Exclusive Edmundo Braverman Interview : Part 1 of 2

Fellow WSO Monkeys,

I have a treat for you this thanksgiving. I was able to score an exclusive interview with the notorious Edmundo Braverman a.k.a Eddie Braverman a.k.a Uncle Eddie.

(see part 2 here)

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Q. You mention several times in your article after achieving your walkaway number you left Wall Street. Doesn't a part of you miss the adrenal rush, the thrill of making money and re-living the crazy lifestyle or did you burn out?

Eddie: The only answer I have to this question is yes. Yes, I did burn out. And yes, I do (very) occasionally miss it.

Q. The WSO and Playboy article created a lot of buzz and we saw some monkeys shit tossed around. Did you get any interview offers from TV channels, major newspapers, journalists etc.? Also did you receive any heat from any government official?

Eddie: The response was surprisingly gracious. Yves Smith flogged the story quite a bit, and she's got a really informed readership. I actually spent a whole day responding to her readers' questions one on one.

Playboy was working on setting up interviews and even mentioned Real Time with Bill Maher (because of Bill's early support for Move Your Money), but my living in Paris was problematic. If I were in New York or L.A. I probably would've gotten around the circuit a bit more. I don't think anyone in the government even noticed the article, which isn't that surprising.

Q. Okay so a lot of monkeys post regular questions on dating girls or settling down. You have also posted some articles Did you date any non-finance girls? How did the non-finance compare with the career oriented types (finance and/or other professional fields)

Eddie: I never actually dated any women in finance. There weren't as many in my day. The few women I worked with in equities were really together, but only one of them was hot enough to consider dating. Unfortunately, she was such a slut that I couldn't bring myself to follow half the trading floor, so I never took a run at her.

The women I worked with in commodities were utter train wrecks, so there was no way I was taking a chance on any of them. When you bang a sketchy meth addict and she steals your wallet, having to face her the next day at the morning meeting is just awkward.

Q. Everyone talks about how MD's in IB eventually marry their secretaries or get trophy wives. Is the same true in S&T?

Eddie: It's probably true of every successful white collar guy with no balance in his life. When you put your career before everything else, you have no choice but to take shortcuts in your personal relationships. It really never ends well (see my 2nd marriage), but that doesn't stop a lot of us from trying it.

I think the urge stems from our desire to be in control. Work is easy to control; women are not.

Q. Everyone knows the 1 in 2 marriages fail in the U.S. How can a person avoid marrying a gold-digger and find the right woman?

Eddie: In my experience, it's more or less a total crapshoot. I think a good hedge is to marry a woman with a family background similar to your own. I'm celebrating my 9th anniversary this week, and my wife and I could've been next door neighbors growing up even though we grew up on opposite ends of the country.

Another strategy is to get your starter marriage out of the way early. I first got married at 20 years old, and we were done before I hit 25. It's good to have a couple amateur bouts under your belt before you go pro.

Q. Did you date any non-Caucasian girls? Care to share your observations on the colored honies?

Eddie: I've dated all kinds. There's no discernible differences along racial lines that I've found. They're all batshit crazy.

Q. You have mentioned on WSO that you have been in 3 marriages. How ugly is divorce and what are the financial/emotional consequences of it?

Eddie: Divorce gets a bad rep, and it's certainly no fun, but never forget that marriage is the problem - not divorce. Think of marriage as a cancer, and divorce as chemotherapy. Neither is pleasant, but one of them kills you and the other makes you well.

I can think of nothing worse than a bad marriage. It saps your motivation and productivity, and makes you question your self-worth. I think a bad marriage does more damage to you than almost anything else, and for that (and many other reasons) you should probably avoid marriage altogether.

If you must get married, accept that statistically you will end up divorced and plan accordingly. Always keep cash stashed somewhere untraceable (safe deposit boxes at banks are no good - forensic accountants are hip to that scam) so you've got an emergency cushion she doesn't know about if/when the shit hits the fan.

Also, and this is of utmost importance, NEVER enter into an alimony agreement. The purpose of divorce is to be rid of her FOREVER. Negotiate a lump sum cash settlement to make her go away, even if it bankrupts you. You'll thank me later. If you have kids, you're screwed. But then you already knew that.

Q. Okay, so Man Week was my favorite week on WSO. Your article sparked a debate on what is it like being and becoming a man in today's world. How do you compare today's men to the previous generations?

Eddie: Growing up in the 70's and 80's, we had to work a lot harder for our distractions. If you wanted to play war back then, you had to pick up a stick and hit the kid from down the street. Today kids just fire up Modern Warfare 3 and they've got rocket launchers and shit.

