Most hated people in finance?

GingerGuy's picture
Rank: Gorilla | banana points 570

Who are some of the most looked down upon people ever in this industry?

Martin Shkreli immediately comes to mind, but who else?

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Comments (64)

Funniest
Aug 10, 2018

Dick Fuld

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Aug 10, 2018

The mother fucker in ops who asks you why your trade was late every single time.

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Aug 10, 2018

Given the right level of clearance, I'd order a set of SCUD missiles to blow up my company's back office.

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Aug 10, 2018

People outside of finance hate on Milken but the guy literally helped build and save some of America's greatest companies.

Aug 22, 2018

A titan.

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Aug 10, 2018

chicago boys

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Aug 10, 2018

Jim Cramer but from within.

"The House of PAIN"

Aug 10, 2018

u sure u wanna mess with cramer?

https://pbs.twimg.com/media/B9vA3CZCAAEOulT.jpg

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Aug 10, 2018

Watching Cramer is a guilty pleasure for me. I even dialed into his show for a lightning round when I was in college. It would be very interesting to see him in a more serious / long-form format. Wish he had a Netflix special or something analyzing recessions, or investor behavior, or other topics.

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Aug 10, 2018

Or how about a series with him and Steve Carell (Michael Scott) playing traders at Galleon before its downfall. Cameos include Loyd Blankfein and Damian Lewis (Bobby Axelrod).

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Aug 14, 2018

I don't know why but I feel the same way. This guys just have a way to make everything he talks about interesting. Sometimes I wonder how does he know about all those stocks.

Aug 14, 2018

I've seen him on the beach in Quogue. He really is that short.

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Aug 14, 2018

Yes. I bumped into him about 5 years ago in front of the NYSE on my way to work. 8AM and he was already wired, dude is jittery like a chihuahua hahahaha

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Aug 16, 2018

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

Aug 17, 2018

I just noticed cramers shoe & boot

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Sep 18, 2018

what are thoooooooose?

Aide-toi, et Dieu t'aidera.

Aug 19, 2018

Cramer is definitely still on cocaine

Aug 10, 2018

Martin Shkreli

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Aug 10, 2018

Mount Rushmore of the worst:
1. Bernie Madoff
2. The guy who adds "incoming analyst @ major BB" to his linkedin after attending a superday
3. The guy telling all the chicks at the bar he works in high finance even though he works at the back office help desk
4. Mortimer and Randolph from Trading Places

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Aug 10, 2018

Numbers 2 and 3 have a special place in hell - nay, a special place in exactly the back office.

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Aug 14, 2018

The bank teller who tells people he's an investment banker

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Most Helpful
Aug 15, 2018

Compliance. HR.

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Aug 15, 2018

+1

No pain no game.

Aug 16, 2018

I cannot figure out what HR people do all day. Recruiting and on-boarding cannot possibly take up 40 hours per week. They also somehow know nothing about the positions they recruit for outside of little buzzwords they scan resumes for. The whole process is insane.

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Aug 15, 2018

Desktop publishing.

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Aug 15, 2018

Free Shkreli!!!!! The guy definitely did some bad stuff, but he's super intelligent. YouTube a few interviews with the guy. Listening to him talk is way more insightful and interesting than listening to Dimon or Blankfein. Like I said, maybe he's not going to win person of the year, but I have mad respect for Shkreli.

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Aug 15, 2018

So being "super intelligent" absolves you from being a criminal?

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Aug 15, 2018

Did you even read his post?

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Aug 15, 2018
urmaaam:

Did you even read his post?

I did, your point?

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Aug 16, 2018
urmaaam:

Did you even read his post?

What the hell is your point? Adolf Hitler was a freakin genius, and listening to him talk about oratory and messaging is probably "insightful and interesting", but that doesn't mean he wasn't a disgusting scum bag who no one should have "mad respect for". Respecting a criminal, and most especially a criminal without any kind of ethical code, is not a good thing and shouldn't be encouraged.

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Aug 16, 2018

No, Hitler was a freakin idiot. Have you read any history? Monumental idiot.

