why keeping client relationships transparent is both a strategic tool and a political maneuver within financial firms. The conversation takes a turn into the murky waters of clawbacks and deferred compensation, shedding light on these often misunderstood topics. The hosts don't shy away from discussing timely issues like inclusion and diversity (DEI initiatives) in the workplace, while also tackling the dark side of competitive banking environments through real-world examples. This episode isn't just for fans of the show; it's a crash course in some of the most pressing financial issues of our time. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDI
S3 E2 · Sat, January 04, 2025
128. The Best Kept Secret About Career Success with Valentina Savelyeva
Send us a text In this exciting New Year's episode, Jen and Kristen kick off 2025 with a fresh perspective on achieving career and personal goals. The hosts are joined by Valentina Savelyeva, a former investment banker and top life and career coach, to dive deep into practical strategies and mindset shifts essential for long-term success. Valentina shares her journey from Soviet Russia to Investment banking at JPMorgan to becoming a best-selling author and how setting aligned goals can transform your life. Listeners will gain insights into the importance of identifying core values, setting realistic goals, and overcoming mental barriers. The episode highlights tangible tools like creating an 'ideal scene' and utilizing the power of the reticular activating system (RAS) to manifest desired outcomes. The conversation also touches upon the science behind mindset work, making this episode a blend of inspiration and practical advice. Whether you’re a student, early in your career, or a seasoned professional, this episode offers valuable tips on aligning your career aspirations with personal fulfillment. Tune in to discover how to harness your unique strengths, tackle procrastination, and design a career path that brings you joy and success. Don't miss out on actionable insights that can help you make 2025 your best year yet! Valentina Savelyeva knows what it takes to thrive in the competitive world of corporate finance. A graduate of UC Berkeley’s Haas School of Business, Valentina launched her career as an investment banking analyst at JPMorgan’s prestigious Technology, Media, and Telecom group—an opportunity that sparked her passion for empowering others to unlock their potential and achieve their career goals. But Valentina's journey didn’t start in corporate boardrooms—she immigrated to the U. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S3 E1 · Thu, January 02, 2025
127. The Skinny On...H1B Visa Debate, Nordstrom Take-Private, Barclays Layoffs, & Our Favorite Things
Send us a text Welcome to 2025! In this episode of "The Skinny On...", we catch up on all our holiday activities before diving right into current financial topics. Today we cover the Nordstrom take-private, the debate regarding H1-B visa cap removals and the potential impact on the tech industry, and Barclays firing bankers & traders without bonuses before Christmas. We also count down our favorite things from 2024 and predictions for 2025, before sharing our conversation with Neil Blundell from the CAIS Summit discussing the latest exciting fintech innovations in alternative investments and wealth management. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E68 · Sat, December 28, 2024
126. What's Next for the Markets in 2025? feat. Marta Norton
Send us a text 2024 has been an incredible year, and we are so grateful for the support of all our listeners!! But what can we expect in 2025? Today, we shift our focus to the new year with special guest Marta Norton, Chief Investment Strategist at Empower. Marta shares her insights on the recent Federal Reserve meeting, market expectations, economic trends, potential recession indicators, and the impacts of AI on the tech sector. We discuss equity valuations, the increased interest in private markets, and the ongoing debate around fiscal policy and government debt. Get ready for an in-depth discussion on navigating the uncertain landscape of 2025 with practical advice and long-term investment strategies. ------- Marta Norton has more than 20 years of experience in the investment management industry. Prior to her role at Empower, Marta most recently served as Chief Investment Officer for the Americas at Morningstar. In that role, she helped oversee more than $57 billion in assets under management and advisement and directed strategies aimed at delivering a wide range of investment objectives, from income to capital appreciation. Norton held a series of progressively senior leadership positions with Morningstar during her 18-year tenure with the firm. Earlier in her career, Norton served as a research analyst at LECG, LLC and previously worked for the Bureau of Labor Statistics in Washington, DC in support of the agency’s work on the highly watched monthly Producer Price Index, among other projects. Known for her exceptional macro-level market commentary and long-term market view, Norton has gained recognition across the financial industry, and appears regularly in the media, including the Wall Street Journal, CNBC, and Bloomberg. Norton has a degree in economics fro Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E67 · Sat, December 21, 2024
125. Angel Investing: Why a Great Business Isn't Always a Great Investment
Send us a text In this episode of The Wall Street Skinny, we delve into the world of angel investing. Joined by Matt Naylor and Max Valverde, co-founders of the Milkless podcast, the discussion explores the essentials of evaluating investment opportunities, the importance of liquidity preferences, and the risks and rewards associated with angel investing. Max, a seasoned investor and successful entrepreneur, shares his insightful experiences on what to look for in potential investments, emphasizing the significance of a strong team and clear exit strategies. Listeners are guided through critical concepts such as venture debt, the mechanics of raising capital, and strategies for assessing the viability of startups. The conversation highlights the importance of understanding terms like pre-money and post-money valuations and the pivotal role of liquidity preferences in investment decisions. Max and Matt candidly discuss the realities of startup investing, including the immense value of transparency and gut instincts when deciding whether to commit financially to a friend's business venture. Moreover, the episode touches on broader financial and entrepreneurial themes, connecting the act of investing in a business to the emotional investment in personal relationships. Through anecdotes and expert advice, the hosts and guests provide an engaging and informative discussion that empowers listeners to navigate the complex landscape of angel investing with confidence. This episode is a must-listen for aspiring investors and anyone interested in the intersection of finance and human relationships. Also check out Milkless’s episode #88 here if you want a conversation about talking to your kids about Santa and what happens after death. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a
S2 E66 · Thu, December 19, 2024
124. The Skinny On...Fartcoin (This is WILD...) and The Fed's Hawkish Cut
Send us a text In this episode of "The Skinny on Wall Street", your hosts Kristen and Jen dive deep into the latest financial developments. They kick things off with a comprehensive analysis of the Federal Reserve's recent rate cut, discussing its immediate impact on the market, what quantitative tightening means in an easing cycle, and the surprising hawkish tone from Fed Chairman Jerome Powell. The discussion also touches on the implications of policy shifts and the potential for future rate hikes in 2025, offering listeners a nuanced breakdown of market reactions and the intricacies of monetary policy. Then, the conversation takes an unexpected turn into the world of cryptocurrencies, specifically meme coins like Fartcoin. Kristen and Jen explore the rise of these speculative assets, the involvement of artificial intelligence in trading, and the philosophical questions surrounding AI's role in the financial markets. This segment delves into the wild volatility of meme coins, the lessons learned from historical market manipulations, and the potential future implications of AI-driven trading strategies. Whether you're a seasoned investor or just curious about the latest market chatter, this episode is packed with insights and thought-provoking discussions. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LL
S2 E65 · Tue, December 17, 2024
123. Industry S1E6 | "Nutcracker" Wall Street Holiday Parties, Year End Bonuses and More!
Send us a text In this episode, we dissect the various finance mechanics depicted in HBO Max's Industry Season 1, Episode 6 (Nutcracker). We explore the depiction of holiday parties on Wall Street and discuss why Eric's unconventional decision to give Harper her year-end bonus early not only doesn't make sense, but the numbers are crazy in light of the fact that it should be a stub. We also delve into the complex relationship dynamics at Pierpoint, from the pressures of client entertainment to the interaction between sales desks and endowments like Harvard's. We scrutinize the ethical dilemmas faced by characters like Yasmin, Kenny, and Maxim, and discuss how their interactions reflect real-world sales and trading practices. Topics include the importance of client relationships, the personal and professional boundaries that get blurred, and the ethical implications of various decisions made by the characters. This episode also provides a stark contrast between the Hollywood portrayal of Wall Street's gritty reality and the actual nuanced practices in the finance industry. Finally, we reflect on the pivotal scene where Harper is pressured by her superiors to sign off on Eric's termination, diving into the power dynamics and ethical quandaries within corporate environments. This discussion exposes the underlying themes of authority and manipulation in the finance world, providing listeners with a richer understanding of the intricacies and ethical challenges depicted in Industry. Join us as we unpack these finance-centric storylines and their implications within the broader narrative. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosur
S2 E64 · Sat, December 14, 2024
122. Options Trading 101 with Enis Tanner
Send us a text In this episode we are joined by Enis Taner, a seasoned professional in the field with nearly two decades of experience. He breaks down everything we want to know about being an equities derivatives trader, from the day-to-day responsibilities of an options trader to the differences in work culture between major financial hubs like New York City and Houston. Enis provides a comprehensive look at the career paths available in equity sales and trading. The discussion also covers the evolving landscape of equity markets, the role of market makers, and the impact of technological advancements on trading. Enis shares valuable insights into the risks and rewards of trading single stock options, the importance of understanding volatility, and the unique challenges posed by events like GameStop's historic short squeeze and the volatility in names like MicroStrategy. Whether you're a finance professional or just curious about the inner workings of the stock market, this episode is packed with valuable knowledge and expert perspectives. Enis Taner was an equity derivatives trader at at top banks including Merrill Lynch, Goldman Sachs, and Jefferies. A graduate of Brown University with a degree in Applied Mathematics and Economics, his expertise has been recognized through his contributions to CNBC where he discussed his market views on several shows including Fast Money, Halftime Report, and Closing Bell. Enis grew up in Tulsa, Oklahoma, and lives in Hoboken with his wife and two daughters. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of pri
S2 E63 · Thu, December 12, 2024
121. The Skinny On...Mondelez's Failed Bid for Hershey, Kroger's Failed Bid for Albertsons, & Hawk Meme Coin
Send us a text On this episode of 'The Wall Street Skinny' we delve into two failed acquisitions, starting first with the failed Mondelez-Hershey deal. We get into the structure of Hershey's voting shares, the history of Kraft and Cadbury's contentious acquisition, and the strategic implications of consolidating consumer goods giants. Learn about the rationale behind mergers, the hurdles they face, and the implications for shareholders and market dynamics. We also share our thoughts on the recent hawk tuah girl meme coin debacle, and chat about the stark contrasts between the heavily regulated world of traditional finance and the wild west of cryptocurrencies. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E62 · Tue, December 10, 2024
120. Industry S1E5 | "Learned Behaviour" Brexit Currency Implications, Bonuses, Mentorship & More!
Send us a text In this episode of the unofficial companion podcast for HBO Max's hit show 'Industry,' we dive deep into the financial intricacies of Season 1, Episode 5. Join Jen and Kristen as they break down the implications of an Italian Brexit and explore how jargon like 'Brexit' has evolved within financial circles. We also delve into the challenges and nuances of bonus structures, discussing the impacts of deferred compensation and stock-based bonuses on Wall Street professionals, with real-life insights from Jen and Kristen's own careers in finance. The episode unravels the complexities of mentorship and social mobility within the financial industry. We examine how characters navigate class tensions, the influence of networking, and the often problematic dynamics between mentors and mentees. Whether it's understanding the fallout from being short euros, dissecting the hierarchical challenges faced by junior analysts, or exploring the social pressure to conform, we've got you covered. Additionally, we spotlight the contrasting responses of characters to workplace pressures and moral dilemmas, examining how their backgrounds influence their decisions and interactions. Tune in to get the skinny on what's real and what's just Hollywood as we break down everything from finance to workplace culture in your favorite show. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing o
S2 E61 · Sat, December 07, 2024
119. Top Tips for Success from Blackhawk Pilot Turned Investment Banker
Send us a text This episode features Frank Van Buren, a former Blackhawk helicopter pilot and U.S. Army Chief Warrant Officer, who shares his journey from the military to a 26-year career in investment banking at Wells Fargo. Frank offers valuable insights on leveraging military experience in finance and provides advice for veterans and older individuals transitioning to investment banking. He emphasizes the importance of storytelling, aligning career choices with personal strengths, and getting creative to overcome job market challenges. Frank also discusses his new book, "Lessons from the Cockpit", and announces an upcoming seminar designed to help aspirants succeed on Wall Street. Additionally, the episode highlights Frank's experiences, the interviewer's inquiries about veteran program resources, and the crucial role of soft skills in finance. To Register for Wall Street Decoded December 17, use the link below. https://frankvanburen.com/wall-street-decoded/ Code "TWSS" will get you 10% off! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Soluti
S2 E60 · Thu, December 05, 2024
118. The Skinny On...MicroStrategy's Insane Convert Financing to Buy Bitcoin & Citi Block Trade Fail
Send us a text In this episode of The Skinny On, we discuss MicroStrategy's recent issuance of $3nn of convertible debt as part of a plan to raise $42nn to buy Bitcoin, as well as the disastrous block trade Citi underwrote for Goodman Group. We start by talking about converts in general, diving into the difference between convertible debt, convertible preferred, and mandatory converts, including their pros and cons for investors and issuers. We then get into the terms of the MicroStrategy convert --- not only discussing why it's so extreme, but also WHY there is likely demand for bonds that have such unfavorable terms for investors. And then finally we discuss a reported block trade Citi did for Goodman Group. We get into what a block trade is, and why Citi is on track to lose $50mm (possibly more) as a result of not correctly pricing the risk. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E59 · Wed, December 04, 2024
117. Industry S1E4 | "Sesh" Non Farm Payrolls Basics, FX Trades, Wrong Way Trades, and More!
Send us a text In this episode, Kristen and Jen delve deep Season 1 episode 4 of HBO Max's Hit show, "Industry". They kick things off by breaking down the significance of the non-farm payrolls report and its sweeping impact on various market instruments like bonds, stocks, gold, and the dollar. They dissect Harper’s misbooked cable trade and explore the severe repercussions it has on both her career and the firm's PNL (Profit and Loss). From discussions on exchange rates, jobless claims, and the Federal Reserve's dual mandate, listeners get a comprehensive summary of real-world finance mechanics. As the drama unfolds, the podcast tackles critical financial strategies and mistakes, such as the implications of currency risk management, market expectations, and the ethical standards within trading floors. They evaluate Harper's ill-conceived decision to cover up her error by leveraging a risky NFP forecast, highlighting her missteps and the importance of immediate transparency in high finance. Additionally, Krista and Jen offer insights into the dynamics between front office and back office roles, presenting a nuanced look at the challenges and hierarchies within investment banking. The episode juxtaposes the intense financial maneuvers with the personal dramas of the characters, giving listeners both an emotional and educational experience. From understanding the rigorous trust required between managers and analysts to the sophisticated financial concepts and ethical standards essential for a trading career, this episode packs a wealth of knowledge on how real-life financial markets operate, all while keeping you entertained thanks to HBO's dramatic storytelling. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or ot
S2 E58 · Sat, November 30, 2024
116. What is Private Credit? | Direct Lending Explained
Send us a text In this episode of The Wall Street Skinny, we dive deeper into the world of private credit with our exceptional guest, Alona Gornick . Alona, a senior investment strategist and managing director at Churchill Asset Management , shares her invaluable insights on the evolving landscape of direct lending, the intricate structure of private credit deals, and why this asset class continues to grow in prominence. With a career background in investment banking (specifically the gaming sector), high yield bond investing and private placements, Alona demystifies the complex factors that differentiate private credit from conventional bank financing, offering listeners a comprehensive overview of the risks, rewards, and strategies required for success. The discussion also covers the critical considerations private equity firms must weigh when choosing between traditional financing methods and direct lending, including efficiency, certainty of execution, and incremental financing. Alona illuminates the life cycle of these investments, their repayment timelines, and how firms like Churchill Asset Management navigate repayments and refinancing events in an ever-changing market. Whether you're a seasoned investor or new to the field, this episode offers a treasure trove of knowledge on one of today’s most dynamic and lucrative sectors within the finance industry. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered b
