Episodes
Send us a textIn this episode we delve into episode three of HBO Max's hit show, 'Industry,'. We walk through Harper's cross-asset trade idea involving puts on the homebuilders index, calls on gold, and credit default swaps (CDS), and her interactions with bosses Daria and Eric and use it to discuss mentorship on Wall Street. We further use the show as an excuse to explain sales credits, trade executions, and correlation trades.We get into workplace politics and the often-blurred lines betwee...
Published 11/27/24
Send us a textDoes what you wear to work on Wall Street matter? How much? Why? What exactly are you supposed to wear, anyway? Who makes those decisions? And how can you express your personal style in a way that elevates your career?In this inspiring conversation with former finance PR specialist-turned-fashion-founder Kerry O'Brien, the CEO of Commando, we learn how to navigate all of these questions in a fun, freeing way.Kerry gives us insight into her innovative, technology-forward app...
Published 11/23/24
Published 11/23/24
Send us a textNearly every thought leader we’ve spoken to in the finance industry has struggled with imposter syndrome at some point in their career. Not Michele Trogni. We had the fabulous opportunity to sit down with Michele at the CAIS Summit, where she explains how she learned early not to be encumbered by the expectations of others, to be emboldened by preparing for the unexpected, and to only pursue that which genuinely interested her. Michele started her career leading tech...
Published 11/17/24
Send us a textSteve Kurz vaulted from early days at a worm poop startup (yes, that's a real thing) to the fast track of traditional finance, only to find himself with a front row seat to the Global Financial Crisis. Steve took the lessons he learned in traditional finance at legendary institutions like Lehman Brothers, Fortress, and River Birch and forged a new path along with his co-founder, Mike Novogratz, to found Galaxy: the Goldman Sachs of crypto.In today's episode, Steve explains...
Published 11/09/24
Send us a textOur Investment Banking and Private Equity Foundations course is LIVE: https://courses.thewallstreetskinny.com/offers/KyxREEEu/checkoutTo get access to the $25 Masterclass click HEREOur content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Published 11/07/24
Send us a textYou've probably heard of Exchange Traded Funds (ETFs) before. You may even own shares in some. But do you actually know what they are? How are they created? How do they work? Who maintains liquid markets in them? Why would you invest in one in the first place? And why has this marketplace exploded to a size of $11-12 trillion across 10,000+ funds?We are joined by longtime friend Brian Weinstein, head of global markets at MSIM, to underst...
Published 11/02/24
Send us a textWith less than two weeks to go until the US Election, we are bringing you this special edition crossover podcast episode with our trusted friend and news source, Mosheh Oinounou of Mo News.We are trying to achieve the impossible: a non-political podcast episode about politics. We sat down with Mosheh to explain some basic mechanics behind the US presidential election process, fill in some gaps in our own knowledge, get a better understanding of what the financial markets d...
Published 10/26/24
Send us a textIn today's episode of TSO we are joined by Jade Huang, Chief Investment Officer of Calvert Research Management. She breaks down what is going on right now at the COP 16 Summit, talks about responsible investing, ESG, why it's so much more than just buzz words and how you can make money while also doing good for the planet.Jade HuangChief Investment Officer, Co-Head of Applied SolutionsCalvert Research and ManagementJade Huang is chief investment officer and co-head of applied so...
Published 10/24/24
Send us a textIn this episode of The Wall Street Skinny, we dive deep into the world of financial inclusion with Mary Ellen Iskenderian, President and CEO of Women’s World Banking. Microfinance has long been hailed as a key tool for empowering women in emerging markets, but as Mary Ellen explains, true financial empowerment requires far more than just access to microloans.We explore how Women’s World Banking is rethinking financial inclusion—looking beyond small-scale loans to other necessiti...
Published 10/19/24
Send us a textWe've talked a lot about how Private Equity Megafunds approach valuation when they purchase companies through LBOs. And we've spoken about their exits, either through IPOs or PE Secondaries. But we've never really talked about what happens during the YEARS in between! How do Private Equity companies actually grow their portfolio companies over the life of their investment? Enter: the portfolio group or operations team. This group works closely with executives at...
Published 10/12/24
Send us a textOur thoughts are with everyone who has recently been impacted by or is in the path of the devastating hurricanes this fall. In today's episode, we touch on the perplexing price action in the oil markets. The price of oil remains curiously low relative to what seem to be fundamental upward pressures, and we discuss a recent Bloomberg interview with Jeff Currie, Chief Strategy Officer of Energy Pathways at The Carlyle Group where he suggests that the upside risk to oil...
Published 10/09/24
Send us a textToday we are bringing back Carissa Jordan, who was in our incredible episode about problematic female managers (episode 55). She was a credit trader at Goldman Sachs, and she’s here to give us our long awaited Credit Trading 101 episode. We discuss everything about credit from its conception and origination in IBD — the investment banking division — Debt Capital Markets, and the Syndicate group, all the way through to investment grade, high yield, distressed.Carissa walks ...
