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I plan to wear something that is not just unusual, but comical!
be careful of those bangkok prosties; most are trannies
one night in bangkok makes a hard man humble.
toral mehta's pretty fucking hot even if she did get kicked out of bschool for plagiarism; too big of an ass for me, however
that's the return for TGT only which is IV A
Wow; it's just a child really enthusiastic about Wall Street, envisioning the Wall Street glorified in movies and books, but having not spent any time in the doldrumic cubicles researching on either the buy side or the sell side, he's really not in touch with reality. But that'll come with time as he matures.
Wow, this is so ridiculous that everyone, including me has wasted so much time reading this story and even writing a comment about a guy with no real market training or understanding; like so many other $30mm fund managers.
maybe she should go with the asian guys; smaller penises but probably willling to settle on looks alone!!!
AT&T reported 146k iPhone activations; that's not the same as Apple selling 146k iPhones. They sold 270k (including those sold through AT&T). Also, your second paragraph is incredibly confusing. Closing at $137.3 before being halted when? Opened at $130 and back up to $136 when? If you mean, they closed at $137.26 today and are up to $145 in after hours as of now, you'd be correct. Attention to detail!
you don't actually know what the most successful hf trades are.
Don't usually get petty about responding, but in this case... Management might put up several million dollars in warrants, but those warrants are valuable even if management does a bad acquisition. The warrants, in most SPACs, have a $5 exercise price on a $6/unit IPO, so those warrants are usually in the money as cash in trust runs around $5.90. So, there is no incentive for management to make a great acquisition, just an acquisition, which is a big difference. You could have done a better job in refuting my point by mentioning that management has a 3yr lock up on their 20%. My argument there would be that while we have not seen a SPAC 3 yrs out under the current structure, so maybe the bad ones will fail and management's 20% will go to 0, nevertheless, it's not hard to overpay for a company that's operating moderately well with very little probability of going bankrupt in three years, then cashing out in a deal in which you put virtually nothing in. In terms of the 20% to block a deal, that makes sense if you look at SPAC investors as sophisticated fundamental investors, which I would argue they are not. SPAC investors are enticed by the 'instant arbitrage' of the units after they split into warrants and common stock. While the shitty little investment banks that are putting these things together might argue that the arbitrage is a selling point for institutional buyers, nevertheless I would argue that they are selling them at a discount to an unsophisticated investor who's looking solely for a 'deal announcement pop' to get out. My prediction, is that as SPACs get more and more institutionalized, you're going to have a major shareholder shift from the original unsophisticated arbitrage enticed investors to the actual guys looking at holding the companies in the long run. Since these management teams are putting no real research into the acquisitions, there will soon be a SPAC in which the arbitrage investors try to get out once a deal is announced, but no one else wants to get in and they will be left holding a shitty target company being run by a halfwit former football coach. I rambled a little, but my theory is solid, you have a bad investment bank (though i rarely invest in any IPOs, because i think all investment banks are shady, but that's klarman, not my original thinking), you have a celebrity management team with no experience to sell the deal and you have the investor that thinks they can get a 'magical pop' from this thing. It's completely wrong and it's not how the capital markets work fundamentally. Research the milken junk era and you'll know what I'm talking about. Ok-too lazy to proof read this!
That was actually really funny, alpha romeo! Yes, just like equity research; those who can pull the trigger work for hedge funds; those who can observe and data gather work in equity research. Don't get me started on the absurdness of the fund of funds business.
Wow, how can you justify paying for a social life? If you don't have it, you obviously didn't go to the right schools, come from the right family...etc. Not that I'm saying everyone does, or that there's something special about that particular life. Just that, you should be who you are and who you were raised to be. If you didn't go to prep school in new england, stop trying to buy the lifestyle. If you didn't grow up in a ghetto, stop trying to act like it...etc. Bottom line, don't front. If you aren't born into it, you're not it and paying for it just because you happen to get a job on Wall Street doesn't count either.
Now that I found out Bess graduated college in '06, i don't take her posts very seriously anymore!!
It's not KK Kravis; she's more into the softer side of things; youngest trustee at Loomis Chaffee, her and HK's high school, posed in Seventeen Magazine while at Loomis...etc!
I don't really think this Muffie girl truly exists. I say this because she's wearing her resume and pedigree on her sleeve so blatantly that she has to be a fabrication of these peoples' imagination. No one from ne prep school or harvard...etc truly speaks so blatantly and classlessly about the hclub or father's lawyer...etc. It's people not from that world who're trying to portray someone from it that would write like this. So, as American to some extent and Wall Street to a greater extent is obsessed with the new england lifestyle (as in Wall Streeters now have the money but lack the pedigree), this is a way for the dealbreaker guys to create a persona for people to read...etc. Or maybe I'm just falsely optimistic about the true class and lack of pretense of the kids i went to school with.
He also knows about the Chicago Merc buying the NYSE and turning Chicago into the financial capital of the world; or so he said in some magazine in January 05 or 06!
I think you need to add parents; pedigree is important!
I think you should rate the parents too--obviously where you come from matters almost as much as what you're currently doing!!
but Becky Jarvis is the cool one!