The Big Picture

MARCH 14, 2023

As you pointed out early in my career, I bounced around a bunch of investment banks, and what I learned through time was it was important when I interviewed the investment bank, it was for them to interview me. And so, the investment banking activity started to explode. It was really crazy. BERNSTEIN: Right.

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The Big Picture

APRIL 4, 2023

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. RITHOLTZ: We call that legal insider trading.

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The Big Picture

MARCH 12, 2024

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. And so, so starting in 2009, we, we, there was no flip market. Then they, then they changed regulations to where the investment banks can’t really step in.

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The Big Picture

DECEMBER 14, 2022

You’re at Goldman Sachs, in the real estate division, in the middle of 2008, 2009, right through the worst of the financial crisis. But I think, you know, even just 12 or so years ago, when I joined the firm, you’d have senior professionals with legal pads, taking notes and meeting, saying, what did we just learn from that sale?

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The Big Picture

JULY 31, 2023

And I said, I’ll go get a master’s and things will be better in 2009, because these are one year programs. HOFFMAN: I moved to New York in 2010, working for a legal trade pub, a competitor of “Bloomberg Law”, “Law 360”, where I was hired, you know, your career is just a series of lucky breaks. RITHOLTZ: Right.

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The Big Picture

AUGUST 23, 2022

Asset management group had made an argument and then the investment bank says, he works here, and then the emerging market people say, what about us, and it was going on and on. Things got worse and worse and on November 16th, 2009, Sergei went into critical condition. That was November 16, 2009. Again, he refuses.

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The Big Picture

JANUARY 31, 2023

So a lot of the investment banking analysts had already lined up their gig. And I remember I wrote a piece basically I think in June 2009, basically saying that the recession was over. It was really in March of 2009. I don’t see the Biden administration moving off of the Trump policies, limiting legal immigration.

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