Matt Levine, Columnist

Wall Street Is No Fun Anymore

Also (lira, lira), spoofing and satirical securities disclosure.

December 22, 2021 at 12:33 PM EST

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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In “Liar’s Poker,” Michael Lewis memorably describes showing up at work for his first day as a bond salesman at Salomon Brothers. “Oddly enough, I didn’t really imagine I was going to work, more as if I were going to collect lottery winnings”:

At Bloomberg today, Max Abelson writes about the fact that Wall Street is in some objective sense hot, but nobody feels like they’ve won the lottery:

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