There's a fascinating live-stream going on right now of Warren Buffett interviewing former Treasury Secretary Hank Paulson at this link. Buffett started off the interview asking for advice on picking up women, a reference to an anecdote in Paulson's new book about his first date at Dartmouth with his longtime wife, Wendy. His second question was about Paulson's mother, who didn't want her son to take the Treasury job and work in the Bush administration, and even started sobbing when she found it he took it. Paulson says she has since reversed her opinion on President Bush, which prompted Buffett to suggest that maybe she'll eventually reverse her opinion. They've finally gotten into the nitty-gritty of the Wall Street drama of 2008; Paulson said earlier that we would have had 25% unemployment if Congress hadn't acted in fall 2008. Anyway, it's really fascinating stuff. The live stream is right here.

The Dow is up 190 points so far today, and if there's one guy who's surely making serious coin in this market, it's Bert Breakfast, a junior analyst at Goldman Sachs. BroBible.com and Bernie Hatefield Productions caught up with Bert recently to discuss his transition from the D-I lacrosse field to Wall Street, how he and his friends are coping with the recession, and why Jagerbombs are the keys to a girl's heart. The insightful, hilarious video is after the jump.

Update: Video should be working now...  Keep Reading »

Aight bros, here is a compilation of the best movie posters that would be funny/awesome as shit to do during a BJ. The Ferris Bueller This one is the simplest and one of the best. If you're getting sucked off...  Keep Reading »

Always wanted to work on Wall Street? We hope you enjoy taking female hormone pills, not to mention getting golden showers from your boss. A famous 2007 lawsuit brought by Andrew Tong against his employer SAC Capital, alleged that Tong's boss, portfolio manager Ping Jiang, "forced him to take female hormone pills as part of a slightly unorthodox philosophy of Jiangs that male traders needed to be more like women (not as aggressive, etc.) in order to maximize returns," according to Dealbreaker. There weren't too many more details about the case until this week when the sealed court documents were opened. Dealbreaker has the juiciest parts of the docs, which reveal that Jiang forced Tong to wear a thong; called him repeatedly a "whore," "piece of shit," and "stupid girl'; Jiang would pinch Tong's ass in front of co-workers; Jiang performed oral sodomy on Tong; Jiang tied Tong up with ropes and forced foreign objects up Tong's rectum; Jiang restrained Tong again and pissed in his mouth; Jiang requested blowjobs in order "make that trade"; and finally, Jiang asked Tong to "disseminate false negative analytical reports" about a certain stock in order to benefit SAC's trading position. We're guessing prosecutors were most concerned about that last bit.

So after the massive response we received from yesterday's article, "The 12 Hottest Female Anchors on Business Television," we knew we had to do a follow-up piece on the Bloomberg babes, who, as Dealbreaker correctly nailed us on, we failed to include in the first go-around. It's not that we have anything against Bloomberg, it's just, honestly, who the hell watches Bloomberg television? Having said that, Bloomberg is loaded with a stable full of some serious talent. We went through the lineup and picked out the cream of the crop.

Now, unlike other networks who will remain nameless (coughCNBCcough), Bloomberg is not all about shameless publicity, so it was difficult to find a ton of background information about their female anchors on Bloomberg's website (or anywhere else on the Internet for that matter). But it's not like anyone is looking at these articles for the bios anyway. So here they are: the hottest DL babes from Bloomberg television and one bonus babe to top it all off. One more thing: we're really sorry Dennis Kneale, but there won't be a Hottest Male Business Reporters follow up after this. You can put your pants back on.


Deirdre Bolton  Keep Reading »

Have you heard about the huge insider trading case involving the Galleon Group and its founder, Forbes 400 list billionaire Raj Rajaratnam? There has been a ton of stuff in the news about the scandal this past week (today, it was announced that Galleon would be shutting down its hedge funds, so we want to break it down and tell you what you need to know about the case.

