Comments (121)

Nov 10, 2015
  1. What's your take on the Valeant situation?
  2. What do you think are the most important traits to look for in a wife?
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Nov 10, 2015
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1. What's your take on the Valeant situation?2. What do you think are the most important traits to look for in a wife?

1. Where there's smoke, there's fire.

  1. I would say you should look for someone who you are compatible with and where you have an implicit understanding of what role each of you are going to play in the relationship. For instance, if you are highly motivated and expect to be (or are) the money maker, that should be your role. If one person is going to be the primary caretaker of the kids, then that is their role. Don't start trying to do the other person's role or you will cause problems. So, I would suggest that finding someone who is compatible with you on major life paths is very important. Also, a nice rack is very important to me personally.
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Nov 10, 2015

Do you still play squash nowadays?

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Nov 10, 2015
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Do you still play squash nowadays?

Absolutely and I still dominate.

Nov 10, 2015
  1. Do you ever get bored being retired?
  2. Any plans on any media or tv appearances (maybe shoutout WSO)?
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Nov 10, 2015
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1. Do you ever get bored being retired?2. Any plans on any media or tv appearances (maybe shoutout WSO)?

1. Technically, I'm not fully retired.

  1. None planned at the moment.
Nov 10, 2015
  1. opinion of the Shiller PE
  2. what will healthcare look like in 2020
  3. do my Packers still have a chance to get to the super bowl
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Nov 10, 2015

wouldnt you love to see a Seahawks / Packers rematch in the nfc championship?

also what did I hear about aaron rodgers being scared to throw the ball? hmmm

WSO's COO (Chief Operating Orangutan) | My Linkedin

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Nov 10, 2015
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1. opinion of the Shiller PE2. what will healthcare look like in 20203. do my Packers still have a chance to get to the super bowl

1. Opinion in what way? It's just a figure. Seems like asking my opinion of yield to maturity, unless I'm missing something.

  1. Once again, this could be answered in a million different ways. If you mean will it be more socialized?, my guess would be yes. Will we have a cure for cancer? Very doubtful. Even better erection pills? Highly probable.
  2. I'm sorry to be the one to have to tell you this, but I'm sorry, they do not.
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Nov 10, 2015

Are you really DickFuld?

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Nov 10, 2015

If he isn't, why would he answer you honestly?

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Nov 10, 2015
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Are you really DickFuld?

No, I'm not.
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.
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Just kidding. I may need to change my username to therealDickFuld to alleviate this confusion.

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Nov 10, 2015

If you were to hire a kid from a non-target into I-Banking, what are some qualities that you would look for to determine whether that person would be a great employee? Loyalty?

Favorite Booze?

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Nov 10, 2015
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If you were to hire a kid from a non-target into I-Banking, what are some qualities that you would look for to determine whether that person would be a great employee? Loyalty?

Favorite Booze?

Definitely not loyalty. I'm not even sure how you would gauge that in an interview. I would hire a nontarget for the same reasons I would hire anyone else. Some people on this website make it seem as if targets and nontargets are entirely different species of people. They're not.

I'd be looking for people that can get the job done. Of course, the skills that make someone successful vary by job. But, generally, I'm looking for people who are smart, are resilient, can sell, and are hungry for success.

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Nov 10, 2015

Do you watch Game of Thrones, and if so, how hard would you sex Daenerys?

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Nov 10, 2015
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Do you watch Game of Thrones, and if so, how hard would you sex Daenerys?

I do not watch, but would smash with authority. I just Googled "Games of Thrones chicks" and would also smash Missandei and Cersei pretty hard as well. There did seem to be a fair amount of uggos on the top ten most beautiful women of Game of Thrones lists (and this coming from a guy with unbelievably low standards). I'd still smash those trolls though, because at least they're skinny and young.

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Nov 10, 2015

If you were in college, would you choose the same path or try something completely different? Also interested in qualities for a wife/significant other...

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Nov 10, 2015
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If you were in college, would you choose the same path or try something completely different? Also interested in qualities for a wife/significant other...

