Activity

making my first mistake by neglecting to seize the chance to praise investment bankers and heap ridicule on the short work hours and Lilliputian ambition of commercial bankers

[...] Investment bankers had a technique known as the stress interview. If you were invited to Lehman's New York offices, your first interview might begin with the interviewer asking you to open the window. You were on the forty-third floor overlooking Water Street. The window was sealed shut. That…

There was a good reason for this. Economics satisfied the two most basic needs of investment bankers. First investment bankers wanted practical people, willing to subordinate their educations to their careers. Economics, which was becoming an ever more abstruse science, producing mathematical treat…