Siggi Wilzig: Wall Street Titan
→ Deported to Auschwitz at 16
→ Watches his mother go straight to the gas chamber
→ Joins U.S. Counter Intelligence
→ Hunts Nazis
→ Captures Hans Goebbels
→ 1947: Arrives in America with 240 dollars
→ Shovels snow in the Bronx for 2 dollars a day
→ Cleans sweatshop toilets
→ Talks his way into selling bowties
→ Quietly accumulates stock in a tiny, failing oil company
→ Forces his way into the boardroom against open antisemitism
→ Becomes CEO of a NYSE‑listed oil & gas producer
→ Sets his sights on a “Jew‑free” New Jersey bank that once banned Jewish employees
→ Buys out the old German board shareholder by shareholder
→ Takes over as chairman and CEO and builds a multi‑billion‑dollar commercial bank
→ Becomes the first man in U.S. history to sue the Federal Reserve rather than give up his bank or his oil company
→ Uses the bank as his cash cow to fuel drilling, deals, and acquisitions
Never give up. Only death is permanent.
@coldbrewdad I maybe misalleging, but i sense that some kickbacks after definitely being offered to put money down for these cos
Cash out in richly priced listings, leave retail holding the bag, invest it in more unsustainable models
Rinse and repeat
@coldbrewdad What's worse, it can be seen this not as a one off event, but a very disturbing trend across all VC backed startup listings with high OFS percentages in the last 4 odd years
The sum may be a drop in the bucket for the institutional guys, but they still are fiduciaries at the end
@coldbrewdad Ik this is just mudslinging, but people who're not very financially literate are convinced with the whole mutual funds sahi hai trope, there needs to be more monitoring as to who are their fund managers really working for
@coldbrewdad The main qualm as I understand is not over the pricing per se.
However, when AMCs pick up stakes in these companies (SBI MF put down 100 crores for lenskart), it casts a doubt on the hidden incentives offered to them to invest at absurd valuations.