think about it

“Bon appétit,” says Pandit, as he slices into a beetroot and continues to extol the virtues of something he calls the “SMAC stack”. I tell him this sounds awful but, he assures me, “it’s the vernacular for the ease for which you can get into business today,” and it stands for “Social media, Mobility, Applications and Cloud. “Data is like . . . You’re too young, but there was a movie with the [line about] plastics.” When I assure him I’m familiar with The Graduate, he says: “Data is this generation’s plastics. I don’t see business models being truly successful until you get it.” [FT]

Attending Harvard, surrounded by classmates with trust funds and blue blood, who had no idea what it was like to grow up in the projects. His years with those same WASPs, many of whom had probably never met a Jew. The period in which there was a lot more Lloyd to love, which coincided with the ‘You can never be too rich or too thin’ era. All experiences that likely made Lloyd Blankfein acutely aware of the fact that he was different, and maybe made him feel like a little bit of an outsider.

None of them, however, can compare to the most ostracizing experience of his life: working as a young commodities trader in an investment bank. Some might say it was the equivalent of being gay in a world that is yet to fully accept homosexuality. Read more »

  • 20 Feb 2013 at 5:15 PM

Blackstone Penguins To Take Their Show On The Road?

If the private equity firm is really serious about an IPO of SeaWorld, these guys are obviously the best people to peddle the company’s wares. For all we know, last month’s visit was a dry run of the roadshow presentation. [Bloomberg]

  • 26 Jul 2011 at 3:51 PM

A Debt Ceiling Hypothesis

We’re sick of the debt ceiling too but just hear this out.
Read more »