investment banking

“The first thing you have to leave behind is your transactional mindset, because when you're in investment banking, it's all about the next deal, your fee generating, and that's how you get paid. So doing the next deal is sort of what you live for. When you get…”

“What you bring with you is a much deeper knowledge of the capital markets than many people in investment management. I think there's a greater understanding of how does equity formation work over the life of a company?”

“People-intensive businesses often make the mistake of taking the producers, the people that are generating the revenues in one sense or another, whether in asset management it's portfolio managers and investment people, In wealth management, it's private wealt…”

“Of course, I could see clearly that there wasn't that many women staying there. It's not that they were not hiring women as analysts or associates, but it's such a hard work, and I don't know, for some reason, we were losing a lot of women along the way, and t…”

“As a investment banker, we would sometimes put together a transaction That we didn't necessarily, at least I didn't necessarily believe in, but if the shareholders, if the market wanted to buy it, and that was the market caveat emptor, that was their decision.”

“When you're in a services business or in the investment business, It's a relatively short-term game. You're in a hedge fund, maybe it's a one-year game, or maybe it's a quarter game. When you're in a banking deal, it's a transaction. When you're building a pro…”

“Being good at that doesn't mean you're a great investor. It means that you're good at people yelling at you. It means you're good at handling abuse and being incredibly inefficient with your time, but you thought you were efficient.”

“Hire young people right out of investment banking. Spend the next 10 years training them how to be a partner. That creates a great culture. It worked magnificently well for a long time.”