On balance I think most of the changes are for the better. Where it gets problematic is when young men forgo actual experiences in favor of virtual experiences. There's also a social cost to everyone living online these days, and that's the increasingly common lack of interpersonal skills. Incivility had consequences at one time (which is probably how I ended up a boxer), but incivility is now the rule of the day.

That's part of what I love about France. Despite their reputation for rudeness, the French are polite to a fault. They even still refer to each other as "my lord" and "my lady" (monsieur & madame). They also eschew a life lived online in favor of actual social interaction.

Q. We have seen you countless times downing rum on NSFW. Is that your usual drink? Any funny or memorable stories with alcohol?

Eddie: I'm a horrendous rummy and have been for decades. If you have memorable drinking stories you're doing it wrong.

Q. You were on the 4 hour body diet. Any other diets you recommend for the cubicle monkeys?

Eddie: You'd be hard pressed to find anyone less qualified than I to give diet advice. I'm basically a fat tub of shit without an ounce of discipline, so if I'm of any use in this regard it's only to serve as a bad example. I lost 30 pounds on the Slow Carb Diet and then had a ball packing them back on. I eagerly await the day when the pharmaceutical companies move away from boner pills and make a pill you can take that gives you 6-pack abs while you crush Big Macs. Trust me - that day is coming. And when it does, all you fuckers who've spent your whole life in the gym can suck it.

Q. You posted a video on YouTube how many fights have you been into and any particular reasons behind them?

Eddie: I boxed for many years, so I guess you could say a lot. I've been in my share of street fights as well, but none recently. I'm such a smart ass that I had a knack for goading guys into it. I remember one time I just smirked at a guy inside a Del Taco and it was enough to make him beat my ass outside in the drive-thru.

Q. A lot of monkeys are constantly asking for an autobiographical book, any progress on it?

Eddie: Yes, it's in the works as we speak. It's called Becoming Braverman, and the first chapter is included at the end of The Best of Braverman, which I'm hoping will be out before Christmas.

Q. It seems you have a knack of cranking good articles, any offers for writing columns or op-eds for any magazine, newspaper or blog?

Eddie: I've been a writer my whole life, and it's pretty much all I do these days. I'm a contributing editor to a quarterly economics journal, I write for newspapers and magazines, and I write ad copy and corporate communications for a few companies. WSO is what I enjoy most, though, because the feedback is instantaneous and (usually) thought provoking. It's been great to watch the site evolve and grow and to know that I've been a part of that.

Part 2 of 2 can be found here

Mod note: "Blast from the past - Best of Eddie" - This one is originally from November 2011

Comments (45)

Nov 22, 2011

What was the walkaway number?

Nov 22, 2011

i am looking forward to this book. it will be a great stocking stuffer.

Nov 22, 2011
ivoteforthatguy:

i am looking forward to this book. it will be a great stocking stuffer.

Second.

Nov 22, 2011

Honestly, I'd love to see Uncle Eddie's Definitive Guide to Dating and Marriage.

Nov 22, 2011
RagnarDanneskjold:

Honestly, I'd love to see Uncle Eddie's Definitive Guide to Dating and Marriage.

I'll write it: Dating = Bad. Marriage = Worse.

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

    • 1
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Jun 21, 2014

...

Matrick:

[in reply to Tony Snark"]

Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand.

BatMasterson:

[in reply to Tony Snark's dating tip]

Sensible advice.

Jun 4, 2016

lol. I second that!

"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Don't be afraid to give up the good to go for the great.-John D. Rockefeller

Nov 22, 2011

I'd be interested in Eddie's rationale for remaining anonymous even after receiving major media coverage. For example, had you gone on Real Time, would Bill have had to address you by your WSO username? If that were the case, he wouldn't have been able to site things like your quarterly economic articles (which I assume are in your real name), right?

(Unfortunately, I haven't read the PlayBoy article, but am under the impression they referred to you as Edmundo Braverman in that as well.)

I realize you're most likely continuing to withhold your name for privacy reasons, which I can certainly respect, but is it weird at all for you to juggle an actual identity (and publications, etc. by that identity) with a budding online persona that is altogether separate? As far as impact is concerned, would you ever 'combine' these personalities (i.e. start using your identity) to achieve greater effect?

EDIT: Just read the article and now understand the naming/anonymity thing in the context of the Tank-A-Bank plan, which makes sense. Still, it seems to me like revealing yourself in your NSFW videos, for example, is completely counter-productive to the goal of protecting your identity. What changed?

Nov 22, 2011
Nouveau Richie:

I'd be interested in Eddie's rationale for remaining anonymous even after receiving major media coverage.....I realize you're most likely continuing to withhold your name for privacy reasons

Wait, what? I always thought your name was actually Ed/Eddie Braverman. Is that a reference to something that I'm not getting?

