• 29 Aug 2007 at 9:56 AM
  • War

Investment Banking Kills

Little ink should be spilled debating whether or not investment banking sucks. Whether your answer is “Yes” or “Yes, very much so” is a matter of preference. 100-hour work weeks + enforced genuflecting to spreadsheets and associates alike + a Vitamin D deficiency + the fact that the toll being taken on your body as a result of said occupation has the same side effects as massive intakes of Lemon Lime Gatorade + the sleepless nights spent wondering how big or small that bonus will be + the missing “cool (we lost three billion dollars in a matter of weeks)”-factor associated with being a hedge master (or even minion)? Pass. But can one actually make the case that investment banking is more demanding than serving in Iraq? Apparently. Deal Journal reports Capt. J. Dow Covey’s opinion on the matter:

“I practiced law for three years,” he said, “then got into investment banking. When 9/11 happened I just had to sign up with the Army. Investment banking is a lot more stressful than this.”

Okay. Except that when you’re living in your cubicle at 270 Park, there’s very little risk of getting shot (pray as you might for it to happen), and call us crazy, but not having to stress over wondering if we’re going to die today seems to displace, uh, everything else. But that’s just us– crazy! Thoughts? (NB: we do not discount the risk of heart attack associated with working in IB, or suicide, either. If you ever feel like giving up, or just need to talk to someone– tips at dealbreaker dot com.)
Investment Banking: More Stressful Than Serving in Iraq [Deal Journal]

  • 04 Oct 2006 at 3:44 PM
  • Iran

How To Profit From The Coming War

nukediran.jpgPeter Cohan at Blogginstocks gathers together various news stories indicating that an October Surprise Iran invasion might be in the works in the weeks leading up to the midterm elections. His suggestion: profit! More specifically:

How can you profit from the October surprise? Well, buying oil company stocks is one way. ExxonMobil Corporation (NYSE: XOM), ConocoPhillips (NYSE: COP), BP plc (NYSE ADR: BP), and Petroleos Brasileiro (NYSE ADR: PBR) are a few that come to mind. And with oil prices below $59, the price of a barrel of oil would climb along with these stocks on news of the Iran invasion.

As we’ve noted before, the Bush administration is highly sensitive to Muslim sentiment and is unlikely to launch an attack during Ramadan. But Ramadan ends in late October—October 24—so make sure you time this thing right.
Could there be an October Surprise? Something to do with Iran? Can you trade on it? [BlogginStocks]