Tag Archive: sales pitches


Ever imagined how risk free derivatives trade actually is :

Quoting from the famous book traders guns and money :

Breaking down the hierarchy of the trading, “There are salespeople-they lie to clients. Traders lie to sales and to risk managers. Risk managers? They lie to people who run the place-correction, think they run the place. The people who run the place lie to shareholders and regulators”.

Here is self-explanatory poster how these different department see each other. To ease things out, you have to read from right. How the research department see themselves visa-vis other departments like Syndicate, DCM, Trader, Sales

global markets

 

Wall Street Sales Pitches

Sharing  some one liner sales pitches that became famous on Wall Street and people should really avoid them & mostblog of them used by many advisory firms and they have embraced a culture of sales and monthly quotas. If you find these pitches be afraid it’s a caveat…..

  1. “It’s like a CD.”
  2. “Buying on margin will greatly increase your returns.”
  3. “This fund did really well last year.”
  4. “As long as the music is playing, you have to get up and dance.”
  5. “Do you want the confirmation sent to your office or your mansion?” Continue reading
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