The Wall Street Skinny

Kristen and Jen
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Jan 13, 2024 • 48min

43. Hedge Fund Investing: Point / Counterpoint

In this podcast, the hosts engage in a friendly debate with comedian Anish Mitra about hedge fund returns in 2023. They discuss the performance of hedge funds compared to the S&P 500 and the changing landscape of fund performance. They explore the influence of celebrity portfolio managers and the benefits of a longer investment horizon.
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Jan 6, 2024 • 34min

42. Networking 101

Learn about the importance of networking and building authentic relationships. Discover tips on starting conversations, conveying negative information, and making networking requests. Hear about the benefits of using email templates and the significance of genuine connections. Get insights into LinkedIn etiquette and maximizing its impact. Plus, enjoy holiday chaos stories and a special offer for financial prep courses.
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Dec 31, 2023 • 59min

41. Caesars Part III: Interview with Sujeet Indap, Author of Caesars Palace Coup

In this episode, Sujeet Indap, Financial Times writer and author of 'Caesars Palace Coup', discusses securitization, distressed debt investing, and the future of private credit. He shares insights from interviewing industry titans and delves into the role of women in private investing. The podcast also covers the high-profile leverage buyout of Caesars Palace, the complexities of its capital structure, and the challenges of writing a book on a controversial event.
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Dec 23, 2023 • 58min

40. Distressed Debt and Restructuring 101: Caesars Palace Coup (Part II)

In this podcast, Sujeet Indap and Max Frumes, authors of the book Caesars Palace Coup, discuss the distress-for-control maneuvers and questionable asset transfers that Apollo spearheaded after the $30bn Leveraged Buyout of Caesars in 2008. They explore the showdown between Private Equity titans and creditors, highlighting the manipulation of legal and capital structures. Other topics include holiday plans, dealing with water damage, LBO structure, capital structure and risk in investments, Apollo's influence, Opco's financial struggles, and strategies in taking on Apollo in a distressed debt and restructuring situation.
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Dec 16, 2023 • 36min

39. LBO Deep Dive: Caesars Palace Coup, Part I

In this episode, the hosts do a deep dive into a $30bn LBO of Caesars Palace by Apollo and TPG. They discuss the deal structure, financing terms, and motivations of private equity titans. The podcast explores leverage buyouts, restructuring, and the roles of parent company, operating company, and subsidiary. It also provides an overview of LBO structure and the background of the deal.
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Dec 9, 2023 • 35min

38. Predicting the "Future" (Fed Funds Futures 101)

Send us a textInterest rates drive everything in the markets, and expectations of rate cuts or hikes by the Fed can move the markets and make or break fortunes.  But how do we know what 'the market' expects?  In today's skinny mini we break down the simple truth behind where numbers like 'the market expects there is a 72% chance of a rate cut' comes from and why the current situation is wildly contradictary.For a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE! Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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Dec 2, 2023 • 1h 14min

37. Private Equity and Hedge Fund Recruiting Feat. GoBuyside (Part 2)

Send us a textPart II of our conversation with Cameron Boland and Kate Kourlis from executive recruiting firm GoBuyside.  Our focus shifts to off-cycle recruiting for private equity firms and hedge funds.  We discuss strategies for navigating your search for your next career, identifying opportunities that set you up for success, do's and don'ts for negotiating the offer, and how recruiters are incentivized to help you succeed.  We also tackle the CRITICAL listener question of: what do I need to know if I'm an international applicant and not a US citizen?  Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development.  GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles.To explore GoBuyside's platform, please visit GoBuyside.comFor a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE!  Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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Nov 25, 2023 • 53min

36. Wall Street Holiday Party Horror Stories

Send us a textHappy holidays from The Wall Street Skinny!  We are giving your brain a bit of a break this week.  We share some fun stories of holiday parties gone terribly awry, rules for navigating vacation and time off, and tips on how NOT to get fired right before bonuses are paid.  We discuss some shifts over the past decade and some prevailing attitudes toward work/life balance on Wall Street as societal expectations change.  For a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE!  Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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Nov 18, 2023 • 1h 17min

35. SPACs 101: AppleTV’s “WeCrashed” Explained

Send us a textIn today's episode we use WeWork as a case study to break down SPACs, for a deeper dive into the IPO process, the bankruptcy and we explore how the world's most sophisticated venture capital and private equity investors came up with a $47bn valuation for a company when the math didn't justify it at all….In order to keep it interesting we discuss the  beginning of the WeWork story through the lens of "We Crashed",  the Apple TV miniseries about WeWork.starring Jared Leto and Anne Hathaway.The Apple TV Series: WeCrashedThe Failed IPO:1. Scott Galloway Blogs (No Mercy No Malice)https://www.profgalloway.com/wewtf/https://www.profgalloway.com/wewtf-part-deux/2. Aswath Damodaran DCF (Musings on the Market)https://aswathdamodaran.blogspot.com/2019/09/runaway-story-or-meltdown-in-motion.html3. WSJ Article Sept 2019https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827SPAC1. BowX Acquisition Corp S-1https://www.sec.gov/Archives/edgar/data/1813756/000121390020020580/f424b40720_bowxacq.htm2. WeWork SPAC Marketing Documentshttps://www.wework.com/ideas/wp-content/uploads/sites/4/2021/03/WeWork-Management-Presentation-March-2021-vF-1.pdfFor a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE!  Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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Nov 11, 2023 • 1h 16min

34. Jane Street, FTX, and Crypto: Michael Lewis’ “Going Infinite” Explained

Send us a textA job in Private Equity isn't the highest paying or even the hardest to get... it's actually a job at high frequency trading firms like Jane Street, highly secretive Wall Street firms you've never heard of.  So what actually takes place in those interviews and what do those traders even do? In Michael Lewis's new book, Going Infinite: The Rise and Fall of Sam Bankman-Fried ("SBF"), Michael Lewis tells the absolutely crazy story of SBF,  crypto, building his crypto exchange FTX, building his own trading firm Alameda Research, Effective Altruism ("EA"), the scandal that took him down leaving him with up to a 110 prison sentence AS WELL AS a sneak peek into these super secretive firms starting from the interview process to some of the craziest trades ever, including one election trade in 2016 that led to a $300mm loss.Michael Lewis is the author of other quintessential books anyone who wants to work on Wall Street must read including The Big Short, Liar's Poker and others. Resources mentioned in the episode:1. Matt Levine's Bloomberg Essay: "The Only Crypto Story You Need"https://www.bloomberg.com/features/2022-the-crypto-story/2. Odd Lots Podcast: https://podcasts.apple.com/us/podcast/odd-lots/id1056200096Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Workshttps://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191For a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE!  Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

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