In the Land of the Mamils: Where Men Are Men and Bikes Are a Semester at Yale
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Every day, bankers check the league tables, a scoreboard that shows who won the biggest deals. Then they check their Strava app to see who’s chewing up the pavement fastest on his $20,000 bike. That's recreation on Wall Street.
Strava means strive in Swedish. Loot learned this factoid on a recent weekend at Lea, a dark, classy cocktail bar tucked beneath New York’s Helmsley building and just steps from Merrill Lynch, JPMorgan and UBS. The traders’ conversation was going as expected (Dodd-Frank complaints, bonus expectations), and then, suddenly: