The Wall Street Skinny

Send us Fan Mail You've seen all over the financial press that the Federal Reserve cut its key interest rate 50 basis points at its meeting last week. And you've heard economists yapping in the news about "hard landings" and "soft landings" for the economy. But what does that actually MEAN?We break it all down with none other than Jamie Patton, co-head of Global Rates at TCW, a $200bn multi-asset...

Send us Fan Mail Our nerdiest episode ever, and we’re darn proud of it.  Today we’re diving into Microsoft Excel and its role in Investment Banking.  We’re discussing financial modeling, Excel culture, mechanics, best practices, and productivity enhancing tools like Macabacus, the gold standard for Investment Bankers around the world. Kristen gives a crash course in how to set yourself up for succ...

Send us Fan Mail We've heard your countless requests for a review of HBO Max's hit TV show The Industry, and we are buzzing with excitement about our new favorite show!!!  We go over every single critical detail of Season 1, Episode 1 --- from how accurate the interview questions are, the sights and sounds of the trading floor, lifestyle in Investment Banking, all the jargon, and the mechanics of...

Send us Fan Mail The biggest mistakes people make are in love and money.  And how we do --- or don't --- talk about money can have a huge impact on our relationships.  Today we’re joined by Libby Leffler, Founder & CEO of First (https://www.thisfirst.com) to discuss the good, the bad, and the misunderstood about prenuptial agreements ("prenups") when it comes to strengthening your financial and em...

Send us Fan Mail Today we are joined by Dan Nathan, CNBC Fast Money superstar and co-host of podcasts On the Tape, OK Computer, and Market Call.  After three decades in the industry on both the buy side (at legendary hedge funds like SAC) and the sell side (at firms like Merrill Lynch), Dan is an expert on the equity markets and options trading.  Dan shares his insight into the evolution of the eq...

Send us Fan Mail Today’s episode is for all of you buy side and private markets junkies.  We are joined by Ted Seides, who is the host of the Capital Allocators and Private Equity Deals podcasts, soon to be thrice-published author, and expert in the Alts — the world of hedge funds and private capital investing. One of Ted’s superpowers is understanding both sides of the alts investing coin. He sta...

Send us Fan Mail The Skinny On Payrolls REVISEDHypothetical Google Split Why Companies Use Cash vs. Stock in M&AGet your FREE Resume template HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Subscribe to our Substack: https://substack.com/@thewallstreetskinny

Send us Fan Mail Sign up for our FREE newsletter here:  https://the-wall-street-skinny.beehiiv.com/subscribeToday, we are sharing the MOST IMPORTANT tips for crafting a finance resume. We get it --- no one enjoys writing a resume. But we are taking the guesswork out of the process. We are clearing up common misconceptions and teaching you EXACTLY what your interviewers are looking for when it come...

Send us Fan Mail Sign up for our newsletter here!  https://the-wall-street-skinny.beehiiv.com/subscribeToday we chat about the WSJ article: "How Bank of America Ignores Its Own Rules Meant to Prevent Dangerous Workloads".  https://www.wsj.com/finance/banking/bank-of-america-worker-death-policies-89eff5f6We get into the announced Mars acquisition of Kellanova, as well as who the heck Kellanova is,...

Send us Fan Mail Today is a masterclass in networking, reputation management, and personal brand building from one of the most successful, highly sought-after minds in the business: Jen Prosek, the founder and CEO of Prosek Partners. The daughter of immigrants, Jen shares her inspiring story about becoming a go-to consigliere for the male-dominated industry of hedge funds, private equity firms, an...

Send us Fan Mail Our second weekly episode where you get THE SKINNY on whatever's happening in the markets, big deals in the news, and pop culture with us, The Wall Street Skinny.  In this episode, we explain the collapse of the yen carry trade after the faster than expected rate hike from the Bank of Japan coupled with the weaker than expected US Non-Farm Payrolls report last week, which triggere...

Send us Fan Mail We had the incredible opportunity to sit down with Kat Sosnick, a woman whose impressive career spans three decades running portfolios of up to a billion dollars at some of the world’s most legendary Equity Long/Short Hedge Funds, including Tiger Management, Pequot, and Perry Capital.  Kat is a specialist in the consumer retail space, and shares stories with us of how she applied...

Send us Fan Mail Today we dive into Long / Short Equity Hedge Funds with David Semenza of Islander Capital Partners. We get into what an equity long short hedge fund is, how it differs from other types of hedge funds, how leverage factors in, what makes a good public equity investor, how it differs from private equity and so much more. Islander Capital Partners is a Long/Short equity fund that was...

Send us Fan Mail The Skinny On...1. Will Private Equity Take Down the Global Economy. We discuss the FT article from Wednesday, 7/24/24 titled "How private equity tangled banks in a web of debt | Complex layers of leverage could pose a threat to the global economy". Read it here:https://ig.ft.com/private-equity/2. Equity Markets Down and Factor Rotation3. What we wish we knew before starting on Wa...

Send us Fan Mail We are kicking off our multi-part foray into the world of Private Credit --- arguably the most talked-about investment vertical of 2024 --- with brilliant and hilarious Keri Findley, founder and CEO of Tacora Capital.  If you're interested in learning about Securitized Products, prestigious exit opportunities from the Sales, Trading, & Research division of an Investment Bank, or t...

Send us Fan Mail In today's episode, we discuss Citadel's potential white label offering of their Equities trading operations to investment banks --- discussed in this article as something to fill the gap of banks pulling back from Equities Sales & Trading:  https://www.bloomberg.com/news/articles/2024-07-11/citadel-securities-crafts-plan-to-shake-up-banks-trading-desksWe also discuss the theoreti...

Send us Fan Mail Financial fraud is something we hear about ALL the time.  It feels like there's a new headline about losses stemming from a hack at a financial institution constantly, and we've all seen shows like The Tinder Swindler where scams of individual consumers can have huge consequences.  The problem with most fraud prevention?  It's backward-looking.  By the time you solve one problem,...

Send us Fan Mail This week on The Skinny On ("TSO") we dive into the Paramount deal structure and discuss insane returns by congress, as well as a new law that is looking to make trading on inside info in congress illegal.  Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Subscribe to our Substack: https://substack.com/@thewallstre...

Send us Fan Mail Our long-awaited third season recap of the hit show "Succession" is HERE!  Even if you watched the show and loved it, you might not have understood all of the finer points when it comes to the scheming and negotiations at WayStar Royco.  We are here to break down the key corporate finance plot points driving the drama. This season has SO many great finance topics to explore, inclu...

Send us Fan Mail Happy 4th of July!  We wanted to discuss an article from Fortune Magazine that's been making the rounds, where the COO of Blackrock said "We have more and more conviction that we need people who majored in history, in English, and things that have nothing to do with finance or technology" (article linked below).  We discuss the pros and cons of coming to finance with a background...

Send us Fan Mail Our long-awaited third season recap of the hit show "Succession" is HERE!  Even if you watched the show and loved it, you might not have understood all of the finer points when it comes to the scheming and negotiations at WayStar Royco.  We are here to break down the key corporate finance plot points driving the drama. This season has SO many great finance topics to explore, inclu...

Send us Fan Mail We get asked every day by listeners of ALL ages, "am I too old to start a career in finance??"  When you ostensibly need to have internships on your resume by the time you are 19 years old, and when on-cycle PE recruiting starts before new college grads even set foot in IBD training, it's easy to feel that way.  But on the flipside, young people are often dismissed as inexperience...

Send us Fan Mail Today we are speaking with Zoe Cruz, who was the Head of the Fixed Income Division at Morgan Stanley when Jen started her career as a summer intern back in 2005, and who ultimately went on to become President of the firm when Kristen started full-time at MS in 2007.  She rose to the absolute upper echelons of high finance at a time when it was virtually unheard of for a woman to r...

Send us Fan Mail Today we sit down with Justin Resnick, a Managing Director at Evercore to discuss private equity secondaries --- one of the fastest growing, yet least understood segments of the private capital world.  He explains the evolution of secondaries and their function as a tool for managing distress and success in equal measure.  We talk about the explosive growth in the industry, the sh...

Send us Fan Mail "The Skinny On..." the Paramount deal that is now OFF, inflation data, turning 40, and more! Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Subscribe to our Substack: https://substack.com/@thewallstreetskinny