Advise like a Rockstar

Jorgé's picture
Rank: Neanderthal | 2,121

In finance, a rockstar is usually defined as someone who produces the most profits for his or her firm or desk, it is synonymous with the "rainmaker", though not necessarily with the BSD's.

It's a title dreamt of and lusted over by almost every aspiring monkey setting foot on the Street.

This dude however did it the other way around.

Former Guns & Roses and Velvet Revolver bassist Duff McKagan has set aside his winning ways and is launching his own PWM firm called Meridian Rock, together with former banker and Imprimatur Capital principal, Andy Bottomley.

McKagan discovered his interest in finance when he stumbled upon GnR's finances while recovering from ruptured pancreas due to epic amounts of drugs and booze.

"I couldn't make sense of it. I didn't know how much we had made or lost on the tour... As a 30 year-old millionaire, how do I admit to somebody that I don't know what the fuck I'm doing?"

He promptly signed up for finance classes in Santa Monica Community College and then four years later, entered Seattle University's Albers School of Business, during which he was actively managing his own portfolio and began advising his fellow rockers on various investment decisions, eventually leading to the conceptualization of Meridian a decade after.

Now, am I the only one who has reservations about this model?

This isn't the 80's anymore and I'm pretty sure rockers today are a little more sophisticated with their finances now than they were back then, especially considering the fund manager-like paychecks they bring in today.

Nevertheless, with him as principal you'll never know.

One thing's for certain though, this sure as hell won't be a boring place to work at and I wouldn't be surprised if the epic Mr. Sheen comes over.

Any of you considering this a place to waste a summer in?

And since most of you monkeys go into finance hoping to party like a rockstar, which would you really rather be? A banker or a rocker?

Don't tell me none of you fucks were in a band before.

Have a great weekend WSO.

Comments (15)

Mar 4, 2011

I would work there for half of what I make now. Hands down.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Mar 5, 2011
happypantsmcgee:

I would work there for half of what I make now. Hands down.

Might be worth it if Slash was there.

I win here, I win there...

Mar 7, 2011
Bi-Winning:
happypantsmcgee:

I would work there for half of what I make now. Hands down.

Might be worth it if Slash was there.

Can you imagine hanging out after work with him? HELL YEAH!

Mar 4, 2011

Sounds fun. Get a little warm-up going every morning with "Welcome to the Jungle." I can live with that.

Metal. Music. Life. www.headofmetal.com

Mar 4, 2011

Band. Partied like a rockstar. Partied with the rockstars. All before graduating. Now I just want money haha

More is good, all is better

Mar 4, 2011

"Oh, and by the way, poetic talent is really easy to fake: when thy sentences doth no fucking sense make."

Lol, love it

More is good, all is better

Mar 5, 2011

I was never in my band all my life. I'm too lowly a fuck.

Mar 5, 2011
Jorge:

And since most of you monkeys go into finance hoping to party like a rockstar, which would you really rather be? A banker or a rocker?

Got this question during an S&T SA interview...

In the forest aflame
The lions were fresh

Mar 5, 2011
Nourriture:
Jorge:

And since most of you monkeys go into finance hoping to party like a rockstar, which would you really rather be? A banker or a rocker?

Got this question during an S&T SA interview...

I'm pretty sure it's covered in the updated WSO behavioral interview guide...

Mar 6, 2011
econ:
Nourriture:
Jorge:

And since most of you monkeys go into finance hoping to party like a rockstar, which would you really rather be? A banker or a rocker?

Got this question during an S&T SA interview...

I'm pretty sure it's covered in the updated WSO behavioral interview guide...

Banker of course. Money appreciates, youth does not.

Mar 5, 2011

I'm sure open use of blow at Meridian Rock is highly encouraged... want to make the clients feel at home and all.

I'm on a drug. It's called Charlie Sheen.

Mar 6, 2011

I'd rather be a rocker. Played in a band in high school, it was the best thing I've ever done.

"Rage, rage against the dying of the light." - DT

Mar 7, 2011
Comment

"You Want details? Fine. I drive a Ferrari, 355 Cabriolet, What's up? I have a ridiculous house in the South Fork. I have every toy you could possibly imagine. And best of all kids, I am liquid."

Pages