<img src=http://www.oaktreecapital.com/OCM_Public/gifs/principals_2005.jpg> I'm sorry but these fcks don't look like they could even trade their way out of a paper bag! Yet they got $26 BILLION under management! www.oaktreecapital.com - a "hedge fund." LMAO
here's the directors of this two-bit hedge fund, Greentree Capital... <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/howard%20marks.jpg> Howard - after having one too many. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/Karsh_Bruce.jpg> the president - a very good basketball player. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/russ%20bernard.pg.JPG> Russel - practices sucking things. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/Clayton_Kevin.jpg> Kevin - works on brushing his hair to the right. also sucks on things. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/Frank_John.jpg> their attorney - good at picking things out of his nose. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/Kaplan_Sephan.jpg> Stephen ("it's Stephen NOT STEVEN!!") moonlights as a aftershave model. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/larry%20keerejpg.JPG> Larry - has regular contact with aliens. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/K_David.jpg> David - likes taking "cutie" pictures. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/richard%20masson.jpg> Richard - drinking buddy of Howard. <img src=http://www.oaktreecapital.com/OCM_Public/gifs/photos/S_Stone.jpg> Sheldon - dropped one too many hits of acid. Now works on walking up and greeting people on the street. Also plays Rudolf the red-nosed reindeer at his kid's school Christmas play.
Shiet Coinzy, that really gave me a belly laugh! BTW, that paper bag that they couldn't trade their way out of, would it be brown in color? PS. Do I detect an unhealthy obsession with these "chick-magnets" ??? I bet they party after hours with women of "loose" (wow, one of the few ETers that spells that word correctly under the context) morals. Then again maybe not...
Yes and no. Like any complex organization, it is hard to generalize what people at an ibank do, similarly, what does a person at IBM do? People in ibank do a large variety of things, investment banking (what you are referring to), trading, sales and trading, financing, modeling / quant, risk, retail brokerage, asset mgmt, etc. Often, if one is lucky (or have good relationships), one can get into a new area in ibank. Those type of jobs can be very creative and rewarding at the same time. For instance, derivative trading in the mid 80s, hedge fund sales in the mid 90s, convertibles in the late 90s, e-commerce in the mid to late 90s, etc. Imagine doing a startup with a $500M bankroll and if some one runs interference successfully, almost free reign. View from a 2nd year analyst is drastically different from that in 10-15 years. Yes, most of the skills required will be soft, it is entirely feasible that an MD will have no idea how to do a full valuation model, but that's no different from a law firm partner have not written a full brief in 20 years, or a CS professor haven't written a line of code in 20 years, etc. they don't have to, they would manage the "high level" concepts, it is up to the apprentices to do the grunt work. It is what the junior people are paid to do, until they paid their dues, and shown some promise, then they would be given some opportunities.
Singapore is a small country of 4M people but the president makes more than the president of the US. And the government does not hide that fact. Rather the government confronts the people about it, since she believes that it needs to attract talent, and reduce corruption. I rather have that than politicians trying to make money elsewhere, say through their healthcare stock trades.
Let's not forget Philip Purcell (former CEO Morgan Stanley) was former McKinsey too. How much value did he and his board of directors (many also McKinsey) destroy?
This is exactly correct. For better or for worse (you decide) Mckinsey is probably the most sought after job for top tier grads. The only comparisons are: Goldman Sachs for finance Cravath/Wachtell for law Microsoft/Google for techies Don't plan on working less than 60 hrs/week at any of these places.