S2 E57 · Wed, November 27, 2024
115. Industry S1E3 | "Notting Hill" CDS, Correlation Trades, Mentorship and more!
Send us a text In this episode we delve into episode three of HBO Max's hit show, 'Industry,'. We walk through Harper's cross-asset trade idea involving puts on the homebuilders index, calls on gold, and credit default swaps (CDS), and her interactions with bosses Daria and Eric and use it to discuss mentorship on Wall Street. We further use the show as an excuse to explain sales credits, trade executions, and correlation trades. We get into workplace politics and the often-blurred lines between personal and professional relationships, highlighting Gus and Robert's varying strategies to win over the client, Usman, and why in some cases the smartest person in the room isn't the one who comes out on top. We give our take on the challenging balance of maintaining professional relationships and achieving career growth on Wall Street. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E56 · Sat, November 23, 2024
114. What to Wear When You Work on Wall Street Feat. Commando Founder and CEO, Kerry O'Brien
Send us a text Does what you wear to work on Wall Street matter? How much? Why? What exactly are you supposed to wear, anyway? Who makes those decisions? And how can you express your personal style in a way that elevates your career? In this inspiring conversation with former finance PR specialist-turned-fashion-founder Kerry O'Brien, the CEO of Commando, we learn how to navigate all of these questions in a fun, freeing way. Kerry gives us insight into her innovative, technology-forward approach to fashion, her personal philosophy about taking risk, and her solutions for some of the classic problems we run into when it comes to fashion in finance. Kerry O’Brien is the visionary founder, CEO, and designer behind Commando, a brand renowned for its unique blend of technical innovation and elevated design. After a successful career in financial public relations in New York City, Kerry set out to redefine the way women experience intimate apparel, transforming her passion for problem-solving into a game-changing endeavor. With no formal background in design, Kerry launched Commando in 2005, introducing the industry’s first ever raw-cut, elastic-free, invisible undergarments. What began as a mission to deliver exceptional comfort and confidence has evolved into a brand synonymous with innovation, with Kerry holding two patents for her groundbreaking work in hosiery and slips. In 2012, Kerry was inducted into the Council of Fashion Designers of America (CFDA), solidifying her status as a pioneer in the industry. Today, Commando’s designs are seen on red carpets, runways, and magazine covers worldwide, making it a trusted favorite among stylists and celebrities alike. Under Kerry’s leadership, Commando has grown from its pioneering signature raw-cut intimates to a full ready-to Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E55 · Sun, November 17, 2024
112. TWSS *LIVE* from the CAIS Summit with Michele Trogni, CEO of Zinnia
Send us a text Nearly every thought leader we’ve spoken to in the finance industry has struggled with imposter syndrome at some point in their career. Not Michele Trogni . We had the fabulous opportunity to sit down with Michele at the CAIS Summit, where she explains how she learned early not to be encumbered by the expectations of others, to be emboldened by preparing for the unexpected, and to only pursue that which genuinely interested her. Michele started her career leading technology in the banking world, and is now CEO of Zinnia , an insurance solutions innovator. Insurance represents both an asset class AND an investor in the world of finance, and it's imperative to understand the full scope of the roles it plays. Michele gives us a 101-level crash course on insurance and annuities, explains how permanent capital functions, and shares frank insight into how she has risen to the upper echelons of the finance industry while simultaneously having a large family. Michele Trogni is the CEO of Zinnia. She has a 30-year track record of technology-led transformation in banking and financial services. Prior to joining Zinnia, Michele was Group CIO at UBS, and subsequently EVP of Consolidated Markets at IHS Markit. With a laser focus on leveraging technology and data to bring transparency, reduce friction and improve client experience, she is now leading the execution of our Open Insurance vision in the life and annuities industry. Michele is a member of the Deutsche Bank Supervisory board and serves as chair to their Tech, Data and Innovation Committee of the board. As an agent of change, Michele is in her element when she’s creating a win-win for those around her, whether that’s for her team, her clients, or her large family that motivate her each and every day. She has a passion for people, data & technology, and succeeds by fusing it all together with teams of talented people who share her vision and values. She’s an advocate for transparency and good communica Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c
S2 E54 · Sat, November 09, 2024
111. The Future of Crypto, feat. Galaxy Co-Founder Steve Kurz
Send us a text Steve Kurz vaulted from early days at a worm poop startup (yes, that's a real thing) to the fast track of traditional finance, only to find himself with a front row seat to the Global Financial Crisis. Steve took the lessons he learned in traditional finance at legendary institutions like Lehman Brothers, Fortress, and River Birch and forged a new path along with his co-founder, Mike Novogratz, to found Galaxy: the Goldman Sachs of crypto. In today's episode, Steve explains to us his vision of the institutional future of crypto, the character of the crypto ecosystem emerging from the stress tests of the past few years (ahem, FTX), and explains the contemporary use cases for crypto that transcend the fragmented narrative of its early days. He also talks about building a family with an equally talented, successful, and driven partner. Steve's bold --- yet thoughtful --- entrepreneurial mindset should be an inspiration to anyone doubting themselves as they navigate their own career path. We are honored to share Steve's insight & perspective. Steve Kurz is the Global Head of Asset Management at Galaxy and a member of Galaxy’s founding team. In addition, Steve is a member of the firm’s management committee and serves as chair of the ESG Steering Committee. Before joining the firm, he Co-founded Outer Realm, an enterprise focused immersive software company (sold in 2022). Previously, he was a Principal and Head of Business Development at River Birch Capital, where he led global capital formation efforts. Prior to that, he was a Vice President at Fortress Investment Group, where he held strategy, product specialist, and capital formation roles in New York and Singapore. He started his career as a Capital Markets Analyst in the Fixed Income Division of Lehman Brothers. He holds a B.A. in Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E7 · Thu, November 07, 2024
Industry S1E7!
Send us a text To get access to the $25 Masterclass click HERE Join the waitlist for our flagship course on IB and PE fundamentals ! https://the-wall-street-skinny.mykajabi.com/waitlist-opt-in-IBD Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
S2 E53 · Thu, November 07, 2024
110. The Skinny On The Post Election Trade
Send us a text Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E52 · Sat, November 02, 2024
109. ETFs 101 with Brian Weinstein, Head of Global Markets at Morgan Stanley Investment Management
Send us a text You've probably heard of Exchange Traded Funds ( ETFs ) before. You may even own shares in some. But do you actually know what they are? How are they created? How do they work? Who maintains liquid markets in them? Why would you invest in one in the first place? And why has this marketplace exploded to a size of $11-12 trillion across 10,000+ funds? We are joined by longtime friend Brian Weinstein , head of global markets at MSIM , to understand the mechanics, philosophy, and inner workings of the world of ETFs. Brian Weinstein is head of Global Markets at Morgan Stanley Investment Management, overseeing counterparty management, ETFs, liquidity investment management, and the Global Markets Strategy Group, which designs and implements algorithmic portfolio management solutions. He is a member of the Morgan Stanley Investment Management Operating Committee. Previously, he was head of Fixed Income. Prior to joining Morgan Stanley in 2018, he was cofounder and chief investment officer of Blue Elephant Capital Management and before that was head of Fundamental Institutional Fixed Income at BlackRock. He has over 20 years of financial services experience. Brian has a BA in History from the University of Pennsylvania. https://www.morganstanley.com/im/en-us/individual-investor/product-and-performance/etfs.desktop.html Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure
S2 E51 · Sat, October 26, 2024
108. SPECIAL EDITION: US Election w/Mo News
Send us a text With less than two weeks to go until the US Election , we are bringing you this special edition crossover podcast episode with our trusted friend and news source, Mosheh Oinounou of Mo News . We are trying to achieve the impossible: a non-political podcast episode about politics. We sat down with Mosheh to explain some basic mechanics behind the US presidential election process, fill in some gaps in our own knowledge, get a better understanding of what the financial markets do ---and don't --- care about when it comes to elections, and ask the question: are we going to be ok?? Our goal here is to educate and entertain, and above all: remind you to vote ! Follow Mo News at @mosheh and @monewsteam on Instagram and TikTok. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E50 · Thu, October 24, 2024
107. The Skinny On TWSS Update, Biodiversity, and Responsible Investing
Send us a text In today's episode of TSO we are joined by Jade Huang, Chief Investment Officer of Calvert Research Management. She breaks down what is going on right now at the COP 16 Summit, talks about responsible investing, ESG, why it's so much more than just buzz words and how you can make money while also doing good for the planet. Jade Huang Chief Investment Officer, Co-Head of Applied Solutions Calvert Research and Management Jade Huang is chief investment officer and co-head of applied solutions for Calvert Research and Management. In that role, she leads Calvert’s innovative investment strategy and oversees research. Jade previously served as managing director of Applied Responsible Investment Solutions. Prior to leading that team she served as a Calvert portfolio manager and analyst. Previously, she was an investment analyst at Microvest, an asset management firm specializing in impact investing, and led the certification department at Fair Trade USA. Jade began her career as a Financial Auditor for Deloitte Financial Advisory Services. Jade earned a B.A. from the University of California, Berkeley and an M.A. in international finance and economics from Johns Hopkins University, School of Advanced International Studies (SAIS). Get access to our top 5 technical concepts for Investment Banking interviews masterclass : Also to join the waitlist for our course, sign up here: https://the-wall-street-skinny Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247746017a4
S2 E49 · Sat, October 19, 2024
106. Microfinance 101 with Mary Ellen Iskenderian, President and CEO of Women's World Banking
Send us a text In this episode of The Wall Street Skinny , we dive deep into the world of financial inclusion with Mary Ellen Iskenderian, President and CEO of Women’s World Banking. Microfinance has long been hailed as a key tool for empowering women in emerging markets, but as Mary Ellen explains, true financial empowerment requires far more than just access to microloans. We explore how Women’s World Banking is rethinking financial inclusion—looking beyond small-scale loans to other necessities like savings, insurance, and digital banking. Mary Ellen breaks down the complexities of creating sustainable economic growth, highlighting the importance of building financial resilience, promoting long-term wealth creation, and ensuring women have the tools to navigate both personal and global economic challenges. Throughout the conversation, we discuss the vital role of financial literacy, access to capital, and how tailored financial services can create lasting change for women entrepreneurs and their communities. This episode challenges the traditional view of microfinance and dives into the broader strategy needed to empower women economically—unlocking opportunities for sustainable, inclusive development. Join us for a thought-provoking conversation on what it really takes to build a financially inclusive future for women around the world. Learn more about Women’s World Banking: https://www.womensworldbanking.org/ Mary Ellen Iskenderian is the President and CEO of Women’s World Banking, a global nonprofit dedicated to serving the nearly one billion women excluded by the formal financial sector. She joined Women’s World Banking in 2006 and leads its global team in partnering with financial institutions and policymakers arou Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E48 · Sat, October 12, 2024
105. Private Equity 102: Value Creation at a Megafund Feat Florence Evina-Ze of Bain Capital
Send us a text We've talked a lot about how Private Equity Megafunds approach valuation when they purchase companies through LBOs. And we've spoken about their exits, either through IPOs or PE Secondaries. But we've never really talked about what happens during the YEARS in between ! How do Private Equity companies actually grow their portfolio companies over the life of their investment? Enter: the portfolio group or operations team . This group works closely with executives at the portfolio company itself, along with the valuation and deal teams. This team is generally separate from the deal team within Megafunds, though many roles may have significant overlap at smaller firms. At a Megafund, this role differs considerably in terms of skills set, background, and career path. Instead of a conveyor belt path through Investment Banking, this group looks for for skilled consultants and experienced corporate executives. It can be a fantastic entry point into Private Equity for older candidates with more experience in the workforce. Today, we sit down with Florence Evina-Ze , an SVP at Bain Capital , to discuss the recruiting, career path, skills set, and lifestyle associated with this particular vertical. Florence also shares her perspective as an underrepresented minority in the industry. She discusses specific programs that were instrumental to her success, the critical role of mentors, and her inspiring approach to helping others follow in her footsteps. Florence Evina-Ze joined Bain Capital in 2021. She is a Senior Vice President in the Portfolio Group and a member of the North America Private Equity team. Prior to joining Bain Capital, Florence worked at IPSY. Previously, she was a consultant at McKinsey and Deloitte where she focused on industrial Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E47 · Wed, October 09, 2024
104. The Skinny on...Oil Prices & Hurricanes
Send us a text Our thoughts are with everyone who has recently been impacted by or is in the path of the devastating hurricanes this fall. In today's episode, we touch on the perplexing price action in the oil markets. The price of oil remains curiously low relative to what seem to be fundamental upward pressures, and we discuss a recent Bloomberg interview with Jeff Currie, Chief Strategy Officer of Energy Pathways at The Carlyle Group where he suggests that the upside risk to oil "has never been higher". You can watch the full interview here: https://www.bloomberg.com/news/videos/2024-10-09/oil-market-risk-at-its-highest-since-the-1970s-currie-says?srnd=phx-technology Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E46 · Sat, October 05, 2024
103. Credit Trading 101
Send us a text Today we are bringing back Carissa Jordan , who was in our incredible episode about problematic female managers (episode 55). She was a credit trader at Goldman Sachs , and she’s here to give us our long awaited Credit Trading 101 episode. We discuss everything about credit from its conception and origination in IBD — the investment banking division — Debt Capital Markets, and the Syndicate group, all the way through to investment grade, high yield, distressed. Carissa walks us through the lifestyle on a credit desk and gets into some of the nitty gritty mechanics of how these bonds trade. We do touch briefly on CDS and CDX, but we'll do a deep dive on those in a future episode! This is also a GREAT resource for listeners of our other podcast, our unofficial companion to HBO Max’s hit show INDUSTRY , because understanding the basics of credit will help you understand a lot of the points we touched on in the episode we released yesterday! For anyone who wants to follow and listen to our fledgling INDUSTRY podcast, the unofficial companion podcast to HBO Max's hit show Industry, subscribe here so you don't miss our conversations breaking down the finance, the trades, discussing how realistic the interactions, relationships and lifestyle is, and so much more: Apple Podcasts https://podcasts.apple.com/us/podcast/the-industry-unofficial-companion-podcast-for-hbo/id1771026407 Spotify https://open.spotify.com/show/5WxBgEenp0SiIniIafDlul?si=8EwJREbaRSaSSNjZYd_BYA Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE</a
