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This podcast is a smart and entertaining peek into the world of investment banking, sales & trading, private equity, hedge funds and more. Hosted by two lifelong friends with a passion for teaching, and over two decades of experience on Wall Street. Discover the basics, ranging from “what is investment banking?” to “what moves markets?". Learn about different roles and exit opportunities, and get tips on how to land the job. Our mission is to make the world of Wall Street accessible to everyone, while keeping things relatable and fun.
Whether your goal is to work on Wall Street, or if you have NO idea what any of those things are and just want to learn some basics, this podcast is for you.
96 Episodes
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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 equities trading business, the insider secrets of what it’s like being a pundit talking about the markets ...
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 started his career working with David Swensen at the Yale endowment and ultimately went on to lead his own multib...
The Skinny On Payrolls REVISEDHypothetical Google Split Why Companies Use Cash vs. Stock in M&AGet your FREE Resume template HERECheck out Public.com at the link HERE Get a free trail of Macabacus here using this link! https://macabacus.comFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/Public Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account a...
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 comes to this piece of the application process.Learn to control the narrative, maximize the impact of your accomp...
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, what a spin off is, why the deal was likely done all cash. And finally we chat about the lessons we can l...
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, and investment banks as a female English major without a preexisting network of her own. Jen outlines steps for...
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 triggered the Sahm Rule signaling a recession. We also touch on Bill Ackman's canceled IPO, and the scandal aro...
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 her passion for investigative journalism to doing “grassroots” analysis at the core of her investment theses....
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 started by David Semenza and Jordan Martinez. The fund spun out of Matrix Capital in 2023, and is focu...
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 Wall Street4. Drama between Rupert Murdoch and his kids SuccessionCheck out Public.com at the link HERE Get a f...
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 the career path towards landing a job in Private Credit, this episode is a MUST LISTEN.Keri is our first g...
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 theoretical possibility that something similar might emerge in the Fixed Income space as well as capital requirem...
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, criminals have found a new way to steal your money. We sat down with Greenway Solutions,...
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. Check out Public.com at the link HEREFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/Public Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage accou...
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, including merger of equals, company valuations, and much more! We delve a bit into the real deals ...
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 in the humanities, especially in the context of how AI will impact jobs at junior levels in different wa...
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, including LBOs, company valuations, termination fees in a merger, EPS juicing, and much more! We d...
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 inexperienced and excluded from the big conversations when their age is deemed to be a negative. So, let's tal...
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 reach that level of leadership.Zoe has an incredible story. She started her Wall Street career as a youn...
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 shifts in philosophy amongst GPs and LPs, and the widespread buy-in from many of the biggest names in Priv...
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