Wall Street PlayBoys

Investment Banking Compensation 2017 – an Up Year!

We are updating the total Investment Banking compensation numbers for 2017. Excluded from this overview is investment banking analysts as the variability has not moved much. Simply put an investment banking analyst should make $155, $180K, and $205K in years one, two and three (plus or minus $5-10K depending on how good or bad the […]
Wall Street PlayBoys
Dec. 14, 2017, 1:16 a.m.

What Happens When You Execute With Efficiency

When I was in my mid-20s I realized I had been lied to by a lot of people. They didn’t mean to spread lies, but good intentions do not change the facts. I always got good grades in college and high school and did what my teachers and parents asked me to do and didn’t complain. […]
Wall Street PlayBoys
Dec. 10, 2017, 5:30 a.m.

Quality of Life and Time: 15 Things to Remember

At the end of the day (assuming no major leaps in technology) time is the one finite quality that we all have in common. We all die eventually. As you accumulate more and more “digits” also known as money, the time you have remains largely constant and the value of the time you have left […]
Wall Street PlayBoys
Dec. 4, 2017, 5:01 a.m.

Q&A is Open and Why We Are More Aggressive With Portfolio Mangement

The Q&A section will be held right here on this post. As usual it will work as follows: 1) leave your transaction ID *in* the comment we will manually delete it before approving, 2) you are allowed one question on any topic excluding personal finance which will be covered on January 1, 2018, 3) since […]
Wall Street PlayBoys
Nov. 24, 2017, 8:38 p.m.

Q&A Announcement and Introduction to Personal Finance Book

This has been a banner year and unquestionably the best year in history. We’re completing the sale of an asset by December 2017 that will come in just shy of 5x annual earnings (not bad considering 36 months to 48 months is the norm for the industry it serves). The real benefit is that it […]
Wall Street PlayBoys
Nov. 20, 2017, 12:21 a.m.

Crypto Currency a Basic Introduction… The Future.

Decentralized crypto currencies are here to stay and will revolutionize the way we live. The naysayers typically bring up topics such as quantum computers (solved with a fork), 51% attack problems (would be self-defeating as value would go to zero after spending on compute power) and government regulation (which was unsuccessful with BitTorret for the […]
Wall Street PlayBoys
Nov. 12, 2017, 11:19 p.m.

When to Sell Your First Company (Part 1…)

As many of you know we’re selling an online business over the next 3 months. The first part is probably the toughest: deciding when to sell. It’s important because you’ll need to set it up in a way that the buyer is interested and you no longer have interest in scaling the business. In addition, […]
Wall Street PlayBoys
Nov. 5, 2017, 7 p.m.

The Next Big Market and the Underlying Truth About… The Brain.

We get a lot of questions about where people will spend money. We gave a ton away in our book, Efficiency, but we’ll give another one out for free. We’re giving it out for free because it’s a rapidly growing market, we have no interest in building a business around it and it has every […]
Wall Street PlayBoys
Oct. 29, 2017, 9:54 p.m.

Getting Rich and Laying Low

One of the main items we preach here is getting rich and pretending to have nothing. We write the way we do because if we state something as “fact” it makes it a lot more likely that people will try it. In school most people are taught to be “open minded” as their liberal teachers […]
Wall Street PlayBoys
Oct. 21, 2017, 10:56 p.m.

Everything Comes Down to Ego: Feed it to Get What You Want

The reason why people want to be famous? They want to be the center of attention (we have no idea why anyone would want this). The reason people want the Patek watch, Ferrari and big house? To get more attention. The reason why people buy brand name clothing? To get more attention. And. Of course. The […]
Wall Street PlayBoys
Oct. 12, 2017, 4:07 a.m.

How to Operate in Airports and… An Important Announcement

We’re doing a combo post since this will be more informative than anything. For fun, since we’ve racked up more miles than we could possibly imagine the last ~2 years, we’re going to give out all the tricks you’ll need for traveling. In addition, since we’re selling one of our internet assets (expected close on […]
Wall Street PlayBoys
Oct. 3, 2017, 4:01 a.m.

Human Nature Will Never Change. And. How to Profit From It.

Back in 2012, we used to believe that giving out the truth would lead to more competition. That people would wake up, realize their mistakes and take action. After realizing this belief was wrong we started writing here as a hobby (originally to troll the internet which later changed). The reason for this? Human nature […]
Wall Street PlayBoys
Sept. 26, 2017, 8:27 p.m.

Enterprise Sales: A Legitimate Career to Get Rich

This is a guest post from frequent commenter “Tech Sales” who works in the industry and has already *made it* up the stack so to speak. Enterprise sales is one of the few careers we recommend in Efficiency and we thought it would make sense to do a cleaner overview of how to get into […]
Wall Street PlayBoys
Sept. 15, 2017, 7:19 p.m.

Spotting the Mediocre: Ten Common Types

For the past couple of years we’ve had a lot of fun talking about regular people. They are easy to spot as they are entirely driven by emotion, root for the “underdog”, look to gain without adding any value and see everything through two dimensions. Generally speaking, they see the short term gain and lose […]
Wall Street PlayBoys
Sept. 9, 2017, 9:36 p.m.

Life Changing Items to Be Aware of As You Get Older

We wrote efficiency since a lot of our youth was wasted. Reading about “hacks” for health, fitness, money, dating that were all an enormous waste of time. Since the vast majority will still search for special tricks, we’re going to highlight some things to be aware of as you get older. A lot of them […]
Wall Street PlayBoys
Sept. 1, 2017, 8:53 p.m.

Mayweather McGregor “Fight”: Business Tutorial and Controversial Lessons

Now that the fight is over (Floyd won as expected and we made $$$), we think it is the perfect time to highlight all of the chaos that occurred leading up to the fight. A lot of the items will be controversial and several will be obvious for those with a background in sales/business/sports. The […]
Wall Street PlayBoys
Aug. 27, 2017, 4:58 a.m.

Spotting the Fool in the Room

In every situation (where money is involved), there is always a fool in the room. As you can see we’re zeroed in on the fun fight we’re going to watch on Saturday since the quote is derived from Poker: “Look around the poker table; If you can’t see the Sucker, you’re it”. The most important part […]
Wall Street PlayBoys
Aug. 22, 2017, 4:29 a.m.

How to Quit. When Throwing in the Towel is the Right Decision.

Quitting is quite difficult for stubborn intelligent people. They will try over and over to get what they want and sometimes this is the wrong move (they just don’t have the right talents/skills). This is because they have a large ego. The two fastest ways to take down your own ego is to 1) quit […]
Wall Street PlayBoys
Aug. 15, 2017, 2:14 a.m.

Time to Manage Your Own Book?

We’ve been proponents of Dollar cost averaging for over 5-years (long-time followers of the blog will know this) and now we’re going to switch gears and suggest it is better to manage your own book. We’ve seen too many companies get bid up due to participation in specific ETFs/funds etc. that don’t deserve a propped […]
Wall Street PlayBoys
Aug. 7, 2017, 6:37 a.m.

First Public Efficiency Q&A

We are making a slight change as many purchasers were foreigners and we think it is fair to give everyone a shot at asking one solid question each. We’re limiting it to one question for this Q&A because we’re going to keep this open for 24 hours. If you have a question here is how it […]
Wall Street PlayBoys
Aug. 2, 2017, 6:24 p.m.