If a PM or analyst couldn’t answer a question about a stock, Point72’s Steve Cohen would lash out with: “Do you even know how to do this fucking job?”
He once blasted someone for having no trading ideas that year. It was the first week of January.
@Restructuring__ When I was in bschool, he showed up to the investment club meeting with quickly liquifying pints of ice cream from his favorite spot in Boston. Nice gesture, but I always questioned why he would bring MELTED ice cream to an 8pm meeting.
@JosttenSackitey@BucknSF Inflation outpacing low to nonexistent wage growth for many people within high paying corporate jobs - particularly those in finance, marketing, and non-mega cap tech
@CollinRugg@FindingMoneyDoc Fed prints money primarily to regulate the money supply and manage economic activity. However, borrowing allows the government to fund its operations, infrastructure projects, etc without devaluing the currency. Debt also provides flexibility in managing debt and interest rates.