#9 RIBs
RIBs have nothing to do with greasy comfort food from smoke houses down south. RIBs are Recovering Investment Bankers. After toiling for years in the spreadsheet gulags of investment banking, they trade annual bonus fights for the formulaic indifference of commission-based pay.
Gone are the discussions with CFOs about the cost of capital. Now, these ex-bankers advise on issues of personal finance. RIBs understand balance sheets inside out. They’ve probably forgotten more about corporate analysis than most of their broker brethren will ever know. But RIBs see “danger under every rock” and often overlook good investments because they are not great at taking and managing risk.
Recognize anyone you know?
Check back again as we continue our presentation. Once the series is complete, we will post our complete white paper on the Top 10 Species of Stockbrokers.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.