Remove 2007 Remove Due Diligence Remove Investment Banking
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Transcript: Matt Levine

The Big Picture

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. It was underwriting, you know, it was like doing investment banking, underwriting public offerings. 00:33:08 Who, who is advising him to waive due diligence?

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Transcript: Michael Carmen, Wellington

The Big Picture

And what I think distinguishes us at Wellington is that we’re able to utilize our public market investors in the due diligence process in helping us assess. And we have co-investors that we work with that are clients of ours that we want to be able to offer them the opportunity to invest also.

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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

There were financial experiments where the borrower hadn’t been through due diligence. So that, that sort of put Amherst on a different pact because prior to that, our core business model was investment banking, brokerage market making, and underwriting. The LTV was very high.

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Transcript: Aswath Damodaran

The Big Picture

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. RITHOLTZ: So have we now gotten to the point where this sort of silliness is over, or are the venture capitalists and investment banks that bring these companies public, are they still playing that game?

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