S2 E45 · Thu, October 03, 2024
102. The Skinny On...Apollo's Quest to Double AUM, Sharpe Ratios, and the CAIS Summit!
Send us a text We are BACK, baby! We've missed you guys, and we're so sorry we've been MIA while we've been getting ready to launch our flagship self-paced course. Join the waitlist to make sure you have early access here: https://the-wall-street-skinny.mykajabi.com/waitlist-opt-in-IBD Today we talk about Apollo's quest to become a megalith in the private credit space, looking to double their Assets Under Management (AUM) from ~$700bn to $1.5tr over the next 5 years with support from the likes of JPMorgan. We also discuss this Wall Street Journal article: https://www.wsj.com/finance/investing/the-giant-hedge-fund-that-hates-risk-and-still-wins-1110e90a , explaining the basics of how Sharpe ratios are used to measure individual and fund investment performance. And we are joined by Alex Cavalieri, Head of Marketing at CAIS ( https://www.caisgroup.com/ ) ahead of their October CAIS Summit , where we'll be live on the ground interviewing some of the thought leaders shaping the industry in realtime! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt
S2 E44 · Sat, September 28, 2024
101. Industry S1E2 | "Quiet and Nice"
Send us a text In this episode of 'Industry S1E2,' Jen and Kristen continue their analysis of HBO Max's hit show 'Industry.' The duo breaks down technical aspects of foreign exchange trading, client relationship management, and the distinct cultures between different divisions within an investment bank. They explain key financial concepts such as FX trading pairs, the importance of client communication, and how sales and trading desks operate. They also touch upon the realistic portrayal of work dynamics, including the unique hazing rituals and the complicated mentor-mentee relationships portrayed in the show. Listeners will gain insights into the intricate details of trading and finance as Jen and Kristen draw parallels to their own real-life experiences on Wall Street. From explaining the hierarchical structure of trading desks to dissecting the nuances of client exclusivity and sales credits, this episode offers a comprehensive look into the high-stakes world of investment banking. Whether you're an industry veteran or new to the financial sector, this episode provides valuable knowledge and perspectives that enrich your understanding of finance. Follow The Industry | Unofficial Companion Podcast to HBO Max's Hit TV Show "Industry" Here if you want to hear more analysis of Indstury. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bo
Fri, September 27, 2024
Introducing "The Industry" | Unofficial Companion Podcast for HBO Max's "Industry"
Send us a text From your besties at The Wall Street Skinny comes a no-holds barred deep dive into every episode of HBO Max’s hit TV show “Industry”. We give you the skinny on what they get RIGHT, what they get WRONG, how it all works, and where the fictional drama intersects with stories from our own lives. Follow the show HERE Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E43 · Fri, September 20, 2024
100. The Fed, Interest Rate Sales, and Asset Management
Send us a text You've seen all over the financial press that the Federal Reserve cut its key interest rate 50 basis points at its meeting last week. And you've heard economists yapping in the news about "hard landings" and "soft landings" for the economy. But what does that actually MEAN ? We break it all down with none other than Jamie Patton, co-head of Global Rates at TCW , a $200bn multi-asset manager headquartered in California. Jamie started her Wall Street career in Interest Rate Sales at Lehman Brothers, then moved to Barclays Capital before exiting to a role managing Wells Fargo's Bank Portfolio and subsequently joining TCW. Sure you've heard from Jen a bunch about the lifestyle on the trading floor, but Jamie brings a hilarious and raw perspective sharing her experiences of getting screamed at by clients...and ultimately finding her own voice. Jamie is an expert not only in all things interest rate related, but also talks us through what it takes to succeed in Fixed Income Sales & Trading, what the exit opportunities from those jobs are and how to navigate them, and what it's like having kids and moving from more junior to incredibly senior high finance roles as a mother of three. Jamie also gives us insight into what a career at an asset management firm looks like and whether a CFA might help you edge out the competition for the role you want. Jamie Patton is a Specialist Portfolio Manager in the Fixed Income group and is Co-Head of Global Rates. She is responsible for the portfolio management of U.S. Treasuries, global sovereign bonds, TIPS, agencies, money market instruments, commodity strategies, and derivatives. In conjunction with the generalist portfolio managers, she implements decisions on duration and yield curve across our products. Ms. Patton j Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E42 · Sat, September 14, 2024
99. Financial Modeling & Excel 101 x Macabacus!
Send us a text Our nerdiest episode ever, and we’re darn proud of it. Today we’re diving into Microsoft Excel and its role in Investment Banking. We’re discussing financial modeling, Excel culture, mechanics, best practices, and productivity enhancing tools like Macabacus, the gold standard for Investment Bankers around the world. Kristen gives a crash course in how to set yourself up for success, answering questions like "do I need to use a Mac or a PC?", "do I need an external keyboard?", "how can I memorize shortcuts?", and of course: "how do I get faster in Excel?". We then sit down with Macabacus founder and CEO Ryan MacGregor and Rahul Gill, Director of Product & Customer Enablement, to explore the role of productivity add-ins that will make you feel like an insider before you ever set foot in an Investment Bank. Tools like these can be the critical edge for a candidate looking to differentiate themselves and get up the curve faster than the competition. Ryan MacGregor is a serial entrepreneur and former investment banker (Credit Suisse and Lehman Brothers), who earned an MBA from the University of Chicago Booth School of Business after serving in the U.S. Navy as a submarine officer. He founded and served as CEO of Macabacus, which was acquired by Corporate Finance Institute® (CFI) in 2021. Ryan currently heads CFI’s enterprise software division and is the driving force behind Macabacus’ business, sales, and product strategies. For a free trial of Macabacus, click here: https://macabacus.com/free-trial?_gl=1*s5fo4c*_up*MQ..&gclid=EAIaIQobChMIoKvq8qDBiAMV8jnUAR377wk3EAAYASAAEgJiTPD_BwE&gbraid=0A Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c2477460
S2 E41 · Wed, September 11, 2024
98. INDUSTRY S1E1
Send us a text We've heard your countless requests for a review of HBO Max's hit TV show The Industry , and we are buzzing with excitement about our new favorite show!!! We go over every single critical detail of Season 1, Episode 1 --- from how accurate the interview questions are, the sights and sounds of the trading floor, lifestyle in Investment Banking, all the jargon, and the mechanics of the ACTUAL TRADES depicted in this episode!!! This is the most accurate representation of real day-to-day life at an Investment Bank that we've seen on TV or in movies EVER. It is a must-watch series if you're thinking about a Wall Street career. We break it all down for you: what they get right, what they get wrong, and what details are really winks specially aimed at insiders in the know. Do not miss our single most requested episode EVER!!! In this episode covering S1E1, we examine the challenges faced by new analysts joining a major investment bank. We unpack the realities of late-night modeling sessions, the pressure to secure deals, and the competitive nature of the finance industry, as seen through the characters of Harper and Hari. With references to real-life banking practices and the accurate depiction of trading floor dynamics, this episode provides a revealing look at the intense environment of Wall Street. We follow Harper as she navigates her way through the high-octane world of fixed income sales, getting her first chance to pitch a trade idea at a client dinner. Meanwhile, we see Hari pushing himself to dangerous limits to prove his worth in investment banking. Kristen and Jen discuss how their experiences mirror the show's depiction of complex relationships between junior and senior employees, as well as the nuanced interactions within banking divisions. This ep Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E40 · Sat, September 07, 2024
97. Love, Money, and Tech Feat. Libby Leffler, Founder of First
Send us a text The biggest mistakes people make are in love and money. And how we do --- or don't --- talk about money can have a huge impact on our relationships. Today we’re joined by Libby Leffler , Founder & CEO of First (https://www.thisfirst.com ) to discuss the good, the bad, and the misunderstood about prenuptial agreements ("prenups") when it comes to strengthening your financial and emotional happiness. So, who needs a prenup, and why? Why are more women than ever initiating the conversation around prenups? What risks are you exposed to if you don't have a prenup? We discuss the rapidly shifting trends, evolving perceptions, and changing use cases around prenups today. We also learn about life as a tech founder (something we ex-investment bankers know nothing about). Libby's shares not only her journey through some of the world's biggest tech giants, but also her journey through motherhood as a founder at the helm of a new rocket ship company. Libby holds degrees from U.C. Berkeley and Harvard Business School. She emerged as a leader and executive at generation-defining companies like Google, Facebook, SoFi, and Compass before launching First. Libby founded First to modernize prenups for smart couples who want a stress-free and affordable way to strengthen the financial foundation of their relationship. First provides seamless and cost effective legal agreements on its platform, created in collaboration with top family law attorneys. They are a completely online, flat-fee prenup platform that allows you and your partner to get a highly enforceable document reviewed by real lawyers drafted within a day – all for less than 10% of the cost of a traditional lawyer. We’re ex Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E39 · Sat, August 31, 2024
96. Trading Equities and Options 101, Feat. Dan Nathan of CNBC’s Fast Money
Send us a text Today we are joined by Dan Nathan , CNBC Fast Money superstar and co-host of podcasts On the Tape , OK Computer , and Market Call . After three decades in the industry on both the buy side (at legendary hedge funds like SAC) and the sell side (at firms like Merrill Lynch), Dan is an expert on the equity markets and options trading. Dan shares his insight into the evolution of the equities trading business, the insider secrets of what it’s like being a pundit talking about the markets on TV every day, and a crash course in equity options 101. We walk through the basic mechanics of incorporating simple strategies like puts, calls, straddles, and costless collars or risk reversals into a basic long equities position. We also talk about trading philosophies in general --- how both retail and institutional investors have shifted their approach in the past few years, how to formulate and argue a thesis every day on national television, and how AI may change the landscape going forward. To listen to Dan's podcasts, check out Risk Reversal Media 's offerings here: https://www.youtube.com/@RiskReversalMedia/podcasts Watch him weeknights on CBNC's Fast Money : https://www.cnbc.com/fastmoney/ And check out his new podcast MRKT Matrix here: https://podcasts.apple.com/us/podcast/mrkt-matrix/id1747214891 Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. <
S2 E38 · Sat, August 24, 2024
95. Private Equity Deals with Ted Seidies, Host of Capital Allocators
Send us a text Today’s episode is for all of you buy side and private markets junkies. We are joined by Ted Seides , who is the host of the Capital Allocators and Private Equity Deals podcasts, soon to be thrice-published author, and expert in the Alts — the world of hedge funds and private capital investing. One of Ted’s superpowers is understanding both sides of the alts investing coin. He started his career working with David Swensen at the Yale endowment and ultimately went on to lead his own multibillion dollar alternative asset manager before segueing into his current role as a thought leader and advisor amongst the biggest names in hedge funds and private equity. You may also have heard of him from a little friendly wager he made with Warren Buffet a few years back. For those of you who want to break into the Alts, you must listen to the lessons Ted has gleaned from years of conversations with the heads of the worlds’s biggest investment firms. So whether you’re a seasoned investor looking for a path to branch out on your own, or you’re an industry newcomer looking to understand key takeaways from some of the all time greatest deals, this episode’s for you. Pre order Private Equity Deals on Amazon at https://www.amazon.com/Private-Equity-Deals-dealmaking-professionals/dp/1804090735 Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options
S2 E37 · Thu, August 22, 2024
94. Why Companies Use Cash vs. Stock in M&A
Send us a text The Skinny On Payrolls REVISED Hypothetical Google Split Why Companies Use Cash vs. Stock in M&A Get your FREE Resume template HERE Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E36 · Sat, August 17, 2024
93. How to Rock Your Resume in 8 Simple Steps
Send us a text Sign up for our FREE newsletter here: https://the-wall-street-skinny.beehiiv.com/subscribe Today, we are sharing the MOST IMPORTANT tips for crafting a finance resume. We get it --- no one enjoys writing a resume. But we are taking the guesswork out of the process. We are clearing up common misconceptions and teaching you EXACTLY what your interviewers are looking for when it comes to this piece of the application process. Learn to control the narrative, maximize the impact of your accomplishments, and weave connections between your experiences in a way that makes you an outstanding candidate. Get the inside track on how resumes are actually reviewed at banks. And get the skinny on the common pitfalls you MUST avoid if you want a shot at landing a Wall Street job. We've spent the better part of a decade reviewing resumes from incoming summer intern and full time hopefuls. In this episode, we teach you how to stand out amongst hundreds of other resumes. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E35 · Wed, August 14, 2024
92. Mars Deal & Google Monopoly
Send us a text Sign up for our newsletter here! https://the-wall-street-skinny.beehiiv.com/subscribe Today we chat about the WSJ article: "How Bank of America Ignores Its Own Rules Meant to Prevent Dangerous Workloads". https://www.wsj.com/finance/banking/bank-of-america-worker-death-policies-89eff5f6 We get into the announced Mars acquisition of Kellanova, as well as who the heck Kellanova is, what a spin off is, why the deal was likely done all cash. And finally we chat about the lessons we can learn from the Microsoft monopoly ruling in the early 2000s as they apply to a judge finding that Google is a monopoly. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E35 · Sat, August 10, 2024
91. How to Network Like a Pro, feat. Jen Prosek, Founder and Managing Partner of Prosek Partners
