Weekend Reading
Writing worth reading - 21st/22nd September 2024
Secondary Financings Offer Lifeline in A Slow Exit Market by Gene Teare
“The current market is more like 2015 with options to deploy capital in mature high-quality businesses at a 30% discount to intrinsic value, by being a liquidity provider, he said. As a firm, G Squared is not taking as much execution risk as the companies are well established. The risk is in pricing …”
Gary Stevenson claims to have been the best trader in the world. His old colleagues disagree by Robert Smith
“We wondered if the statement would be a little more qualified in The Trading Game, which chronicles both Stevenson’s heady rise on Citi’s trading floor and his eventual acrimonious exit from the US banking giant. Maybe Stevenson meant he was the best trader in Citi’s foreign exchange division, or perhaps just on the STIRT desk that’s short-term interest rate trading where he worked? It would still be no mean feat for such a youngster. …”
Your Personality, Explained by Your Annoying Household Habits by Nicole Rose Whitaker
“You’re a visionary who lives by the maxim “There’s got to be a better way.” And that way is yours. Your unbridled and unfounded confidence helps you discover new paths, even if they turn out to be ones that others have abandoned with good reason. To your credit, you’re willing to risk physical harm executing your creative yet lazy strategies, because there’s nothing a $12.99 plastic pole can do that your God-given right leg can’t do better, notwithstanding a soggy sock and that cramp in your hamstring…”