A Quote by Adam Lashinsky

ICG became a dot-com joke, a one-stock example of extreme hubris on the part of its management and the investment bankers and sell-side analysts who embarrassed themselves by pumping it up.
During the dot-com days, one could take just about any company public and reap fortunes. All you had to do was to make sky-high projections for growth, say you were in the Internet space, and go along with unscrupulous investment bankers and their analysts.
The stock market's handling of new technology is kind of a joke. We have seen CNBC, CNNfn, Bloomberg, and the like turn into home-shopping networks for stocks. Fund managers and analysts go on TV and sell what's shiny and easy to sell.
In the past the analysts were the department you never saw. They were the nerds at school. You went to see the investment bankers and maybe the salesmen but the Chinese walls divided them from the analysts. But new technology and the Internet changed all that.
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." ... The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
Most business schools are geared toward churning out investment bankers and management consultants.
Thank you, Occupy Wall Street. With your vivid example of anticapitalist squalor, I've been able to convince all three of my children to become investment bankers.
Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?
The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.
Most people sell stock to pay taxes, but I didn't want to sell any stock.
Make your money on the buy, not the sell; this is true in any investment whether it's real estate, business, or the stock market
The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor.
It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.
The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it's not going to go up, don't buy it!
An unsolicited sales pitch may be part of a fraudulent investment scheme. Exercise extreme caution if you receive an unsolicited communication - meaning you didn't ask for it and don't know the sender - about an investment opportunity.
It's natural that you'd have more brains going into money management. There are so many huge incomes in money management and investment banking - it's like ants to sugar. There are huge incentives for a man to take up money management as opposed to, say, physics, and it's a lot easier.
The dot that became a speck that became a blob that became a figure that became a boy
This site uses cookies to ensure you get the best experience. More info...
Got it!