Second, that's really a fair comparison....Shkreli and Hitler....

My point is being able to live in a grey world and not writing off everything as black and white which you apparently aren't able to do.

Lots of characters like this in finance and elsewhere. Is Michael Milken similarly equivalent to HItler? Am I allowed to like Martha Stewart? She went to jail for insider trading. Can't buy her bath towels anymore I suppose?

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Aug 17, 2018
NoEquityResearch:

No, Hitler was a freakin idiot. Have you read any history? Monumental idiot.

Far, far more than you have, I can promise you that. And Hitler the military strategist, or sociologist, was an idiot. He happens to be one of the most accomplished public speakers in human history. Michael Jordan was an awful baseball player, does that make him a bad athlete? Obviously not.

And who says I'm living in a black and white world? There are better people and worse people; Martin Shkreli falls into the latter category, full stop. What is there to respect? He's not a particularly ethical character, and his success is built, at least in part, on the fact that he was a criminal and breaking the law. You can drone on about shades of gray all you want, but at the end of the day what is it about him that deserves respect? Not his business "acumen". Not his ability ot even be a competent criminal, since he got caught. Maybe the fact that he cried at his sentencing? He's a repulsive human being in every possible way, I'm not sure what is redeeming him in your eyes.

Aug 17, 2018

Also HDNW and also ran the most successful eugenics program and accomplished some of most significant social changes ever in the quickest period ever recorded (so not sure I understand your point on sociology)

But Ozymandia is a bad guy and so was AH so I DISAVOW.

DISAVOW DISAVOW DISAVOW

Aug 17, 2018

Really don't get where you guys are getting this stuff about "redeeming" and "absolving". In my original post, I'm clearly saying that the guy is a bad dude but I still find some of the stuff he says "insightful and interesting." Nowhere am I saying, Shkreli's intelligence makes up for everything and makes him a great guy. This is a complete strawman argument on your part.

Just really shocked that some of you are in banking given a complete inability to read something, process the information, and come back with a concise answer.

On a side note, totally disagree with you about Hitler again. I'm sorry that you have a strange fascination with his speeches....weird bro

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Aug 17, 2018
NoEquityResearch:

Really don't get where you guys are getting this stuff about "redeeming" and "absolving". In my original post, I'm clearly saying that the guy is a bad dude but I still find some of the stuff he says "insightful and interesting." Nowhere am I saying, Shkreli's intelligence makes up for everything and makes him a great guy. This is a complete strawman argument on your part.

Just really shocked that some of you are in banking given a complete inability to read something, process the information, and come back with a concise answer.

On a side note, totally disagree with you about Hitler again. I'm sorry that you have a strange fascination with his speeches....weird bro

I'm not in banking, thank god.

And I didn't accuse you of thinking of him as a good guy. I'm saying that unethical people who are criminals shouldn't be respected. You can find his views insightful, or think he's intelligent (though I don't really agree on either count, but that's a matter of subjective opinion), but I don't think people like him should ever be respected. There are criminals who might be worth respect, and "good people" who probably shouldn't be. For all the people say he's intelligent, he's also a bad person who has succeeded by gambling with money he doesn't have and hoping it works out.

Aug 17, 2018

Prime example of Godwin's law in action folks

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Aug 17, 2018

Totally agree! And to my point this is a standard go-to for people who can't process or make arguments. They quickly jump to straw man arguments, mentions of Hitler, or emotional appeals.

Aug 17, 2018
NoEquityResearch:

Totally agree! And to my point this is a standard go-to for people who can't process or make arguments. They quickly jump to straw man arguments, mentions of Hitler, or emotional appeals.

Well in an argument about "respect," and intangible and qualitative quality, emotional appeals seem to be in order. You haven't exactly shown why you respect him, except that he's "intelligent and insightful" which is pretty self-evident drivel. What insight in particular was so inspiring to you? How do you know how intelligent he is? All we know is he's been investigated for securities fraud on multiple occasions, and actually convicted once. The balance of the evidence suggests and success he's had in his career has been based on insider trading, not the other way around - so what exactly is so great that he's worthy of your respect?

