1) Crestline Launches Zombie Fund Effort (FIN Alternatives) - Zombies are all the rage on Wall Street right now. First Danielle Morrill called out all the zombie VCs in this post, then Fred Destin threw his hat in the ring over here. Now Crestline is organizing a fund to buy up all the zombies. Sounds like we're suffering from an acute shortage of BRAINS.
2) Infamous Trader With A $320,000 Bar Tab Has Been Charged In A $7 Million Unauthorized Investment Scheme (Business Insider) - Check please.
3) French minister blocks Yahoo!-Dailymotion deal (France24) - God, I hate this f**king country.
4) Late Lunchtime Links: How brokers expense traders’ ‘treats’; Bob Diamond says it was never about the money (eFinancial Careers) - Been wondering how to finance that office expedition to Scores? You're welcome.
5) This Is What It Looks Like When You Lose All of Your Startup Money (Valley Wag) - This is just brutal. Why would you spend 46 cents to mail a check for 56 cents. Who does that shit? That said, an old boiler room guy like me has nothing but respect for an 8,000,000:1 reverse split.
6) College’s return on investment: Is it worth going to an expensive school? (Quartz) - We've done this to death on WSO, but I'm posting this because a couple of the charts are pretty impressive. You want the most bang for your college buck? Hope you applied to SUNY - Maritime College. Harvard can suck it.
7) Brawl at 24,000 Feet: Inside the Ice-Axe Wielding Fight on Mt. Everest's Summit (The Atlantic Wire) - You know what's cooler than climbing Mt. Everest? Bashing someone with an axe at the top.
8) My Favorite Entrepreneur Story In A Long Time (Tech Crunch) - Any fan of the rooster sauce is gonna dig this in a big way.
9) Adam Yauch Remembered With Brooklyn Playground Dedication (Rolling Stone) - Too fuckin' cool.
10) Sex Superbug Could Be 'Worse Than AIDS' (CNBC) - When I first read this all I could hear was my old Gunnery Sergeant's voice in my head. "Gentlemen, here's the deal. You wear two rubbers all day long, and when you take one off at night you'll feel like a madman."
Video of the Week:
You guys remember WSO's very own Stephen Ridley who famously left banking to become a London street performer? Well he's starting to blow up a bit and now he's becoming Internet famous. The guy is incredibly talented and I'm sure it's just a matter of time before he's a household name if he keeps working this hard. Here's a recent video of him performing "Fold" on London's The Fox Problem. Get 'em, killer:
That's it for this week and next week, fellas. I'm off to the south of France for a well deserved week of R&R. Let me know what you think of this week's Banana's in the comments, and have a redonkulous weekend!
6) I feel that these 30-year studies of college ROI don't have much relevance to the present, as they reflect an era when college degrees were not as common and more valuable. Back then BAs were not working as receptionists or baristas
Regarding 2)- when I first heard about this guy on WSO, I left a comment to the effect of, "Sounds like something out of American Greed".
LOL- so sad to see it turned out to be true!
Had the honor of shooting the shit with Adam Yauch once... He defined "cool" to me. Glad to see this park is being named after him.
Good 'nanners, as always.
5.) Ouch. "Sometimes you win," he told us, "but you rarely hear about the losers."
It's hard to imagine that at one point Ridley was answering questions about WACC and telling bankers he wanted to work on m&a transactions in interviews. Now he's on TV playing his own music. Damn.
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