Send us a text Today is a masterclass in networking, reputation management, and personal brand building from one of the most successful, highly sought-after minds in the business: Jen Prosek , the founder and CEO of Prosek Partners . The daughter of immigrants, Jen shares her inspiring story about becoming a go-to consigliere for the male-dominated industry of hedge funds, private equity firms, and investment banks as a female English major without a preexisting network of her own. Jen outlines steps for building your personal brand, explains how to network throughout all stages of your career (from college student to CEO), and advises on how to handle the inevitable "stubbed toe" from a reputational standpoint. She also teaches us how to build an entrepreneurial mindset, a subject on which she has written two books (linked below). And finally, Jen answers the age-old question: is all press good press? Whether you are prepping for fall recruiting season, looking to level up in your career, or seeking to understand the "emerging market frontier of marketing" that's taking place in the private capital and alternative investment space, this episode is a MUST LISTEN. Subscribe to Jen's LinkedIn newsletter here: https://www.linkedin.com/newsletters/leading-in-volatile-times-6714926252211376128/ Check out Jen's books on entrepreneurship here: https://a.co/d/fMVA6Gk and here: https://a.co/d/dJ9RLVF Learn more about Prosek Partners here: https://www.prosek.com Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any s
S2 E34 · Tue, August 06, 2024
90. The Skinny On Panic (!) in the Markets, Ackman's Canceled IPO, and Ballerina Farm
Send us a text Our second weekly episode where you get THE SKINNY on whatever's happening in the markets, big deals in the news, and pop culture with us, The Wall Street Skinny. In this episode, we explain the collapse of the yen carry trade after the faster than expected rate hike from the Bank of Japan coupled with the weaker than expected US Non-Farm Payrolls report last week, which triggered the Sahm Rule signaling a recession. We also touch on Bill Ackman's canceled IPO, and the scandal around the social media phenomenon of TikTok star "Ballerina Farm". Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E33 · Sat, August 03, 2024
89. The Real Life “Billions": Equity Long/Short Hedge Fund Legends feat. Kat Sosnick
Send us a text We had the incredible opportunity to sit down with Kat Sosnick, a woman whose impressive career spans three decades running portfolios of up to a billion dollars at some of the world’s most legendary Equity Long/Short Hedge Funds, including Tiger Management, Pequot, and Perry Capital. Kat is a specialist in the consumer retail space, and shares stories with us of how she applied her passion for investigative journalism to doing “grassroots” analysis at the core of her investment theses. Kat gave us the scoop on how she decided to invest in winners like Costco and Amazon, how she earned the nickname "The Grim Reaper" for her fearless shorts of other companies, how she beat stage four cancer and navigated motherhood in one of the most secretive and notoriously male dominated segments of high finance, and how she combats imposter syndrome in her current coaching business. She tells us how she had to stop watching "Billions" because it hit too close to home! Whether you are considering a career as an investor or simply want the inside scoop on some of the most prominent hedge funds of all time, you'll want to listen to Kat's invaluable advice gleaned from decades of personal experience. *Correction: the Investment Banker mentioned in the context of the Jeff Bezos meeting was at Deutsche Bank, not Morgan Stanley. Follow Kat on LinkedIn at https://www.linkedin.com/in/katsosnick?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app and check out Greene Street Coaching here: https://greenestreetcoaching.com/ Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purp
S2 E32 · Sat, July 27, 2024
88. Equity Long / Short Hedge Funds 101 Feat David Semenza, Co-Founder of Islander Capital Partners
Send us a text Today we dive into Long / Short Equity Hedge Funds with David Semenza of Islander Capital Partners. We get into what an equity long short hedge fund is, how it differs from other types of hedge funds, how leverage factors in, what makes a good public equity investor, how it differs from private equity and so much more. Islander Capital Partners is a Long/Short equity fund that was started by David Semenza and Jordan Martinez. The fund spun out of Matrix Capital in 2023, and is focused on the Technology, Media, and Telecom sectors. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E31 · Fri, July 26, 2024
87. The Skinny On...Will Private Equity Take Down the Global Economy & More
Send us a text The Skinny On... 1. Will Private Equity Take Down the Global Economy. We discuss the FT article from Wednesday, 7/24/24 titled "How private equity tangled banks in a web of debt | Complex layers of leverage could pose a threat to the global economy". Read it here: https://ig.ft.com/private-equity/ 2. Equity Markets Down and Factor Rotation 3. What we wish we knew before starting on Wall Street 4. Drama between Rupert Murdoch and his kids Succession Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E31 · Sat, July 20, 2024
86. Private Credit 101: Asset-Based Lending Feat. Keri Findley, Founder and CEO of Tacora Capital
Send us a text We are kicking off our multi-part foray into the world of Private Credit --- arguably the most talked-about investment vertical of 2024 --- with brilliant and hilarious Keri Findley, founder and CEO of Tacora Capital. If you're interested in learning about Securitized Products, prestigious exit opportunities from the Sales, Trading, & Research division of an Investment Bank, or the career path towards landing a job in Private Credit, this episode is a MUST LISTEN . Keri is our first guest who has a background in Securitized Products, and she has a superpower of being able to explain complex concepts in a simple way. Keri walks us through her early career in ABS CDO research at Morgan Stanley, her quick exit to the buyside --- where she was a Portfolio Manager at Third Point in her mid-20s (!!) --- and the journey of starting her own Private Capital Firm. With Keri, we also explore the themes of how blurred the lines can be between our personal and professional lives on Wall Street. Her candid discussion of what she did to fit in early on in her career, how she handles gossip and negativity, and her decision to have her employees sign prenups on their carry illuminates the complexities of being a senior female investor in today's world. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds f
S2 E30 · Thu, July 18, 2024
85. The Skinny on Citadel White Label Sales & Trading
Send us a text In today's episode, we discuss Citadel's potential white label offering of their Equities trading operations to investment banks --- discussed in this article as something to fill the gap of banks pulling back from Equities Sales & Trading: https://www.bloomberg.com/news/articles/2024-07-11/citadel-securities-crafts-plan-to-shake-up-banks-trading-desks We also discuss the theoretical possibility that something similar might emerge in the Fixed Income space as well as capital requirements remain a challenge for banks. We know banks are continually thinking about how to strategically allocate balance sheet in light of a previous article discussing how they've already established a pattern of outsourcing balance sheet to the Private Equity & Private Credit realm. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E29 · Sat, July 13, 2024
84. How to Rob a Bank: Inside Financial Fraud Red Teams
Send us a text Financial fraud is something we hear about ALL the time. It feels like there's a new headline about losses stemming from a hack at a financial institution constantly, and we've all seen shows like The Tinder Swindler where scams of individual consumers can have huge consequences. The problem with most fraud prevention? It's backward-looking. By the time you solve one problem, criminals have found a new way to steal your money. We sat down with Greenway Solutions, a firm working to revolutionize the space not only for financial institutions, but also for their customers, via the use of "red teams". These red teams can at times sound like complex spy operations --- yet at other times are deceptively simple in their approach. We talk about the (terrifying!) magnitude of the financial fraud landscape, how it is changing in the face of AI and deepfakes, and some of the most surprising ways that fraudsters are staying ahead of conventional security measures. To learn more about Greenway Solutions, please visit their website here: https://greenway-solutions.com To connect with our podcast guests, you can find them on LinkedIn here: https://www.linkedin.com/in/jerrytylman/ https://www.linkedin.com/in/pjs1969/ https://www.linkedin.com/in/katie-tylman-96b64720b/ Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing invo
S2 E28 · Thu, July 11, 2024
83. The Skinny on the Paramount Deal Structure and Congressional Trading
Send us a text This week on The Skinny On ("TSO") we dive into the Paramount deal structure and discuss insane returns by congress, as well as a new law that is looking to make trading on inside info in congress illegal. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E27 · Sat, July 06, 2024
82. The Finance of HBO's "Succession" Season 3 Part 2!!
Send us a text Our long-awaited third season recap of the hit show "Succession" is HERE! Even if you watched the show and loved it, you might not have understood all of the finer points when it comes to the scheming and negotiations at WayStar Royco. We are here to break down the key corporate finance plot points driving the drama. This season has SO many great finance topics to explore, including merger of equals, company valuations, and much more! We delve a bit into the real deals that inspired and are referenced in the show, and of course get into the drama and humor of our favorite characters. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E26 · Thu, July 04, 2024
81. Why Banks Are Hiring More English Majors
Send us a text Happy 4th of July! We wanted to discuss an article from Fortune Magazine that's been making the rounds, where the COO of Blackrock said "We have more and more conviction that we need people who majored in history, in English, and things that have nothing to do with finance or technology" (article linked below). We discuss the pros and cons of coming to finance with a background in the humanities, especially in the context of how AI will impact jobs at junior levels in different ways. We also took a trip down memory lane to celebrate the 19th anniversary of Kristen's calamitous, yet ultimately fortuitous, visit to NYC to visit Jen during her junior year summer internship. https://fortune.com/2024/05/17/blackrock-coo-robert-goldstein-english-history-liberal-arts-hiring/ Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E25 · Sat, June 29, 2024
80. The Finance of HBO's "Succession" Season 3 Part 1
Send us a text Our long-awaited third season recap of the hit show "Succession" is HERE! Even if you watched the show and loved it, you might not have understood all of the finer points when it comes to the scheming and negotiations at WayStar Royco. We are here to break down the key corporate finance plot points driving the drama. This season has SO many great finance topics to explore, including LBOs, company valuations, termination fees in a merger, EPS juicing, and much more! We delve a bit into the real deals that inspired and are referenced in the show, and of course get into the drama and humor of our favorite characters. We have so many things to cover that we made this a two-part episode! Stay tuned for part II next week... Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E24 · Thu, June 27, 2024
79. What’s the Max Age to Break into Wall Street and Tech | TWSS x IGLE
Send us a text We get asked every day by listeners of ALL ages, "am I too old to start a career in finance??" When you ostensibly need to have internships on your resume by the time you are 19 years old, and when on-cycle PE recruiting starts before new college grads even set foot in IBD training, it's easy to feel that way. But on the flipside, young people are often dismissed as inexperienced and excluded from the big conversations when their age is deemed to be a negative. So, let's talk about age in the industry. We have a special crossover episode for you today with tech industry expert and TWSS bestie Maureen Wiley Clough, the host of "It Gets Late Early", a podcast devoted to exploring themes of age and experience in the tech world. We discuss age related hiring issues across the spectrum of elite jobs like tech and high finance, share personal stories, and outline specific tips for breaking into the industry at older ages. If you don't already listen to "It Gets Late Early", subscribe here: https://podcasts.apple.com/us/podcast/it-gets-late-early-career-tips-for-tech-employees-in/id1676637848?i=1000660173447 Follow Maureen Wiley Clough on IG @maureenwclough Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing o
S2 E23 · Sat, June 22, 2024
78. What It Takes to Become the Most Powerful Woman on Wall Street Feat. Zoe Cruz, Founder and CEO of Menai Financial Group.
Send us a text Today we are speaking with Zoe Cruz, who was the Head of the Fixed Income Division at Morgan Stanley when Jen started her career as a summer intern back in 2005, and who ultimately went on to become President of the firm when Kristen started full-time at MS in 2007. She rose to the absolute upper echelons of high finance at a time when it was virtually unheard of for a woman to reach that level of leadership. Zoe has an incredible story. She started her Wall Street career as a young mother and built the FX business from scratch at one of the world's most elite investment banks. Zoe was at one point ranked number 10 on the Forbes list of the world’s top 100 most powerful women, has previously topped Fortune magazine’s list of highest paid women in the world, has served on countless boards and advisory councils, started a macro hedge fund (cue Elle Woods…”I mean, what, like it’s hard?”), and she is currently the founder and CEO of Menai Financial Group, a firm focused on the world of “defi” (or decentralized finance). Our conversation with Zoe is both a candid look at evolving gender roles on Wall Street and an exciting glimpse into "the next big thing" in finance from the perspective of one of the industry's biggest trailblazers. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this accoun
S2 E22 · Sat, June 15, 2024
77. Private Equity Secondaries 101 Feat Justin Resnick of Evercore
Send us a text Today we sit down with Justin Resnick, a Managing Director at Evercore to discuss private equity secondaries --- one of the fastest growing, yet least understood segments of the private capital world. He explains the evolution of secondaries and their function as a tool for managing distress and success in equal measure. We talk about the explosive growth in the industry, the shifts in philosophy amongst GPs and LPs, and the widespread buy-in from many of the biggest names in Private Equity. And finally, we explain the career path for young candidates or experienced practitioners looking to gain a foothold in the space. Justin Resnick is a managing director in Evercore’s Private Capital Advisory group. He is responsible for originating and advising financial sponsors on strategic GP-led secondary market solutions. Justin has more than a decade of experience advising clients across a range of strategic deals, representing numerous market-leading sponsors on multi- and single-asset continuation funds, GP stake sales, mergers and acquisitions, and other capital raising transactions. Prior to joining Evercore, Justin was a member of the secondary advisory team at Houlihan Lokey and also worked in the global energy group in Citigroup’s corporate and investment banking division. He holds a B.B.A. in finance and accounting from Emory University, where he was also captain of the men’s basketball team. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed
S2 E21 · Thu, June 13, 2024
76. The Skinny on the Paramount Deal Drama, Inflation Data, and Turning 40!
Send us a text "The Skinny On..." the Paramount deal that is now OFF, inflation data, turning 40, and more! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E20 · Sat, June 08, 2024
75. Bankers vs. Lawyers
Send us a text Our long awaited Bankers vs. Lawyers podcast episode! Wondering about the differences and similarities between traditionally "good" jobs like doctor, banker, and lawyer? Or maybe how to transition from a career in law to one in high finance? We are going to pull back the curtain and explore the business, lifestyle, and culture of "big law", while debunking the myths and misconceptions you may have from watching popular shows like "Suits", "Law and Order", and "The Good Wife". Today's episode specifically covers Corporate Law and its intersection with high finance. Our incredible guests are two of NYC's most prominent attorneys: Jake Kling of Wachtell Lipton, who specializes in Mergers & Acquisitions law, and Roshni Cariello of Davis Polk, who specializes in Capital Markets law. We get into the path to becoming an attorney, the process of applying to law school, how important "prestige" of your law school is to landing a job, compensation, hours, culture, and much much more. Bios: Jake Kling is a partner in Wachtell Lipton’s Corporate Department. Jake’s practice primarily focuses on mergers, acquisitions and dispositions, securities law matters, and advising companies and boards of directors on takeover defense, shareholder activism and general corporate governance matters. He has advised a broad range of public and private clients across multiple industries, including banking, financial services, healthcare and pharmaceutical, life sciences, technology, media and telecom, sports, industrial, retail, private equity and real estate. Jake received an A.B. magna cum laude in mathematical economics from Brown University, and a J.D. from Yale Law School, where he served as Projects Editor of the Yale Law Journal . Jake also served as a law cle Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c2
S2 E19 · Thu, June 06, 2024
74. The Skinny on ECB Cutting Rates, GameStop Continued and Being “Too Thin”
Send us a text The Skinny on ECB Cutting Rates, GameStop Continued and Being "Too Thin" Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E18 · Sat, June 01, 2024
73. What It Takes to Be a Credit Investor Feat. Ty Wallach, CIO of Credit at Atlas Merchant Capital
Send us a text In the second of our three SALT iConnections interview series, we sat down with Ty Wallach, a living legend in the credit investing world. Ty was a partner and portfolio manager at Oak Hill and Paulson, two of the most successful and famous names in investing over the past three decades, and is currently the CIO of Credit at Atlas Merchant Capital. We spoke with Ty about his role as an investor in both the debt and equity during the Caesars Palace Coup (check out episodes 39, 40 and 41 for a deep dive into one of the most infamous deals of all time!), how Paulson made billions investing during the Global Financial Crisis of 2008, relative value investing within the capital structure of a company, the Orwellian relationship between the markets and economic data in the current environment, and about the optimal paths to pursuing a career as a credit investor, specifically with regard to the merits of the CFA for advancement along that path. A must listen for anyone interested in public markets or private credit investing! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading
S2 E17 · Thu, May 30, 2024
72. The Skinny On T+1 Settlement Change, Citi's Fat Finger Trade, Hedge Fund Fund Raising, and Private Credit
Send us a text The Skinny On T+1 Settlement Changes, Citi's Fat Finger Trade, Hedge Fund fundraising woes, and Private Credit! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E16 · Sat, May 25, 2024
71. From Wall Street to the White House and Back Feat. Anthony Scaramucci
Send us a text Live from SALT iConnections in NYC, we are joined by Anthony Scaramucci, a financial, political, and pop culture icon here in America. Anthony worked at Goldman Sachs, is the founder of SkyBridge Capital (a global alternatives investment firm), and is the founder of the SALT iConnections cap intro conference...but is possibly most infamous for his 11 day stint as the White House Communications Director during the Trump administration. Particularly timely as many gear up for their summer internships, Anthony shares with us his lessons in resilience, in learning to chase personal growth vs prestige, and in how to graciously take a joke. Anthony's latest book, "From Wall Street to the White House and Back," is a must-read and is available here: https://www.amazon.com/gp/aw/d/1637584636/ref=tmm_hrd_swatch_0?ie=UTF8&qid=&sr= Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E15 · Thu, May 23, 2024
70. The Skinny On NVDA's Stock Split, SALT iConnections Recap, and Gold Decoupling
Send us a text We're BACK from a whirlwind 48 hours in NYC, fully rested and ready to give you the skinny on the latest in global markets. First, a quick recap of our adventures at one of the world's largest cap intro conferences, where we got to chat with some of the industry's greatest thought leaders and meet new friends throughout the industry. Next up, a quick note on today's Bloomberg article (linked below) discussing the decoupling of Gold and US Treasuries for the first time in 50 years. And finally, we touch on NVDA's spectacular sales growth and their stock split announcement, the mechanics of which Kristen explains in detail. https://www.bloomberg.com/news/articles/2024-05-23/bonds-decades-long-lead-over-gold-vanishes-as-debt-worries-grow Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E14 · Sat, May 18, 2024
69. How Hedge Funds Raise Money Feat. Ron Biscardi, CEO of iConnections
Send us a text We talk about Hedge Fund, Private Equity, and other "Alternative" Investment Funds all the time. But we don't always stop to ask, "how do they get all their money?" In this episode, we sat down with CEO of iConnections Ron Biscardi to explore the world of "Cap Intro": the ecosystem within which capital --- meaning, the money from pension funds, endowments, foundations, insurance companies, family offices etc --- gets allocated to fund managers in the Alts space. We learn about seed capital (money that gets new funds off the ground), explore the roles of third party marketers, broker dealers, & prime brokerage within a bank when it comes to cap intro, and discuss how iConnections has built a platform backed by technology to facilitate the world's largest cap intro conferences. An expert in relationships and connecting people, Ron also shares his experience involving athletes, stars, and influencers like Kim Kardashian, Shaquille O'Neal, and Eli Manning in the conversation, all of whom have become formidable investors in their own right and are at the forefront of deal making in the space today. We are so excited to share this episode ahead of next week's SALT iConnections conference in NYC from May 20-21, where (thanks to Ron!) we will sharing live interviews with some of the industry's most influential and innovative thought leaders. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA
S2 E13 · Fri, May 17, 2024
68. The Skinny On AI and the GPT-4o Update, Meme Stocks Return, and Golf & Finance
Send us a text In today's episode we share our thoughts on the new Ghat-GPT4o update in light of Apple's controversial commercial, our thoughts on the difference between gambling and investing in light of the GameStop / AMC resurgence, and finally the intersection of golf and finance. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E12 · Sat, May 11, 2024
67. Finance, Philosophy, and the Yen Carry Trade feat. John Normand
Send us a text We often talk about institutional investors as the allocators of capital to the public and private markets. They are huge, active participants driving supply and demand dynamics in the fixed income and equity markets, and they often make sizable investments as LPs in private equity and private credit funds. But what exactly are they trying to accomplish, and why? We sat down with John Normand --- the former head of Cross-Asset Strategy at JP Morgan and the current head of Investment Strategy at Australian Super --- to discuss investment strategy at a superannuation fund (what we in the US think of as a "pension fund"). John is one of our most accomplished and distinguished guests to date. Not only does he explain the mechanics of defined benefit / defined contribution plans, but he also shares his philosophical perspective on the ethics of investing, his current views on the macro environment, and a crash course in one of the staples of fixed income markets: the Yen carry trade. This episode is a must listen for anyone who wants to understand how some of the biggest allocators of capital in both the public and private markets approach investment strategy. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDI
S2 E11 · Fri, May 10, 2024
66. The Skinny on "FTX Found the Money"...plus Boston vs NYC, Middle School, and Phobias
Send us a text Today's episode is a bit lighter. We get into what it means that "FTX found the money" as well as catch up about some super random stuff including the Tom Brady roast, NYC comedy clubs, Broadway, musical instruments, and our personal phobias. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E10 · Sat, May 04, 2024
65. Personal Finance 101: How to Become Wealthy feat. Katy Song
Send us a text Many assume that those who are skilled in high finance are also experts in personal finance and managing their own money. But NOTHING could be further from the truth! We sat down with Katy Song, a former Investment Banker and published author, who is the Chief Financial Planner for Domain Money (a new financial planning company that is revolutionizing the approach to personal finance) to understand the role and career path of a financial planner, explore the different challenges people face when it comes to managing their own money, and drill down into the specific advice she gives to clients looking to build wealth and accomplish their goals. Book a consultation session with Katy here: https://calendly.com/katysong/initial-consultation?month=2024-05 Access additional information and resources (including Katy's book, "Fear Less") here: https://www.domainmoney.com/advisors/katy-song Raised in Rye, New York, Katy moved to California in 1993 to attend the University of California, Santa Cruz (Go Banana Slugs!). After graduating in 1997 with honors and a B.A. in Global Economics, she worked for the U.S. Department of Commerce in the International Trade Administration. Katy attended the Haas School of Business at the University of California, Berkeley (Class of 2002), after which she worked as an investment banker for Citigroup. Since 2008, Katy has focused on helping families with young children and couples get their financial lives in order and put them on track for living the life they want. She is a member of the National Association of Personal Financial Advisors (NAPFA). At Domain Money, Katy serves as Chief Financial P Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S2 E9 · Thu, May 02, 2024
64. The Skinny on Bank Balance Sheets and the Paramount Deal
Send us a text In this week's edition of "The Skinny On", we get into an update on the Fed, Jen rants about bank balance sheet reqs, and Kristen gives you the skinny on the drama unfolding at Paramount amid merger talks with SkyDance and Apollo. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E8 · Sat, April 27, 2024
63. Credit Strategy 101 feat. Dominique Toublan
Send us a text Credit Strategy: how does it work, who are the players, and what are the career opportunities? Today we are discussing the structure of the Credit Strategy desk at an Investment Bank with Dominique Toublan, head of US Credit Strategy at Barclays Capital. We discuss how you approach the vast world of corporate bonds and distill trends as a strategist, how you reconcile investor sentiment with supply/demand dynamics, and what role are you serving within the ecosystem of Wall Street. The US Credit market --- meaning, where corporate bonds trade after they've been issued --- is orders of magnitude larger than the US Equities market. Credit spreads, which are a measure of the riskiness associated with the debt of an individual corporate borrower, are a critical barometer of economic strength/weakness and investor risk appetite. Understanding these dynamics is essential not only to those who wish to pursue a career in credit strategy, trading, or sales, but also for those who wish to understand the Private Credit markets and the funding dynamics that influence deal making and investment on the Private Equity and Hedge Fund side of the industry. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Pu
S2 E7 · Thu, April 25, 2024
62. The Skinny on Kim Kardashian's PE Firm, "Risk Off”, & TikTok Ban
Send us a text In today's episode we give you the Skinny on PCE (Personal consumption expenditures), we define "Risk Off", we chat about the news that Kim Kardashian has only raised $120mm of her $1-$2Bn target for her Skky Partners PE fund, talk Netflix and Meta earnings and finally share our take on the TikTok ban. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E6 · Sat, April 20, 2024
61. Private Equity Associate Tell-All: How to Start Your Career in PE
Send us a text So many finance hopefuls dream of a career in Private Equity. But what do you actually DO during your internship, starting out as a full-time Analyst, or as an Associate? How do those roles differ at a mega fund vs. a smaller firm? Are there advantages to starting out in Private Equity vs. doing a tour of duty at an Investment Bank or MBB consulting firm? We sat down with Karina Petrunova, a current Private Equity Associate at Charles Thayne Capital, a lower middle market fund with a software & technology focus, to learn about her path to Private Equity. She shares the specific steps she took to secure her first Wall Street internship during her sophomore year, her junior year internship, and ultimately her role at Vista Equity (a $100bn+ mega fund) out of undergrad. Karina shares insight into the practices that made her a successful intern, analyst, and associate, as well as into her decision making process behind why she chose the firms she did. If you are considering a career in Private Equity, or want to understand the journey that your friends and loved ones in the industry may be on, this episode is a MUST listen. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public I
S2 E5 · Fri, April 19, 2024
60. The Skinny on Jane Street Raising Debt & RIFs
Send us a text In this week's episode we talk about the market's response to geopolitical risks, Jane Street's atypical transparency around Q1 earnings ahead of their bond issuance, and what to do if you get laid off from your Wall Street job. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E4 · Sat, April 13, 2024
59. Real Estate Investment Banking 101
Send us a text Want to understand commercial real estate investing? Real estate banking? What about starting your own investment bank? Or succeeding in the upper echelons of finance while raising young children? How about ALL OF THE ABOVE? We are joined today by Deborah Smith, CEO and co-founder of a boutique investment bank specializing in real estate advisory, to explore the 101s of CRE investing and deal making, as well as the monumental challenge of starting your own investment bank. We also continue our conversation up and down the corporate ladder on the question of female mentorship. Deb is a force of nature. She shares her story of how she went from a dairy farmer in Australia to the most elite banking group at Morgan Stanley to Wall Street CEO (all while raising three young children, no less), living life according to her personal philosophy of "the universe doesn't owe you anything". Her brilliance, moxie, and humor make this a MUST LISTEN for anyone interested in real estate, investment banking, or trying to balance work and family life in the world's most competitive environments. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrenc
S2 E3 · Thu, April 11, 2024
58. The Skinny on CPI & Earnings
Send us a text In our latest edition of our new weekly markets breakdown, we cover yesterday’s CPI release and its impact on the interest rates, credit, and equity markets. With earning’s season kicking off, we explain how to frame your thinking about earnings releases as you start to think about how these moves in the market translate into corporate valuations and projections going forward. We also share some feedback we’ve received on our “unwritten rules” for success on Wall Street and wax philosophical on the importance of cultivating resilience. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S2 E2 · Sat, April 06, 2024
57. What You Must Know About Commodities (And More!) Feat. CNBC's Guy Adami
Send us a text Guy Adami is an original member of CNBC's Fast Money. Guy began his career at Drexel Burnham Lambert as a commodity trader on their precious metals desk. In 1996 he joined J. Aron, the famed commodity and currency group at Goldman Sachs where he was their head gold trader. In 2021, Guy, along with Dan Nathan, started RiskReversal Media. In addition to Fast Money, Guy and Dan have a daily show called MRKT Call and a weekly podcast called On The Tape that they do with Danny Moses of The Big Short Fame. Guy trys to stay active in his community. He was on the board of the NJ Chapter of The Leukemia & Lymphoma Society for ten years where he served as co-chair. In August of 2012, Adami completed the first NYC Ironman on behalf of LLS in 16 hours and 19 minutes. He was the LLS NJ Man of the Year in 2015. Guy was also on the national board of Invest in Others as well as Big Brothers Big Sisters of America. In November 2022, he was inducted into the Tri County Scholarship Fund Hall of Fame. Guy is a 1986 graduate of Georgetown University. He and his wife Linda reside in Morristown, NJ where they raised their three children. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is n
S2 E1 · Fri, April 05, 2024
56. The Skinny on Non-Farm Payrolls and Unwritten Rules
Send us a text We're mixing it up with new weekly episodes where we give you the skinny on what's happening in the markets and big deals in the news, and explain why that matters TO YOU. Topics today include the Non-Farm Payrolls Report and the unwritten rules of how to behave in order to succeed in finance. Let us know if you want more episodes like this by emailing your thoughts to questions@wallstreetskinny.com! Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E55 · Wed, April 03, 2024
55. Women on Wall Street: Is There a Problem with Female Managers?
Send us a text The Wall Street Journal recently published an article titled "Women Aren't Getting the Big Jobs at Goldman Sachs, and They're Heading for the Exits" (linked below). That same day, we were asked by our social media community whether our best managers were male or female when we were working at investment banks. Our answer? Male. We received HUNDREDS of messages from our community --- from mostly women --- saying their experience with female managers on Wall Street was overwhelmingly negative. So we wanted to have a frank, open discussion of these two distinct but very related topics in a public forum to discern what the nature of the problem is and to try and suggest possible solutions. We are joined by two amazing women for this conversation: Carissa Jordan and Nikki Boulukos, currently the co-founders of Benjamin Talks, a company on a mission to facilitate financial literacy for people of all ages starting with children. Carissa and Nikki started their careers in Fixed Income and Equities Sales & Trading at Goldman Sachs, and rose through the ranks before exiting for individual reasons we will discuss. This will be the first of many conversations with women ranging from the junior most levels all the way to the C-suite. Anyone working on Wall Street or planning on a career in the industry needs to listen to this episode. https://www.wsj.com/finance/investing/goldman-sachs-women-big-jobs-leaving-09112f6a Nikki Boulukos is Co-Founder and Co-CEO of Benjamin Talks BA in Psychology & Economics from Harvard. Additionally, cross-registered and completed coursework in Accounting & Finance at Massachusetts Institute of Technology and London School Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97
Tue, April 02, 2024
Female Managers On Wall Street. How to Find And BE a GOOD Manager.
The theme of the podcast today is women on Wall Street. And we will be trying to navigate two different but related questions: first, why is there a negative perception of female managers on Wall Street. We also discuss the WSJ article that came out: 'Women Aren’t Getting the Big Jobs at Goldman Sachs, and They’re Heading for the Exits" linked below. https://www.wsj.com/finance/investing/goldman-sachs-women-big-jobs-leaving-09112f6a To do this we are bringing on two amazing women, Carissa Jordan and Nikki Boulukos, the cofounders of Benjamin Talks who also happened to start (and leave) careers at Goldman Sachs to start a dialogue addressing WTF is going on, and is there anything that can be done about it. Follow us on Instagram and Tik Tok at @thewallstreetskinny https://www.instagram.com/thewallstreetskinny/
S1 E54 · Sat, March 30, 2024
54. Global Macro Trading 101 Feat. Wall Street's First Blind Trader
Send us a text Ever wondered what global macro trading looks like at the world's most elite hedge funds like Citadel, Balyasny, and Bluecrest? You might imagine you'd need a tremendous grasp of the markets, an ability to analyze and interpret massive amounts of data & research, and a talent for identifying the optimal vehicles for expressing your views. Now imagine doing all of this...without being able to SEE. We are joined an incredibly special guest for our one-year podcast anniversary: global macro investor Ashish Goyal. Over the past 15 years, Ashish has managed portfolios for marquee hedge funds and institutions such as Citadel, BlueCrest, Balyasny, and J.P. Morgan CIO. Ashish has the dual distinctions of not only being the world’s first visually impaired graduate of The Wharton School, but also the world’s first visually impaired investor-trader on Wall Street. More importantly, Ashish has been honored with India’s highest civilian award for a disabled individual – the National Award for the empowerment of persons with disability by the President of India and has also been recognized as a Young Global Leader by the World Economic Forum. Ashish also serves on the Board of The Inclusion Initiative at the London School of Economics (LSE) in the UK and the Rising Flame in India. In the past, he has served on the Board of the Peek Vision Foundation in the UK, has passionately supported Theatre and Arts, and has represented the winning team in the UK domestic blind cricket tournament at the London Metro Club. Ashish embodies an overflowing spirit of a holistic and balanced life. A practitioner of meditation and a believer in human ingenuity, Ashish continues to support passionate and dedicated charities addressing education, disabilities, human rights, sports, environment, and Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E53 · Sat, March 23, 2024
53. Intro to Crypto (Part II)
Send us a text Today is part II of our "intro to crypto" series. We're back with Chris Newhouse to discuss breaking into careers in the digital currency space, the evolution of both layer I and layer II technologies within the defi ecosystem, derivatives trading and the evolution of new platforms to support broader institutionalized moneymaking opportunities. A great conversation for anyone who is interested in understanding crypto trading mechanics, curious in how to start a career in the industry, or wondering whether the crypto culture in real life bears any resemblance to the wild stuff you might see on social media! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E52 · Sat, March 16, 2024
