When we last checked in with Holly Peterson, she had just released her debut novel, […]
Last month, we learned that at some point over the summer, Richard Kimball Jr. had left Goldman Sachs. Not knowing his plans, at the time we speculated he was either starting his own hedge fund, as former bankers, particularly ones who’ve been partners at Goldman, tend to do, or designing a line for La Perla, as people whose adult pool parties and clothing-optional Halloween gatherings that enrage the neighbors also tend to do. Today, however, we were informed that we were wrong on both counts. While owning a hedge fund or designing lingerie seem like they would fall in Kimball’s wheelhouse, his new gig is actually more perfect for him than anything would could have imagined. ‘Cause when one thinks of Rick Kimball Jr, one thinks PAR-TAY ANIMAL. And when you’re a par-tay animal on the level of The Kimballer, you need to take important steps to ensure the party don’t stop. Safeguards, if you will. One reason often cited by people who’ve been engaging in some hard partying for “never doing that again” is the desire to not suffer crippling hangovers the next day. But what if Rick Kimball told you you could party like no one was watching without ever waking up to another hangover again? Would that sound like something you’d be interested in? Because what we’re saying is: Rick Kimball is currently running a hangover prevention company.*
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing
According to an incredibly distressing report by Bloomberg today, Richard Kimball Jr., he of topless pool parties, topless and bottom-less Halloween parties, and what sound like orgies in the backyard-fame, is no longer a partner at the firm.
Goldman Sachs, which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing. That’s because 33 people listed as part of the partnership in a February document weren’t included in a filing released Nov. 2…Names dropped from the latest list include investment bankers Jason G. Cahilly, who specializes in advising media and telecommunications companies; Alastair J. Hunt, who works with businesses involved in natural resources; Kevin A. Quinn, a specialist in semiconductor firms and Richard A. Kimball Jr., who worked with the health-care industry.
Although rumors circulated a while back that Goldman was considering simply de-partnering Kimball, a painful process that nevertheless allows neutered ex-partners to still gain access to the building, we’re told that he has in fact left the bank entirely.* So the position is up for grabs and while it’s unlikely that anyone will be able to fill his considerable shoes, that’s not a good enough reason to not give it a try.
Goldman Sachs Partner List Drops 31 Since February, Filing Shows [Bloomberg]
Earlier: Goldman Sachs Managing Director Richard Kimball Finds Finds New Apartment Board Not Hell-Bent On Ruining His Good Time; Goldman Sachs Considering Punishing Richard Kimball For His Prudence, Joie De Vivre; Goldman Partner’s Neighbors Scandalized By Shirt Optional Parties; Goldman Sachs Supposedly Not Happy With Topless Story; Banks Advising Employees To Avoid Flashy Hamptons Homes This Year, Vague About Whether Or Not Pulling A Kimball Is Okay
*Whether to start his own hedge fund or design a line for La Perla is unclear at this time.
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