The first word in our company name means we do a lot more than calc pv savings. We often work with investment banking or financial advisor clients to come up with the clearest way to express complex analyses to tax-exempt issuers. Frequently this leads to crafting ways to convey key messages as part of a broader strategy to get hired. What often surprises me about these discussions is how little people know about their position. Let me explain
"Finally, the business model of the investment banks is almost certainly going to change. Over the last 20 years, investment banking went from primarily an advisory business to being mostly a business where firms traded their own accounts – so-called proprietary trading."
Topics: Finance Professionals, Wall Street, Investment Banks
"Number 10: Never give up on an idea simply because it is bad and doesn't work. Cling to it even when it is hopeless. Anyone can cut and run, but it takes a very special person to stay with something that is truly stupid and harmful…"
Topics: Finance Professionals, Wall Street, Investment Banks
"The dividend of the computer revolution to us did not come in the flooding of self-perpetuating email messages and access to chat rooms; it was in the sudden availability of fast processors capable of generating a million sample paths per minute."
"Appreciation is a wonderful thing: it makes what is excellent in others belong to us as well."
Topics: Finance Professionals
