$2 million coming in the morning Mike from
#jefferies
looking for your match. More to other Israeli humanitarian charities. Thank you for your leadership and heart.
In the wake of thisย weekendโs appallingย terroristย attacks on Israel,
@Mdais
ย paramedics & volunteers have been working around the clock to save lives, performing dangerous & heroic work. Join me in supporting Magen David Adom, & I will match your contribution:โฆ
A real 28 year oldโs finance biz card from the 80โs!
โSubtle off-white coloring, tasteful thickness of it, even has a watermark.โ
#silianrailonbone
New total is $13mm!
@MikeBloomberg
matched for $2mm, Mark & Erica Gersen matched for $2mm, and $400k more from inspired clients and employees. Thank you all!
My 10-Day covid self-quarantine is over tomorrow. I am thankfully 100% healthy thanks to vaccines and booster. Here are 10 thoughts from my experience. Stay safe and strong all!
Note to junior and mid-level folks from Credit Suisse (and other banks) who had recent career and life changing events, just like I did 33 years ago.
What I learned about myself and the world when Drexel Burnham Lambert disappeared:
โHe was an amazing Excel guyโ.โ.โ.โEveryone in the bullpen used his templates.โ -Financial Times
@litcapital
may be the second most successful ex-jef exec in history behind
@DanielSLoeb1
! Can one of you guys hire me?! โค๏ธโค๏ธ
Itโs been 7 years since I created Litquidity as a meme page on IG
Over the years, Iโve been able to build this into something incredible and meet a lot of amazing people along the way
Thx
@ft
&
@MADarbyshire
for the profile. Iโm just getting started ๐ค
10 random thoughts from a long weekend:
1. In times of a potential systemic financial crisis, governments will re-write the rules to protect as many innocent people as possible, and that is a good thing.ย Thank you Switzerland.
When markets are in the crapper, the news cycle is relentless in blame, fear & despair. When markets approach highs, it is an unsustainable โmelt-up,โ not based on value. How about we just appreciate the good part of the cycle and remember that the best investing is long-term.
We at
#jefferies
just pushed back general RTO to Oct. 4 vs Labor Day. We will always adjust as facts present themselves. Vaccines will be mandatory to return, and hybrid solutions will be embraced. Common sense will help us protect our trusted & valued $Jef partners.
#onefirm
Haha! Maybe the best advertising for
@jefferies
is that our customers sell us their โsmall boatsโ after they can easily upgrade!
@TilmanJFertitta
!
Jefferies boss sells $65mn in stock to buy a customerโs yacht via
@ft
@HandlerRich
answers the age old question: Where are the customerโs yachtโs?
The time to void someoneโs โexorbitantโ pay contract for exponentially increasing shareholder value is before they exponentially increase shareholder value.
Capital structure optimization should be left for Boards, mgt and shareholders to decide. Taxing buybacks up to 4% vs returning capital to stakeholders (individual investors) seems arbitrary and manipulative. Should we give companies a 4% tax credit every time they issue stock?
No current/former Treasury Sec. asked little Jefferies to speak out against a US default. All politiciansโ jobs are to make peopleโs lives better. Stop the nonsense and fix this now vs acting like a hero after you harm our collective reputations by not paying our debts on time.
Bill Ackmanโs wife, Neri Oxman, plagiarized multiple paragraphs of her 2010 doctoral dissertation at the Massachusetts Institute of Technology, according to a report in Business Insider.
My interview with
@calcalist
on the tech industry in Israel,
@BillAckman
โs smart investment in the Tel Aviv Stock Exchange (TASE), global capital formation, ratings and most importantly, the heartbreak due to the pain of all innocents.
Full Story:
10. Good people unfairly wind up in bad spots when their company is pulled out from under them. Fortunately, good people land on their feet and eventually (but not today) will be better for the experience.ย Lend a helping hand. It can happen to any of us.ย It did to me.
It drives me nuts that our politicians will take us to the precipice before solving the debt ceiling and then expect a heroโs ovation for not driving us into the abyss, but it beats the alternative.
Wow. I graduated in โ83 and was sure I was in my prime. Now I see what a then 52 year old accomplished during these same past 37 years. Highly motivating for someone who is now 59. Thanks
@SahilBloom
for sharing.
In 1983, a 52-year-old senior executive at Texas Instruments was passed over for the company's top job.
He would go on to found and build the most strategically important company in the world.
Who's up for a story?
๐๐๐
I was hacked today and someone tried to use our assistance in the Ukrainian crisis to defraud people who follow me. I am sorry for the inconvenience. Clearly despicable behavior. I am back.
It can be scary and lonely to be a contrarian. It may also take time to see if you are right. But if your goals are long-term, the best time to invest is when all others are selling. Existing Team
@Jefferies
cannot wait to start โ24 with our new partners from around the globe!
#jefferies
will donate our global trading revenues on August 16th for humanitarian efforts to aid our friends in need from the horrible
#MauiFires
.
Thanks to our clients, shareholders and 5,300+ employee-partners for allowing us to do our small part.
Today I have the honor of speaking at commencement to the University of Rochesterโs graduating class of 2023!
My list of the 100 things I wish I knew when I graduated college:
Today Team
#Jefferies
is wiring $6 million to 45 amazing charities to help Afghanistan refugees, military heroes, and victims of the Haiti disaster.
Click link for detailโก๏ธ
@HandlerRich
Interesting. I was also 29, unemployed and living in NYC when i went to LA for a wedding and got an interview at Jefferies as a high-yield analyst. I was several years older than the other analysts and a few months younger than the young man running the desk whose name Richie.
We independently investigate every complaint relating to Jefferies, even ones that are not presented as complaints through normal channels but are instead posted on random sites that are known for misinformation.
SEC Charges Egan-Jones Ratings Co and CEO
In 2011 a corrupt short attack on
#jefferies
was instigated by a โrating agencyโ who falsely insisted we had massive exposure to risky sovereign debt. The intent was destroy $jef. Today the
#SEC
got them! ๐๐ฝ
Couldnโt be prouder of team
@Jefferies
for raising $7mm on a quiet Wed in the middle of August for humanitarian aid for those affected by the
#mauifires
.
10 years ago,
#Jefferies
was unmercifully attacked by a โrating agencyโ and massive short sellers with lies including sovereign debt exposure. Through teamwork, tenacity, commitment and integrity, our team and truth prevailed. I could not be prouder of our people.
#jefferies2021
While cleaning out my closet, I found my most current (1986) resume. I posted it last night on my and got a lot of questions/comments. Here are some random musings after the resume.
A pleasure and honor to spend time with my good friend Marc Rowan from Apollo at our keynote lunch in front of 360
@Jefferies
global Investment Banking Managing Directors.
I answered 100 questions for
@litcapital
โs followers. Here are a few and the complete list in on my insta highlights (
@handlerrich
) and this link:
Dan I remember that and him like it was yesterday. He once came to a dinner to hear me present and I couldnโt concentrate because I kept thinking โwhy is he listening to me when all of us should be listening to him?!โ
Remembering Michael Price, a Legendary Value Investor
One of my great honors as a salesman at
@jefferies
working for
@HandlerRich
in 1991-4 was covering Mutual Shares for distressed debt. A โsmart moneyโ account, I learned a ton talking to his team.
3. If you are going to earn extra yield in the debt markets by purchasing junior securities that can turn into quasi equity when there is a big problem, is it really such a shock when it happens?