There is no easier way to identify a hardo more than having “ex-Google”, “ex-McKinsey”, “ex-Goldman”, etc in your linkedIn profile. If you do that you suck so much
VP math is that a 5 minute call explaining what to say in an email is quicker than the 1 minute it would take to write it
MD math is expecting juniors to be able to put together a pitch deck assigned on Friday at 5pm without working the whole weekend
Analyst math is that the balance sheet balances as long as the associate doesn’t catch the plug
Associate math is that since the company still produces cash flow in the downside case, it’s impossible for it to go bankrupt
I always see sponsors asking for a pricing step down when they should be stepping UP to help make their lenders’ diligence processes go as smoothly as possible
Nothing more satisfying than seeing a “strategic corporate initiative” go down in flames. Could be an overcomplicated excel template, poorly organized internship program, or virtue signaling ESG program. Just proof that our jobs are not nearly as important as we like to think
The funniest part of the buyside is we’d much rather try to read IC’s minds rather than think for ourselves lmao
It’s always “If we present it that way, they’re gonna say…” or “yeah well he’ll point to that and ask why it doesn’t tie to the earlier slide”
One of the cooler terms in finance to say is “cashless roll” - it sounds like a basketball play you draw up with one second on the clock to get the ball to your best shooter