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TIP502: How to Run Your Own Private Equity Portfolio w/ Darin Soat
We Study Billionaires - The Investor’s Podcast Network
Warren Buffett - Is He Reliant on the Investment Bankers?
Warren Buffett is vehemently against investment banking. In fact, he recently subtracted 27 million from the fee of his purchase price because they were paying that to Goldman Sachs for the diligence. So I think it comes down to how he views the fees in terms of what the banks do. What are investment bankers doing? You'll hear the horror stories about junior bankers spending 80 to 100 hours a week working on four or five, six deals at once.
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