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From Vogue to Wall Street
- Gretchen Morgensen started as a secretary at Vogue, later writing their personal finance column.
- She transitioned to Wall Street as a stockbroker during a sex discrimination case, witnessing firsthand how customers' needs weren't prioritized.
1983 Tech Bear Market Impact
- The 1983 tech stock bear market, driven by overvaluation, taught Morgensen the impact of market downturns on investors.
- This experience, coupled with observing Wall Street's inner workings, shaped her critical perspective on finance.
Private Equity's Big Players
- Morgensen's book "These Are the Plunderers" focuses on large private equity firms like Apollo, Blackstone, Carlisle, and KKR.
- These firms, due to their size and influence, set the industry's tone and have a significant impact on the market.