Bought a Patagonia vest just for this video LOL 🖥Wall Street Prep🖥 ► Use code RARELIQUID for 20% OFF on any course! ► gv142.isrefer.com/go/rliquid/rareliquid/ 🚀Links Referred to in This Video🚀 ► My AI Newsletter - rarecandyai.com/ ► How to get into investment banking (SIGN UP) - forms.gle/wt4cZrezbxVgNzGUA ► The Resume That Got Me Into JPM - rareliquidcareers.com/
@rareliquid haha patagonia vests are actually very versatile, not a bad purchase. What did you wear when you were in banking? I've heard it's pretty chill on the Westcoast.
The higher up you are in IB the more important legal aspects become, e.g. governance, exit rights, noncompetes etc. If you move to the buyside you can't leave these to the lawyers to agree amongst themselves
i didnt comment on this but actually you would NEVER have a lawyer try to alter a deal and confront a banker like Louis does on this show haha it's entirely unrealistic. everything comes from the management team's desires and the bankers are the middlemen who negotiate with each other and run the process. the lawyers play a crucial part in explaining what is allowed and not allowed during the deal and advise the client + bankers but would not try to alter the outcome of the deal
Love this vid, also been enjoying watching through all your vids. I know Lauder's interspersed in pretty much all of them but I would really appreciate a video fully dedicated to Lauder, e.g. your experience with the OPI, approaching papers, overall thoughts, etc.
From my understanding, Sidwell wasn't an outside banker who got the mandate for Giannopoulos Holdings - he actually worked for Giannopoulos as his right-hand man. This is why I'd cringe when he called himself a banker because at that time, he was a private equity guy. Even when he spun out of Giannopoulos Holdings to start his own firm, a hedge fund, the show still called him a banker which wasn't true.
Billions is best show. I worked in real estate fund management and we had team of lawyers on retainer. We just saw them as a service provider that worked for us. We had a $2.6 billion fund, so probably 70% of their income was from us
The only caveat to the stock reaction I would add is that the movement really depends on how likely the market thinks the takeover bid actually is. In this case, you are correct in that if the CEO is on trial for murder, the market will gain confidence the takeover bid will prevail and the share price will rise to the tender offer. However, if the market believe it is unlikely, the price won’t rise to the takeover bid.
rareliquid, you really should do season 4 episode 1's fiasco, it's a hostile takeover that mike works on (AS AN INVESTMENT BANKER). Really solid stuff and would love to hear your input, more suitable for a finance channel IMO
different type of investment banking though. the transaction side of ibanking (m&a, capital markets) was only featured for like 1 episode where the character died from overwork. the rest of the series quickly pivoted to sales and trading which isn’t what this creator is doing. sales and trading is very much its own world and generally speaking, it’s such a niche field that once you do that, it’s hard for you to transition out and do anything else
I saw this episode in 2015/2016 and started researching about IB and Wharton. Even applied fo B- Schools but with different intent. Through my research i realised that IB is not for me
@@rareliquid the prime examples were either other banks that were threatened by us in the syndication or incompetent leads that get defensive when pointing out mistakes. One of the banks rhymes with "Bells" 😂 Great content keep pushing!
Do i need to do cfa to become a hedge fund or private equity portfolio manager if i already have bba and mba in finance from average university. Pls answer
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Bought a Patagonia vest just for this video LOL
🖥Wall Street Prep🖥
► Use code RARELIQUID for 20% OFF on any course!
► gv142.isrefer.com/go/rliquid/rareliquid/
🚀Links Referred to in This Video🚀
► My AI Newsletter - rarecandyai.com/
► How to get into investment banking (SIGN UP) - forms.gle/wt4cZrezbxVgNzGUA
► The Resume That Got Me Into JPM - rareliquidcareers.com/
@rareliquid haha patagonia vests are actually very versatile, not a bad purchase. What did you wear when you were in banking? I've heard it's pretty chill on the Westcoast.
would love you to do industry and billions
+ Succession
You should definitely do industry
industry and billions are great, also would like to see you react to some classics like wall street, margin call, etc.
great idea
Looking forward to a video like this about Succession
The higher up you are in IB the more important legal aspects become, e.g. governance, exit rights, noncompetes etc. If you move to the buyside you can't leave these to the lawyers to agree amongst themselves
i didnt comment on this but actually you would NEVER have a lawyer try to alter a deal and confront a banker like Louis does on this show haha it's entirely unrealistic. everything comes from the management team's desires and the bankers are the middlemen who negotiate with each other and run the process. the lawyers play a crucial part in explaining what is allowed and not allowed during the deal and advise the client + bankers but would not try to alter the outcome of the deal
Love this vid, also been enjoying watching through all your vids. I know Lauder's interspersed in pretty much all of them but I would really appreciate a video fully dedicated to Lauder, e.g. your experience with the OPI, approaching papers, overall thoughts, etc.
