Thursday, September 20, 2007

Financial Engineering is Dead; Long Live Growth Equity!

That was the headline at the WSJ's Deal Journal yesterday, posted by Dana Cimilluca whom I am beginning to suspect is either:
a) A former deal guy
b) Channeling a former deal guy

I have a test I use to determine if someone is a refugee from the business:
"Hey, you ever snort a line off a hooker's ass?" An affirmative will narrow down prior employment to 80's M&A or aging rock star.

Either way, that headline nailed the zeitgeist and made my day (after I picked myself up off the floor and set the chair upright).