Tag: Investment Banking

Stop Donating to Your Elite University

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During the peak of the pandemic, John Katzman and I had a standing phone date at 7:30 on Friday mornings. Katzman usually walked along the beach near his house in the Hamptons while we spoke. I’d sit in my office, try to visualize the beauty of Long Island’s southeastern shore, and listen.

Katzman is astonishingly knowledgeable about the American educational system. He founded Princeton Review, the test-prep behemoth, in the early 1980s, and has founded several other start-ups since.

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Big Tech Founders Are America’s False Idols

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My first job out of UCLA was in the analyst program at Morgan Stanley, in the 1980s. Like most of my analyst class, I had no idea what investment banking was—only that we were at the helm of the capitalist bobsled and could make a lot of money. We paid scant consideration to the wider role finance played in society. We were charged with birthing the apex predator of the capitalist species, the public company. Our economic mission, we

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Dow um 1.000 Punkte nach unten, da sich die Verluste beschleunigen, Aktien stehen vor der schlechtesten Sitzung seit Mitte Juni

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Der Dow brach in der letzten Handelsstunde am Dienstag um mehr als 1.000 Punkte ein, als sich die Verluste beschleunigten, angeführt von Technologieaktien, während die Anleiherenditen stiegen, sodass alle drei Aktien-Benchmarks nach einem unerwarteten Anstieg im August auf dem Weg zu ihrer schlechtesten Sitzung seit mindestens Mitte Juni waren Verbraucherpreisinflation.

Was ist los

  • Der Dow Jones Industrial Average DJIA,
    -3,97 %
    fiel um 1.070 Punkte oder 3,3 % auf 31.307.

  • Der S&P 500 SPX,
    -4,35 %
    fiel um 148 Punkte

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