Published 10/05/24
Send us a textWe are BACK, baby! We've missed you guys, and we're so sorry we've been MIA while we've been getting ready to launch our flagship self-paced course. Join the waitlist to make sure you have early access here: https://the-wall-street-skinny.mykajabi.com/waitlist-opt-in-IBDToday we talk about Apollo's quest to become a megalith in the private credit space, looking to double their Assets Under Management (AUM) from ~$700bn to $1.5tr over the next 5 years with support from the ...
Published 10/03/24
Send us a textThis is the last episode of Industry to appear on this feed! Follow The Industry | Unofficial Companion Podcast to HBO Max's Hit TV Show "Industry" Here if you want to hear more analysis of Indstury.Check out Public.com at the link http://public.com/wallstreetskinnyJoin the waitlist for our flagship course on IB and PE fundamentals!https://the-wall-street-skinny.mykajabi.com/waitlist-opt-in-IBDPublic Disclosure: All investing involves risk. Brokerage services for US ...
Published 09/28/24
Send us a textFrom your besties at The Wall Street Skinny comes a no-holds barred deep dive into every episode of HBO Max’s hit TV show “Industry”. We give you the skinny on what they get RIGHT, what they get WRONG, how it all works, and where the fictional drama intersects with stories from our own lives. Follow the show HEREJoin the waitlist for our flagship course on IB and PE fundamentals!https://the-wall-street-skinny.mykajabi.com/waitlist-opt-in-IBDPublic Disclosure: All investing...
Published 09/27/24
Send us a textYou've seen all over the financial press that the Federal Reserve cut its key interest rate 50 basis points at its meeting last week. And you've heard economists yapping in the news about "hard landings" and "soft landings" for the economy. But what does that actually MEAN?We break it all down with none other than Jamie Patton, co-head of Global Rates at TCW, a $200bn multi-asset manager headquartered in California. Jamie started her Wall Street career in Interest Rate Sales at ...
Published 09/20/24
Send us a textOur nerdiest episode ever, and we’re darn proud of it. Today we’re diving into Microsoft Excel and its role in Investment Banking. We’re discussing financial modeling, Excel culture, mechanics, best practices, and productivity enhancing tools like Macabacus, the gold standard for Investment Bankers around the world.Kristen gives a crash course in how to set yourself up for success, answering questions like "do I need to use a Mac or a PC?", "do I need an external key...
Published 09/14/24
Send us a textWe've heard your countless requests for a review of HBO Max's hit TV show The Industry, and we are buzzing with excitement about our new favorite show!!! We go over every single critical detail of Season 1, Episode 1 --- from how accurate the interview questions are, the sights and sounds of the trading floor, lifestyle in Investment Banking, all the jargon, and the mechanics of the ACTUAL TRADES depicted in this episode!!! This is the most accurate representation of...
Published 09/11/24
Send us a textThe biggest mistakes people make are in love and money. And how we do --- or don't --- talk about money can have a huge impact on our relationships. Today we’re joined by Libby Leffler, Founder & CEO of First (https://www.thisfirst.com) to discuss the good, the bad, and the misunderstood about prenuptial agreements ("prenups") when it comes to strengthening your financial and emotional happiness. So, who needs a prenup, and why? Why are more women tha...
Published 09/07/24
Send us a textToday we are joined by Dan Nathan, CNBC Fast Money superstar and co-host of podcasts On the Tape, OK Computer, and Market Call. After three decades in the industry on both the buy side (at legendary hedge funds like SAC) and the sell side (at firms like Merrill Lynch), Dan is an expert on the equity markets and options trading. Dan shares his insight into the evolution of the equities trading business, the insider secrets of what it’s like being a pundit talking abou...
Published 08/31/24
Today’s episode is for all of you buy side and private markets junkies. We are joined by Ted Seides, who is the host of the Capital Allocators and Private Equity Deals podcasts, soon to be thrice-published author, and expert in the Alts — the world of hedge funds and private capital investing.One of Ted’s superpowers is understanding both sides of the alts investing coin. He started his career working with David Swensen at the Yale endowment and ultimately went on to lead his own multib...
Published 08/24/24
The Skinny On Payrolls REVISEDHypothetical Google Split Why Companies Use Cash vs. Stock in M&AGet your FREE Resume template HERECheck out Public.com at the link HEREFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/Public Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment ad...
Published 08/22/24
Sign up for our FREE newsletter here: https://the-wall-street-skinny.beehiiv.com/subscribeToday, we are sharing the MOST IMPORTANT tips for crafting a finance resume. We get it --- no one enjoys writing a resume. But we are taking the guesswork out of the process. We are clearing up common misconceptions and teaching you EXACTLY what your interviewers are looking for when it comes to this piece of the application process.Learn to control the narrative, maximize the impact of your accomp...
Published 08/17/24
Sign up for our newsletter here! https://the-wall-street-skinny.beehiiv.com/subscribeToday we chat about the WSJ article: "How Bank of America Ignores Its Own Rules Meant to Prevent Dangerous Workloads". https://www.wsj.com/finance/banking/bank-of-america-worker-death-policies-89eff5f6We get into the announced Mars acquisition of Kellanova, as well as who the heck Kellanova is, what a spin off is, why the deal was likely done all cash. And finally we chat about the lessons we can l...
Published 08/14/24