If we think about mergers and acquisitions, one of the standard results in the empirical finance literature is that acquiring firms do fairly poorly. How do you think about this process if it doesn't pay off? Do you somehow not trust the data? You would challenge the interpretation of the result or how good are acquisitions for the acquiring firm and what goes wrong? So i wouldn't challenge the mean, li tomili,. It's likea similar storyo active management, in some ways, right? Like the fact that m and a is bad doesn't mean that your murger will be bad, right?
Is Matt Levine a modern-day Horace? Like Matt, Horace has a preoccupation with wealth and the law. There’s a playful humor as he segues from topic to topic. An ability to read Latin. And many of Horace’s letters are about the length of a Bloomberg View column. QED, says Tyler.
So Matt, the Latin teacher turned lawyer turned investment banker turned finance writer, recently joined Tyler for a conversation on Horace and more, including cryptocurrencies, Buffy the Vampire Slayer, Nabakov, New York, Uber, financial regulation, market volatility, M&A, whether finance is nerdy, and why panic is central to the Matt Levine production function.
Read a full transcript enhanced with helpful links.
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