52. Intro to Crypto (Part I): What's going on in the Crypto Markets?
Send us a text Bitcoin is at an all-time high. New digital currency ETFs are coming to the market, broadening access to and increasing the legitimacy of an asset class that very few people truly understand. So we quickly caught up with our cryptocurrency expert Christopher Newhouse, DeFi Analyst at Cumberland Labs, to ask: what the heck is going on in crypto?? In this episode, we discuss not only the current state of the market, but also give listeners a bit of a crash course in how these cryptocurrencies are used, the scope of the ecosystem, and a quick explainer on the differences between some of the big names you may have heard of. This is part one of a two part series. Next week we will bring Chris back on for a deeper dive into the evolution of careers in the crypto space, layer two economies, and the institutional framework supporting the future of crypto trading. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E51 · Sat, March 09, 2024
51. Private Wealth Management "PWM" 101 (for the Ultra Rich) Feat. Tony Abbiati
Send us a text Managing the wealth of the world's richest clientele is an exciting, prestigious, high stakes business. We sat down with Tony Abbiati, CEO of SCS Financial, an ultra high net worth private wealth management firm to understand the business model of RIAs (Registered Investment Advisors) vs. banks and broker dealers, the demands and challenges of these clients, the path to breaking into the business and achieving success, and the crazy things you may have to do in the name of client service! Tony co-founded SCS Financial Services in 2002. He has over 22 years of experience in the investment business. Prior to SCS, he was a Vice President in the Private Wealth Management Group of Goldman Sachs. Tony began his career at Biogen, Inc. as a process engineer. Tony is actively involved in Year Up, a Boston based non-profit focused on empowering urban young adults. Tony earned a BA in Biochemistry from Bowdoin College and an MBA from Duke University’s Fuqua School of Business. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency busines
S1 E50 · Sat, March 02, 2024
50. The Finance of HBO's Succession Season 2
Send us a text Back by popular demand!! We continue a listener favorite: the finance of "Succession", the hit HBO series. We explore the hot topics of private equity, venture capital, mergers & acquisitions, hostile LBOs, and MORE through the lens of one of our all-time favorite shows. Even if you watched the show and loved it, you might not have understood all of the finer points! We are here to break down the key corporate finance plot points driving the drama. Catch up on the finance of Succession Season 1: on Apple : https://podcasts.apple.com/us/podcast/a-deep-dive-into-the-finance-of-hbos-succession-season-1/id1680425507?i=1000617362848 on Spotify : https://open.spotify.com/episode/0WZmy82wGfoYigQOOHtDx0?si=BF2K9NGoRNO4H1rLAbhk8g Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engag
S1 E49 · Sat, February 24, 2024
49. Project Finance 101 & Infrastructure Investing Basics
Send us a text What is Project Finance? In this episode, we are joined again by Rahul Culas, Julie Kim, and David Albert to get into the basics of this sector of Investment Banking. We explain what project finance is and why it's used, how it differs from the types of financing that traditional companies do, who uses project financing, who invests in project financing and more. We explore what the career path can look like from sell side Project Finance within the Investment Banking or Capital Markets division of a bank to energy and infrastructure investing at a buy side Private Equity firm. This episode is also an incredible deep dive into the role of relationships and mentors within the industry. You'll hear the crazy story of how Rahul and David moved heaven and earth to bring Julie with them when they moved from Morgan Stanley to Carlyle Group, one of the world's most prestigious Private Equity megafunds. Rahul Culas is Partner at 1585 Healthcare, an investment firm focused on healthcare services investments. Formerly, Rahul was a Partner and Managing Director at The Carlyle Group, where he co-headed funds dedicated to energy investments. Prior to Carlyle, Rahul was Head of Structured Power Finance at Morgan Stanley. Earlier in his career, he worked at Goldman Sachs in the Fixed Income Currency and Commodities Division. Rahul graduated with a Bachelor’s in Mechanical Engineering from the Indian Institute of Technology (“IIT”), Bombay, and a Masters in Human Computer Interaction from the School of Computer Science at Carnegie Mellon University Julie Kim is Partner at 1585 Healthcare. Formerly, Julie was a Principal at The Carlyle Group, where she played the dual role of being on the investment side as well as the Chief Operating Officer of funds dedicated to energy investments. Prior to Carlyle, Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E48 · Sat, February 17, 2024
48. Healthcare Private Equity Investing
Send us a text Today as a followup to last week's episode where we sat down with two doctors, we are chatting with two investors in the Healthcare Private Equity space, not only talking about that segment of the investment community but also answering the mountain of questions we’ve gotten from listeners who ARE doctors and want to pivot into the world of finance but don’t know how. Rahul Culas is Partner at 1585 Healthcare, an investment firm focused on healthcare services investments. Formerly, Rahul was a Partner and Managing Director at The Carlyle Group, where he co-headed funds dedicated to energy investments. Prior to Carlyle, Rahul was Head of Structured Power Finance at Morgan Stanley. Earlier in his career, he worked at Goldman Sachs in the Fixed Income Currency and Commodities Division. Rahul graduated with a Bachelor’s in Mechanical Engineering from the Indian Institute of Technology (“IIT”), Bombay, and a Masters in Human Computer Interaction from the School of Computer Science at Carnegie Mellon University Julie Kim is Partner at 1585 Healthcare. Formerly, Julie was a Principal at The Carlyle Group, where she played the dual role of being on the investment side as well as the Chief Operating Officer of funds dedicated to energy investments. Prior to Carlyle, Julie was an associate in Project Finance at Morgan Stanley. Earlier in her career, she worked in the Equity Derivatives group in Equity Capital Markets at Morgan Stanley. Julie graduated from MIT. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of
S1 E47 · Sat, February 10, 2024
47. Doctors vs. Bankers
Send us a text Many ambitious young people (Kristen included) consider pursuing a number of prestigious careers outside the financial services industry, and medicine often tops the list. Today we are joined by two incredibly accomplished doctors --- Dr. Bella Avanessian, a board certified plastic surgeon with a focus on gender affirmation, and Dr. Nisha Narayanan, a pediatric ER doctor, double board certified in pediatrics and pediatrics ER. --- to get an in depth understanding of the educational path, the costs, the compensation, the sacrifices, and the payoffs of becoming a doctor in America. We talk about the tough choices facing young people considering a career in medicine and the resulting brain drain out of the field. Part 1 of a two-part series where we will subsequently explore the field of Healthcare PE, this is a must-listen episode for anyone curious to understand the role of doctors in the American healthcare system. Dr Bella Avanessian is a board-certified plastic and reconstructive surgeon who specializes in gender-affirming surgery. She is an Assistant Professor of Surgery at Mount Sinai in New York. She received a BS in biomedical engineering and her medical degree from Brown University. She completed her residency training in Plastic & Reconstructive Surgery at Brown University/Rhode Island Hospital. She then trained as the inaugural fellow in the nation’s first Transgender Surgery Fellowship at Mount Sinai. She is a member of the Alpha Omega Alpha (AOA) Medical Honor Society, American Society of Plastic Surgeons (ASPS), and the World Professional Association for Transgender Health (WPATH). Dr. Nisha Narayanan specializes in pediatric emergency medicine. She is an Assistant Professor of Clinical Emergency Medicine and Clinical Pediatrics at New York Presbyterian- Weill Cornell Med Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E46 · Sat, February 03, 2024
46. Wall Street Compensation 101: How to Get PAID
Send us a text Let's talk about MONEY. Maybe you're hoping to land a high paying job on Wall Street . Maybe you're hoping to maximize your earnings potential in your current job. Or maybe you know people who work on Wall Street and are curious to understand why their pay structure is so different from most other jobs. Whatever your perspective may be, THIS episode is the first open, honest, tell-all guide explaining exactly how compensation works on Wall Street. We spill the secrets on how to negotiate your pay, how pay cycles work, what a "bonus" actually is, how to navigate difficult conversations, and how to position yourself for the optimal career path. You will have specific action items after listening to this podcast that will empower you to take control of your pay, no matter what the specifics of your current circumstance. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E45 · Sat, January 27, 2024
45. Private Equity 101: Lower Middle Market PE Deep Dive, Feat AJ Tracey
Send us a text Today we take a deep dive into Private Equity --- specifically, Lower Middle Market PE. We sit down with experienced investor A.J. Tracey and discuss topics ranging from "what is the traditional path to PE?" to "what is a day in the life like?", and "how important is the name of the college or firm you're coming from?". We explore the differences between megafunds and MM/LMM PE as it pertains to investment strategy, nitty gritty of the job, and recruiting methods. We also discuss the economics of pay, GP catchup, blind pools, when and how PE firms start collecting fees, and more. If you have ever considered working in PE or wanted to understand the world of Private Equity, THIS is the episode for you! A.J. is currently in investor with Cartess Investment Partners, a lower middle-market private equity firm focused on investing with exceptional operators in the paper, packaging and food industries. Prior to joining Cartess, A.J. was a Principal with AGR Partners and a Vice President with Kainos Capital where he focused on investments in the agriculture and food industries. A.J. began his principal investing career as an Associate with CIC Partners. A.J. has an MBA from the Kellogg School of Management at Northwestern University and a BA from Brown University. A.J. resides in Southlake, TX with his wife and two children. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Inve
S1 E44 · Sat, January 20, 2024
44. Search Funds 101: The Best Kept Secret in Private Equity
Send us a text Ever heard of a Private Equity "search fund" aka entrepreneurship through acquisition? Well, we hadn't either... until this episode! Search funds are a relatively little-known but incredibly exciting and highly profitable niche within the private equity investment space. Our guest, Nate Wasson, co-founder of growth equity firm Hal-Bar Partners, joins us to explain how Search Funds work and explore themes of entrepreneurship through acquisition. We discuss everything ranging the path to a career within one of these funds which is very different from the traditional Private Equity model, the role and mechanics of family offices in the financial ecosystem, values-based investing and so much more. This episode is a MUST LISTEN for anyone curious about impact investing or anyone who is an experienced operators considering making a career switch. One of our most fascinating and important episodes ever!! If you are interested in learning more about HalBar partners, please click here: https://halbar.io/ Nate Wasson is the co-founder of HalBar Partners, a growth-equity firm and is the co-founder and principal member of Alvearia, a family office co-investing community. Nate has over 20 years of expertise advising investors and family offices, as well as their portfolio companies and mid-market businesses. His experience lies at the intersection of institutional family enterprise, investment management, and impact strategy for both national and international investors. Nate spent his early career in investment management, business banking, and as a JPMorgan consultant; he led teams ranging in size from two to 200. Nate later served as a Principal and Managing Director for Bank of Montreal’s US Private Bank, where he was involved in security Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E43 · Sat, January 13, 2024
43. Hedge Fund Investing 101: Point / Counterpoint
Send us a text The news --- and the finmeme space --- has been abuzz with headlines talking about hedge fund returns (or lack thereof) in 2023. In a year when the S&P500 was up nearly 25%, the NASDAQ up nearly 50%, and risk free fixed income investments yielded 5%, most hedge fund returns look disappointing by comparison AT A GLANCE. But is there more to the story? Comedian and brilliant financial mind Anish Mitra joins us for this friendly debate. In this episode, we explain why institutional investors invest in hedge funds, why they are to willing to pay steep management fees for returns that are uncorrelated to the market as a whole, and how to think about hedge fund (or any kind of returns) in the appropriate context. We also introduce the concept of Sharpe Ratios, a risk measure we will do a deep dive on in the future. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E42 · Sat, January 06, 2024
42. Networking 101
Send us a text Whether you are looking to break into your first job, trying to move up through the ranks or pivot within your current firm, or you are looking to transition from one career to a completely new field, NETWORKING is the most important skill you need. In fact, "networking" is the answer to so many questions we get asked, ranging from "how do I break into finance from a non-target school" to "how do I switch from consulting to investment banking without an MBA?" Most importantly, this episode applies to you whether you are interested in the world of finance or not! We lay out the networking playbook and discuss some critical do's and don'ts that will help you network in a way that feels authentic to you. We also touch on LinkedIn etiquette, explain its role, and provide guidelines for maximizing your impact if you use it as a tool. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E41 · Sun, December 31, 2023
41. Caesars Part III: Interview with Sujeet Indap, Author of Caesars Palace Coup
Send us a text Wrapping up our 3-part Caesars Palace Coup series by interviewing one of the authors, Financial Times writer Sujeet Indap. Sujeet explains securitization, subordination, and distressed debt investing through the lens of Caesars’ LBO and subsequent restructurings. We discuss the future of private credit, a segment of the industry currently getting a lot of attention. Sujeet gives us the inside scoop on what it was like interviewing the titans of private equity, hedge funds, and law (as well as combing through thousands of pages of legal documents). And we touch on the role (or lack thereof) of women on the private investing side of the industry. Caesars Palace Coup, by Max Frumes and Sujeet Indap, is available here: https://www.amazon.com/Caesars-Palace-Coup-Billionaire-Exposed/ To book a private consulta tion with Kristen and Jen, click here: http://intro.co/JenniferSaarbach For courses and training to get you up the curve in finance, go to http://finance-able.com and use code “thewallstreetskinny” for 20% off Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the
S1 E40 · Sat, December 23, 2023
40. Distressed Debt and Restructuring 101: Caesars Palace Coup (Part II)
Send us a text In Part II of this three-part case study of Sujeet Indap and Max Frumes' book Caesars Palace Coup , we pick up in 2008 after Apollo and TPG's $30bn Leveraged Buyout of Caesars closed. With the economy immediately taking a nosedive, Apollo spearheaded a series of restructurings to stave off bankruptcy. These restructurings ranged from more vanilla "distress-for-control" maneuvers to extremely questionable, cloak-and-dagger asset transfers and severing of guarantees. These ultimately culminated in a showdown between the titans of Private Equity and the creditors they'd effectively superseded through expert manipulation of Caesars' legal and capital structures. To book a 1-on-1 consult with Kristen and Jen, please click here: http://intro.co/JenniferSaarbach For 20% off best-in-class financial prep courses from Financeable, use code thewallstreetskinny here: http://finance-able.com Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to
S1 E39 · Sat, December 16, 2023
39. LBO Deep Dive: Caesars Palace Coup, Part I
Send us a text Private equity is one of the most coveted job opportunities on the buyside in the current market environment. In this episode, we do a deep dive into a Leveraged Buyout (“LBO”) using one of the largest, craziest deals in history: the $30bn LBO of Caesars Palace by Apollo and TPG. In part 1 of this 3-part series, we discuss the deal structure, explain the financing terms, and help you understand the motivations of the private equity titans at the helm of the world's biggest megafunds. We will walk you through the LBO from start to finish using Financial Times writer Sujeet Indap's fantastic book, Caesars Palace Coup. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E38 · Sat, December 09, 2023
38. Predicting the "Future" (Fed Funds Futures 101)
Send us a text Interest rates drive everything in the markets, and expectations of rate cuts or hikes by the Fed can move the markets and make or break fortunes. But how do we know what 'the market' expects? In today's skinny mini we break down the simple truth behind where numbers like 'the market expects there is a 72% chance of a rate cut' comes from and why the current situation is wildly contradictary. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E37 · Sat, December 02, 2023
37. Private Equity and Hedge Fund Recruiting Feat. GoBuyside (Part 2)
Send us a text Part II of our conversation with Cameron Boland and Kate Kourlis from executive recruiting firm GoBuyside. Our focus shifts to off-cycle recruiting for private equity firms and hedge funds. We discuss strategies for navigating your search for your next career, identifying opportunities that set you up for success, do's and don'ts for negotiating the offer, and how recruiters are incentivized to help you succeed. We also tackle the CRITICAL listener question of: what do I need to know if I'm an international applicant and not a US citizen? Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development. GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles. To explore GoBuyside's platform, please visit GoBuyside.com Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS...
