POPULARITY
Jared Dillian served in the Coast Guard, worked as a trader at Lehman Brothers, and writes the Daily Dirtnap newsletter. He's also a DJ and a prolific author. His published books include Street Freak, an account of his time at Lehman Brothers and a novel called All the Evil of This World. He also wrote a collection of essays, Those Bastards (in reference to a quote from Dick Fuld, CEO of Lehman) which I highly recommend. I just finished it and it made me think deeply about a variety of different topics and frequently made me laugh and provided an enlightening perspective. In this interview, we discuss many of his different essays included in this book.He has an upcoming book which we discuss – No Worries: How to live a stress free financial life.Links* Those Bastards: 69 essays on life, creativity, and meaning: https://www.amazon.com/Those-Bastards-essays-creativity-meaning-ebook/dp/B0BZST4Z5P* No Worries: How to live a stress-free financial life https://www.amazon.com/No-Worries-live-stress-free-financial/dp/1804090409* The Daily Dirtnap: https://www.dailydirtnap.com/* Jared's substack: DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe
What is Charisma? A charming smile? A warm handshake? Being tall? Maybe functional charisma is more practical. Maybe it's something we can master and use tactically.
What is Charisma? A charming smile? A warm handshake? Being tall? Maybe functional charisma is more practical. Maybe it's something we can master and use tactically.
Lehman's last hope is a potential acquisition, but Dick Fuld's ego gets in the way, and sends the firm down its ultimate path of destruction.To listen to Business Movers ad-free, join Wondery+ in the Wondery App. Click here to download the app: https://wondery.app.link/businessmovers. Support us by supporting our sponsors! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bart McDade leads a corporate coup designed to oust Joe Gregory, reign in Dick Fuld, and rescue Lehman Brothers from the throes of disaster.To listen to Business Movers ad-free, join Wondery+ in the Wondery App. Click here to download the app: https://wondery.app.link/businessmovers.Support us by supporting our sponsors!ZipRecruiter - You can try ZipRecruiter FOR FREE ziprecruiter.com/movers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Q3 FOMO, 3 Wochen vs 3 Jahre, Jesse Livermore, Nicolas Darvas, André Kostolany, Madelaine Schickedanz, Thomas Middelhoff, Saal Oppenheimer, Joseph Esch, Joseph Ackermann, Lehmann, Dick Fuld, Bearings, Nick Leeson, Jérôm Kerviel, Kweku Adoboli, Modis, Fitch, Standard & Poors, Rüdiger Born, Edmund Haidt, Robert Wüstefeld, André Stagge, Joachim Brandtmaier, Warren Buffet, Stefan Risse, Friedhelm Busch, Julian Hosp, Markus Koch, Katja Dofel, Mt. Gox, Bitfinex, Binance, Bittrex, Hashgraph, Blockchain, BTC, Etherium, Litecoin, Lumen, Verge, Tron, Iota, Lumen, Wallet, Autenticator, Hedge, Dragi spricht, VW short, Merkle, Ratiopharm, Eisenmann Auto Becker, Nokia, Kodak, Komplexitätsreduktion,
Larry McDonald is the guy I turn to when I want to talk about the Bond Market. He always has something insightful about what's happening that I'm probably not seeing. We've become friends over the years but I originally got to know who Larry was by reading his book, Colossal Failure of Common Sense. This is a book about the collapse of Lehman Brothers being told by a bond trader inside the firm. I encourage you to pick it up and give it a read. It will give you good insight as to what exactly was taking place at the time. In this podcast Larry tells us a good story about the day his team had the most profitable day in the history of the bond desk at Lehman and Dick Fuld didn't even bother to come down and say hi. The market today is different than it was in 2019. What's going on in the bond market is playing a huge role. I couldn't think of a better time that the present to bring in my friend Larry McDonald to discuss what we're seeing out there in the markets. This is always a lot of fun talking to one of my favorites!
