Eustacia Vye
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Oh sure, the "bailout" has no impact on taxpayers or investors, unless of course you consider the interest you lost in your money market fund in the last three months when it went down from 5% to 2% (with no capital gains) and lower interest coming back to you on any property you're stupid enough to still own, because, of course, a renter's economy is so much more exciting.
HAHAHAHAHA! Beautiful.
Midmorning Cocktails and A View From The Buyside
I'm skeptical that any money manager worth his salt would admit to reading the journal for purposes other than gossip. That being said, I too am a fan of the prose, for reals....but since when do you forsake jamesons for (blush) gin? be still my english heart!
My vote is a Bentley.
Yeah, I was at 277 back in the Wicked Good Old Days of DLJ. to all you Dimo-neophytes now basking in that freesia-scented office karma...you're welcome. Nary a floor was abandoned, but there were all these huge piles of money everywhere that you could like hide behind and take a nap, Little Boy Blue Style, right after your lunch was served to you by a white gloved waiter in your office. i'll have the roast duck with mango salsa, please.
I just saw one of these signs hanging on the sphincter of midtown (in front of the Modell's at 42nd and Lex) and I actually took a pic with my phone to send to you guys. for realz.
I love how Lindsay's beauty just disarms her interview subjects. "High Quality." bless his heart.
Someone posted "look under the kimono" - I've heard "Don't Open The Kimono", as in we don't want to reveal our hedge fund investment process. Spoken in combination with a hand gesture of opening an invisible kimono, ostensibly concealing a naked 55-year old hedge fund manager body. Barf. "Bench Strength" - reference to an experienced research team. Hard to say when you're hung over. "Sexy" as a synonym for interesting or relevant. Soo disturbing when it's coming from your hideous, same sex boss telling you that you need to make the investment grade fixed income presentation sound Sssexxxxy. "Resources" in reference to people. Me: "can you do this project for me?" marketing guy: "Nope. we don't have the resources." why don't you just say "Nope. I fired Joe and Gina in graphics." but my legit new favorite is: "Groundhog Day", describing a problem that never gets solved because you keep meeting with the same four inept people, none of whom remember or care what was discussed at the previous meeting. No matter how much you prepare other participants by sending around the last meeting's notes, reviewing the previous agreed-upon solution, etc, each meeting starts with the same exact hour long discussion of what the problem is, sending one into Phil Connors-like episodes of eating a dozen powdered donuts at the conference table or attempting suicide by pouring coffee on the space-ship shaped conference call phone while standing barefoot on the ground outlet.
Defenestrate? as in to jump out of a window? nice. I was in the 6th grade when it happened and I remember it vividly. I grew up in a typical small new england town where the fisherman's kids grew up alongside the doctors'. That day it was clear who was who. Kids were actually taken out of school that afternoon, including my "boyfriend" Chris. The teachers kept saying things about the next Great Depression. I remember thinking they were crazy old bats and wanted to know for myself what really happened. When I called Chris that night to find out what was wrong, he said that his dad was yelling and screaming in his parents' bedroom and his mom said that their family was going to be poor from now on. "I didn't realize you guys were rich." I ventured, stupidly. "well," Chris sobbed, "we were. And now I'm not even going to be able to go to college, forget about Exeter." I went downstairs for dinner and tried to talk to my parents about it...they were totally clueless, and acting strangely self-righteous. (Being social-do-gooders, they were not big investors.) I asked them, "well, if this IS like the Great Depression, could I go buy some stocks now that they aren't worth very much and maybe the prices will go up again later? Like all those stocks in 1929 went up again, right, Dad? So maybe that will happen again! It's like buying things on sale, right? Right?" "Yes, exactly. Pass the mashed potatoes, please." Black Monday was my first realization that some people knew how to make money, and some people didn't know, or care, what made markets move. It seemed immediately like an opportunity to gain knowledge about something that not everyone in the world knew about yet, something that was a mystery to some people, but not everyone, not the smart ones. That day is unquestionably one of the reasons I was always attracted to this business. No shit. There's my reminiscence.
My ex works for Nasdaq. I just called him to check in because he lives on 73 and york. He's not really worried and he said nobody around him cares about what happened - they're all just giving him shit because they know it's going to suck for him to try to get to his building. His plan is to go out drinking till the neighborhood calms down.