Litquidity

A financial meme account run by an anonymous former Wall Street banker has become essential viewing for hundreds of thousands of people in the industry. Escape your echo chamber. Get litquidity facts behind the news, plus analysis from multiple perspectives, litquidity. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox, litquidity.

Who is 'Lit,' the man behind the Litquidity Instagram account with going on , followers? After his lunch with the Financial Times, we still don't know, but the pool of potentials is slightly shallower. This doesn't narrow the field much, but we also now know that Lit is a man from an immigrant family in Florida who worked in banking, left for a private equity firm, and then went back to banking. Unlike the head of Barclays' South East Asian investment bank who also moved back to banking from PE and is thriving, Lit then quit to run his Instagram account full time. I was the guy double and triple checking the work. He was also the guy with crippling anxiety.

Litquidity

Things you buy through our links may earn Vox Media a commission. On November 9, the day that Pfizer announced its coronavirus vaccine was more than 90 percent effective, a video appeared on the Instagram and Twitter feeds of the Wall Street memelord known as Litquidity Capital. It was a fast-tempo mash-up of familiar GIFs from around the web, recaptioned to represent various forces in the markets. In this bulliest of markets, with prices popping on everything from stocks to bitcoin to corn futures, Litquidity has emerged as a giddy and astute observer of finance high and low, followed by Reddit day traders and private-equity sharks alike. In late April, the anonymous creator behind Litquidity appeared on my laptop screen in a Zoom window with the video turned off. With a trace of a southern accent, he described himself as a man of average height with a quiet, reserved demeanor. Wall Street is opaque to most of the world, but every so often one of its members will wander onto the internet to give laypeople a peek at what happens inside. But unlike his pseudonymous predecessors — the Goldman Sachs Elevator Twitter account or the disgruntled blogs of Leveraged Sell-Out — Litquidity spoke in pictures. His memes dissected the farce of high finance, poking fun at everything from the cruel incompetence of his managing directors to the monotonous garb of his colleagues. Meanwhile, at work, he kept up his act as a model employee. The double life became easier to conceal last year, when his office started working remotely. By summer, inexplicable, nonsensical events began shaking the markets, fueled by low interest rates and a new force of unsophisticated traders who were stuck at home with cash to burn. It was, in other words, a moment perfectly captured by memes, and Litquidity seized upon the occasion. No matter where you fell on the investing food chain, memes were becoming a lingua franca, capable of communicating the absurd motivations driving the pandemic economy.

Sign up. Litquidity up for Today's Best Articles in your inbox A free daily email with the biggest news stories of the day litquidity and the best features from TheWeek. He didn't want to go back into banking from private equity but was bumped into the move when his PE firm migrated to Florida, litquidity.

Litquidity or "Lit" for short, to avoid confusion with the company name founded the brand back in March Lit is a former investment banker and private equity investor turned full-timer memer and angel investor, currently scouting on behalf of Bain Capital Ventures and co-investing alongside tier 1 VCs. Lit received a bachelor's degree from an Ivy League college. Lit currently resides in New York City and is passionate about increasing transparency on Wall Street, hunting for the next unicorn and decacorn investments, dining at Dorsia, and getting lit af on the weekends. We've got Karl Smith, CFA Level 1 Candidate and a few other minions from prestigious universities with investment banking internships lined up for this upcoming summer. February 7, August 10,

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Litquidity

Inside the rise, ambitions, and secret identity of the ex-banker dominating Wall Street's rumor mill. No one expected an anonymous Instagram account to send the global banking powerhouse Goldman Sachs into panic mode. The Instagram meme account Litquidity published a slide deck produced by 13 Goldman Sachs investment-banking analysts. In the presentation, the entry-level bankers described the isolation of working during the COVID pandemic, when they were busier than ever thanks to a mergers-and-acquisitions boom. The deck was never meant to be seen outside the firm, and it's still unclear how Litquidity got ahold of it. The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Watching all this unfold was "Lit," as he calls himself — the man behind Litquidity, which now has more than , followers.

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By Asya Likhtman Published 2 March By Asya Likhtman Published 28 February Show Leave a Comment. After his lunch with the Financial Times, we still don't know, but the pool of potentials is slightly shallower. A doctor chalked it up to stress, but Litquidity was bothered by the indifference shown to him by senior bankers. A financial meme account run by an anonymous former Wall Street banker has become essential viewing for hundreds of thousands of people in the industry. Most Popular. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. Who is 'Lit,' the man behind the Litquidity Instagram account with going on , followers? What is your email? Get unlimited website access, exclusive newsletters plus much more. Unlike the head of Barclays' South East Asian investment bank who also moved back to banking from PE and is thriving, Lit then quit to run his Instagram account full time. Is Scott loyal enough?

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Separately, the summer spate of banking layoffs is gathering pace. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. Morning Coffee: Citi tries a French approach to eliminating employees. Citadel Securities is entering the corporate bond market in the US. We've got Karl Smith, CFA Level 1 Candidate and a few other minions from prestigious universities with investment banking internships lined up for this upcoming summer. Escape your echo chamber. By Margaret Hartmann. Little is known about the one-time Wall Street insider behind Litquidity. The bank isn't commenting, but Bloomberg says they span 'all levels of seniority'. Create a free account. Unlike the head of Barclays' South East Asian investment bank who also moved back to banking from PE and is thriving, Lit then quit to run his Instagram account full time.