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.
We break it down...
Plus: GameStop popped 14% on Bitcoin news, Cathie Wood issued a $2,600 Tesla price target, Trump launched a stablecoin, and eToro filed for an IPO.
Plus: Deals and IPOs are back on, Houthi group chat leaked, Blackstone’s Jon Gray warns against knee-jerk reactions to tariffs, and designer handbags are the next hot investment.
Plus: JPMorgan rebrands diversity program, StubHub filed for an IPO, some investors think we’re in dot-com bubble 2.0, and why you may want to increase your exposure to bonds.
Luck plays such a big role in the world. But few people want to talk about it.
Plus: Boston Celtics sold for a record $6.1B, Accenture rattled by Trump cuts, DoorDash debuted “eat now, pay later”, Lutnick plugged Tesla, and Citi upped its gold target.
Plus: The investors who made 200x on Wiz, Fed holds rates steady, UBS client’s wife leaves with their wealth adviser, and filmmaker gets charged for scamming Netflix.
Plus: Investors are giving up on ‘buy the dip.’ Google made its largest ever acquisition, Morgan Stanley will cut 2k jobs, and Nvidia unveiled latest chips.
Plus: Klarna files for IPO, Americans stock up on booze, Harvard goes tuition-free for families making under $200k, and Pepsi buys Poppi for ~$2B.
Plus: Consumer sentiment down bad, Gold hit $3k, CrossFit for sale again, Bessent says a correction is "healthy," and UBS bans staff from WFH on both Friday and Monday.
How to live freely in a goal-obsessed world.
Plus: Jamie Dimon changing tune on tariffs, China is "laughing" at U.S. trade war, Manhattan median rent hits $4.5K, and Oracle could buy TikTok.
