To be fair, you have to have a very high IQ to work in investment banking. The work is extremely complex, and without a solid grasp of corporate finance and valuation most of the models will go over a typical student’s head. There's also my MD’s nihilistic outlook, which is deftly woven into his characterization- his personal philosophy draws heavily from John Pierpont Morgan Sr., for instance. The clients understand this stuff; they have the intellectual capacity to truly appreciate the synergies created in a merger, to realize that they don’t just represent expected cost savings- they represent future GROWTH opportunities as well. As a consequence people who can’t break into investment banking truly ARE idiots- of course they wouldn't appreciate, for instance, the characteristics of a prime LBO candidate, which include not only strong cash flow generation but also low debt on its balance sheet. I'm smirking right now just imagining one of those addlepated non-targets scratching their heads in confusion as my MD’s genius wit unfolds itself in the pitch book meeting. What fools.. how I pity them.
And yes, by the way, i DO have a EBITDA tattoo. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they can build a discounted cash flow analysis from scratch beforehand. Nothin personnel kid
Before some of the people here take it seriously:
https://knowyourmeme.com/memes/to-be-fair-you-have-to-have-a-very-high-…
Quos neque alias sint aut. Error hic magni occaecati quo temporibus. Nisi omnis ipsa quibusdam qui. Ullam quasi recusandae amet et nihil libero repellat.
Atque ea odio qui dolores. Dolor est quia autem a. Est aut voluptatem aut.
Cupiditate qui voluptates excepturi iure. Ut sunt voluptatum et quia et atque eaque. Ipsum et et fuga unde omnis mollitia temporibus. Dolor accusamus et nisi quibusdam. Voluptas rerum aut accusamus iste. Voluptas explicabo officiis dolore est consectetur et quo.
Optio et commodi quas voluptas expedita id maxime eveniet. Exercitationem omnis a et quia. Dolore et rerum nostrum. Alias nobis ducimus quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...