The Allstarcharts Podcast on Technical Analysis Radio: Current Market Analysis For Traders
Larry McDonald is the guy I turn to when I want to talk about the Bond Market. He always has something insightful about what's happening that I'm probably not seeing. We've become friends over the years but I originally got to know who Larry was by reading his book, Colossal Failure of Common Sense. This is a book about the collapse of Lehman Brothers being told by a bond trader inside the firm. I encourage you to pick it up and give it a read. It will give you good insight as to what exactly was taking place at the time. In this podcast Larry tells us a good story about the day his team had the most profitable day in the history of the bond desk at Lehman and Dick Fuld didn't even bother to come down and say hi. The market today is different than it was in 2019. What's going on in the bond market is playing a huge role. I couldn't think of a better time that the present to bring in my friend Larry McDonald to discuss what we're seeing out there in the markets. This is always a lot of fun talking to one of my favorites! Click here return to the episode page
Jared Dillian is editor of The Daily Dirtnap: A daily market newsletter for investment professionals. Jared is also author of “All the Evil of This World” and “Street Freak”. He gives a behind the scenes look at the good, the bad, and the ugly of Wall Street. Jared’s interest with Wall Street didn’t start with the idea of making money. It was more academic. He wanted to learn why so many traders were trying to beat the market when all the Wall Street books he was reading said that beating the market was a huge waste of time. He started working at Lehman Brothers and quickly learned the culture within an investment bank was completely different. Everyone working at investment banks were in the business of making money, they are all traders. Jared speaks about the structure of Lehman Brothers and how they changed under the management of Dick Fuld. He then dovetails into detailing the dot-com bubble and the housing bubble, and explains why some firms were able to fail and others were able to survive. Next, Michael and Jared talk about the “sex drugs and rock and roll” aspect of Wall Street. Jared looks back on what he saw when he worked in the pits of Wall Street and says that, “that culture” doesn’t really exist anymore since the 2008 crash. They finish up talking about the pros of being an entrepreneur rather than working for a big investment bank on Wall Street. In this episode of Trend Following Radio: Behavioral finance Market psychology Housing bubble Dot com bubble Lehman Brothers Starting your own hedge fund
Today, Michael Covel interviews Mike Lofgren. Mike’s new book is titled, “The Deep State: The Fall of the Constitution and the Rise of a Shadow Government.” We are in a world where everyone thinks their vote matters and that the next President will fix all of America’s problems. Michael starts the podcast off reading an excerpt from Lofgren’s new book. The two dig into expectations that people had for George W. Bush. As he failed, the people then voted in Barack Obama. Obama failed to meet people’s expectations as well. Lofgren explains what he describes as a “deep state” phenomenon. Next, Covel and Lofgren dig into: “Does our vote really matter?” Lofgren says that whoever is elected President matters on the margin. The general vector of who gets what, what the general distribution of income is, and what our general foreign policy is, is going to be pretty much the same no matter who is elected. However, Donald Trump and Bernie Sanders are so far out of the box that they may change those norms because of how out of distribution the system has become. The public knows something is wrong. Trump and Sanders have, at the very least, shaken up the political structure regardless of if they win the election or not. Lofgren goes into economics and military next. He doesn’t look at economics and military as separate entities. He sees all arms of government as intricately intertwined. When you see a change in the economics of the country, you can see just as large of a shift in the military and vice versa. Michael and Lofgren also discuss Dick Fuld and the Lehman Brother collapse. Michael moves on to ask, “Why aren’t their more whistle blowers coming out of the government?” Lofgren says that it is largely because people don’t want to go to prison. More people are being charged with espionage in America than within any other government. Michael and Lofgren continue to dig into depth about politics, corruption, and Wall Street for the rest of the podcast. Michael ends asking Lofgren, “Is there really anything on the horizon where this deep state entrenchment goes away?” In this episode of Trend Following Radio: The deep state phenomenon Military industrial complex Vietnam War National debt Negative interest rates Capitalism in communist countries Does your vote matter?