Assuming I still graduated at the same time, I would have gone down the exact same path. I love winning and finance gives you that opportunity, especially so in trading.

Nov 10, 2015

What's the secret ingredient in Sapphire? I thought it was heroine but I passed my last drug test way too easily for the amount of gin I drink so it's gotta be something else (however, my blood and urine are both flammable). Any ideas? I'm beginning to think it's an unsolvable puzzle kind of like how many licks does it take to get to the center of a Tootsie Roll Tootsie Pop.

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Nov 10, 2015
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p>What's the secret ingredient in Sapphire?

The secret ingredient is love.

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Nov 21, 2015
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What's the secret ingredient in Sapphire? I thought it was heroine but I passed my last drug test way too easily for the amount of gin I drink so it's gotta be something else (however, my blood and urine are both flammable). Any ideas? I'm beginning to think it's an unsolvable puzzle kind of like how many licks does it take to get to the center of a Tootsie Roll Tootsie Pop.

And this, ladies & gentlemen is how you kiss ass when you're 40 years old. Shame on you Ding dong.

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Nov 21, 2015
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undefined:What's the secret ingredient in Sapphire? I thought it was heroine but I passed my last drug test way too easily for the amount of gin I drink so it's gotta be something else (however, my blood and urine are both flammable). Any ideas? I'm beginning to think it's an unsolvable puzzle kind of like how many licks does it take to get to the center of a Tootsie Roll Tootsie Pop.

And this, ladies & gentlemen is how you kiss ass when you're 40 years old. Shame on you Ding dong.

No, more like a running joke and common appreciation of the nectar of the Flying Spaghetti Monster, but whatever gets you through the night.

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Nov 10, 2015

Who wins in fight, a trillion lions or the sun?

Nov 10, 2015
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Who wins in fight, a trillion lions or the sun?

Please see my "PS" disclaimer in the original post.

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Nov 10, 2015

What are your thoughts on the current GOP primary field? Which candidates do you like if any and why, which do you dislike and why?

Really appreciate you taking the time to answer questions.

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Nov 10, 2015
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What are your thoughts on the current GOP primary field? Which candidates do you like if any and why, which do you dislike and why?

Really appreciate you taking the time to answer questions.

I like Chris Christie and Carly Fiorina best from that field, but it doesn't really matter because Hilary is going to win regardless of who she goes up against.

Dec 17, 2016

It's funny going through older election predictions like this.. We all got trumped, seems fair to say.

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Nov 10, 2015
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What are your thoughts on the current GOP primary field? Which candidates do you like if any and why, which do you dislike and why?

Really appreciate you taking the time to answer questions.

i'm watching the debate on DVR now. I definitely want to inject Fiorina with a bit of throat yogurt/would knock the dust off that pussy.

Nov 10, 2015

Will EBs keep taking market share from BBs in M&A? Why and where do you think would be the best platform for developing a career M&A banker?

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Nov 10, 2015
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Will EBs keep taking market share from BBs in M&A? Why and where do you think would be the best platform for developing a career M&A banker?

i'm sure they will continue to take market share. I still think the best platform to start is at a BB. The training is good, but most importantly the path is clear to promotion. If you're at an EB, I'm not sure how you develop and control relationships when the senior guys are already in place and controlling those relationships. However, it may make sense to jump ship from a BB to an EB when you have significant relationships that will follow you if you leave. That's a hefty payday.

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Nov 10, 2015

In your opinion, what are the most significant values/traits that make someone reach the CEO level? Why'd you mention "definitely not loyalty" in the earlier question about what to look for in candidates?

Then out spake brave Horatius, The Captain of the Gate: "To every man upon this earth, death cometh soon or late. And how can man die better than facing fearful odds, For the ashes of his fathers, and the temples of his Gods."

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Nov 10, 2015
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In your opinion, what are the most significant values/traits that make someone reach the CEO level? Why'd you mention "definitely not loyalty" in the earlier question about what to look for in candidates?

