The skilled investment banker do they rely on ethics?

Investment banking is more than a job it is a field of knowledge and skills. The profession requires an aptitude and knowledge base that rivals doctors and lawyers. So why are we confronted with hustlers and scam artists? Should investment underwriters be accepting of charlatans and confidence men or should those pseudo-professionals be squezzed out of the market?

Comments (136)

May 9, 2014

Game theory - you only deal with someone who burns you once, then not again.

If someone is a complete charlatan, they won't last past one deal because no one will work with them again.

Some bankers talk well but don't know that much about what they are talking about, or have good relationships. IBs tend to identify that, put them in a position where that strength can be exploited and keep them away from the metaphorical sharp knives ie access to capital or the ability to put the IBs reputation capital at risk.

May 15, 2014

Thank you my brotha!!!

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May 9, 2014
Countess Capital LLP:

The profession requires an aptitude and knowledge base that rivals doctors and lawyers.

why do you even exsist

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May 14, 2014

You are concurring with me on this admonishment correct? If not we gotta talk "wannabe."

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May 15, 2014

Because I'm awesome...

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May 10, 2014

Did you just seriously compare the knowledge required for investment banking to having to go through 8 years of medical school to learn how the most complex mechanism in the world (the human body) works? This discredits the entire topic.

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May 14, 2014

Wrong!!! 8 years of contemplation over complex economics wouldn't give you enough true deliberate instincts to engineer an effecient market which will not only both benefit yourself but the economy as a whole. That is why we (investment bankers and US markets) have incurred failed bankruptcies, and markets bubbles which eventually precipitate markets that scare investors away (real revenue). Instead of sucking commissions for the rest of your life that yield no penultimate sincerity or meaning, with regards the constructivity or productivity, why not change your perspective to the voluminous amounts of statistical research studies which are comparable to medical statistics (research statistics) in investment banking? Investment banking is a deadly serious game and a seriously deadly game. Wars are created from investment banking "screw ups!;" people go broke and people have died because of investment banking blunders and inprudent investment banking calculations---so ask yourself this question: Is investment banking similar to doctors and lawyers?

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May 14, 2014

No. It isn't. It obviously doesn't require the same volume of knowledge as either of those professions which is why people are hired into the industry after 3-4 years of undergrad, some with completely unrelated formal educations. You can try to glorify the profession all you want and make unfounded claims to try and support your arguments but this is the truth.

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May 14, 2014

Investment banker vs a doctor? Is that a joke?

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May 14, 2014
Countess Capital LLP:

Wrong!!! 8 years of contemplation over complex economics wouldn't give you enough true deliberate instincts to engineer an effecient market which will not only both benefit yourself but the economy as a whole. That is why we (investment bankers and US markets) have incurred failed bankruptcies, and markets bubbles which eventually precipitate markets that scare investors away (real revenue). Instead of sucking commissions for the rest of your life that yield no penultimate sincerity or meaning, with regards the constructivity or productivity, why not change your perspective to the voluminous amounts of statistical research studies which are comparable to medical statistics (research statistics) in investment banking? Investment banking is a deadly serious game and a seriously deadly game. Wars are created from investment banking "screw ups!;" people go broke and people have died because of investment banking blunders and inprudent investment banking calculations---so ask yourself this question: Is investment banking similar to doctors and lawyers?

my tiny brain can't understand all these big words.

"Strength does not come from physical capacity. It comes from an indomitable will."

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May 14, 2014

People like you are the reason I drink.

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May 14, 2014

I'm not sure if this was intentionally or unintentionally funny. Either way, thanks.

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May 15, 2014
CorpFinHopeful:

Did you just seriously compare the knowledge required for investment banking to having to go through 8 years of medical school to learn how the most complex mechanism in the world (the human body) works? This discredits the entire topic.

Lol I'm glad I wasn't the only one thinking that.

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May 15, 2014

R-e-e-a-a-l-l, Investment bankers study 8 years of mathematics, statistics, economics, accounting, physics, chemistry, biology, history, law and politics, and engineering to understand the most complex capital transactions and economic systems in the world...(:|

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May 10, 2014

You think it takes talent to work in IBD? That's laughable. As a good friend, former GS TMT now KKR, put it: "a fucking homeless man can do this; they only choose us because we go to Harvard."

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May 15, 2014

So why don't you become a homeless person...? (:| I am going to ignore that comparative statement between Investment Bankers and homeless people, much like your rhetorized audacity of my intercomparing doctors, lawyers and Investment Bankers.

