Ariel Investments: Black Excellence or Example of Selling Out

[Hard Times Nakamura]

They really do. Most these firms get money from pensions plans bc they are black. 90% of the money comes in bc of that. These ppl don't wanna work for them. shyts a political play most ain't privy to how all this works. But if u wanna put in the work to truly understand how this ecosystem for black investment firms work look at papers written by National Association of Investment Companies

To be frank most on here have no idea wtf they are talking about. I don't have time to write dissertations so the truly interested can click that link and research on how this world operates.

Look I get where they are coming from completely. But I have been in situations where they don't hire a brother because he's a 21 year old kid fresh out of school and blanked on how to do a regression model but passed the rest of the interview with flying colors.

They hired the White boy because he did the regression model perfectly despite having poorer communication ability or ability to problem solve. But they hired the token White or Asian kid that knew the textbook from front page to back.

Like come on man the older generation throws the small amount of millennial actually worth a damn under the bus then got the nerve to complain about their own children being underemployed in the labor market when they are contributing to the problem with shuck and jive movements all over the place.

Many American companies have dysfunctional hiring processes Black firms are no exception. But we need to cut each other some slack if the kid looks promising put him through additional hoops to jump through but don't just drop him on round 1 of 5 because he choked on one particular thing.

 

[Warren Moon]

Look I get where they are coming from completely. But I have been in situations where they don't hire a brother because he's a 21 year old kid fresh out of school and blanked on how to do a regression model but passed the rest of the interview with flying colors.

They hired the White boy because he did the regression model perfectly despite having poorer communication ability or ability to problem solve. But they hired the token White or Asian kid that knew the textbook from front page to back.

Like come on man the older generation throws the small amount of millennial actually worth a damn under the bus then got the nerve to complain about their own children being underemployed in the labor market when they are contributing to the problem with shuck and jive movements all over the place.

Many American companies have dysfunctional hiring processes Black firms are no exception. But we need to cut each other some slack if the kid looks promising put him through additional hoops to jump through but don't just drop him on round 1 of 5 because he choked on one particular thing.

I'm not disagreeing with u. But black investment firms have the least amount of leeway your requesting. Their money would get pulled in an instant if they have one bad year and despite how big Ariel investments is, they are still not big enough to make the time commitment to train half of their new hirees. Only huge banks and investment firms have that luxury

 

[Warren Moon]

Look I get where they are coming from completely. But I have been in situations where they don't hire a brother because he's a 21 year old kid fresh out of school and blanked on how to do a regression model but passed the rest of the interview with flying colors.

They hired the White boy because he did the regression model perfectly despite having poorer communication ability or ability to problem solve. But they hired the token White or Asian kid that knew the textbook from front page to back.

Like come on man the older generation throws the small amount of millennial actually worth a damn under the bus then got the nerve to complain about their own children being underemployed in the labor market when they are contributing to the problem with shuck and jive movements all over the place.

Many American companies have dysfunctional hiring processes Black firms are no exception. But we need to cut each other some slack if the kid looks promising put him through additional hoops to jump through but don't just drop him on round 1 of 5 because he choked on one particular thing.

I'm not disagreeing with u. But black investment firms have the least amount of leeway your requesting. Their money would get pulled in an instant if they have one bad year and despite how big Ariel investments is, they are still not big enough to make the time commitment to train half of their new hirees. Only huge banks and investment firms have that luxury

 

[Hard Times Nakamura]

I'm not disagreeing with u. But black investment firms have the least amount of leeway your requesting. Their money would get pulled in an instant if they have one bad year and despite how big Ariel investments is, they are still not big enough to make the time commitment to train half of their new hirees. Only huge banks and investment firms have that luxury

Those ridiculous standards are reasons our community can't grow. Kim Jong's firm can underperform by -5% and Billy Boy's can underperform by -10% and it's "still within range of expectations" but Ariel firm underperforms by -2.5% and all funding is withdrawn "due to not meeting expectations" for 1 year?

Let it be known I'm no finance industry guru but we only have ourselves to blame because at the end of the day we should not be relying on Whites for money. Instead of setting up a Black investment firm reliant on pension money largely contributed by Whites we should be focusing on more neutral ground like brokerages and trading desks that are free market involving both foreign and domestic assets or commodities.