It's not that I don't value loyalty, I just don't know how you would be able to ascertain if a kid was loyal in an interview process. Loyalty is rewarded for people who are already on the team.

Reaching the CEO level requires a combination of being very good and very lucky. Leadership skills are obviously very important, but so are sales skills and strategic planning. Truth is you mostly just need amazing people who will follow you. When they do well, you look good.

Nov 10, 2015

In your opinion what are the top 3 qualities of an exceptional salesman ?

Who would you value more on your team?

  1. Some one that is an excellent team player.
  2. Some one with a great technical skill-set.
    3.Some one who has a lot of hustle.

Keep it together and you will go far..

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Nov 10, 2015
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In your opinion what are the top 3 qualities of an exceptional salesman ?

Who would you value more on your team?

1. Some one that is an excellent team player.2. Some one with a great technical skill-set.3.Some one who has a lot of hustle.

1. Tenacity
2. Listening abilities
3. Trustworthiness

As far as who would I rather have on the team? It would depend on what role we were hiring for. Clearly #2 for a quant, risk management, technology, etc. #3 for anything sales or relationship management oriented, but I would want that in anyone. I would want #1 for most roles, but especially for support type roles.

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Nov 10, 2015

@DickFuld any thoughts on writing a book? Also, can you revive the "Bleed Lehman Green" shirts? Or maybe create ''F*ck Paulson" shirts?

any thoughts on this hater's questions for you?

Best Response
Nov 11, 2015
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@DickFuld any thoughts on writing a book? Also, can you revive the "Bleed Lehman Green" shirts? Or maybe create ''F*ck Paulson" shirts?

https://www.youtube.com/watch?v=0GGV3GGHD2Q any thoughts on this hater's questions for you?

I saw part of that video you posted and it upset me. I had a horse-toothed, know nothing man who knows nothing, NOTHING, about how the real world works question my intentions and integrity at my absolute weakest point to score political points with his room-temperature IQ constituents. I threw an SB to almost every post in this thread, but now I have to fling my first poo at you. After watching my responses again in the video, I think I was composed and thoughtful. Unfortunately, there is a rule that should never be forgotten: Never get into a argument with an idiot, because most people will not be able to tell the difference between the people arguing.

I'm not writing a book anytime soon. I'm still the most hated man in America. I've enjoyed a small Renaissance on WSO, but it is a small audience.

I'll see if I have anymore 'Bleed Lehman Green' shirts. Unless I can get at least 30 SBs on this post or 30 confirmed orders here, I'm pretty sure I won't find them.

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Nov 11, 2015

lol I just thought the judge was being ridiculous when he was talking about your pay but not mentioning how much stock you bought and the loss of value.

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Nov 11, 2015

This comment is a confirmed order for one of the 'Bleed Lehman Green' shirts.

Then out spake brave Horatius, The Captain of the Gate: "To every man upon this earth, death cometh soon or late. And how can man die better than facing fearful odds, For the ashes of his fathers, and the temples of his Gods."

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Nov 22, 2015

So that's you?
Handled that like a boss. Kept composed the whole time, I would have lost my shit with dumb ass questions like that.
Fuck that guy.

I've been trying to get into Equity Research/IB from a regional auditing firm.. graduate with a master of accounting next month from a non target. I've been trying to network and have made a couple of contacts but coming up short on getting interviews.
Can you offer me any advice? I'm going to take the level 1 CFA in June.

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Dec 17, 2016

I don't have SB's as I'm just starting out but can guarantee I'll buy 2 t-shirts..

Nov 11, 2015

When you're young, how do you choose between jobs or opportunities where one offers a more reputable name while the other gives you a position where you will learn a lot/have more responsibility? Assuming both places you will still learn a solid amount and both have recognition in their industry.

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Nov 11, 2015
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When you're young, how do you choose between jobs or opportunities where one offers a more reputable name while the other gives you a position where you will learn a lot/have more responsibility? Assuming both places you will still learn a solid amount and both have recognition in their industry.

