What's Happening With the Pop?

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The pop is not the same thing as the bank's fee. The bank is doing work to try to get to a reasonable price, and then they're selling it for 15 % less than that price. When you have that set of dynamics, no one is sad when the stock goes up, ever one side. If the stock goes down, why would you overprice it?

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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