Warren Buffett Made a Phone Call
Also IPO pricing, levered founders, bad tweets, bad speeches and Vickrey auctions.
I am surely not the only person who got into mergers-and-acquisitions law, and later investment banking, because I read “Barbarians at the Gate” at an impressionable age. There was just something about the high-stakes negotiations, the crack teams of experts mobilizing to work through the night to sign a big deal, the intensity coupled with quiet professionalism, that I found appealing. In my brief time as an M&A lawyer I once worked for a company that was selling itself, and at one point we really did have two different bidders in conference rooms on two different floors of our building, each unaware that the other was there, and I’d hurry between the bidders trying to remember who was where and hoping not to let anything slip and working frantically to get the deal done but also thinking somewhere in the back of my mind “man, this right here, this is the stuff.” I don’t know, I was a strange kid, it wore off pretty quickly.
On the other hand here is this!