Money Stuff: The Podcast Xs and Os: Trader U, VORB, QXO
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Jun 21, 2024 Katie and Matt dive into the fascinating world of hedge fund training programs, humorously discussing the idea of a 'Trader School' for future investors. They tackle the complexities of mergers and acquisitions, including the tangled tale of Virgin Orbit's struggles. Along the way, they explore the challenges posed by distractions in decision-making and uncover the intriguing dynamics of the building products distribution market, spotlighting the curious case of a New Jersey Deli in the context of reverse mergers.
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In-House Trading Schools
- Hedge funds are creating in-house trading schools to develop talent rather than hiring experienced traders.
- This is partly due to banks being a less reliable talent source and partly because these funds have grown massive.
Audit a Trader School
- Matt Levine expresses interest in auditing a class at a trader school.
- He invites any multi-strategy hedge fund to host them for a field recording of their podcast.
Dream Job
- Matt Levine shares his dream of working in finance for six months and then doing his media job for the other half.
- He questions who would hire him under those conditions.