Who Will Be the Next Larry Fink?
We applied our usual three tests for a new line of business. It must have the potential to be hugely rewarding for investors. It must add to Blackstone’s intellectual capital. And it must have a 10 in charge
Stephen A. Schwarzman • What It Takes
"dominating the present with insights."
Kyle Harrison • Markets, Markets, and Markets
“What we want to do is highlight the good brokers,” said Brad. “We need the brokers who are doing the right thing to get rewarded.” That was the only way around the problem. Brad had asked for the banks’ permission to highlight the virtue of the ones that behaved relatively well, and they had granted it. “Speaking about someone in a positive light
... See moreMichael Lewis • Flash Boys
When ETFs changed hands, Jane Street was often present to take an ant-bite-sized piece of the transaction. The role of the Jane Street trader—one of the biggest sources of profits—was to keep the prices of all of these ETFs in line with the assets inside of them. The price of any pool of assets should always, in theory, be equal to the sum of the a
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
In the past two years, Tiger has developed an entirely unique investment platform in venture/growth based on Maximum Deployment Velocity and Better/Faster/Cheaper Capital for Founders. These two pillars represent the most significant development in venture strategy since the advent of the growth fund7, and the best way to explain their significance... See more
