Welcome @perfiliev who left his Quantitative Analyst position at Goldman Sachs to join us!
...there was a bit of time in between but you get it ;)
How long until Wall Street realizes their talent is burning suits to join GRIT?
Time for 🧵
2/ In one corner: Goldman Sachs.
An old, stodgy investment bank with conflicts of interest, literal printers, and stuffy suits who still thinks the 60/40 is the perfect portfolio.
3/In the other corner: GRIT CAPITAL
A cutting-edge financial media company helping the masses make money in stocks with zero offices, no paper, no suits, the 80/20 portfolio, and *diamond hands*
Who would you choose?
4/ Sergei chose GRIT!
He comes to us most recently from Goldman Sachs where he was a quant analyst
He has 10+ years of experience in roles across Equity, FX and Commodity markets and is constantly putting out amazing content!
1. Not interconnected to the global financial system:
- Debts are mainly owed to Chinese companies.
- Didn't happen overnight, problems started last year when the pandemic slowed down sales.
- Anyone that still owns their debt may need to find another job.
2. No blowout financial crunch:
- TED spread FINE
- TED spread is difference between the interest rate on short-term U.S. government debt & the interest rate on interbank loans.
- In 2008, the TED spread exceeded +300 bps, breaking previous record set after the crash of 1987.
Today is Warren Buffett's 91st birthday. With a net worth of over $100 billion dollars, he is undoubtedly the greatest investor of all time. To celebrate, here's a thread of 91 life lessons from the investing genius:
1. You only find out who is swimming naked when the tide goes out
2. It takes 20 years to build a reputation, and five minutes to ruin it