💼Dealing with a public relations crisis is crucial for hedge funds like Axe Capital
🕵️♂️Insider trading in biotech stocks can lead to massive profits but also legal trouble
🎯Investing in biotech stocks carries significant risks and requires careful research
🗣️Meeting with headhunters requires discretion and loyalty to protect your career
💰The finance industry offers high salaries but can be challenging to leave
How should hedge funds handle a public relations crisis?
—Hedge funds should hire public relations firms to manage the crisis and get ahead of the story to change the conversation.
What are the risks of insider trading in the biotech industry?
—Insider trading can lead to significant profits but also legal consequences, as seen in the episode when an employee wore a wire to gather evidence.
Why is investing in biotech stocks risky?
—Biotech stocks are highly volatile and can experience drastic price swings based on FDA approvals or rejections, making them unpredictable investments.
What precautions should you take when meeting with a headhunter?
—Meet in a discreet location, never use your corporate cell phone, and prioritize loyalty to your family and personal career goals over company loyalty.
Why is it challenging to leave the finance industry?
—The finance industry offers high salaries and often comes with golden handcuffs that make it difficult to leave due to financial obligations.
01:11Axe Capital faces a public relations crisis after Axe punches someone, risking his reputation and the stability of the fund.
03:23Insider trading in the biotech industry is highlighted as Axe encourages an employee to buy shares in a company before FDA approval, leading to substantial profits.
07:41Wendy Rhodes, the on-site psychiatrist at Axe Capital, considers leaving and meets with a headhunter to explore other job opportunities.