S1 E37 · Sat, November 25, 2023
36. Wall Street Holiday Party Horror Stories
Send us a text Happy holidays from The Wall Street Skinny! We are giving your brain a bit of a break this week. We share some fun stories of holiday parties gone terribly awry, rules for navigating vacation and time off, and tips on how NOT to get fired right before bonuses are paid. We discuss some shifts over the past decade and some prevailing attitudes toward work/life balance on Wall Street as societal expectations change. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E35 · Sat, November 18, 2023
35. SPACs 101: AppleTV’s “WeCrashed” Explained
Send us a text In today's episode we use WeWork as a case study to break down SPACs , for a deeper dive into the IPO process, the bankruptcy and we explore how the world's most sophisticated venture capital and private equity investors came up with a $47bn valuation for a company when the math didn't justify it at all…. In order to keep it interesting we discuss the beginning of the WeWork story through the lens of "We Crashed", the Apple TV miniseries about WeWork.starring Jared Leto and Anne Hathaway. The Apple TV Series: WeCrashed The Failed IPO: 1. Scott Galloway Blogs (No Mercy No Malice) https://www.profgalloway.com/wewtf/ https://www.profgalloway.com/wewtf-part-deux/ 2. Aswath Damodaran DCF (Musings on the Market) https://aswathdamodaran.blogspot.com/2019/09/runaway-story-or-meltdown-in-motion.html 3. WSJ Article Sept 2019 https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827 SPAC 1. BowX Acquisition Corp S-1 Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 H
S1 E34 · Sat, November 11, 2023
34. Jane Street, FTX, and Crypto: Michael Lewis’ “Going Infinite” Explained
Send us a text A job in Private Equity isn't the highest paying or even the hardest to get... it's actually a job at high frequency trading firms like Jane Street, highly secretive Wall Street firms you've never heard of. So what actually takes place in those interviews and what do those traders even do? In Michael Lewis's new book, Going Infinite: The Rise and Fall of Sam Bankman-Fried ("SBF"), Michael Lewis tells the absolutely crazy story of SBF, crypto, building his crypto exchange FTX, building his own trading firm Alameda Research, Effective Altruism ("EA"), the scandal that took him down leaving him with up to a 110 prison sentence AS WELL AS a sneak peek into these super secretive firms starting from the interview process to some of the craziest trades ever, including one election trade in 2016 that led to a $300mm loss. Michael Lewis is the author of other quintessential books anyone who wants to work on Wall Street must read including The Big Short, Liar's Poker and others. Resources mentioned in the episode: 1. Matt Levine's Bloomberg Essay: "The Only Crypto Story You Need" https://www.bloomberg.com/features/2022-the-crypto-story/ 2. Odd Lots Podcast: https://podcasts.apple.com/us/podcast/odd-lots/id1056200096 Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works https://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191 Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securi
S1 E33 · Sat, November 04, 2023
33. The Ozempic Trade: "Health" and Body Image on Wall Street Feat. Lindsey Lusson
Send us a text Ozempic and similar drugs are dominating the conversation about culture, health, and financial markets right now. But what does it mean for Wall Street --- not just for investors, but also in terms of its impact on the social norms of the industry? **TRIGGER WARNING: This episode contains a discussion of eating disorders and disordered eating.** After all, the world of Wall Street has made huge strides on the diversity front with one notable exception: body diversity. In this episode, we discuss many of the very real problems with navigating body image in highly competitive, stressful environments where conspicuous consumption of food and alcohol may be an unwritten part of the job description. We are joined by registered dietician Lindsay Lusson to explore the physiological and psychological impacts of trying to conform to these pressures, and what shifts we are seeing with new drugs like Ozempic AND a new generation coming up through the ranks. Lindsey Lusson is Registered Dietitian who specializes in disordered eating and infertility. She has both personal and professional experience with Hypothalamic Amenorrhea (HA) or period loss related to over exercise and under eating. Her experience led her to become passionate about educating and empowering others to advocate for their health and take charge of their fertility through proper nutrition. She has helped over 250 women recover cycles and restore their fertility naturally. Credentials: Education, Credentials & Training •Bachelors of Science in Nutrition from Texas A&M University •Masters in Exercise and Sports Nutrition from Texas Woman’s University •Certified Specialist in Sports Dietetics (CSSD 2013-2018) •Registered Dietitian (RD) •Board Certified Health Coach (NBC-HWC) Follow Lin Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid=7dae7a8b829a7c2c97a0c247
S1 E32 · Sat, October 28, 2023
32. Private Equity Recruiting 101 Feat. GoBuyside (Part 1)
Send us a text Want to get an elite job on the buy side? A recruiter --- otherwise known as a headhunter --- plays a significant role in the recruiting process for private equity recruiting. In today's episode, we dive into the private equity recruiting process with Kate Kourlis and Cameron Boland of GoBuyside. We explain the role of recruiting firms, what to expect in the interview process, compensation, and how this process is evolving in real time. Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development. GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles. Join the GoBuyside platform! https://www.gobuyside.com/ Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E31 · Sat, October 21, 2023
31. Equity Capital Markets 101: The IPO
Send us a text Whether you are an investment banker working with the hottest new tech start up to take it public, working in private equity and 'exiting' an investment, OR you're considering a role in a startup with the goal of one day hitting it big, you must understand the critical function of IPOs in the lifecycle of a company. In today's episode we use two companies that exemplify the classic 'sponsor backed IPO;, Birkenstock, and a more 'techy' IPO, Instacart, to answer the questions: - HOW and WHY would a company go public? - What is the role of an investment banker in the process? - What are the fees? - What is the difference between primary vs. secondary shares? - What is the difference between valuation and pricing? - What is the purpose of the IPO discount? - What is a greenshoe and why is it used? And much much more! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos... </
S1 E30 · Sat, October 14, 2023
30. Consulting 101: Feat. Jane Licurse
Send us a text In today's episode we break down everything you've ever wanted to know about consulting ranging from a day in the life, how do projects get staffed, what to expect in the interview and more. We also have an honest discussion about business school, burnout and more with former McKinsey consultant and Harvard Business School alum, Jane Licurse. Jane Licurse is an Executive Coach (focusing on influencing through PowerPoint) and the Strategic Advisor to The City of Cambridge’s City Manager. She previously served as Executive Director of Strategy and Chief of Staff to Boston Medical Center Health System’s EVP (currently CEO). Before that she served healthcare clients as a strategy consultant at McKinsey & Company. Jane received her MBA from Harvard Business School and BA and MS from Brown University in Biomedical Engineering. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E29 · Sat, October 07, 2023
29. Q&A! The WACC, Interview Tips, Circularity in Models, and Essential Skills for Traders
Send us a text Another listener favorite Q&A episode, where Kristen and Jen tackle real questions submitted by our listeners. We use these questions as teaching tools to explain concepts far beyond the scope of any individual question, so be sure to stay tuned to learn valuable insight about the world of Wall Street. Our questions in today's episode include: 1. How does changing the WACC (Weighted Average Cost of Capital) impact valuation when running a DCF (Discounted Cash Flow) analysis? What are the different theories of optimal capital structure and how does this all fit into the real world when companies are choosing whether to issue debt or equity? 2. How do I ace my interview in a markets-based job, like the sales and trading division of an investment bank? 3. Why do we need circularity in investment banking models? 4. How do I know when to stop "buying the dip" when trading the markets? If you have any questions you'd like answered in a Q&A episode of our podcast, please write to us at questions@wallstreetskinny.com Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto
S1 E28 · Sat, September 30, 2023
28. NYC Survival Guide: The Economics of Working on Wall Street
Send us a text So you've finally landed your first job on Wall Street at an investment bank, consulting firm, hedge fund, private equity fund, asset manager, or venture capital fund....NOW WHAT? Navigating the ins and outs of housing, transportation, clothes, food, and entertainment your first year on the job --- especially in New York City, the world's most expensive place to live --- can be incredibly daunting. We share what to expect, lessons learned, and helpful tips to set you up for success from day one. (Disclaimer: nothing in this episode is intended as financial or tax advice, please consult a qualified tax professional) Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E27 · Sat, September 23, 2023
27. Venture Capital 101
Send us a text In today's episode we sit down with Camilo Acosta, founder & general partner of Perceptive Ventures, an early stage venture firm, and walk through everything you want to know about Venture Capital (“VC”). We cover differences between Angel Investing vs. VC, what a company needs for different series rounds (pre-seed, seed, series A, series B and beyond), how venture capital differs from Growth Equity, what it takes to get into the Venture Capital world, and much much more. Camilo Acosta is the founder & general partner of Perceptive Ventures, an early stage venture firm focused on AI-first investments across the U.S. and Latin America. Prior to founding Perceptive, he built generative AI products at Meta used by millions of people. Before Meta, he built a machine learning based payments company that partnered with businesses worldwide before it was acquired in 2020. He holds a BA from Princeton University, and is based in San Francisco, California. You can follow him on Twitter @camilobacosta Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in vi
S1 E26 · Sat, September 16, 2023
26. Valuation 101: How Do You Value a Company?
Send us a text What is a company "worth"? We are tackling this question in a multi-part series, starting with valuation 101. We walk through the three primary methods of valuation: the discounted cash flow model ("DCF"), public comparables, and precedent transaction/acquisition comparables analysis....and explore how they fit together on what's called a Football Field. Also, we explore the meaning behind the jargon you hear about all the time ---Iike EPS and P/E ratios --- but might not fully understand! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E25 · Mon, September 11, 2023
25. Fixed Income Investing 101 feat. Brian Weinstein
Send us a text What is fixed income investing, how does it work, and what is the landscape like on the buy-side? We are proud to present one of our most exciting and high profile interviews EVER with Brian Weinstein, head of Fixed Income at Morgan Stanley Investment Management (MSIM). We discuss the current market environment, credit products, economic policy & inflation, and we ask the tough question: can the yield curve really predict the future? For anyone interested in exploring a job on the buy side, we talk about the path to a career, some of the key skills required, and what the relationship of portfolio managers and researchers looks like at one of the world’s biggest asset managers. Brian Weinstein is the Head of Fixed Income and a member of the Operating Committee of Investment Management at MSIM. He joined the firm in 2018 from Blue Elephant Capital Management, a fintech focused private credit asset manager, where he was co-founder and CIO. Prior to that role, Brian spent 16 years at BlackRock, where he was the Head of Fundamental Institutional Fixed Income, overseeing $300 billion across multiple fixed income-based strategies. Brian earned a B.A. in history from the University of Pennsylvania. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they ear
S1 E24 · Sat, September 02, 2023
24. Q&A: Treasury Stock Method, Relative Value Trading, The Yield Curve & More!
Send us a text Welcome back to the Wall Street Skinny with Kristen and Jen! To kick off today's episode, we answer listener questions about: Ownership and EPS (earnings per share) dilution when analyzing companies using the Treasury Stock Method in corporate finance. We unpack the concept of a relative value trade, specifically a high yield vs. investment grade trade in the credit derivatives market of CDS and CDX. Then we switch gears to discuss a single name credit analysis in the context of a rumored leveraged buyout by a private equity firm and the potential impact on a company's existing bond holders. And finally we dive into the concept of the yield curve, explaining how the term structure of interest rates not only reflects current monetary policy, growth & inflation expectations, and risk appetites...but also impacts nearly everything financial decision you make in your daily life! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos
S1 E23 · Sat, August 26, 2023
23. Quant Trading, AI, and More feat. Dr. Harry Mamaysky
Send us a text Wall Street's analytics and technology are evolving at a record pace. What are the roles of quantitative models, and AI in the financial services industry today? What does it mean to be a "quant", what is a "quant fund", and what quantitative skills are required for someone starting their career on Wall Street today? Will AI and algorithms help us become smarter, or send the best and brightest to the sidelines? We explore these questions and more with Professor Harry Mamaysky of Columbia University who is the co-founder of Quant Street. Dr. Harry Mamaysky is a partner at QuantStreet Capital, which offers investing and portfolio management services to individuals, family offices, and businesses. Harry is also a Professor at Columbia Business School, where he is the Director of the Program for Financial Studies. Harry’s research focuses on the application of natural language processing and machine learning techniques to investing. Harry is a frequent industry and academic speaker. Prior to his time at Columbia, Harry spent many years in finance practice, rising to the position of senior portfolio manager at Citigroup, where he also served on the firm’s Risk Executive Committee. Harry was a professor at the Yale School of Management, which he joined after earning his PhD in Finance from the Massachusetts Institute of Technology. He holds BS and MS degrees in computer science and a BA in economics from Brown University. If you have been inspired by this episode and want to follow Harry or learn more, you can find him at the links below. https://www.linkedin.com/in/harry-mamaysky/ (LinkedIn) www.quantstreetcapital.com (the firm website) Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 <a href='https://courses.thewallstreetskinny.com/offers/EQRau2Mw/checkout?utm_source=the-wall-street-skinny.beehiiv.com&utm_medium=newsletter&utm_campaign=no-bs-just-bullish&_bhlid
S1 E22 · Sat, August 19, 2023
22. How to Become a Markets Guru: Understanding the Investment Banking Clients
Send us a text What is best kept secret for understanding market dynamics and being good in investment banking? You must understand: WHO are the firm’s clients and WHY they need you? We arm you with the intel to ace any banking interview — either on the IBD corporate advisory side, or on the Sales, Trading, and Research side of the bank — by explaining a select few clients’ motivating factors. We talk about hedgers vs. speculators in the markets, and strategic vs. financial buyers in the world of acquisitions. In this episode, we also explain duration and convexity hedging through the lens of GSEs, bank portfolios, mortgage servicers, pension funds, and insurance companies. By the end of the hour, you’ll understand giant forces moving global markets in new ways. Plus, you’ll now be able to tell all your friends that you learned how convexity works by watching Barbie. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E21 · Sat, August 12, 2023
