Viewing profile — at5

1) In practice there is no way the deal would have proceeded without GS giving the go ahead. Nowhere in your sources does GS say they said no to the deal as was consummated. 3) Was…

Ah yea but bankers are like real estate agents; their incentive is to maximize their return per unit of time invested. If GS didn't think there's going to be a large marginal retur…

Never said it was illegal...

Lock up periods. Would apply to the banker too I'd imagine

I think you misunderstand. It's not a legal issue. It's whether you provided adequate service. And Goldman didn't. And bankers are almost never liable fyi because of the language b…

Oh not illegal for sure. But they dropped the ball. Bankers are shielded from practically every type of litigation based on engagement letters. But that doesn't mean that they didn…

86bps is an ok fee given that you had a VP running this who was on vacation for a number of key events during the deal ( http://dealbreaker.com/2013/06/goldman-was-professionally-n…

Technically you're right. But a banker's role is really to provide advice on the deal and work in the best interests of the client. Sophisticated clients don't need bankers so don'…

Former banker here. Really impressed you guys get paid in the same form of consideration as your clients. 100% the way to go.

What? Part of a due diligence process is looking at internal financial statements. Cashflow issues would have jumped out immediately. GS absolutely dropped the ball on this one. Al…

Why do you say that?

They absolutely need to take blame for not atleast advising James Baker to put in a collar. All stock deals are hugely risky. A deal being run by a VP and associate is also a no no…

100%. Many boards think that by getting Goldman or Morgan you're covering your ass. They don't realize that unless you're atleast $1BN in size they really are not incentivized to d…

Actually not surprising that GS would let a VP and an associate run this deal. $580MM is small potatoes for Goldman, and it was 99 so they were up to their eyeballs in deals. There…

Sentiment expressed by westerners towards others stand. Still possible for him/her to be racist towards arabs. You would do well to recognize its patronising tone. Read the poem pe…

Not just fratboys tbh. Wall Street is only about the money. Like power it tends to attract the worst and corrupt the best.

Not much in the way of bs in the big short tbh. A little dramatisation of the characters probably but hey, gotta sell a book right? Facts were pretty spot on. The book atleast; no …

Guessing you're a fan of the white man's burden by kipling?

Maybe because we in the west are biased towards our own and vilify the other? And quite frankly who gives a damn what the west thinks about one of its leaders? Hardly an objective …

Your assertions are based on? Intuition? Mine are backed by data from market studies. Twitter is a known quantity and those who haven't signed up don't because they don't have a ne…

No. There are basically 5 ways make more money as a company. Professional investors usually have a better handle on these than the companies themselves. Time and time again, compan…

Making the point that views of Stalin and Churchill are quite far apart from each other despite similar actions. Churchill denied food aid from other allied countries that wanted t…

Big difference between perfection and a monster no? I mean he's known for the same thing Stalin is. Interesting that my comment sits in the negative. Says a lot about the crowd aro…

Investors compare earnings quality across all sectors. Very very few companies trade at 8x revenue. Tech companies typically get a premium because they usually are quasi monopolies…