The Wall Street Skinny

Latest Episodes:

62. The Skinny on Kim Kardashian's PE Firm, "Risk Off”, & TikTok Ban Apr 25, 2024

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In today's episode we give you the Skinny on PCE (Personal consumption expenditures), we define "Risk Off", we chat about the news that Kim Kardashian has only raised $120mm of her $1-$2Bn target for her Skky Partners PE fund, talk Netflix and Meta earnings and finally share our take on the TikTok ban.

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Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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61. Private Equity Associate Tell-All: How to Start Your Career in PE Apr 20, 2024

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So many finance hopefuls dream of a career in Private Equity. But what do you actually DO during your internship, starting out as a full-time Analyst, or as an Associate? How do those roles differ at a mega fund vs. a smaller firm? Are there advantages to starting out in Private Equity vs. doing a tour of duty at an Investment Bank or MBB consulting firm?
We sat down with Karina Petrunova, a current Private Equity Associate at Charles Thayne Capital, a lower middle market fund with a software & technology focus, to learn about her path to Private Equity. She shares the specific steps she took to secure her first Wall Street internship during her sophomore year, her junior year internship, and ultimately her role at Vista Equity (a $100bn+ mega fund) out of undergrad. Karina shares insight into the practices that made her a successful intern, analyst, and associate, as well as into her decision making process behind why she chose the firms she did.
If you are considering a career in Private Equity, or want to understand the journey that your friends and loved ones in the industry may be on, this episode is a MUST listen.

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Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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60. The Skinny on Jane Street Raising Debt & RIFs Apr 19, 2024

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In this week's episode we talk about the market's response to geopolitical risks, Jane Street's atypical transparency around Q1 earnings ahead of their bond issuance, and what to do if you get laid off from your Wall Street job.

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Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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59. Real Estate Investment Banking 101 Apr 13, 2024

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Want to understand commercial real estate investing? Real estate banking? What about starting your own investment bank? Or succeeding in the upper echelons of finance while raising young children? How about ALL OF THE ABOVE?
We are joined today by Deborah Smith, CEO and co-founder of a boutique investment bank specializing in real estate advisory, to explore the 101s of CRE investing and deal making, as well as the monumental challenge of starting your own investment bank. We also continue our conversation up and down the corporate ladder on the question of female mentorship.
Deb is a force of nature. She shares her story of how she went from a dairy farmer in Australia to the most elite banking group at Morgan Stanley to Wall Street CEO (all while raising three young children, no less), living life according to her personal philosophy of "the universe doesn't owe you anything". Her brilliance, moxie, and humor make this a MUST LISTEN for anyone interested in real estate, investment banking, or trying to balance work and family life in the world's most competitive environments.

Shop our Self Paced Courses:

Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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58. The Skinny on CPI & Earnings Apr 11, 2024

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In our latest edition of our new weekly markets breakdown, we cover yesterday’s CPI release and its impact on the interest rates, credit, and equity markets. With earning’s season kicking off, we explain how to frame your thinking about earnings releases as you start to think about how these moves in the market translate into corporate valuations and projections going forward. We also share some feedback we’ve received on our “unwritten rules” for success on Wall Street and wax philosophical on the importance of cultivating resilience.

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Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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57. What You Must Know About Commodities (And More!) Feat. CNBC's Guy Adami Apr 06, 2024

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Guy Adami is an original member of CNBC's Fast Money. Guy began his career at Drexel Burnham Lambert as a commodity trader on their precious metals desk. In 1996 he joined J. Aron, the famed commodity and currency group at Goldman Sachs where he was their head gold trader. In 2021, Guy, along with Dan Nathan, started RiskReversal Media. In addition to Fast Money, Guy and Dan have a daily show called MRKT Call and a weekly podcast called On The Tape that they do with Danny Moses of The Big Short Fame. Guy trys to stay active in his community. He was on the board of the NJ Chapter of The Leukemia & Lymphoma Society for ten years where he served as co-chair. In August of 2012, Adami completed the first NYC Ironman on behalf of LLS in 16 hours and 19 minutes. He was the LLS NJ Man of the Year in 2015. Guy was also on the national board of Invest in Others as well as Big Brothers Big Sisters of America. In November 2022, he was inducted into the Tri County Scholarship Fund Hall of Fame. Guy is a 1986 graduate of Georgetown University. He and his wife Linda reside in Morristown, NJ where they raised their three children.

Shop our Self Paced Courses:

Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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56. The Skinny on Non-Farm Payrolls and Unwritten Rules Apr 05, 2024

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We're mixing it up with new weekly episodes where we give you the skinny on what's happening in the markets and big deals in the news, and explain why that matters TO YOU. Topics today include the Non-Farm Payrolls Report and the unwritten rules of how to behave in order to succeed in finance. Let us know if you want more episodes like this by emailing your thoughts to questions@wallstreetskinny.com!

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Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

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55. Women on Wall Street: Is There a Problem with Female Managers? Apr 03, 2024

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The Wall Street Journal recently published an article titled "Women Aren't Getting the Big Jobs at Goldman Sachs, and They're Heading for the Exits" (linked below). That same day, we were asked by our social media community whether our best managers were male or female when we were working at investment banks. Our answer? Male.
We received HUNDREDS of messages from our community --- from mostly women --- saying their experience with female managers on Wall Street was overwhelmingly negative.
So we wanted to have a frank, open discussion of these two distinct but very related topics in a public forum to discern what the nature of the problem is and to try and suggest possible solutions.
We are joined by two amazing women for this conversation: Carissa Jordan and Nikki Boulukos, currently the co-founders of Benjamin Talks, a company on a mission to facilitate financial literacy for people of all ages starting with children. Carissa and Nikki started their careers in Fixed Income and Equities Sales & Trading at Goldman Sachs, and rose through the ranks before exiting for individual reasons we will discuss.
This will be the first of many conversations with women ranging from the junior most levels all the way to the C-suite. Anyone working on Wall Street or planning on a career in the industry needs to listen to this episode.
https://www.wsj.com/finance/investing/goldman-sachs-women-big-jobs-leaving-09112f6a
Nikki Boulukos is Co-Founder and Co-CEO of Benjamin Talks

BA in Psychology & Economics from Harvard. Additionally, cross-registered and completed coursework in Accounting & Finance at Massachusetts Institute of Technology and London School of Economics.
Captained the Varsity Women's Soccer team for three years at Harvard, first three-year captain in school history. All Ivy selection and Academic All American nominee.
Financial analyst at Goldman Sachs on Equity Research Sales desk. Member of Women's Steering Committee.
Later served as COO & Vice President of San Francisco-based beverage start-up, Wanu Water (fka FLUROwater) and later founded Seirén, an on-demand app company in the beauty space.
Nikki now lives in Cold Spring Harbor, NY with her husband and their three small, financially-savvy kids.

Carissa Jordan is Co-Founder and Co-CEO of Benjamin Talks

BBA in Finance from Hofstra University. Member of Honors College. Carissa also held internships at Ivy Asset Management, MF Global and Goldman Sachs throughout college.
Associate at Goldman Sachs in FICC on the credit trading desk.
Carissa later joined J.P. Morgan Private Bank where she worked as an investor associate.
Carissa currently resides in Lloyd Harbor, NY with her husband and the three young children whose innate curiosity about money sparked her passion for financial literacy.

Shop our Self Paced Courses:

Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

Subscribe to our Substack: https://substack.com/@thewallstreetskinny

54. Global Macro Trading 101 Feat. Wall Street's First Blind Trader Mar 30, 2024

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Ever wondered what global macro trading looks like at the world's most elite hedge funds like Citadel, Balyasny, and Bluecrest? You might imagine you'd need a tremendous grasp of the markets, an ability to analyze and interpret massive amounts of data & research, and a talent for identifying the optimal vehicles for expressing your views. Now imagine doing all of this...without being able to SEE.
We are joined an incredibly special guest for our one-year podcast anniversary: global macro investor Ashish Goyal. Over the past 15 years, Ashish has managed portfolios for marquee hedge funds and institutions such as Citadel, BlueCrest, Balyasny, and J.P. Morgan CIO.
Ashish has the dual distinctions of not only being the world’s first visually impaired graduate of The Wharton School, but also the world’s first visually impaired investor-trader on Wall Street. More importantly, Ashish has been honored with India’s highest civilian award for a disabled individual – the National Award for the empowerment of persons with disability by the President of India and has also been recognized as a Young Global Leader by the World Economic Forum.
Ashish also serves on the Board of The Inclusion Initiative at the London School of Economics (LSE) in the UK and the Rising Flame in India. In the past, he has served on the Board of the Peek Vision Foundation in the UK, has passionately supported Theatre and Arts, and has represented the winning team in the UK domestic blind cricket tournament at the London Metro Club.

Ashish embodies an overflowing spirit of a holistic and balanced life. A practitioner of meditation and a believer in human ingenuity, Ashish continues to support passionate and dedicated charities addressing education, disabilities, human rights, sports, environment, and the Vedic Sciences. He has served as a motivational speaker at various venues – at the London Stock Exchange, at the World Economic Forum in Davos, and at the Sohn Charity Conference to name a few.

Shop our Self Paced Courses:

Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

Subscribe to our Substack: https://substack.com/@thewallstreetskinny

53. Intro to Crypto (Part II) Mar 23, 2024

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Today is part II of our "intro to crypto" series. We're back with Chris Newhouse to discuss breaking into careers in the digital currency space, the evolution of both layer I and layer II technologies within the defi ecosystem, derivatives trading and the evolution of new platforms to support broader institutionalized moneymaking opportunities. A great conversation for anyone who is interested in understanding crypto trading mechanics, curious in how to start a career in the industry, or wondering whether the crypto culture in real life bears any resemblance to the wild stuff you might see on social media!

Shop our Self Paced Courses:

Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE

Subscribe to our Substack: https://substack.com/@thewallstreetskinny

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