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Michael Gracie

Texting with Finance Friends: Junk Bond Holiday Song Edition

If you don’t know what a junk bond is or what’s happening to them right now, please run along. For the rest, this went to a trader friend this morning at 9:13am MST …

YOURS TRULY:

On the last day of Hanukkah
My true love gave to me
A portfolio of high-yield
Almost free

FINANCE FRIEND: silence

It did in fact turn out good for a return phone call a few hours later. The conglomerate response was:

You’re not very funny, so where did that come from?

Plus …

CNBC are fucking idiots

And finally …

I’m too fat to play golf right now.

I think the last was code for “I’m looking for a new job as we speak.”

MG signing off (to spread more holiday cheer)

Texting with Finance Friends: An Introduction

I have some friends in the finance business – analysts, traders … that sort. We text, usually after the markets close. Sometimes the conversations are funny, sometimes not. Thought I’d post a few now and then, regardless.

The first, on modern culture, from a friend not quite yet fully in the throws of a midlife crisis …

FINANCE FRIEND: Do you have a tattoo yet? Seems like it is at least 55% penetration on adults under 40.

YOURS TRULY: I’ll take that as a compliment.

If I had said yes, I know someone who would have immediately run out and gotten tattooed.

MG signing off (since the NSA has all these texts anyway)

A dearth of innovation, or the beginning of the end of rich communication?

Moshe Y. Vardi opines that while communication “advances” such as texting and social media may seem wondrous, they may not be the leaps the world really needs…

Recently, however, several people have been questioning this techno-optimism. In a commencement address at Bard College at Simon’s Rock, U.S. Federal Reserve chair Ben Bernanke compared life today to his life as a young boy in 1963, and his grandparents’ lives in 1913. He argued that the period from 1913 to 1963 saw a dramatic improvement in the quality of daily life, driven by automobilization, electrification, sanitation, air travel, and mass communication. In contrast, life today does not seem that different than life in 1963, other than the fact we talk less to each other, and communicate more via email, text, and social postings.

Worth a full read.

General disdain for Ben Bernanke notwithstanding, I find the last quoted remark above a little disheartening, and yet wholeheartedly accurate. It will be sad to see the day when smartphone functionality is embedded within everyday wear, giving mankind the ability to replace every face-to-face or voice modal interaction with a 140 character quip, regardless of whether they are fiercely clutching a device.

MG signing off (thankful that my circle would still rather pick up the phone and dial)