From my understanding, Sidwell wasn't an outside banker who got the mandate for Giannopoulos Holdings - he actually worked for Giannopoulos as his right-hand man. This is why I'd cringe when he called himself a banker because at that time, he was a private equity guy. Even when he spun out of Giannopoulos Holdings to start his own firm, a hedge fund, the show still called him a banker which wasn't true.
This is very entertaining, would appreciate a series of these 🙏
coming soon~
you should do industry tv show next
This video is so fun. Thanks Ben!
Billions is best show. I worked in real estate fund management and we had team of lawyers on retainer. We just saw them as a service provider that worked for us. We had a $2.6 billion fund, so probably 70% of their income was from us
You should definitely do one for Billions!!!
i actually watched a lot of this show so i'd be down haha
I’d love more videos like these
The only caveat to the stock reaction I would add is that the movement really depends on how likely the market thinks the takeover bid actually is. In this case, you are correct in that if the CEO is on trial for murder, the market will gain confidence the takeover bid will prevail and the share price will rise to the tender offer. However, if the market believe it is unlikely, the price won’t rise to the takeover bid.
Ben, your patagonia vest seems a bit different versus the standard one at the shops (e.g., stitching, material)?
i bought it from the website just one of the ones i liked haha
rareliquid, you really should do season 4 episode 1's fiasco, it's a hostile takeover that mike works on (AS AN INVESTMENT BANKER). Really solid stuff and would love to hear your input, more suitable for a finance channel IMO
can you give more info bout the show fiasco cuz I couldn't find it anywhere...
@@keikaon I meant season 4 episode 1 of suits, sorry for confusion
will look into it thx!
Really nice video man. As a tip, for me the sound was quite echoey, presumably bc of the big space you're in. Just something to keep in mind :)
yeah it's cuz of the space i was in. will fix for next time!
U should do industry is about investment banking
different type of investment banking though. the transaction side of ibanking (m&a, capital markets) was only featured for like 1 episode where the character died from overwork. the rest of the series quickly pivoted to sales and trading which isn’t what this creator is doing. sales and trading is very much its own world and generally speaking, it’s such a niche field that once you do that, it’s hard for you to transition out and do anything else
This is awesome! I would love to see more
Nice video Ben. 1st video w/ Patagonia 👀
bought it just for this video lmao
I saw this episode in 2015/2016 and started researching about IB and Wharton. Even applied fo B- Schools but with different intent. Through my research i realised that IB is not for me
Yeah, do others, that was a interesting change of pace!
I've never watched Suits. Do you need to know a lot of linguo before going into it?
hm not really for the most part but the show does have a TON of cultural references haha
please do more. it was a great video!
Classic Patagonia finance bro vest 🤣
gotta look the part
interested in your thoughts on the shareholder infighting at Ubisoft
Just wait until you get to where Mike becomes an "investment banker"
I will say I've dealt with some very non politie / rude bankers on a couple syndications (and we were theoretically on the same team 😂).
true there are def some aholes
@@rareliquid the prime examples were either other banks that were threatened by us in the syndication or incompetent leads that get defensive when pointing out mistakes. One of the banks rhymes with "Bells" 😂
Great content keep pushing!
I like this content, let's do another one on Billions TV show.
will do~
great video!!
Really appreciated the video! But man..please…fix that cable management
6:17 🤣
Please do on Billions
This was fire as fuck !
Do more bro
will do bro
even include Yellowstone
What about the Shark Tank ~
o didn’t think of this one though that show in general is pretty legit since real money is involved
Banger
Ben:What's next??
definitely do the other shows this was a great watch
🙌
Do i need to do cfa to become a hedge fund or private equity portfolio manager if i already have bba and mba in finance from average university. Pls answer
Absolutely no, it may help but def not necessary
@@jacopomargilio5028 ty very much for your valuable time and response.
Do you always lounge in dress shirts and finance vests? Lol
bought it just for this + future videos lol
In reality, secretaries are Mid