Tough one. I would lean towards the one where you get more concrete skills assuming they are somewhat close in reputation. However, I'm not sure how you would know in advance which firm would enhance your skills the most. That seems unknowable in most situations. Therefore, I would probably pick the firm with the better reputation in most cases.

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Nov 12, 2015

.

Nov 11, 2015
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Hi Dick, thanks very much for doing this again. I've just started in ER at an MM, and I 'hustled' my way in, given that it doesn't really have a graduate program. Most guys here are senior analysts (headhunted from BBs etc.) and I'm pretty much the only junior guy on the team.

Company is in an aggressive growth phase, building out our franchise as we just got bought over by a top Chinese MM.

Hours are good, and people are nice. However, comp is slightly lower than street with no clear visibility on career progression. Should I stay or network to a BB?

Seems like a decent spot for now. I would wait to leave when you get a substantially better opportunity elsewhere. Specifically, the opportunity to get a coverage universe of your own if you want to stay in research or at least a very clear path to getting there.

Nov 15, 2015

.

Nov 11, 2015

Which regulation and technology taking a hit on trading roles, how are sales roles being affected?

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Nov 11, 2015

Where do you think the market will be heading in 2016? Is it too simplistic to say that the current market is inflated given the stagnation of GDP/wage growth/etc. ?

Also, Bombay Sapphire tastes like pine needles. (I'm sorry)

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Nov 11, 2015
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Where do you think the market will be heading in 2016? Is it too simplistic to say that the current market is inflated given the stagnation of GDP/wage growth/etc. ?

Also, Bombay Sapphire tastes like pine needles. (I'm sorry)

the stock market? I think the U.S. stock market is going higher. Valuations (earnings yields) are very reasonable and the market usually goes up. Figuring that the market could be 10% or so higher in a year is about the default case. Telling someone to avoid the stock market is a bold (and usually wrong) call.

I am balls deep in this market.

Jan 7, 2019
DickFuld:
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Where do you think the market will be heading in 2016? Is it too simplistic to say that the current market is inflated given the stagnation of GDP/wage growth/etc. ?

Also, Bombay Sapphire tastes like pine needles. (I'm sorry)

the stock market? I think the U.S. stock market is going higher. Valuations (earnings yields) are very reasonable and the market usually goes up. Figuring that the market could be 10% or so higher in a year is about the default case. Telling someone to avoid the stock market is a bold (and usually wrong) call.

I am balls deep in this market.

@thebrofessor

Just in case you were wondering if I just got balls deep in this market recently.....

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Nov 11, 2015

@DickFuld What did you work on that made you better and better as a trader? What do you think set you apart to become CEO of Lehman?

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Nov 11, 2015
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@DickFuld What did you work on that made you better and better as a trader? What do you think set you apart to become CEO of Lehman?

it just takes experience and some people have what it takes to be a trader and some don't. By far the thing that set me apart the most was having Lew Glucksman as my mentor.

Nov 12, 2015

@DickFuld Is there anyway you and @Dingdong08 can come to one of the WSO NYC bar hangouts? I'm sure everyone would want to see the "Bleed Lehman Green-Bombay Sapphire Challenge" between you two. It would be bigger than Mayweather vs Pacquiao!

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Nov 12, 2015

How are you dealing with the New York social scene? Read an article on vanity fair on how people were no longer friends with you once Lehman was down

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Nov 12, 2015
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How are you dealing with the New York social scene? Read an article on vanity fair on how people were no longer friends with you once Lehman was down

Let's just say that you find out who your real friends are when the going gets rough and you have a lot less friends than you think.

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Nov 12, 2015

For someone 20 years of age focused on getting a career on Wall Street, what would your best advice be?
Which books would you recommend?

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Nov 12, 2015
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For someone 20 years of age focused on getting a career on Wall Street, what would your best advice be?

Do whatever it takes to get your foot in the door and do not expect what you want to be handed to you.

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Nov 12, 2015

Thanks. Also have you met any successful foreign bankers in the U.S.? What does it take to hire an international other than a native who has a lot more things in common with you? I feel that internationals are having a hard time in this industry and none of my peers did well on recruiting

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Nov 12, 2015
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Thanks. Also have you met any successful foreign bankers in the U.S.? What does it take to hire an international other than a native who has a lot more things in common with you? I feel that internationals are having a hard time in this industry and none of my peers did well on recruiting

As long as you speak English (very) well and are sociable, you should do ok as long as you meet the other requirements. Americans tend to be more outspoken than a lot of other cultures, so it probably wouldn't hurt to emulate that a bit, if that applies to you.

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Nov 12, 2015

Not sure if this has been answered and I apologize if it has.

This is something that I've wondered. . Coming from someone whom has had success in finance and has made a great deal of money in it, were you ever afraid that your children would feel privileged/ self-entitled because of your wealth? I know they're adults now, but how did you go ensuring they wouldn't get a sense of entitlement?

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Nov 12, 2015
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Not sure if this has been answered and I apologize if it has.

This is something that I've wondered. . Coming from someone whom has had success in finance and has made a great deal of money in it, were you ever afraid that your children would feel privileged/ self-entitled because of your wealth? I know they're adults now, but how did you go ensuring they wouldn't get a sense of entitlement?

Absolutely frightened by that possibility. I think most people who are frightened of it have kids that turn out ok because you do the little things to encourage productive behavior and don't stand for sloth type behavior. I think the people that don't worry about it are more likely to have the problem.

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Nov 12, 2015

@DickFuld could you do a thread on your philosophy on micro-cap stocks?

Nov 12, 2015

Would you buy SunEdison?

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.

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Nov 12, 2015
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Would you buy SunEdison?

I don't own it. So, I guess j wouldn't. Nothing against it, but I know nothing of it. I'm not saying it's good or bad. I have no idea.

Nov 13, 2015

Hello Mr Fuld,

what is your opinion of Fisher Investments and their Global Return fund as a retirement management vehicle?

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Nov 13, 2015

Over the course of your career, you've likely met countless influential leaders in various situations. Who is someone you never had the chance to meet that you wish you were able to? What would you have liked to ask and learn from them?

Who do you wish you haven't met (I have a strong guess at this one though..)

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Nov 13, 2015
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Over the course of your career, you've likely met countless influential leaders in various situations. Who is someone you never had the chance to meet that you wish you were able to? What would you have liked to ask and learn from them?

Who do you wish you haven't met (I have a strong guess at this one though..)

Hmmm....I'll have to give this some thought. I never really thought about someone I didn't meet before.

As far as the second question: no comment.

Nov 13, 2015

Fair on the 2nd question, appreciate the extra thought!

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Nov 13, 2015

What do you think the future of public finance is?

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Nov 13, 2015
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What do you think the future of public finance is?

I don't see any transformational changes on the horizon.

Nov 14, 2015

Dick, what do you think of algorithmic trading as a field to begin a career in?

Then out spake brave Horatius, The Captain of the Gate: "To every man upon this earth, death cometh soon or late. And how can man die better than facing fearful odds, For the ashes of his fathers, and the temples of his Gods."

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Nov 14, 2015
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Dick, what do you think of algorithmic trading as a field to begin a career in?

What would you do afterwards?

Nov 14, 2015

Move up in the firm and try to diversify into trading multiple products. The firm in question is a MM bank (the move into algo would be a progression from MO internships).

Then out spake brave Horatius, The Captain of the Gate: "To every man upon this earth, death cometh soon or late. And how can man die better than facing fearful odds, For the ashes of his fathers, and the temples of his Gods."

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Nov 14, 2015

Ever worked with a primary research firm? I know some of my clients from MBB and HF who would be willing to pay you high-3 low-4 figures an hour to get to speak with you.

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Nov 15, 2015
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Ever worked with a primary research firm? I know some of my clients from MBB and HF who would be willing to pay you high-3 low-4 figures an hour to get to speak with you.

No and not really interested, thanks.

Apr 14, 2017

.....

