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Lucky Items in Investment Banking

Informant:

Daniel is a first year analyst at a prominent Manhattan based investment bank. He grew up in Northern California from a predominantly irish background

Piece:

“So whenever a huge deal goes through, the company that is acquiring another will give a little gift to everyone on the group that helped. Like we helped MLB buy this streaming service and they gave MLB baseball bats to the 10 guys who worked on that deal. And it’s considered lucky to hold onto a gift from a past deal when you’re on the phone with someone from a new deal. So if you look around the office people are always fiddling with little trinkets and shit that they got for completing deals as like a good luck charm.”

 

Collector’s thoughts:

I find the dichotomy between the the extremely analytic, numbers based aspect of being a banker with the dependence on items of luck to be very interesting. The trinkets seem to remain not merely as good luck charms, but also as visible trophies of past success signaling one’s competence to those around them. In such a quantitative profession, the presence of lucky items suggests that often times the quantitative isn’t enough, even for professionals

 

 

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