GS top distressed debt trader quits; felt underpaid

Quote from BlueStreek:

The strategies he was good at though relied on alot of GS clout and endless capital, he wasn`t underpaid, the returns were allright (only going from the ones enumerated in the article) but the cap ex involved in running his operations needs to be considered, GS footed that bill.

I hope he is employing less capital entensive strategies for his own fund, otherwise, after a couple years he will realize how good he had it at GS.

A lot of that was on him, he could have managed his work hours and timelines much more efficiently, its called organization and delegation.
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good analysis from someone who has no real clue about how the guy's situation really was. :p
 
Quote from Thermactor:

70 mill puts him in the top .00001 (or more) of the population and allows him to quit now and have an EXTREMELY 'fabulous' rest of life in retirement.
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What's fabulous about retiring? If you have a healthy work/life balance, then you get to enjoy leisure AND achievement. Once retired, the only thing you achieve is to get old and die.
 
Goldman Sachs is like the godfather of wall street..

Goldman Sachs executives can call Bernanke, Paulson and they would answer the phone if they are still in bed!

These guys working at Goldman Sachs wer giving the license to print money with the way these hedge funds and amount of capital they can access at super low interest rates. The risk they took are way too high for any lender in a regular bank and would ask 30% interest loan shark rates for the deals they were doing. These hedge fund had access to cheap capital that the normal investor or trader cannot have..they wer e giving the license by the FED to print money and amount or leverage they were using on 'borrowed money'...and we know what happens to over-leveraged positions in a blue moon.

Quote from WallstYouth:

I tip my hat to this man, he was definitely under paid, over worked and made the right move.

Man I wonder how many Goldie alumni's are now running their own funds

AQR, TPG, Eton etc...
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these guys wer in loan sharking business when they bought bonds pay 30% interest.



Quote from nkhoi:

bottom line 'invest in market is when there is blood on the streets'
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I can understand if this man was in his 20s or 30s or even early 40s, but he is in his late 40s with a family.

He has more then 70 million probably. 70 million was just one year of pay and that cash was probably invested to make even more money.

If I were him, at the age of 48, I would develop my family and slip into a quieter or more low key roll.
 
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