Just an FYI: there are only ten seats left for tomorrow night’s tournament (benefiting Bill Ackman and Whitney Tilson’s Rewarding Achievement (REACH) program, which gives inner-city high school students academic support and scholarships for passing AP exams). Continue reading »
poker
Are you a money manager currently ripping off your clients or considering doing so in the near future? Are you of the opinion that, if caught, you wouldn’t do so well in the big house? Then here’s a free one: convince the judge you have a gambling addiction and he just might let you a) avoid time downtown and b) let you pay off your debts to society via card games. Continue reading »
Do you have plans on August 11? Do you fancy yourself a poker player? A really good poker player? Do you think you could beat David Einhorn, even if he’s wearing his lucky sweatshirt? Do you think it would not be so awkward that the two of you could then enjoy a meal together and talk shop after which he picks up the tab? (Go with me on this as I think I might have something you’ll be interested in.) Continue reading »
Here’s one: in an online survey of current and former employees, Goldman Sachs beat out a whole slew of financial services firms to be named– wait for it– the second best place to work. Now, I know a lot of other banks and institutions would be sending out congratulatory emails about how great an achievement this is and so on and so forth right about now. That’s because these banks and institutions are losers, just as second place is (the number one loser, in fact). Reuters is trying to make a big deal of the whole thing, offering Goldman a pat on the back, going on about how this is great news in a time that Goldman could really use it, which is of course just making things worse. Why not draw attention to the fact that GS is the best place to work after freaking Susquehanna International Group, Reuters? You know what Goldman could really use, Reuters? You stuffing it. This is not great news. Goldman finishes second to no one and it certainly doesn’t finish second to companies headquartered in Lower Merion Township. Today, though, the bank did.
[Breathe] Continue reading »
Merrill Lynch Banker And Colleagues May Serve Time For Playing Texas Hold ‘Em In Hong Kong
By Bess LevinApparently that is wrong in HK, and they should not have done that. What they should have done was either a) take the ferry to Macau, “the Vegas of Asia,” or b) done some horse betting, which is cool with the authorities. Continue reading »

Peter Nussbaum would like the record to reflect that this is just a costume Steve wears sometimes. He doesn't *actually* look like this.
For the July issue of Vanity Fair, Bryan Burrough has the second only on the record interview with Steve Cohen. Burroughs previously hinted that he was able to seal the deal with Steve due to the fact that it would offer Cohen’s wife, Alex, a highly coveted opportunity to be shot by Annie Liebowitz. And sure, that probably helped things (the billionaire secretly loves having his photo taken, and in another life had dreams of being a male model). But beyond that, it’s clear that Steve and his people were ready for some Real Talk. Sick and tired they are of being seen as recluses who keep themselves ensconced in a hermetically-sealed full body condom. Sick and tired they are of having people assume that underneath their clothes, they’re entirely covered in scar tissue. Sick and tired they are of the whispers, the rumors, the theories, that they’re control freaks who will never let go. SICK AND TIRED THEY ARE OF THE ASSUMPTIONS THEY DON’T SAY PLEASE AND THANK YOU. Sick and tired they are of the nicknames. And so now, they’re opening up, like never before. ‘Cause they’ve got some things they’d like to clear up. A few things they want you to know, so you don’t just go making it all up on your own. Are you ready for this truth? This truth to be laid on your ass? Steve’s general counsel, Peter Nassbaum, will start.
* And it pertains to the photo above. “Steve has been characterized unfairly,” Peter A. Nussbaum, his general counsel says, “He doesn’t have two horns and a tail.” *** Continue reading »
If You Don’t Like Playing Poker, Consider Re-Thinking This Career On Wall Street Thing
By Bess Levin“If someone’s been successful at poker then there’s a good chance they could be successful in this business,” said Danon Robinson, a partner at Toro Trading, which has on at least one occasion, asked a prospective employee to play a few rounds during an interview. “If you have no interest, that’s almost a red flag…. It’s almost the equivalent of not reading the Wall Street Journal.”