Today's guest is the Talented Blonde aka Kristin Bentz. Kristin began her career in the luxury retail and hotel industry and then moved on to Wall Street where she 'survived' working with Dick Fuld and Jim Cramer, my ex-boss and previous So Money guest. Kristin is an ex-Lehmanite and a former managing editor of Real Money. She is most well-known for her ability to identify trends in the consumer, lodging and luxury sectors and offers fresh and independent analysis of the financial markets and consumer sector. For more information visit www.somoneypodcast.com.
Zac Bissonnette is an author of several different books and is recently coming out with a new one called, “Good Advice From Bad People.” Today he sits down with Jason to give you a little insight about what you can learn from the book as well as talk about some of the problems with expensive colleges. Join Jason today and learn a couple of things about Lance Armstrong, Donald Trump, and more. Key Takeaways: 3:00 – When we know nothing about a person/celebrity, make them our role model, and when they fall, we look back and wonder why they were considered a hero in the first place. 5:10 – Dick Fuld said, “When you know what you're talking about, others will follow you because they're safe to follow you.” A few years later Fuld lead the largest bankruptcy in US history. 6:12 – There's very little accountability in Wall Street. 6:30 – One of Zac's favorite financial failures is Donald Trump. 9:30 – There's a leaked video from Jim Cramer bragging about how stupid SEC is and pretty much giving a finger to investors. 10:40 – Jim Cramer is on television too often to actually know anything. The research is being done by someone else. 13:45 – OJ Simpson said, “The day you take complete responsibility for yourself, the day you stop making any excuses, that's the day you start to the top.”
Joe Peta is the author of, "Trading Bases, A Story About Wall Street, Gambling, and Baseball. He was a fifteen-year all-star Wall Street veteran trader, but decided to give up that lifestyle. Instead, he chose to improve on Moneyball's famed sabermetrics to place bets that would beat Vegas odds on Major League Baseball games. He ended up making a 41% profit over the 2011 season. Peta shares his strategies with Jason. He believes there is a far greater chance of making money betting on baseball than on football or basketball. Peta also talks about the influences Bill James and Nate Silver had on him and his work. On the financial side, Peta explains Dick Fuld's rough charm as CEO of Lehman Brothers. As a former Lehman employee, he think the U.S. should have rescued Lehman. Now, it looks like Las Vegas should turn to Wall Street for ideas on ways to increase interest, traffic, and, ultimately, bets in their sports books. Raised in West Chester, PA by a first generation Italian-American father who adopted baseball as a symbol of his love of America, Joe Peta quickly learned the joy of following the sport --- and the pain of being a 1970s-era Phillies fan. By the time he was a teenager, Joe felt certain that his heroes Mike Schmidt, Larry Bowa, Steve Carlton, et al would one day be his co-workers. While his father instilled a love of baseball in him, sadly, Joe inherited his mother's throwing arm, so by the time he was in college he turned his career ambitions toward the glamorous and fast-paced life of a Certified Public Accountant. His new heroes were men like Bill James and Warren Buffett and Joe parlayed his love of numbers into an MBA from Stanford University. Even in business school, sports were never far from his mind. At Stanford, Joe penned columns in The Stanford Daily and The Reporter that earned him a following in spite of the constant references to Melrose Place, and his turning down the opportunity to interview campus golfer Tiger Woods to fruitlessly pursue an interview with Olympic Gold Medal winning swimmer Summer Sanders. In 2011, while recovering from a massive leg injury which curtailed his trading career on Wall Street, Joe began writing Trading Bases, A Story About Wall Street, Gambling, and Baseball. Joe lives in San Francisco with his wife and two daughters.
There are many theories about the mess we are in, but it is simply what you get when you take human beings and put them in an organisation, says Lucy Kellaway See acast.com/privacy for privacy and opt-out information.