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Nov 16, 2015
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If I take a job doing ETF/Equity Derivative Trading at a non BB bank will I be pigeonholing myself into a very niche field?

@Jared Dillian

I think he did exactly that. He will be more qualified to answer than I am.

Nov 16, 2015

So dick, the real dick, where do you think the next hot career path is going to be in? It's pretty much waning in S&T for the past decade, IB seems consistent, Consulting / Sexy Tech seem to be the new hot things.

Also, what is your take on the IB industry now, seems promo's are slower, regulations increased, risk measures as well. Your 5 year, 10 year outlook on the career? Will IB monkey work ever be commoditized by tech

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Nov 17, 2015
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So dick, the real dick, where do you think the next hot career path is going to be in? It's pretty much waning in S&T for the past decade, IB seems consistent, Consulting / Sexy Tech seem to be the new hot things.

Also, what is your take on the IB industry now, seems promo's are slower, regulations increased, risk measures as well. Your 5 year, 10 year outlook on the career? Will IB monkey work ever be commoditized by tech

Any career that is primarily relationship based won't be displaced easily. I thinking banking prospects remain strong.

However, the 'easy' money in private equity and hedge funds has already been made. These industries are becoming increasingly difficult to launch mega businesses in. It is far too easy for asset allocators to give money to the established brands to protect their reputation if something goes wrong, not to mention the mountains of capital there now, relative to 20 years ago. It doesn't mean that these are poor career choices. It does mean that your probability of becoming uber wealthy by working for someone else are low. You will still do better than the average person. I think people here are often of the mindset that as soon as they make the leap to the buyside they are suddenly in the land of unicorns and rainbows, but that isn't the case. Almost everyone who has made a lot of money has had to grind for it.

Frankly, I would expect that the average person who is starting their career in banking today and ended up their career in banking would do better than the average person who jumped to the buyside. To be fair, most people who pursue either career path won't make it to the upper echelons because what makes someone a successful analyst does not always translate to success in the more senior positions. Plus, many will burn out.

I am one of the believers in the MBA recruiting trends as a good contra-indicator towards what will be a more lucrative time to be in finance. MBAs are not viewing finance as that desirable now and they tend to be the biggest fad chasers in America. They always skate to where the puck is right now, not where it's going. This is probably a great time to pursue a career in finance.

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Dec 30, 2015

Really interesting reply. I just wanted to ask some follow up questions.

1) Within the domain of finance is there a specific direction you'd advise people towards; do you think trading will pick up over the next decade, is sales a great place to start if hoping to reach high up management positions, or is the classic IB route the better entrance?

2) Do you see banking ever becoming as lucrative and sexy as it was a decade ago and if so how long do you think it will take to recover?

3) There is clearly a trend of finance becoming increasingly quantitate and mathematical. Do you think quants will come to hold the high up managerial positions of the future? Do you think this is a good place to start?

4) I've read about people still talking about prop, or at least forms of it, at banks here on WSO. Do you think it still goes on at banks and do you think it will ever come back?

Thanks.
I really enjoy reading your posts, you're clearly a very smart guy, and I look forward to hearing your response.

Cause who wants to be in the 99%?

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Nov 17, 2015

Are you looking forward to the new Star Wars movie? Will you be putting out a review? Any comments and opinions appreciated. Also, DIS is killing it.

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Nov 17, 2015
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Are you looking forward to the new Star Wars movie? Will you be putting out a review? Any comments and opinions appreciated. Also, DIS is killing it.

It might be the first movie I've watched in a long time. I think it looks great.

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Nov 17, 2015

How did you actually join WSO? And what factors have played a key role in your activity on the site and contributions to it? In other words : What do you find fascinating about WSO?

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Nov 18, 2015
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How did you actually join WSO? And what factors have played a key role in your activity on the site and contributions to it? In other words : What do you find fascinating about WSO?

Simple, I love helping young people.

Nov 18, 2015

Hi Dick,

As someone who just recently found out that he wants to pursue a banking career (few months ago), I would like to ask a question.

