The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

FAILURE Investment Bankers are ***holes

G-Man

Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Speedway Pass
Read Millionaire Fastlane
Jan 13, 2014
1,757
9,434
2,186
True statement. They are also very fastlane. As a group, the guys that worked in distressed assets especially are some of the most arrogant, condescending mother****** I have ever met in my life. They have an over-inflated sense of their ability because they always have the advantage of hindsight. It's Monday morning quarterbacking plus major capital.

That said, I've learned some fastlane lessons. One thing I've noticed is that these guys repeatedly created situations for themselves that are so insanely leveraged that there's very little downside and huge upside.

Imagine being able to come into a company for 10 cents on the dollar, keep existing high performers in place (often for free for a year if they're owners), fire everyone else, lever your own investment with debt piled on the acquired company, oh, and the money you used to acquire the highly discounted shares, yeah, that wasn't yours either :clench:

They're geniuses. Still super fun to tell them to go f*** themselves, though. :rofl:

PS. This bothers me only because I realize my own position is so under-leveraged. If I were them I'd be only here talking about what a g**damn genius I am.

Rant over.
 

FORUM SPONSOR

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post thread…

Search the Forum

FASTLANE INSIDERS

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom