The Wall Street Skinny

Send us a textOzempic and similar drugs are dominating the conversation about culture, health, and financial markets right now.  But what does it mean for Wall Street --- not just for investors, but also in terms of its impact on the social norms of the industry?  **TRIGGER WARNING:  This episode contains a discussion of eating disorders and disordered eating.**After all, the world of Wall Street has made huge strides on the diversity front with one notable exception: body diversity.  In this episode, we discuss many of the very real problems with navigating body image in highly competitive, stressful environments where conspicuous consumption of food and alcohol may be an unwritten part of the job description.  We are joined by registered dietician Lindsay Lusson to explore the physiological and psychological impacts of trying to conform to these pressures, and what shifts we are seeing with new drugs like Ozempic AND a new generation coming up through the ranks.  Lindsey Lusson is Registered Dietitian who specializes in disordered eating and infertility. She has both personal and professional experience with Hypothalamic Amenorrhea (HA) or period loss related to over exercise and under eating. Her experience led her to become passionate about educating and empowering others to advocate for their health and take charge of their fertility through proper nutrition.  She has helped over 250 women recover cycles and restore their fertility naturally.Credentials:Education, Credentials & Training•Bachelors of Science in Nutrition from Texas A&M University•Masters in Exercise and Sports Nutrition from Texas Woman’s University•Certified Specialist in Sports Dietetics (CSSD 2013-2018)•Registered Dietitian (RD)•Board Certified Health Coach (NBC-HWC)Follow Lindsay on Instagram and TikTok @food.freedom.fertility, and check out her podcast "The Period Recovery and Fertility Podcast" on your favorite platform.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.

Send us a textWant to get an elite job on the buy side?  A recruiter --- otherwise known as a headhunter --- plays a significant role in the recruiting process for private equity recruiting.  In today's episode, we dive into  the private equity recruiting process with Kate Kourlis and Cameron Boland of GoBuyside.  We explain the role of recruiting firms, what to expect in the interview process, compensation, and how this process is evolving in real time.  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.Join the GoBuyside platform!https://www.gobuyside.com/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.

Send us a textWhether you are an investment banker working with the hottest new tech start up to take it public, working in private equity and 'exiting' an investment, OR you're considering a role in a startup with the goal of one day hitting it big, you must understand the critical function of IPOs in the lifecycle of a company.  In today's episode we use two companies that exemplify the classic 'sponsor backed IPO;, Birkenstock, and a more 'techy' IPO, Instacart, to answer the questions:- HOW and WHY would a company go public?- What is the role of an investment banker in the process?- What are the fees?- What is the difference between primary vs. secondary shares?- What is the difference between valuation and pricing?- What is the purpose of the IPO discount?- What is a greenshoe and why is it used? And much much more!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.

Jane Licurse, a former McKinsey consultant and Harvard Business School alum, shares her journey into consulting and the intense preparation behind it. She discusses the unique challenges of consulting interviews and the importance of a strong personal narrative. Jane opens up about the demanding nature of consulting careers, especially post-COVID, including the struggle with burnout and the value of soft skills. She also emphasizes the significance of storytelling and influence in professional growth, making her insights crucial for anyone considering a career in consulting.

Send us a textAnother listener favorite Q&A episode, where Kristen and Jen tackle real questions submitted by our listeners.  We use these questions as teaching tools to explain concepts far beyond the scope of any individual question, so be sure to stay tuned to learn valuable insight about the world of Wall Street.  Our questions in today's episode include:1.  How does changing the WACC (Weighted Average Cost of Capital) impact valuation when running a DCF (Discounted Cash Flow) analysis? What are the different theories of optimal capital structure and how does this all fit into the real world when companies are choosing whether to issue debt or equity? 2.  How do I ace my interview in a markets-based job, like the sales and trading division of an investment bank?3.  Why do we need circularity in investment banking models?4.  How do I know when to stop "buying the dip" when trading the markets?If you have any questions you'd like answered in a Q&A episode of our podcast, please write to us at questions@wallstreetskinny.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.

Send us a textSo you've finally landed your first job on Wall Street at an investment bank, consulting firm, hedge fund, private equity fund, asset manager, or venture capital fund....NOW WHAT?Navigating the ins and outs of housing, transportation, clothes, food, and entertainment your first year on the job --- especially in New York City, the world's most expensive place to live --- can be incredibly daunting.  We share what to expect, lessons learned, and helpful tips to set you up for success from day one.(Disclaimer: nothing in this episode is intended as financial or tax advice, please consult a qualified tax professional)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.

Send us a textIn today's episode we sit down with Camilo Acosta, founder & general partner of Perceptive Ventures, an early stage venture firm, and walk through everything you want to know about Venture Capital (“VC”). We cover differences between Angel Investing vs. VC, what a company needs for different series rounds (pre-seed, seed, series A, series B and beyond), how venture capital differs from Growth Equity, what it takes to get into the Venture Capital world, and much much more.Camilo Acosta is the founder & general partner of Perceptive Ventures, an early stage venture firm focused on AI-first investments across the U.S. and Latin America. Prior to founding Perceptive, he built generative AI products at Meta used by millions of people. Before Meta, he built a machine learning based payments company that partnered with businesses worldwide before it was acquired in 2020. He holds a BA from Princeton University, and is based in San Francisco, California.  You can follow him on Twitter @camilobacostaFor 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.

Send us a textWhat is a company "worth"?  We are tackling this question in a multi-part series, starting with valuation 101.  We walk through the three primary methods of valuation: the discounted cash flow model ("DCF"), public comparables, and precedent transaction/acquisition comparables analysis....and explore how they fit together on what's called a Football Field.  Also, we explore the meaning behind the jargon you hear about all the time ---Iike EPS and P/E ratios --- but might not fully understand!  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.

Brian Weinstein, Head of Fixed Income at Morgan Stanley Investment Management, shares his rich expertise in fixed income investing. He dives into the mechanics of fixed income, the current market landscape, and the impact of economic policies on yields. Brian tackles the significance of the yield curve in predicting financial trends. With insights on career pathways in asset management, he emphasizes essential skills for success while exploring the distinctions between active and passive investing strategies.

Listeners get a humorous glimpse into a chaotic night involving a gas smell leading to an evacuation. The discussion delves into the Treasury Stock Method, revealing its impact on equity value and earnings dilution. Relative value trading is explored through the lens of the coffee industry, emphasizing fixed income strategies. Bond risks linked to leveraged buyouts by private equity firms are highlighted. Finally, the yield curve is examined for its crucial role in economic forecasting and investment decision-making.