What is a hedge fund? A hedge fund is an investment vehicle which makes money by buying things and marking them up. Wait–isn’t that the same business model as my local supermarket? Almost exactly! One tiny difference is that your supermarket actually has to sell the things they buy, while the hedge fund makes money just by marking … Read More
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Smile and Dial
As you know by now sales monkeys have not made a phone call in years due to the fact that the buyside MIT educated trader has put a stop to that. “How dare this sales monkey call me, doesn’t he know he isn’t even in the same league as I am”? “IB ME MONKEY” Buyside … Read More
3Go1Go Technique
Here’s the way it’s done: this is a flawlessly executed “3”, lefty. Until you’ve practiced a bit, you might want to use your right hand. Note the picture of the kid, a constant reminder to keep pushing the keys until a customer responds or a pig flies. Once you’ve pressed “3” and then “Enter” (i.e., “GO”, … Read More
Bucket shop draft
Hi, I’m Mel Kiper Jr. and I’d like to welcome you to the 2017 Bucket Draft on ESPN. It’s a big day for franchises and players, and as the first team goes on the clock, we’re going to bring you in on the live action. Let’s take a look at the picks: 1. RW Pressprich With … Read More
Bucket shop Mythbusters
Welcome back to another exciting episode of Bucket Shop Mythbusters! On today’s episode, Adam and Jamie are going to real buyside and sellside trading desks in order to get to the bottom of some of this industry’s most infamous myths. Let’s get started! I’m here at BYO McTavish And Sons Securities LLC, an actual sellside … Read More