Finance
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A VC: Chasing Returns
I've spent much of this long weekend curled up on the couch reading Too Big To Fail , Andrew Ross Sorkin 's history of the financial crisis of 2008. I've wanted to read this book since it came out last year but it took me a while to get to it. I'm enjoying it very much. As I read about bank after bank waking up and smelling the coffee too late, I am reminded of the risks of chasing returns. In the case of the financial crisis of 2008, the banks were chasing returns in the mortgage markets and the related markets for CDOs and other exotic derivatives.
Today, O Dearest of Long-Suffering and Put-Upon Readers, Your Temperate and Even-handed Critic of All Things Vampyromorphida was led by circuitous paths to an interesting post by a former denizen of that penumbrous region of the abyssal plain known as Goldman Sachs. Said exile, Jacki Zehner, wrote a long, rambling, but ultimately fascinating disquisition entitled “ Why I Left Goldman Sachs ” in response to Greg Smith’s now-famous self-immolation last week in The New York Times . By her own description, Ms Zehner was the first female trader promoted to partner at the Squid, a 14-year veteran of the firm, and a proud member of both the Executive Office and the all-powerful Partnership Committee. In other words—and in addition—she was a self-described “culture carrier” of the firm. This, as you may suspect, is very important at Goldman Sachs.
The Epicurean Dealmaker
This is my second guest post review about Marketclub services. My first post Free Mini Email Trading Course was a big success, we've got many feedbacks from our readers, this definitely helps us to improve our service to all of you. You can read that post at here . Researching and planning trades can take hours, and let's face it, traders don't have hours to waste.
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