Ex-Morgan Stanley Investment Bankers break down Wall Street so YOU can go be smarter in real life
Our full breakdown is live on Substack.
Want the complete analysis? Drop SUBSTACK below and we’ll send you a link to subscribe!
To be clear, the “over allotment” option is for 15% of the offering, so they sold 555 million shares plus an additional 83 million. It’s that extra 83 million shares (or $10 billion) which is the over allotment option, aka “green shoe” that they are short.
So why not just try and tank the IPO?. Even though they might stand to make a few bucks, it’s not worth the reputational risk and losing book runner status on future IPOs.
For a full deep dive into what comes next now that SpaceX is trading, drop the word SUBSTACK for our full analysis coming this week!
OBSESSED with "Not Suitable for Work", the new sitcom by about...you guessed it...Investment Bankers!!! If you enjoyed our recaps of "Industry" and "Succession", you'll love our take on this fun new show. We get into the themes of Millennials vs. Gen Z, male/female dynamics in and out of the office, and yes, modern love and dating in NYC 😍.
Drop the word "SHOW" in the comments and we'll DM you our hot takes! Don't worry --- no HR complaints here 🤣
Wait, what were you thinking of?
Get your mind out of the gutter...👀
Nothing to see here, folks...
We did a TWO PART YOUTUBE FINANCE breakdown of the pop culture hit memoir “Strangers” by Belle Burden.
To watch this entire episode — where we dive into not just the realities of Big Law vs. Hedge Fund compensation, but also the insane cash burn needed to raise a family in Manhattan (especially living a certain lifestyle often expected in these high powered careers) — drop the word STRANGERS below!
And YES, we know that Belle’s stepmother paid their kids’ private school tuition…UNTIL the assets from her trust ran out and their lawyers told them they’d have to cover that themselves.
For those of you new here, our account aims to educate about Wall Street and high finance through pop culture.
We do deep dives into shows like HBOs Succession, Industry, and hit non-fiction books like Going Infinite, Moneyball, etc. We have done quite a few interviews about the law vs. banking career path and this lends itself well to that conversation in a way that is culturally interesting.
Later this week we’ll be recording a deep dive into Mindy Kaling’s new show “Not Suitable For Work”, followed by “Your Friends & Neighbors”…let us know about YOUR favorite shows/movies/books you want us to talk about!
06/02/2026
Drop the word SUBSTACK to check out our full blown deep dive into how Big Law and Hedge Funds make money, what the compensation structure looks like, complete with a financial model and all! ⬇️
06/01/2026
No one is talking about the insane thing that has happened with Big Law Partner compensation over the past decade, and how it compares with Wall Street.
In our latest Substack we broke down EXACTLY what has happened. What started as us trying to quantify how much Belle Burden’s husband in the cultural phenomenon “Strangers” was earning during their marriage after he left Davis Polk and ended up at an equity long/short hedge fund turned into a full blown deep dive into how Big Law and Hedge Funds make money, what the compensation structure looks like, and who actually comes out ahead.
We were SHOCKED by the numbers…
Drop the word SUBSTACK to read our full breakdown ⬇️