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Welcome to the world of consulting and finance. You know all those 1st/2nd/3rd year big firm employees that you hear grinding away for 16 hours on presentations
by blitzar 4y ago
Welcome to the world of consulting and finance. You know all those 1st/2nd/3rd year big firm employees that you hear grinding away for 16 hours on presentations and papers, being degraded by senior managers pushing them constantly?
This is what they produce - quantity over quality. This is what their managers think the client wants - they are paying by the hour afterall, got to give them a big pile or work.
- mardifoufs 4y agoShort sellers like these are usually small, single digit headcount operations. If anything, the dubious quality of the document reflects exactly that. And those big firm employees are usually very good at making good looking presentations and documents, though I agree that they are usually devoid of substance. So I'm not sure they are behind this shoddy looking document to be honest.
- blitzar 4y agoThey outsource a lot of this stuff now - brokers, banks etc. The fund itself doesnt give a shit about pages >2 and just really care about the conclusion. You can only have two of; fast, accurate and magnificent prose.