Bitcoin investors realizing that Saylor’s entire “strategy” was to buy at $100K and sell at $60K

I think about this pretty often. The most valuable company in 5 years is most likely not an AI company

The one trait not enough people talk about that is absolutely invaluable early in your career is humility There are a lot of young graduates, particularly in finance, who come in with a certain level of arrogance The mentality is that mundane tasks are beneath them, despite being the youngest and most inexperienced person on the group with no other value to add Confidence is one thing, but arrogance can be destructive to your long-term career. So if you are ever in this position, avoid arrogance at all costs. Whenever you are given something to do, no matter how dull it is, take ownership of it and do it well You will only be trusted to do the glamorous things once you learn to do the small things with great consistency

Watching the stock you bought right before earnings announce that they beat analyst estimates

This is a really interesting discussion around the difference between working at an NYC vs San Francisco based investment firm West coast firms tend to be trend followers by nature, while NYC based firms approach investments with an individualistic lens, not beholden to what others are doing From David Senra's conversation with Jonathan Ross, founder of Groq. Worth a listen

They never recovered from the 7-1 loss to Germany in 2014

The last three world cups, Brazil has been eliminated by Belgium, Croatia, and Norway Cursed world cup team

Letting the MBA associate build the LBO model at 11 PM before the client meeting in the morning

Private equity associates getting paid $400K/yr to roll up healthcare clinics in the midwest

Ever wonder why we never see officials and CEOs in China with American women as their wives or girlfriends? x.com/NotHoodlum/status/2073…

The influence that JP Morgan, the man and the bank, had on Wall Street and government affairs during the early 1900s is something we will never see again At its peak during 1913, J.P. Morgan controlled $750 billion of assets in 2026 dollars, spread across the most influential and critical infrastructure industries across the globe In 1901, U.S. Steel's formation was led by Morgan with an initial capitalization of $1.4 billion. To put in context, the federal U.S. government only spent $517M that entire year In 1907, Pierpont Morgan single-handedly stopped a market panic led by the bust of the Knickerbocker Trust. The bank arranged a $30M bond purchase just to cover New York City's payroll. This was at a time when the Federal Reserve still did not exist. JP Morgan was selected as the sole underwriter of the Anglo-French war bonds during WWI, with roughly $1.5 billion in loans to allies. The bank was also the sole purchasing agent for British and French munitions, steel, chemicals, and cotton. The fee was roughly 1% on all purchases made In 1924, the Allied loan for Germany to stabilize their economy and stop the crash of their currency was agented by JP Morgan Later on, the bank was assigned as Agent General to collect German reparations for WWI, essentially acting as the middle man and banker for nearly half the world

The irony of the post depression banking and securities regulation reform was that Wall Street invited it themselves, more than anyone else Chase had already moved to separate their commercial and investment banks to change public image of the company National City, one of the largest banks at the time and predecessor to Citi bank, also favored the exact same thing A lot of people view the Glass Steagall act passed at the time as a decisive blow to Wall Street, when in reality, it was Wall Street who asked to be regulated

happier that* the edit function didn’t work for some reason

If you are an office worker, I cannot imagine why you would not be happier than AI will automate the most mundane pieces of your day Even in banking and private equity, half the day is taken up on stupid administrative tasks, and low value add items like aligning logos on a powerpoint deck Why would you not want an AI to do that, so you can focus on the bigger picture and learn more valuable skills? It seems like a win-win for everyone involved, particularly for new grads who have to take on the burden of these stupid to-dos most of the time Don’t understand the doomer takes around AI at all. What am I missing?

I think people don’t realize how bad investment banking hours are till they actually try and do it themselves Working 80 hours within itself is a lot, but the worst part is the unpredictability of the work Your weekend plans, vacation or late nights can get blown up at any time. Freezes you up from making commitments with friends and family, which ends up leading to more isolation and burn out During the really busy weeks and deals sprints, hours can easily move up to 80 or 90 hours/wk. That incremental 10 hours between 70 hours and 80 hours eats into your basic life activities, like setting aside time for eating a meal outside of your desk or getting enough sleep I can’t tell you how many young people come into this field thinking it’s all sunshine where you work on exciting deals and earn a lot of money The closer reality is that the can turn you into a walking zombie with high stress levels, with nothing going on outside of work To manage the job, you need to be insanely disciplined about creating boundaries outside of work, taking proper time off, and knowing when to push back on stupid asks from VPs and MDs

Private equity associates quitting their $400K job to run a HVAC business after realizing that they actually have to run a company for half the pay now

Investment banking MDs after their second divorce

Bridget Mendler is proof that you can accomplish anything in your life if you just disappear for a few years and lock in

If you haven’t been able to save up an emergency fund on a $180K salary, it is a spending problem, not an earning problem

This is perfectly said. America is so incredible that it makes you forget just how bad the alternative would have been if you were raised anywhere else x.com/Aella_Girl/status/2073…