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: 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: Buffett’s 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 Musk’s $1 trillion pay plan, Cathie Wood trimmed her 2030 Bitcoin target, and “vibe coding” was named Collins Dictionary’s word of the year.
Plus: A “tremendous backlog” 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 “bats*** crazy,” Bitcoin slips below $100K, bankers expected to get 12% bigger bonuses, and Papa John’s 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 Street’s 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
Plus: Amazon up 13% after blockbuster earnings, Palantir sues ex-employees for stealing company secrets, General Atlantic does a private credit deal, and Chipotle is cooked.
Plus: Fed cut 25bps, Meta dropped 8%, Nvidia joined $5T club, Target Zoom call mishap, Fiserv cratered after slashing guidance, and a trader bet $21M on a 30% SPY rally in 2026.
