Good luck with that!
– Would You Pay $2,500 For One Hour With An Equity Analyst? This I-Bank Seems To Think So…:
Wall Street equity analysts are paid ‘yuge’ salaries to employee the finance skills they picked up from their business school professors to value various corporate securities and asset-backed securitization structures, among other things. And while their valuations of those securities have served as a frequent source of comic relief for many of us over the years, no bastardization of basic financial concepts tops recent attempts by the financial elites of the world to place a value on their own services.
As evidence of that fact, we present to you ‘Exhibit A’ from a Bloomberg article published earlier today suggesting that Morgan Stanley, who is still trying to figure out how much their equity research is worth to clients after nearly a year of internal cogitation, is considering asking hedge fund clients for $2,500 for the extreme pleasure of spending just one hour with one of their esteemed research analysts.
Read moreWould You Pay $2,500 For One Hour With An Equity Analyst? This I-Bank Seems To Think So…