Aug 15, 2018

As @urmaaam noted, I think my previous post handles that. On a side point about finance, notice that Dick Fuld mentioned above has not spent a day in jail....all the guys at Novartis jacking up pharmaceutical prices are enjoying their Porsches today - they're not in jail either. I guess they're swell guys because they're not "criminals"

Also, noticed that you're in equity research Bob. I'm sure your reports have always reflected 100% unbiased views on companies, correct? I wouldn't be surprised if you broke SEC law every day of your life on the job - most ER analysts do. So, don't throw stones if you live in a glass house.

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Aug 15, 2018

He's clearly a criminal, which is why he is in prison. He isn't in prison for jacking up pharma prices so your Novartis comparison doesn't hold any weight. And no, I haven't ever broken any SEC laws, please speak for yourself. Fuck Shkreli, it's pathetic that individuals try and use his "intelligence" to absolve him of his crimes.

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Aug 15, 2018

Everyone in ER is of course innocent....they just think everything is a Buy, rarely a Hold, and once in a blue moon a Sell. What is your current distribution of Buy, Hold, Sell ratings?

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Aug 17, 2018

100% agree. He's obviously mildly autistic, but that also makes him interesting and free spirited. Guys hilarious. Not sure he's really a genius but he's smart. Most of his money was made on a simple strategy of price hikes on boring drugs.

Drugs like that are interesting. A lot of them you could make for a buck or two and earn a profit. But fda and other regulations means there's a million or two minimum in getting to market. Which actually created a lot of pricing power. If two people competed they would charge maybe $5 a pill and no one would cover fda costs. Little shit products.

Array
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Aug 22, 2018

There a reason you got so much MS.

Why not have some "respect" for Wu Tang Clan instead ?

Aug 16, 2018

The IBD analysts making $3.00 p/h thinking they're set for life :p

Aug 16, 2018

i think its a little more than that... lol

GunningForPortfolioManager

Aug 16, 2018

The MBA rotational student who says back in my time at _________(previous rotation) we did it like this.

Aug 17, 2018

I got busted down for that once. Never brought anything up again. If you asked me where I worked before, you got yourself a one word answer of their name...and scene.

Aug 16, 2018

john gutfreund

GunningForPortfolioManager

Aug 16, 2018

People who say FI-nance instead of fuh-NANCE

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Aug 17, 2018

Wait what

Aug 17, 2018

FI-nance is the verb. fin-NANCE is the noun. :)

So I work in high fin-NANCE but I will FI-nance my next Porsche.

More examples of nominalization syllable stress here: https://voxy.com/blog/2012/10/noun-vs-verb-syllabl...

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Aug 19, 2018

I've never heard an American stress the noun that way, are you British?

Sep 18, 2018

Nope, I'm from Texas.

But I was a finance snob in undergrad so, there you go.

Aug 16, 2018

The lanky IT cuck in the back office who acts completely fucking indignant anytime I ask him what's going on with my computer monitor. To be fair, I ask him some dumb shit, but I don't need to here it from him!

Aug 17, 2018

Legal, talking to them is like eating broken glass.

Aug 17, 2018

Probably by people outside of the industry Paul Singer

Aug 17, 2018

1) Vainglorious Stanford/Harvard/Wharton MBAs

2) Obnoxious execution only traders who act as if they're the second reincarnation of George Soros about to break the Bank of England

3) people who maintain a fervent belief in the Efficient Market Hypothesis resembling the zeal of an Islamic fundamentalist and proselytize to all and sundry that all investors even Buffet are charlatans and Bogle is the second coming of Christ

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Aug 17, 2018

My finance professor last semester falls under your third category. sad

Aug 19, 2018

That's why he's a prof.

Aug 17, 2018

People in finance hate THEMSELVES the most.
At least this is true for the junior guys.

Otherwise they wouldn't throw away the best hours/time of their existence to sit in some dingy cubicle devoid of natural light.

But then again, I'm different from you guys :)

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Aug 17, 2018
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Aug 22, 2018