We'll start things of by giving you a quick bio of all the major players that have been charged so far:

Raj Rajaratnam: Founder of the Galleon group, recently ranked by Forbes as the 559th wealthiest person in the world with an estimated net worth of $1.3 billion. Raj was born in Sri Lanka and graduated from the Wharton School of Business. He's worked in the financial industry his entire career; before founding the Galleon Group he worked at technology boutique Needham & Company, where he rose through the ranks to become president in 1991. Rajaratnam founded the Galleon Group in 1997; the company now has north of $3.5 billion in assets.  Keep Reading »

Last week was a very big one for the markets. Although more psychological than anything, we saw the Dow pass the much talked about 10,000 mark. The Dow, however, finished the week below 10,000 (still up slightly for the week) as investors took profits and contemplated whether or not the rally has legs to move beyond 10,000. The Brodex had another killer week surpassing the 1,000 level and finishing the week at 1,002.33. This was a move of almost 30 points.

Market drivers last week came from a number of different earnings reports. The most important earnings for the market were from Intel, Goldman Sachs, and Google. All three companies reported earnings that came in above analyst expectations, Google in particular reporting the best numbers of the group. Goldman and Intel both sold off after their earnings in part because both companies had run up considerably leading up to earnings. Even though Goldman beat estimates considerably thanks to huge profits from fixed income trading, investors were somewhat concerned that revenues form its traditional investment banking business came in on the light side. Investors took profits on Intel when the company announced a slower growth forecast than initially expected. Google reported the best numbers in the group and the stock shot higher when its chief economist declared the recession over and cited improving conditions going forward.  Keep Reading »

A man in a hot air balloon realized he was lost. He reduced altitude and spotted a woman below. Descending a bit more he shouted, "Excuse me, can you help? I promised a friend I would meet him an hour ago BUT I do...  Keep Reading »

Last week the market continued its recent sell off and finished in negative territory for the second week in a row. The Dow shed nearly 200 points on the week while the S&P was off roughly 25 points.

A number of economic reports came in below analyst's expectations, which helped fuel the continued downtrend. Perhaps the most disappointing number of the week was the September unemployment number released on Friday before the market opened. Analysts were expecting job losses of 175,00 for the month of September, but the number came in much higher at 263,000, even worse than Goldman Sach's bearish 250,000 estimate.

Despite the turmoil in the overall markets, the Brodex remained virtually unchanged for the week giving up just 2 points to close the week at 964.47. The Brodex was held up last week with strong performances from tech heavyweight Apple and apparel giant Nike. Apple received an upgrade from UBS, which raised its price target from $170 to $265. They based the upgrade on strong iPhone sales and further growth from its App Store. Nike saw its shares surge last week after another blowout quarter, where the company topped analysts' estimates. Investors were encouraged that Nike continues to do well in a tough economy and see future growth once the economy begins to turn around.  Keep Reading »

So after launching the Brodex and with the first week in the books, we want to take a look back at the past week and the week ahead. The market started off the week in positive territory, with some help from the Fed, which kept interest rates unchanged on Tuesday as investors had expected. This helped the Dow to rally above 9,900 on Wednesday, its highest level in almost a year. A vicious 160-point reversal in the last hour of trading, however, saw the Dow close down 90 points on the day.

On Thursday, better than expected jobless claims numbers were offset by a surprise drop in existing home sales, where investors were expecting a slight uptick. Brodex heavyweight Research in Motion didn't help things when it reported lower-than-expected quarterly earnings after the close on Thursday. RIMM sold off big on Friday closing down 14 points at $69 a share.

Those results weighed heavily on the tech-heavy Brodex which shed 19 points on the week. It was also dragged lower by a sell off in the broader markets, which saw the Dow close in the red three days in a row.  Keep Reading »

As a part of the new finance section of BroBible we decided to come up with a little something called the Brodex. The Brodex is an index made up of stocks of companies that make Bro-related products. The idea is to basically see how well Bros are living by following the stocks of companies whose products they use. We'll track the Brodex against the other major indexes like that Dow and S&P and see how it stacks up. So here is a list of all the 19 companies that make up the Brodex and a little description about each one and what they do. We'd like to round out the Brodex with 20 stocks to begin with, so let us know in the comments which company you think we should include. We will be giving weekly updates and commentary letting everyone know how it's doing and why it's doing what it's doing. The Brodex currently stands at $985.36.

