If you're on the sell side and you're angry at the guy you're talking to you have to hang up the phone before you say fuck you. And if you're on the buy side you get to say fuck you then hang up the phone.
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Was this directly copied from "The Black Swan", or did you change a word or two?
The term more generally applies to whether one does or does not have "fuck you" money.
Just saw a guy explain it in a documentary I'm watching on Wall Street's best.
before the black swan that quote came directly from andy kessler in either wall street meat or running money, cant remember.
what documentary?
is directly from wall street meat, solid book
it's called "all street warriors" very interesting and just follows the lives of 6 different people on wall street ie. a young prodigy, a sexy deal maker, a hedge fund owner etc. I'm interested in hearing about more books/movies so if anyone has some recommendations I'd be happy if anyone could PM me them.
http://www.mojohd.com/video/?sid=8&eid=4
LOL..
"Most people don't understand what I do. Most people don't understand what a Hedge Fund is. When I lived down in Florida, I said I run a hedge fund, they thought I was in landscaping"
On a nasty note.. at 6:40.. you can see a fly on the bread; Such a fancy restaurant and they have flies walking all on the bread. Disgusting.
hahahaha.. if someone can find/upload the other episodes what would be awesome!
Thanks
^I got it on netflix, only way I was able to find it. I'd suggest getting it on netflix, very interesting and worth it, but my 2nd CD is scratched! so I don't know what happens at the end of the season finale! (episode 6)
oh my god, those kids on wall street warriors were some of the smarmiest fucks i've ever seen.
"i want to be rich enough so i can go up to a random woman and say here's 20 thousand dollars. send your kid through college" -- are you fuckin kidding me? and he thinks he's running a hedge fund simply because he's trading with a million dollars of his family and friends money using technical analysis? come the fuck on..
^ perfect comment.
A one million dollar hedge fund.......which translates to 20 grand base and 20% of the profits.....This guy is probably looking at a 30 grand a year salary! Technical analysis......
Unless he was able to fool his friends and family to up his performance fees to 40-50% by saying he's the next Soros...
yeah, imagine trying to buy a condo, "well if I get 40% this year then i'll bring in 100k, and if I don't lose any money people should keep their money in my fund........" what do you think? he lives with his mom still?
and they were all ibanking analysts of some sort or the other.
no. the one kid with the "hedge fund" is effectively unemployed, if not for the fact that he was able to convince people dumber than him (family and friends) to let him manage their money.
I want to see the follow up a couple of years from now when the market turns. I love all these people "running hedge funds."
I can tell if someone is on the buy or sell side in Japan. I look down. If they are wearing white socks an dplastic shoes they are on the buy side. If they have stains or dandruff; buy side.
If they are wearing the exact combination of clothing; down to the tie and belt as found in the most recent GQ; sell side.
works every time.
I love when buy side guys come in for a client lunch. It's like a race to see who's wearing the most wal-mart with cartier watches.
do you work in or with japan?
I work in Japan. What I said only applies in Tokyo and more particularly only with domestic bankers.
Tim Sykes seems to be shaping up to be a role model for success and charm.
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