In this episode, we break down the finance behind the Industry Season 2 finale—and without exaggerating, this might be our favorite episode yet. There was so much to dig into, starting with the trade that the whole season built toward: Jesse Bloom’s long Rican / short FastAid position.
Because the episode references the legendary trade where “Soros broke the Bank of England” in 1992, we also break down that wild real-life story—something anyone aspiring to work on Wall Street should know. That leads us into a deeper discussion on how hedge funds can move markets, the mechanics of currency pegs, central bank credibility, and how macro traders think about asymmetric risk. The real shocker is WHO the brains behind that trade were because it's someone that all us in the US are VERY familiar with these days... and no it's not Soros.
Finally, we look at how all of this plays out across the show's main characters: Harper’s decision leads to her firing, Yasmin is blindsided by Celeste, Gus gets caught in the fallout, and Rishi and DVD’s team pitch to Nomura doesn’t go as planned. We explore how team dynamics, sales credits, and firm reputation impact career progression on the sell side—and how optionality (or the lack of it) drives every character’s choices in the final moments of the season.
For a 14 day FREE Trial of Macabacus, click HERE
For 20% off Deleteme, use the code TWSS or click the link HERE!
Sign up for our LIVE Virtual Bootcamps!
2-Day Financial Modeling Bootcamp
Master the technical Excel and accounting skills essential for investment banking, private equity, and fundamental investing. (Learn more HERE)
Global Markets & Investing Playbook
A one-day crash course on the financial ecosystem, perfect for anyone seeking a big-picture understanding of how global markets and Wall Street fit together.
Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. (Learn more HERE)
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.