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To be clear (from the guy who submitted this), leveraged sellout was an incredibly popular blog that covered wall street from a junior insider's perspective for
by allworknoplay 13y ago
To be clear (from the guy who submitted this), leveraged sellout was an incredibly popular blog that covered wall street from a junior insider's perspective for years. It was generally ironic, but as a friend of mine once asserted, irony is kind of like absolute value -- the more ironic you are about something the more seriously you take it, and it becomes difficult to distinguish the intensity of your irony from real belief at some point. A lot of people (like myself) are still subscribed to this blog, and a lot of people (unlike myself) are still subscribed to an unironic version of its world view.
- lmg643 13y agoi used to read the site. he was an outsider observing finance (the roomate of a bunch of bankers) who launched a popular website instead of following "the path". high point was the book, which came out in 2008 - worst possible timing - and did not sell. bad luck. the same site in 2012 would have been funded for millions ... get some guest authors ... maybe sell to gawker media / huff post / etc ... no book required. with regards to the content - if you take away the "irony" as cover for a legitimate argument, it's still an interesting question to contemplate. for the average econ major (but not CS major), with no edge in technology, compared to the safe average payouts available on wall street, it is probably a bad decision to pursue a tech startup ... which is what makes the parody work.