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started by hairyirockm33 on 08 May 16

#1 hairyirockm33 on 08 May 16

The Accidental Investment Banker

While this book has been on the market for some time, The Prince thinks it is
worth highlighting. The Accidental Investment Banker is a fresh and easytoread
look at the investment banking industry and the ethos of bankers in general. The
book truly gets inside how investment bankers pitch and execute business. It
also chronicles the decline of relationship investment banking and explains the
transactional nature of banking today. The story is not all negative, though,
since it also emphasizes the immense sway that a trusted banker can have on a
CEO or a company. Knee shares his opinions on the industry and on what it takes
to be successful at bringing in business to a bank.

In addition to being easytoread, Knee's book, with its candid insider's
accounts, is hilarious at times. The intimate glimpse into the life of a
midlevel, and later a senior, banker is unique among books of its kind. Knee had
a ringside seat during the boom and bust decade and into the 21st century, so
his take on the tech bubble's collapse is especially interesting. Knee's account
of an industry in free fall captures an era of fabulous dealmaking and the
catastrophe that followed when the bubble burst. However, the book is about more
than just the tech bubble. Its insights can help us through these turbulent
times. It can also give some comfort to those bankers who are slogging along now
with the credit (or LBO cycle) at bottom or nearing a bottom.

The warning embodied in Knee's book can be summed up by the decline he
witnessed, and which probably started even before he came on the scene. Knee
entered an industry that was typified by the motto "firstclass business in a
firstclass way" (Morgan Stanley's motto) and saw it transformed in a mere decade
to a freeforall typified by the acronym IBG, YBG ("I'll be gone, you'll be
gone"). Mercenarylike bankers signed off on weak deals, knowing they would leave
them in the rearview mirror. Once, investment bankers prospered largely on their
success in serving the client, preserving the firm, and protecting the public
interest. Now, however, this is no longer the case, and only a handful of
bankers still work in the trusted advisor role. While this state of affairs is
unfortunate, it appears to be irreversible.

Now, in the "financial supermarket" era, bankers feel that their worth is
tied exclusively to how much Valentino Shoes Sale revenue they
generate for the firm. Today, most young executives feel no loyalty to their
firms or to their clients; Knee chronicles this unprecedented but understandable
level of cynicism and distrust of investment banks.

The Accidental Investment Banker is filled with power players, back stabbers,
celebrity bankers, and incredibly rich individuals. It provides a vivid account
of investment banking and where the industry has been, plus some predictions of
where it is going. The book is both cautionary and hopeful for the future of the
industry. Brimming with insight into what investment bankers actually do, and
told with humor and unflinching honesty, The Accidental Investment Banker offers
a fascinating glimpse behind the scenes of Wall Street. At least, that is the
Prince's take. The Prince enjoyed reading the book, and hopefully this review
encourages you to read this book if you have not already.

Here is a short bio of Knee:

Jonathan A. Knee is now a partner at a boutique investment banking firm. He
is also Adjunct Professor of Finance and Economics and Director of the Media
Program at the Columbia Graduate School of Business. His writing has appeared in
the Wall Street Journal, New York Times, Washington Post, Los Angeles Times ,
and elsewhere.

Here are some reviews from other people: Not since Michael Lewis's 'Liar's
Poker' has there been as good, as accessible or as pithy a look at the world of
investment banking. Unlike Lewis, who was a flash in the Wall Street pan, Knee
has spent more than a decade working his way up the ladder, and he has a
pleasant and selfeffacing way of weaving his own experiences at Goldman Sachs
and Morgan Stanley with the history of those firms. Knee has great fun cutting
some of Wall Street's biggest egos down to size while exposing how little there
really is to all that highpriced financial wizardry. He's written a wonderful
primer for anyone who has wondered how Wall Street really works, and a wonderful
reminder for those who already know how far professional standards have fallen.
Steve Pearlstein, Washington Post

This insider's chronicle brims Valentino Shoes with humor and
insight as it depicts a civilized world driven mad by money. Fast Company

