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: Nvidia invests $2 billion in Synopsys, Steve Cohen wins approval for casino near Mets stadium, Blackstone exits Vegas resorts, and Strategy in damage control after BTC sell-off.
Plus: Softbank's kamikaze bet on OpenAI, how to be more strategic, and why we always want more.
Plus: Record year for megadeals, SEC will investigate Jefferies over First Brand collapse, and why high schoolers are ditching the Ivy League for the SEC.
Plus: Campbell’s exec fired over rant about poor people, JPMorgan thinks S&P 500 could hit 8,000 (18% upside) next year, and why the era of “low-quality returns” is over.
Plus: Nvidia drops questionable "I’m not Enron" memo, State Street roasts JPMorgan's biggest ETF in email to clients, and macro traders on track for biggest haul in 16 years.
Plus: Stocks soared thanks to Google's rally, Larry Page becomes 2nd richest in the world, Ray Dalio thinks pod model won’t last, and Burry launches a paid newsletter.
Plus: The economics of AI scale, mastering the markets, and the world's oldest asset.
Plus: Eli Lilly joins $1T club, private equity firms are flooding the junk-debt market to pay themselves, and more buyout pros are debating leaving the industry.
Plus: S&P 500 has biggest reversal since April, Bitcoin in free fall, Ray Dalio warns of bubble fears, and KKR raises a new fund.
Plus: Hong Kong’s IPO boom, JPM told clients to buy the dip, Pakistan stock market up 40%, the bankers behind Argentina's bailout, and you can now bet on the price of labubus.
Plus: Nvidia reports earnings today, Larry Summers ‘deeply ashamed’ after new Epstein emails, ex-banker charged with insider trading, and Google drops Gemini 3.
Plus: Goldman on track for best year in 24 years, Thiel dumps Nvidia, Uncle Sam outperforming the S&P 500, and more than half of US homes lost value in the past year.
