Proprietary comp report by Overheard on Wall Street.
Harvard's endowment got rekt by private equity and hedge funds, but private equity professionals expect double-digit raises in 2024.
Private equity and venture capital firms from Silicon Valley to Wall Street are pumping millions of dollars into the psychedelic revolution. Investors are betting on the power of mind-bending drugs to transform mental health treatment and cut costs.
Plus: Robinhood will deliver you cash on GoPuff for $6.99, Scotland rolling out kilt bonds, Botox in trouble, and Build-a-Bear on Nvidia-like tear.
Plus: RIP the penny, Kim Kardashian secures funding from Goldman, an HermeΜs bag hedge fund backed by Christieβs, and AI coming for private equity jobs.
Plus: Goldman made $110 million on EA's LBO, ghost jobs are complicating the job market, and why Anthropic is becoming profitable much faster than OpenAI.
Plus: Buffettβs last letter, Nasdaq jumped 2.2% on shutdown ending, PitchbookGPT dropped, BlackRock writes down 100% private credit loan, and millennials all-in on alts.
Plus: Ultimate guide to long-term investing and the magic of not giving a f*ck.
Plus: 50-year mortgages, millionaires value trainers/therapists more than wealth advisors, crypto winter is here, and banks reversing ESG pledges.
Plus: Google to integrate Kalshi, Tesla shareholders approved Elon Muskβs $1 trillion pay plan, Cathie Wood trimmed her 2030 Bitcoin target, and βvibe codingβ was named Collins Dictionaryβs word of the year.
Plus: A βtremendous backlogβ of big M&A deals, why Bain Capital is avoiding data center investments, and NYC now has a 12-minute helicopter to shuttle suburbanites.
Plus: Mamdani wins NYC race, Karp calls Burry βbats*** crazy,β Bitcoin slips below $100K, bankers expected to get 12% bigger bonuses, and Papa Johnβs is down bad.
Plus: Amazon hits ATH on OpenAI deal, Kimberly-Clark buys Tylenol, Millennium sells 15% stake, Jensen's favorite diner goes private, and why the best bankers are worth paying for.
Plus: Marathon times are becoming the new status symbol for Wall Streetβs elite, UBS may be relocating to the U.S., and how AI could make toxic bosses even worse.
Plus: Surviving the AI Capex Boom, 7 Skills to Enhance Your Job Performance, and How To Make Money In Any Market