A thumping ride across deep waters, Knee evokes the precarious, risky thrills
courted by businesspeople great and small. Smart, clever and unfailingly
articulate. Knee maintains a reporter's sense of detachment, observing how the
decade in question turned into an economic house of mirrors as moneyguzzling
dotcoms bloomed and withered, playing havoc with longestablished rules and
mores, nurturing an era of incompetence and brawling, veiled in the traditional
pseudogentility of a privileged profession. Funny and knowing, this business
memoir debut should appeal to a wide swath of business veterans. Publishers
Weekly

A refugee from the investmentbanking implosion that accompanied the various
other bubble bursts of the late '90s, Knee argues that his profession has sold
out its legacy of independence and solid judgment, much to its own shameand to
the clear and present danger of those affected by its decisions (which is to say
everyone). Atlantic Monthly

Return with us now to those thrilling days of yesteryear, when giants like
Mary Meeker moved millions with a single appearance on CNBC. Knee, a partner at
boutique investment bank Evercore Partners who's also logged time at Goldman
Sachs and Morgan Stanley, here provides a candid and irreverent insider's
account of an industry in free fall during the boomandbust decade and into the
21st century. Knee takes aim at a range of Street figures, from Joseph Perella
to new Treasury Secretary Henry Paulson. BusinessWeek

The best account I've read of how the Internet boom and bust was experienced
inside the investment banking department of a big Wall Street firm. Hollywood
has 'You'll Never Eat Lunch in This Town Again'. Now Wall Street is gettingThe
Accidental Investment Banker . A rare, ringside seat inside the madcap and often
egomaniacal world of Wall Street's Masters of the Universe. For wouldbe bankers,
the book is an excellent primer on what it's really like; for current bankers it
will be a guilty pleasure. Andrew Ross Sorkin, New York Times

Entertainingly indiscreet. Knee's talent for wicked pen portraits is put to
good use because he worked in the vicinity of some the most colorful and
intriguing investment bankers of the 1990s. John Gapper, Financial Times

For anyone who remembers the crazy boom times, and the even crazier bust,
Jonathan A. Knee's 'The Accidental Investment Banker' is a must. Reveals a world
that rivals '24 in intrigue and drama. Fortune