I am 22 year old student from a European (non-UK) school, non-target, and have a low GPA 3.2 in undergrad Economics (high grades 4.0 in quantative subjects though, low grades in ''marketing''). I played poker over the past few years and did quite well in it, I won more than $300,000 over a large and statistically significant sample.

After posting here a few times people agreed that I should mention that on my resume, as I do not have anything else that sounds ''attractive'' for an employer. Furthermore I received an offer (with a low salary, possible bonus) for a very small, domestic, ''unknown'' hedgefund with 25$AUM, with less than 10 employees and currently expanding.

If I would ultimately want to be employed by a bank, and have been denied by a few (not all yet) investment banks based on my current profile, would you advise (like most people on this forum) taking the hedge fund offer as a junior equity trader?

Would you mention $$$ won on resume, or not? (I feel like a douchebag mentioning it on resume, but on the other hand it does add some more value).

It feels ridiculous asking you this particular question, but unfortunately I do not have any questions on an appropiate level ha.

    • 1
Nov 18, 2015
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Hi Dick,

As someone who just recently found out that he wants to pursue a banking career (few months ago), I would like to ask a question.

I am 22 year old student from a European (non-UK) school, non-target, and have a low GPA 3.2 in undergrad Economics (high grades 4.0 in quantative subjects though, low grades in ''marketing''). I played poker over the past few years and did quite well in it, I won more than $300,000 over a large and statistically significant sample.

After posting here a few times people agreed that I should mention that on my resume, as I do not have anything else that sounds ''attractive'' for an employer. Furthermore I received an offer (with a low salary, possible bonus) for a very small, domestic, ''unknown'' hedgefund with 25$AUM, with less than 10 employees and currently expanding.

If I would ultimately want to be employed by a bank, and have been denied by a few (not all yet) investment banks based on my current profile, would you advise (like most people on this forum) taking the hedge fund offer as a junior equity trader?

Would you mention $$$ won on resume, or not? (I feel like a douchebag mentioning it on resume, but on the other hand it does add some more value).

It feels ridiculous asking you this particular question, but unfortunately I do not have any questions on an appropiate level ha.

I would definitely include the poker winnings on your resume. It is very difficult to tell college aged applicants apart from one another and that is one of the few things that would differentiate you.

As far as taking the job.....if the alternative is unemployment, I would certainly take the job.

    • 1
Nov 18, 2015
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undefined:Hi Dick,As someone who just recently found out that he wants to pursue a banking career (few months ago), I would like to ask a question.I am 22 year old student from a European (non-UK) school, non-target, and have a low GPA 3.2 in undergrad Economics (high grades 4.0 in quantative subjects though, low grades in ''marketing''). I played poker over the past few years and did quite well in it, I won more than $300,000 over a large and statistically significant sample.After posting here a few times people agreed that I should mention that on my resume, as I do not have anything else that sounds ''attractive'' for an employer. Furthermore I received an offer (with a low salary, possible bonus) for a very small, domestic, ''unknown'' hedgefund with 25$AUM, with less than 10 employees and currently expanding.If I would ultimately want to be employed by a bank, and have been denied by a few (not all yet) investment banks based on my current profile, would you advise (like most people on this forum) taking the hedge fund offer as a junior equity trader?Would you mention $$$ won on resume, or not? (I feel like a douchebag mentioning it on resume, but on the other hand it does add some more value).It feels ridiculous asking you this particular question, but unfortunately I do not have any questions on an appropiate level ha.

I would definitely include the poker winnings on your resume. It is very difficult to tell college aged applicants apart from one another and that is one of the few things that would differentiate you.

As far as taking the job.....if the alternative is unemployment, I would certainly take the job.

Thanks a lot!!!

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Nov 18, 2015

Would you ever mentor a young jew who wanted to take over the finance world?

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Nov 22, 2015
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Would you ever mentor a young jew who wanted to take over the finance world?

I have plenty of times in the past.

