I need your help! I'm collecting questions for a future mailbag that will run on May 26. If you missed the last one, check it out here. So submit any questions you have via this Google Doc. (Don't worry; it's anonymous.) Just no personal finance questions. You wouldn't want advice from me anyway.
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1. The secret of my success.
I've got some career advice for you from an unlikely source.
At first glance, Kristofer Baxter doesn't seem like an ideal candidate for offering tips about succeeding on Wall Street. Baxter has only been at Ken Griffin's Citadel for a little over a year. He spent the majority of his career at companies like Netflix, LinkedIn, and Google.
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He also exists in a world that's different from traditional roles in finance. Baxter leads the hedge fund's user-interface team, Citadel X, which you can read more about here.
But it's for all those reasons why Baxter is exactly the type of person you should be listening to. His outside perspective offers a unique look at what it takes to find success on the Street.
I found much of Baxter's advice applicable to my own job, despite us working in very different fields. Too often, people explaining how they found success on Wall Street, or anywhere, amounts to them bragging about how hard they worked.
They also, conveniently, typically omit relevant details about what really led to their success. (Did you get that job because of your ability to network or because one of your parents has a standing tee time with an MD at the firm?)
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Baxter's tips, meanwhile, are less LinkedIn fodder and more actionable steps all of us could apply to our day-to-day gigs.
3. Andreessen Horowitz is letting early-stage VCs do the hard work for it. The famous VC firm is going to launch a fund of funds for backing other VCs focused on finding early-stage startups. More on the plans here.
4. CME Group considers life outside Chicago. Terry Duffy, CME Group's CEO, told Bloomberg that the exchange operator could leave the Windy City "if we had to." The main issue? The potential for more taxes, of course. Here's what has got Duffy so upset.
5. If you're making six-figures, do you feel like you've "made it?" If you're in NYC, probably not. We asked five young people who have an annual salary above $100,000 how they spend their money and if they feel comfortable. Some of the answers might surprise you.
6. Tiger Global's big bet on the private market continues to sour. The firm, which pushed heavily into startups during the pandemic, is now looking to offload some of its $40 billion portfolio in the space, the Financial Times reports. For more on how Tiger Global's aggressive approach to venture investing backfired, click here.
7. TPG scoops up Angelo Gordon. One way to end the dealmaking drought: Start buying up fellow investment firms. More on the $2.7 billion deal here.
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8. What happens when all these boomers retire? The departure of the older generation from the workforce could create a labor shortage that will last for decades, Insider's Aki Ito writes. That's a good thing for the rest of us.
10. A tropical vacation that doesn't require a passport. Forgot to get your passport renewed? Never got around to getting one? Fear not. Visit these eight islands without having to wait on the paperwork. Check them out.
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