Overheard at Moelis

“If Moelis/Hertz can pull off issuing $1B in essentially worthless stock during all of this, then we're the best RX group there is. Imagine pitching and being like, yeah we got our client $1B in essentially free money” - @PJT

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They should be thanking dave portnoy, the true rx genius, with his legion of daytrading tards

To live is to suffer, to survive is to find some meaning in the suffering.
 
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Totally not legal for actual securities btw, but imagine if RX teams had bot armies and meme accounts on /r/wallstreetbets in order to influence market sentiment and get the teenage Robinhood traders on board. That's the cyberpunk future I'm trynna live in dude.

(Side note, the crypto market works like this, lol.)

“Millionaires don't use astrology, billionaires do”
 

In 2001, Lebed and the SEC negotiated an out-of-court settlement in which Lebed forfeited $285,000 in profit and interest he had made on 11 trades without admitting any wrongdoing, allowing him to keep close to half a million dollars.7

Holy fuck. This dude didn't have to admit guilt and got to keep $500k. I mean he was stupid and lost a $2.5m lawsuit for unrelated purposes years later, but holy fuck. Maybe crime does pay,

 

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