<div class="cArrow"> </div><div class="cContentInner">The Accidental Investment Banker While this book has been on the market for some time, The Prince thinks it is worth highlighting. The Accidental Investment Banker is a fresh and easytoread look at the investment banking industry and the ethos of bankers in general. The book truly gets inside how investment bankers pitch and execute business. It also chronicles the decline of relationship investment banking and explains the transactional nature of banking today. The story is not all negative, though, since it also emphasizes the immense sway that a trusted banker can have on a CEO or a company. Knee shares his opinions on the industry and on what it takes to be successful at bringing in business to a bank. In addition to being easytoread, Knee's book, with its candid insider's accounts, is hilarious at times. The intimate glimpse into the life of a midlevel, and later a senior, banker is unique among books of its kind. Knee had a ringside seat during the boom and bust decade and into the 21st century, so his take on the tech bubble's collapse is especially interesting. Knee's account of an industry in free fall captures an era of fabulous dealmaking and the catastrophe that followed when the bubble burst. However, the book is about more than just the tech bubble. Its insights can help us through these turbulent times. It can also give some comfort to those bankers who are slogging along now with the credit (or LBO cycle) at bottom or nearing a bottom. The warning embodied in Knee's book can be summed up by the decline he witnessed, and which probably started even before he came on the scene. Knee entered an industry that was typified by the motto "firstclass business in a firstclass way" (Morgan Stanley's motto) and saw it transformed in a mere decade to a freeforall typified by the acronym IBG, YBG ("I'll be gone, you'll be gone"). Mercenarylike bankers signed off on weak deals, knowing they would leave them in the rearview mirror. Once, investment bankers prospered largely on their success in serving the client, preserving the firm, and protecting the public interest. Now, however, this is no longer the case, and only a handful of bankers still work in the trusted advisor role. While this state of affairs is unfortunate, it appears to be irreversible. Now, in the "financial supermarket" era, bankers feel that their worth is tied exclusively to how much <a rel="nofollow" href="http://www.valentinoshoes.hk/" target="_blank">Valentino Shoes Sale</a> revenue they generate for the firm. Today, most young executives feel no loyalty to their firms or to their clients; Knee chronicles this unprecedented but understandable level of cynicism and distrust of investment banks. The Accidental Investment Banker is filled with power players, back stabbers, celebrity bankers, and incredibly rich individuals. It provides a vivid account of investment banking and where the industry has been, plus some predictions of where it is going. The book is both cautionary and hopeful for the future of the industry. Brimming with insight into what investment bankers actually do, and told with humor and unflinching honesty, The Accidental Investment Banker offers a fascinating glimpse behind the scenes of Wall Street. At least, that is the Prince's take. The Prince enjoyed reading the book, and hopefully this review encourages you to read this book if you have not already. Here is a short bio of Knee: Jonathan A. Knee is now a partner at a boutique investment banking firm. He is also Adjunct Professor of Finance and Economics and Director of the Media Program at the Columbia Graduate School of Business. His writing has appeared in the Wall Street Journal, New York Times, Washington Post, Los Angeles Times , and elsewhere. Here are some reviews from other people: Not since Michael Lewis's 'Liar's Poker' has there been as good, as accessible or as pithy a look at the world of investment banking. Unlike Lewis, who was a flash in the Wall Street pan, Knee has spent more than a decade working his way up the ladder, and he has a pleasant and selfeffacing way of weaving his own experiences at Goldman Sachs and Morgan Stanley with the history of those firms. Knee has great fun cutting some of Wall Street's biggest egos down to size while exposing how little there really is to all that highpriced financial wizardry. He's written a wonderful primer for anyone who has wondered how Wall Street really works, and a wonderful reminder for those who already know how far professional standards have fallen. Steve Pearlstein, Washington Post This insider's chronicle brims <a rel="nofollow" href="http://www.valentinoshoes.hk/" target="_blank">Valentino Shoes</a> with humor and insight as it depicts a civilized world driven mad by money. Fast Company A thumping ride across deep waters, Knee evokes the precarious, risky thrills courted by businesspeople great and small. Smart, clever and unfailingly articulate. Knee maintains a reporter's sense of detachment, observing how the decade in question turned into an economic house of mirrors as moneyguzzling dotcoms bloomed and withered, playing havoc with longestablished rules and mores, nurturing an era of incompetence and brawling, veiled in the traditional pseudogentility of a privileged profession. Funny and knowing, this business memoir debut should appeal to a wide swath of business veterans. Publishers Weekly A refugee from the investmentbanking implosion that accompanied the various other bubble bursts of the late '90s, Knee argues that his profession has sold out its legacy of independence and solid judgment, much to its own shameand to the clear and present danger of those affected by its decisions (which is to say everyone). Atlantic Monthly Return with us now to those thrilling days of yesteryear, when giants like Mary Meeker moved millions with a single appearance on CNBC. Knee, a partner at boutique investment bank Evercore Partners who's also logged time at Goldman Sachs and Morgan Stanley, here provides a candid and irreverent insider's account of an industry in free fall during the boomandbust decade and into the 21st century. Knee takes aim at a range of Street figures, from Joseph Perella to new Treasury Secretary Henry Paulson. BusinessWeek The best account I've read of how the Internet boom and bust was experienced inside the investment banking department of a big Wall Street firm. Hollywood has 'You'll Never Eat Lunch in This Town Again'. Now Wall Street is gettingThe Accidental Investment Banker . A rare, ringside seat inside the madcap and often egomaniacal world of Wall Street's Masters of the Universe. For wouldbe bankers, the book is an excellent primer on what it's really like; for current bankers it will be a guilty pleasure. Andrew Ross Sorkin, New York Times Entertainingly indiscreet. Knee's talent for wicked pen portraits is put to good use because he worked in the vicinity of some the most colorful and intriguing investment bankers of the 1990s. John Gapper, Financial Times For anyone who remembers the crazy boom times, and the even crazier bust, Jonathan A. Knee's 'The Accidental Investment Banker' is a must. Reveals a world that rivals '24 in intrigue and drama. Fortune</div>

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