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May 15, 2014

By any chance, are you fucking retarded?

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May 14, 2014

Just LOL at ethics

May 15, 2014

I see... :(

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May 15, 2014

You use big words to cover up the fact that you're dumb. And 9/11 was not caused by investment banking.

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May 15, 2014

I am afraid not, I use big words for accurracy when articulating. And do your research there was a Global investment banking element within the events that lead to 9/11, the final justification was fundamentalism in Islam, but there is a global investing and economic crisis in the middle east and Eurasia which precipitate into catalysmic events (acts of war and terrorism) cyclically and of a going concern. Anytime you want a strict academic throw down just ask for my phone number and "we can go"--off of the WSO website. Gotta respect Mr. Curtis's rules of participation.

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May 15, 2014

Showing results for accuracy
Search instead for accurracy

May 17, 2014
Countess Capital LLP:

I am afraid not, I use big words for accurracy when articulating. And do your research there was a Global investment banking element within the events that lead to 9/11, the final justification was fundamentalism in Islam, but there is a global investing and economic crisis in the middle east and Eurasia which precipitate into catalysmic events (acts of war and terrorism) cyclically and of a going concern. Anytime you want a strict academic throw down just ask for my phone number and "we can go"--off of the WSO website. Gotta respect Mr. Curtis's rules of participation.

why do you talk like this

May 15, 2014

You lost OP?

May 15, 2014

Are you messaging me? Is that a feable attempt to characterize my discussion as OP (the kid on Any Griffith?)

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May 15, 2014

OP: original post(ER)

May 15, 2014

Principle? N*gga please, you know we both dead inside

May 15, 2014

This thread knocked at least 2 points off of my IQ. Please stop.

May 15, 2014

yieeass! bro! Yes!

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May 15, 2014
Countess Capital LLP:

yieeass! bro! Yes!

I see you.

May 15, 2014
May 15, 2014
BananaMan:

May 15, 2014

I hope the OP might be trolling.

May 17, 2014

No...no, Xanatos I am not trolling. I actually created this post for serious "ADULT" "PROFESSIONAL" and "MATURE" opinions that I want to read and, even create humor if necessary. Its seems as if the TROLLS led their insurrection on "Mordor" in my thread...

May 15, 2014

Let's back up, if we can. Tell us about yourself. Not in any way an affront; just would like to know (saliently) your background (professional and academic).

By the way - not sure whether this was a mistake or done on purpose - but you've written capital as "captial" in your tagline.

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May 16, 2014

Yeah I apologize for those typos, when I am irritated with antagonists I tend type real fast, so typos occur. I also neglect the spell check function because, I am conversing my way around this individual (s) and want to alleviate my self of their presence; not really trying to impress them with my loquacious vocabulary so, I click the "add comment" button wantonly. I am a completed MSci (DEGREE IN HAND) in Industrial Engineering ( with probablistic financial management for engineers) and Applied Statistics. I completed my Bachelors in Quantitative Economics with concentration and cognates in Mathematics, and Spanish. I have worked in all aspects of analysis from invesment analysis to governement actuary and actuarial analysis (no insurance underwriting) to corporate controller and auditor. I have actual work experience where I placed demands upon business owners which saved multi million dollar production facilities and brought them back from the brink of bankruptcy. I have written numerous theses and detail analyses which advise governments and individuals on the best optimal approach to investment strategies, and I am the proud founder and owner of Countess Capital and Condesa Capital. I currently work for the Federal government in analysis and I am in the process of establishing a regional stock exchange.

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May 16, 2014
Countess Capital LLP:

I currently work for the Federal government in analysis and I am in the process of establishing a regional stock exchange.

Glad to see this is where my tax dollars are going...

"Strength does not come from physical capacity. It comes from an indomitable will."

May 16, 2014

Paragraphs, people. Paragraphs make your walls of text so much easier to read.

Like the comma and full stop, Paragraphs are a fabulous innovation.

Can we have more paragraphs in this thread?

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May 16, 2014

Adjusted my last post to accommodate your desire for more paragraphs. Enjoy, good sir.

May 16, 2014

You suggestion is duly noted, thank you for your civil assertivenes.

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May 16, 2014

This countless capital guy is really falling into the "I work for the government" stereotype.

May 16, 2014

LOL at this thread.

May 16, 2014

Holy shit this escalated quickly. I don't think he's trolling either.

May 16, 2014
Comment
May 16, 2014
May 17, 2014