Now I just feel stupid.

Nov 22, 2011
Otter.:
Nouveau Richie:

I'd be interested in Eddie's rationale for remaining anonymous even after receiving major media coverage.....I realize you're most likely continuing to withhold your name for privacy reasons

Wait, what? I always thought your name was actually Ed/Eddie Braverman. Is that a reference to something that I'm not getting?

Now I just feel stupid.

lol...

Nov 22, 2011
Otter.:
Nouveau Richie:

I'd be interested in Eddie's rationale for remaining anonymous even after receiving major media coverage.....I realize you're most likely continuing to withhold your name for privacy reasons

Wait, what? I always thought your name was actually Ed/Eddie Braverman. Is that a reference to something that I'm not getting?

Now I just feel stupid.

http://en.wikipedia.org/wiki/Hope_Was_Here

Nov 22, 2011

Thanks for posting - good stuff.

Nov 22, 2011

Link to the Playboy article

also, the slow carb diet actually works? did you do the ridiculous cheat days?

Nov 22, 2011
Unforseen:

Link to the Playboy article

also, the slow carb diet actually works? did you do the ridiculous cheat days?

http://www.wallstreetoasis.com/tag/playboy

Nov 22, 2011

do you have a daughter or neice named erica braverman who attended a private college in the south? lol

Nov 22, 2011

Despite being a college soph, I have to agree with Eddie. Interesting interview.

Fuck marriage...

Nov 22, 2011

Damn, he had be balling at "starter marriage". Eddie is a trip.

Nov 22, 2011

Great interview

Nov 22, 2011

fucking eddie i tried to look at that web archive and it logged an "inappropriate website access prompt screen"

"i swear i read playboy for the articles!!!!"

Nov 22, 2011

hey go.with.the.flow, nice interview. Want to do a series of these with some of the top / veteran user on WSO? Obviously, some guys want to keep their anonymity, but I think others wouldn't mind sharing some of their wisdom like Eddie.

I like the format of Q&A...

Nov 22, 2011

What econ journal

Nov 22, 2011
Jesse.Livermore:

What econ journal

Kinda goes against the whole anonymity thing if he tells us.

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

Nov 22, 2011
happypantsmcgee:
Jesse.Livermore:

What econ journal

Kinda goes against the whole anonymity thing if he tells us.

I mean, he shouldn't be that hard to find. How many people in France are rocking Magnum PI moustaches?

Nov 22, 2011

That photo is hilarious.

Nov 22, 2011

LoL'd at your Punch tutorial video

Nov 23, 2011

see this is why i follow Uncle Eddie on Twitter!

Get it!

Nov 23, 2011

Great insight from a known Wall streeter. Especially the part about people nowadays forgoing the experience for virtual experience. That shit made so much sense to me, maybe becasue i'm one of em.
Good shit Eddie.

"Kept feeding him dollars 'till it all started to make cents."

Nov 29, 2011

Happy to see this.

Dec 10, 2011

Where's part 2?

Dec 11, 2011
Macro Arbitrage:

Where's part 2?

man just waiting on Eddie

Dec 11, 2011

Sorry guys, it's coming!

Aug 13, 2012

great interview. Ill be sure to keep a stash in my couch before I say 'I do'!

Jun 21, 2014

Part 1: I've learned you have relationship and marital problems. Got it, now on to Part 2.

Part 2 was good. Thanks for serving our country.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

-Warren Buffett

Jun 21, 2014

Excellent interview !

Think of marriage as a cancer, and divorce as chemotherapy. Neither is pleasant, but one of them kills you and the other makes you well.

Jun 21, 2014
BatMasterson:

Excellent interview !

Think of marriage as a cancer, and divorce as chemotherapy. Neither is pleasant, but one of them kills you and the other makes you well.

Matrick:

[in reply to Tony Snark"]

Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand.

BatMasterson:

[in reply to Tony Snark's dating tip]

Sensible advice.

Jun 21, 2014

Wow...the views most of you have on marriage is pathetic.

"We are what we repeatedly do. Excellence then, is not an act, but a habit."

Jun 22, 2014
WhoSteen:

Wow...the views most of you have on marriage is pathetic.

Aim low, that way if you miss your target you'll still be happy. Got that @"Edmundo Braverman" & @"WhoSteen"?

Matrick:

[in reply to Tony Snark"]

Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand.

BatMasterson:

[in reply to Tony Snark's dating tip]

Sensible advice.

Jun 23, 2014

You are my god..

Sep 25, 2014

good read

Nov 4, 2014
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Dec 16, 2014
Jun 9, 2015
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