All stock quotes via Yahoo Finance. Last trade: 11:37 a.m. ET, Sept. 24, 2009

Booze, Food, and Soda:

Coors Light (TAP):
Last Trade: $47.87
So this one is pretty self explanatory: Coors is the maker of Coors Light and Coors Original. Also the geniuses that invented the insulated can and the label that changes color to tell you when your brew is cold enough to drink. And what bro doesn't enjoy a cold brew?

Anheuser-Bush (BUD):
Last Trade: $45.60
We all know that Budweiser is now the great American import but, hey, it's still brewed in the States and tastes damn good. They have also had some great marketing campaigns from the Budweiser frogs to the Budweiser horses. They're an American cornerstone and therefore deserve a spot on the Brodex.

Brown-Forman Corporation (BFB):
Last Trade: $48.90
Brown-Forman is the little-known company that brings you probably the most well know hard booze in the bro arsenal, Jack Daniels. What Bro doesn't like some kind of drink involving a little or a lot of Jack? They are also the makers of Southern Comfort.

Buffalo Wild Wings (BWLD):
Last Trade: $42.24
What a great idea -- let's see how many flat screens we can legally put in one restaurant and then serve the hottest wings you can find. And to top it off, dollar beer nights. Whoever came up with this idea deserves a spot in the Bro Hall of Fame.  Keep Reading »

Brommunity, allow us to introduce ourselves: we're Brodon Gecko and Bigdicklotta$$$, and we will be writing and managing the new finance content on BroBible. We are both in our early twenties and have a passion for the financial industry. We have had experience trading and investing and worked for various companies in the industry. Our goal with the new finance section is to give the average Bro a better understanding of the financial industry and keep you up to date on what's going on with the markets and within the industry.

We want our content to be informative and helpful but also entertaining. So we will be doing regular features like the "Wall Street Baller of the Week," in which we profile a different Wall Street high roller, and "Market Tip Off," so you can BS with other money guys and talk the financial talk. Another one of our main points of focus will be the Brodex, an index of stocks near and dear to the Bros' heart, which we will follow closely and provide commentary on weekly. (Stay tuned for a formal introduction of the Brodex.)  Keep Reading »

We love the fact that Oliver Stone and Michael Douglas are teaming up again to make a sequel to the late-80s classic, "Wall Street." But Shia LeBoeuf in the Charlie Sheen role? Can someone bail this casting out?

We know the job market sucks and there is barely anything out there. But we still want to make sure that when you find an opportunity, you make the most of it. This week we're offering up some BroBible crash courses in the first step in landing a job in your dream industry: the interview. We'll tackle real estate, sports, law, and more, but up first is finance. We asked five first-year analysts who work at top investment banks in New York City to offer their advice on interview etiquette and how to lock down your dream job in finance. Take their advice, they've been through it and crushed it out of the park.

Slow Down Your Swagger: No one wants to give a job to a 21 year old who already thinks he's a Big Swinging Dick and walks in wearing a blue shirt with a white collar and a Ferragamo tie. Dress well but not over the top. Go with a navy or gray suit and leave the light brown Italian loafers at home -- black lace-ups are a good choice. White shirt. Light blue tie (no Michael Irvin ties with a 3 inch wide knot). It's not a style contest, blend in: the interview is not about your appearance unless you screw something up.

Be Informed: Show up the morning of the interview having read the newspaper for that day and be well versed in what is going on in the world of finance. Also, know latest stock price of whatever company you are interviewing for.  Keep Reading »

Wall Street giant Morgan Stanley is expected to lay off between 1,500 and 1,800 workers on Monday, about 3 to 4% of its workforce, but BroBible has learned new details about the buyout offered to analysts ahead of the job cuts. All second- and third-year analysts were told this week that they have 10 days to decide whether to stay or leave. Second years were offered an incentive of $27,000; third years, $32,000. (First years are not impacted by this.) If not enough second or third years volunteer, the firm will start making cuts. Bros, would you take the money and run? Or would you take the risk and hope you don't get fired on Monday?