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Nov 21, 2015

I was told that once you reach 48 years of age, everything changes. Your body completely breaks down, your perception of what reality is changes, your priorities change etc. Can you confirm?

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Nov 21, 2015
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I was told that once you reach 48 years of age, everything changes. Your body completely breaks down, your perception of what reality is changes, your priorities change etc. Can you confirm?

Not for me. However, for some people, their brains stop functioning properly at a much younger age. How old are you and when did that start for you?

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Nov 21, 2015

How exclusionary is Wall Street on ethnic lines? I hear once you get to a high enough level, it becomes key in the internal politics i.e. better to be a Jew at Goldman and a WASP at Morgan.

In that same vein, I'm not Jewish but my father is so I'm shit out of luck when it comes to ethnic associations of any sort. Is this likely to fuck me?

Nov 22, 2015
undefined:

How exclusionary is Wall Street on ethnic lines? I hear once you get to a high enough level, it becomes key in the internal politics i.e. better to be a Jew at Goldman and a WASP at Morgan.

In that same vein, I'm not Jewish but my father is so I'm shit out of luck when it comes to ethnic associations of any sort. Is this likely to fuck me?

Probably a lot more true 20 years ago than it will be 20 years from now when most people from WSO will be 40+ and in a position to have senior roles in the firm.

My only advice would be to make as much money as possible for both you and your firm. In other words, focus on what you can control.

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Nov 22, 2015

Did you get e-mails from students/analysts post-1994? If so, how did you respond?

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Nov 22, 2015
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Did you get e-mails from students/analysts post-1994? If so, how did you respond?

I had Sharon respond and send them to HR. Unless it was a big client's kid.

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Nov 22, 2015

So, let's say you did end up meeting 1-on-1 with a student. What would be the thing that would most impress you/how would I get you to keep me on the loop?

Might be generic shit but I'm meeting a ceo later this year of a major bank in my region and am not sure how to pitch the mentorship route. I would like a job but I think it's a waste of a relationship like this.

By the way, for your gin&tonic, how much tonic-water do you use and which one?

Nov 23, 2015

@DickFuld @Dingdong08 Considering both of you have been in the industry for a long time I was wondering if there was anything that stands out to you in people who you've seen firsthand become a MD?

Nov 24, 2015

@DickFuld Hypothetically, let's say you were given the opportunity to return to Wall Street as a BB CEO again. Would you accept the offer? (I'm wondering if you are enjoying being semi-retired, or if you find yourself with too much time on your hands.)

Nov 25, 2015

Probably would not accept the offer at this point, but probably not a dilemma I'm likely to be faced with either.

Dec 18, 2015

Hi Dick,

How long have you been working with Sharon and why did you choose her to be your assistant out of the other applicants?

Dec 18, 2015

double post

Dec 26, 2015

1) Why do you think Hillary is going to win? Is it because she's supported by Wall Street?
2) Did bschools get as much applicants in the 70s as now? Did people even know what MBA or bschool was?

Dec 27, 2015
Interlude12:

1) Why do you think Hillary is going to win? Is it because she's supported by Wall Street?2) Did bschools get as much applicants in the 70s as now? Did people even know what MBA or bschool was?

Hilary will win for a variety of reasons. First, Bernie Sanders is a nut job and won't win the democratic primary. Second, the republican candidates seem to have a dilemma right now. If they're too middle of the road, they can't win the primary. If they're too extreme, they can't win the general election. Personally, I think Rubio would have the best chance of beating Hillary in the general election, because he is young, not extreme, and has a better chance to get some Hispanic votes than other republicans. Hillary also has a ton of money to spend. I would put her odds of winning at greater than 80%.

Yes, people knew of B-School in the '70's. However, it was much less prevalent than it is today and much easier to get into as well.

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Apr 14, 2017
Comment

Don't say this in a banking interview:

Which superhero would you be and why? I want to be like Robin Hood, stealing from the rich and giving to the poor - me.

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Dec 31, 2015
Comment

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller.

"Live fast, die hard. Leave a good looking body." - Navy SEAL

Dec 19, 2016
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