When I was in junior high and high school, I was convinced that I wanted a career on Wall St. as an investment banker. I went so far as to research different firms that I thought I’d like to work for, and Bear Stearns was one of them. Sure this was just a teenage pipe dream that petered out after I discovered other interests, but for a few years, it was all I could think about.
So when I heard the news this week of the collapse of this once-formidable Wall St. institution, I was shocked beyond belief. I have no true ties to Bear Stearns or anything like that, but I still feel as though the firm played a big role in my life. You remember how everything seemed so important when you were 14, right? What can I say… my heroes weren’t athletes, they were investment bankers.
The Reuters photo above says it all… $2 per share… wow.