Remove Consulting Remove Investment Banking Remove Performance Fees
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Here's How Billionaires Buy Stocks

The Motley Fool

These services include cash and securities lending, risk management consulting, custody of assets (holding securities), and making introductions between clients and investors. These are called private placements, and most of the time, the shares are sold to investment banks or hedge funds.

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Transcript: Dominique Mielle

The Big Picture

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. RITHOLTZ: Right.

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Transcript: David Layton

The Big Picture

I was actually running the Investment Banking Club at BYU, and you know, thought I was interested in that, interested in going to Wall Street. It’s about surrounding yourself with not generalist consultants that come in and tell you this market is big and growing, right? It’s through a lot of work.

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