3 ms·
In the Big Short Danny Moses was not going to do the deal (to short mortgage backed securities) until he got the answer to a question from the bank's sales pers
by jonknee 11y ago
In the Big Short Danny Moses was not going to do the deal (to short mortgage backed securities) until he got the answer to a question from the bank's sales person:
> I'll do it, but only after you explain to me how you are going to fuck me.
Seems like an appropriate question whenever dealing with an investment bank.
- gadders 11y agoOr any salesperson.
- mseebach 11y agoActually, slightly rephrased, it's a reasonable thing to consider for any non-trivial interaction: "What are your stakes here?" Even with the best of intentions, people are complex and complex transactions between two or more of them are complex-squared. Taking the time to make sure both parties understands what the other does and doesn't bring to the table is important for success.