 

[Cynic]

Those ridiculous standards are reasons our community can't grow. Kim Jong's firm can underperform by -5% and Billy Boy's can underperform by -10% and it's "still within range of expectations" but Ariel firm underperforms by -2.5% and all funding is withdrawn "due to not meeting expectations" for 1 year?

Let it be known I'm no finance industry guru but we only have ourselves to blame because at the end of the day we should not be relying on Whites for money. Instead of setting up a Black investment firm reliant on pension money largely contributed by Whites we should be focusing on more neutral ground like brokerages and trading desks that are free market involving both foreign and domestic assets or commodities.

They need to raise capital elsewhere perhaps overseas or from sovereign funds because Amerocacs
ain't sh!t. I would have suggested raising it from the wealthiest nigerian business people but there is a
huge level of distrust amongst the older generation plus a sense of impatience then there is the regulatory
b.s. that would come with that.

 

[Hard Times Nakamura]

They need to raise capital elsewhere perhaps overseas or from sovereign funds because Amerocacs
ain't sh!t. I would have suggested raising it from the wealthiest nigerian business people but there is a
huge level of distrust amongst the older generation plus a sense of impatience then there is the regulatory
b.s. that would come with that.

Yeah man Nigerians need to stop that uppity shyt and work together with us. We can only mutually benefit.

 

[Cynic]

Look I get where they are coming from completely. But I have been in situations where they don't hire a brother because he's a 21 year old kid fresh out of school and blanked on how to do a regression model but passed the rest of the interview with flying colors.

They hired the White boy because he did the regression model perfectly despite having poorer communication ability or ability to problem solve. But they hired the token White or Asian kid that knew the textbook from front page to back.

Like come on man the older generation throws the small amount of millennial actually worth a damn under the bus then got the nerve to complain about their own children being underemployed in the labor market when they are contributing to the problem with shuck and jive movements all over the place.

Many American companies have dysfunctional hiring processes Black firms are no exception. But we need to cut each other some slack if the kid looks promising put him through additional hoops to jump through but don't just drop him on round 1 of 5 because he choked on one particular thing.

There is no cutting slack when a potential hires costs 100k breh. You have to be vigilant AF.

 

[Hard Times Nakamura]

There is no cutting slack when a potential hires costs 100k breh. You have to be vigilant AF.

Junior Finance Analyst or Investment Banker 65-75k TOPS

 

[Cynic]

Junior Finance Analyst or Investment Banker 65-75k TOPS

I meant the time required to train a new hire

 

[MostReal]

Excuse my ignorance cause I'm an imbecile when it comes to the business world but what exactly do these companies do for other companies? Are they like venture capitalists?

 

[satam55]

Excuse my ignorance cause I'm an imbecile when it comes to the business world but what exactly do these companies do for other companies? Are they like venture capitalists?

According to Wikipedia:

https://en.wikipedia.org/wiki/Investment_company

An investment company is a company whose main business is holding and managing securities for investment purposes. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses.

 

[satam55]

What other black-owned Investment firms are y'all familiar with?

 

[Larry Lambo]

What other black-owned Investment firms are y'all familiar with?

From Black Enterprise:

CastleOak Securities L.P. New York, NY David R. Jones
Loop Capital Markets L.L.C. Chicago, IL James Reynolds Jr.
The Williams Capital Group L.P. New York, NY Christopher J. Williams
Siebert Brandford Shank & Co. L.L.C. New York, NY Suzanne Shank
Rice Financial Products Co. New York, NY J. Donald Rice Jr.

 

[Warren Moon]

From Black Enterprise:

CastleOak Securities L.P. New York, NY David R. Jones
Loop Capital Markets L.L.C. Chicago, IL James Reynolds Jr.
The Williams Capital Group L.P. New York, NY Christopher J. Williams
Siebert Brandford Shank & Co. L.L.C. New York, NY Suzanne Shank
Rice Financial Products Co. New York, NY J. Donald Rice Jr.

Some of those r investment banks