21. Q&A! Prop Trading, DCF vs. LBO, Beta, Consulting vs. Banking and More!
Send us a text We tackle these listener questions and more in our latest Q&A episode! 1. What is the difference is between prop trading and the trading you hear about in the sales & trading division of an investment bank? And how does a prop shop differ from a hedge fund? 2. When running a DCF and choosing your beta for CAPM, when do you use the industry average beta vs. when do you use the company beta? We also get into predicted betas vs. historicals, levering and unlevering betas, if R squared is useful in making decisions about your beta, why banks purposefully don't use what the academics say to use and more. 3. What are these mysterious Greek letters that people in finance toss around like delta, beta, and gamma? 4. Why would some industries like natural resources not use LBOs and instead only use a DCF, like for example when constructing a toll road. 5. How do you choose between a career in banking or consulting? If you want us to answer YOUR questions in our next Q&A, please write to questions@wallstreetskinny.com. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto
S1 E20 · Sat, August 05, 2023
20. FIG Banking & More Feat. Anish Mitra
Send us a text When you hear talking heads yelling at you or see a crazy meme on the internet telling to buy or sell a stock, how do you know if they are right or wrong? Today we sit down with Anish Mitra, host of the hilarious podcast Laughing Stocks to discuss his journey through FIG Banking, investing in Goldman Sachs' reinsurance group (now Global Atlantic, part of KKR), and talent development at Goldman Sachs before venturing into the world of comedy and content creation. Anish explains how FIG banking differs from traditional banking (hint it doesn't really), how the foundational training on Wall Street gives you a toolkit with which to analyze companies and form investment theses, and we hear some crazy stories from back in the day when Kristen actually interviewed Anish for a job at Morgan Stanley Sales and Trading. Spoiler alert: it didn't go well. Anish graduated from Brown in 2010, worked in FIG banking at Barclays then moved to a buyside role at Goldman Sachs (now Global Atlantic, part of KKR), then to talent management at Goldman Sachs when he finally left the finance world to pursue a career in comedy. He now combines all his interests: finance, education and comedy as a content creator. You can find him on Instagram and TikTok at anishkmitra and on LinkedIn, and his podcast Laughing Stocks on your favorite podcasting platform. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINR
S1 E19 · Sat, July 29, 2023
19. Private Equity vs. Hedge Funds: What it Takes to Land the Most Lucrative Finance Careers
Send us a text Two of the most high profile exit opportunities from the sell side are Private Equity and Hedge Funds. In today's uber-competitive environment, recruiting for some of these exits starts BEFORE you've even begun your career on the sell side. We discuss why these jobs are so competitive and attractive to many young people entering world of finance. What really is the difference between them? Is one more lucrative than the other? And, most importantly, WHAT IS RIGHT FOR YOU....if either??? Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E18 · Sat, July 22, 2023
18. Taking Wall Street Skills to Tech Feat. Susie Lee Korb
Send us a text In this episode, we are joined by Susie Lee Korb, Head of finance at Chord Commerce. Susie leveraged a successful career of over a decade on Wall Street to catapult herself into a senior role in the tech startup world. We discuss various elements of finance at a startup, such as the role of seed & venture capital, venture DEBT, the lifecycle of taking a company from genesis to IPO, and how Susie's knowledge of the markets helped her company avert disaster during the collapse of SVB. We also learn valuable lessons from Susie's career working at an investment bank, such as: what is municipal finance? How can you break into corporate strategy or corporate treasury? And how do you balance parenthood in the fast paced lifestyle of a sales career? Susie Korb graduated from MIT with a business degree. She spent her early career at Morgan Stanley, where she worked in municipal finance, interest rate sales, corporate strategy and corporate treasury. She is now the VP of finance for Chord, and currently resides in Massachusetts with her husband and three children. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Cry
S1 E17 · Sat, July 15, 2023
17. How to Level Up in Your Career Feat. Helen Dayen
Send us a text How do you level up in your career --- or even just not get fired when sh*t hits the fan?!? We sit down with CEO and career coach Helen Dayen to understand the psychology, mindset, skills, and creativity required to advance in the financial services industry and beyond. Helen also shares her own stories from the cutthroat environment on the trading floor, "The Devil Wears Prada of Finance" so to speak, how she was able to pivot and make her self invaluable when she knew she was on the chopping block, and how she forged an entrepreneurial path for personal & professional fulfillment. Helen Dayen is CEO and coach at The Dayen Group, where she has over 15 years of experience in sales, relationship management, business development and executive coaching. She works with professionals in high stress/high demand industries such as finance, technology, and law. To learn more about The Dayen Group, you can find their website here: https://www.dayengroup.com/ Follow The Dayen Group on Instagram @dayengroup Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Cryp
S1 E16 · Sat, July 08, 2023
16. Q&A! Indexes 101, Financial Modeling, the WACC & More!
Send us a text Answering questions we've received from listeners via Instagram, TikTok and email! This week's topics include: 1. Can you explain the different indices? SPX, FTSE, DAX, NASDAQ, Barclays AGG…as an investor, why would you look at indices? What do they mean/represent, and why do we have them? 2. I’m building my first model, and trying to figure out how to connect the Income Statement, Cash Flow Statement and Balance Sheet. Is there a particular order these should go in?? 3. Two similar questions: a) is there any mobility into hedge funds or banks if you’re 10+ years into a career in tech/startups? And b) What about any insights on how JD grads can break into the financial services industry? 4. Does and incremental increase in debt increase or lower the WACC? 5. Why wouldn’t EVERYONE use interest rate swaps to hedge risk? To have your question featured on our next Q&A episode, please email us at questions@wallstreetskinny.com or follow us on Instagram and send us a DM! Follow us on Instagram and Tik Tok at @thewallstreetskinny Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading service
S1 E15 · Sat, July 01, 2023
15. Equity Research 101 Feat. Steve Haggerty
Send us a text Today we are joined by Steve Haggerty, the former Head of Research in both New York and Hong Kong at Bank of America Merrill Lynch before making the move to the Buy-Side, to answer all your questions about Equity Research including: What is Equity Research? What does a day in the life look like? What is the difference between Buy-Side and Sell-Side Research? How does the skill set differ between Buy-Side and Sell-Side Research? What exit opportunities are there out of Sell-Side Research? and much much more. Steve Haggerty was Head of Research in both New York and Hong Kong at Bank of America Merrill Lynch before making the move to the Buy-Side, and becoming Head of Research at Moon Capital. Prior to that he worked at General Motors and Schroders Securitues in London before joining Merrill Lynch as an equity analyst in New York and then becoming a research manager. He retired in 2021 and is now an advisor at Columbia Business School as well as the founder of Interior Lines Research where he helps Sell-Side Researchers learn to be more influential with Buyside clients. He also is working in venture capital in the agtech space and is a hobby farmer in the Hudson Valley. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest
S1 E14 · Sat, June 24, 2023
14. News and Finance Feat. Mosheh Oinounou of Mo News!
Send us a text The global financial markets and the news are inextricably linked. News stories move the financial markets, and the financial markets make the news. Today we sit down with Mosheh Oinounou of Mo News, an Emmy-award winning journalist who has worked at Bloomberg, CBS, and FOX News in the past. Mosheh has now created his own news service primarily distributed across social media platforms, where he is a trusted source for hundreds of thousands of followers. We discuss how Mosheh distills critical intel from the vast array of global news, explore the complexities of bias and mistrust in the news media, and debate the role of journalism in a post-AI environment. We swap stories from opposite sides of the newswire during major market-moving events like the financial collapse of 2008 and Fukushima in 2011. And we learn how Mosheh is preparing for his next exciting role as a father! You can watch Mosheh's TedEx talk referenced at the link below, can subscribe to his news letter or become a Mo News premium subscriber on his website or follow him for. your daily dose of news on Instagram or TikTok. Mosheh TedEx Talk: https://www.youtube.com/watch?v=IBZdjaIR4w8 Mo News Website: https://www.mo.news/ Follow Mosheh on TikTok and Instagram at @mosheh Follow us on Instagram and Tik Tok at @thewallstreetskinny Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA &
S1 E13 · Sat, June 17, 2023
13 The Finance of HBO's Succession Season 1
Send us a text We explore the hot topics of private equity, venture capital, mergers & acquisitions, hostile LBOs, and MORE through the lens of one of our favorite shows: Succession. Think "dual class stock shares" sound boring? Think again! We break down the key corporate finance plot points (note: spoilers included but minimized, especially regarding the season 1 finale) driving the drama inside one of the all-time greatest shows. For additional insight, check out this great article from the FT: https://www.ft.com/content/a7ce31e0-06f0-4986-9eb9-f4322a40ffc3 Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E12 · Sat, June 10, 2023
12. What to Expect in Your Your Summer Internship
Send us a text Congrats on landing your summer internship....Now what?? We walk through every aspect of the internship experience --- from getting coffee to getting the coveted full time offer. We talk about housing, training, desk assignments, the importance of networking, etiquette, and typical projects across various divisions. We discuss how to prove your worth, how to land a full time offer, and how to deal if you DON'T get that dream offer. Sharing personal stories of being little grownups in the big city and all we learned along the way. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E12 · Fri, June 09, 2023
What to Expect in Your Summer Internship: Investment Banking and Sales & Trading Edition
Congrats on landing your summer internship....Now what?? We walk through every aspect of the internship experience --- from getting coffee to getting the coveted full time offer. We talk about housing, training, desk assignments, the importance of networking, etiquette, and typical projects across various divisions. We discuss how to prove your worth, how to land a full time offer, and how to deal if you DON'T get that dream offer. Sharing personal stories of being little grownups in the big city and all we learned along the way. Follow us on Instagram and Tik Tok at @thewallstreetskinny https://www.instagram.com/thewallstreetskinny/
S1 E11 · Sat, June 03, 2023
11. Hedge Funds 101: Feat. Paul Podolsky
Send us a text In this episode, we explore the world of hedge funds with Paul Podolsky, who spent 16 years at Bridgewater (the world's largest hedge fund) before launching a writing, publishing, and podcasting career. We ask: how did hedge funds evolve, and how are they different from traditional asset managers? What are the different types of hedge funds? How do they raise and deploy capital? What are the entry and exit opportunities? And...what does it truly mean to be a "pain sponge?" Paul Podolsky spent 20+ years on Wall Street with most of that time at Bridgewater Associates, the biggest hedge fund in the world. Prior to that he worked.as a journalist in 1990s Russia, writing for Novaya Gazeta, The Moscow Times, and Hearst. He graduated from Brown University, The Fletcher School of Law and Diplomacy (Tufts in association with Harvard), and the Maurice Thorez School of Foreign Languages. He currently has a podcast of his own called 'Things I Didn't Learn in High School', is the author of "Raising a Thief" and "Master Minion" and has a Substack where he writes "Practical, jargon-free description of what is going on in international affairs and financial markets that ties directly to my asset allocation, with full transparency into my wins and losses." You can follow him at the links below. Follow Paul Podolsky: Twitter @paul_podolsky Instagram @paulpodolsky www.paulpodolsky.com Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self
S1 E10 · Fri, May 26, 2023
10. Q&A: Valuation, Buy-Side vs. Sell-Side, IRR vs. CAGR, Excel and More!
Send us a text Answering questions we've received from listeners via email and Instagram! This week's topics include: how to choose the right valuation method? How to prepare for an investment banking interview? What is the difference between IRR, CAGR, and ROI? ...and more!! This is our first of many future Q&A episodes to come. To have your question featured on our next Q&A episode, please email us at questions@wallstreetskinny.com or send us a direct message on Instagram. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E9 · Sat, May 20, 2023
9. The Lehman Trading Floor: An Inside Look at the 2008 Financial Crisis Epicenter
Send us a text We share our unfiltered personal stories from the front lines of the 2008 financial crisis. Maybe you've read the headlines: banks going under (SVB, First Republic), UBS acquiring Credit Suisse, offers being rescinded, and worry about what will happen if you’re starting your career during a financial crisis. They say past is prologue so we share what it was like being on the trading floor of Lehman Brothers when it collapsed, or working firsthand on the financial products that caused a global economic meltdown. We also reflect on lessons learned for navigating your career path during times of uncertainty. Our most raw, personal episode yet! Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E8 · Sat, May 13, 2023
8. The 2023 Banking Crisis: What Led to SVB’s Downfall
Send us a text It's been a pretty wild spring in 2023. Since March of this year, we've seen Silicon Valley Bank (SVB) collapse, Signature Bank shut down, Credit Suisse get acquired by UBS, and --- most recently --- First Republic get acquired by JPMorgan. But the turmoil in the banking sector is likely not over just yet. In this episode, we explore the economic circumstances driving current events and explain the underlying mechanics behind the headlines. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E7 · Sat, May 06, 2023
7. How to Ace the Investment Banking Interview
Send us a text We tackle our most-asked listener question: how do I ace the interview for a job in finance? Listen to learn key technical skills you'll need in your toolkit and pick up tips for mastering the conversation. We touch on do's (and don'ts!) for interviews in IBD and Sales & Trading, and cover variations on the theme for hedge funds, private equity, and other opportunities. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E6 · Sat, April 29, 2023
6. Fixed Income Sales & Trading 101
Send us a text In this episode we tackle the Sales & Trading division of an Investment Bank, the high profile, fast-paced, markets-based, client-facing arm of a firm. This is where billions and billions of dollars change hands every single day, and fortunes can be made or lost before most people have their morning coffee. We follow the journey of an investment idea from conception to execution, explain the roles of salespeople and traders, and discuss compensation metrics and exit opportunities. If you listen closely, you might just learn how to retire before you’re 40..... Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E5 · Sat, April 22, 2023
5. Debt Capital Markets 101: Where Do Bonds Come From?
Send us a text In this episode, we delve into one of life's greatest mysteries: where do bonds come from?? We take a brief detour through the capital markets group and walk through an example of corporate bond origination. We also discuss the lifestyle and exit opportunities associated with the Capital Markets division of an investment bank Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E4 · Mon, April 17, 2023
4. Investment Banking 101: IBD Deep Dive
Send us a text In this episode, we explore the investment banking division (IBD) through the lens of one specific merger, discuss different groups within the division, and share insights for those interested in a career in IBD. This episode is dedicated in loving memory of Jennifer Moe, a former colleague and beloved friend. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E3 · Sat, April 08, 2023
3. Investment Banking vs. Sales & Trading: Secrets for Success
Send us a text What are the secrets for success in investment banking and sales and trading? In today's episode we discuss talents and character traits that may set you up for success on Wall Street, explain the two main divisions of the investment bank in greater detail, and describe a day in the life of a first year analyst in both divisions. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Start your FREE TRIAL of Training The Street's Turbo Macros HERE Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E2 · Tue, April 04, 2023
2. What is an Investment Bank?
Send us a text In this episode, we answer the question: "What is an Investment Bank?". We also explore the reasons why someone might want to pursue a career on Wall Street, and share some of our personal stories that led us into finance. Check out Public.com at the link http://public.com/wallstreetskinny Visit Vanta.com/wallstreet for $1,000 off Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
S1 E1 · Mon, April 03, 2023
1. Welcome to The Wall Street Skinny!
Send us a text Welcome to The Wall Street Skinny ! Our first episode is a brief introduction to explain our mission, share a little bit about ourselves, and invite you along on our quest to make the world of Wall Street accessible to EVERYONE. Check out Public.com at the link http://public.com/wallstreetskinny Our Investment Banking and Private Equity Foundations course is LIVE : Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS... See full disclos...
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