Rich Handler

This is a very valuable moment in time and there is a LOT to do together. @jefferies $JEF "The two of us have been through more market cycles and swings in our careers than perhaps we care to admit. With this experience, we would like to share our observations about today’s market sentiment, because we find it unique and one that must be appreciated and embraced. It is possible that the current environment portends a sustainable long-term opportunity, or it could be a relatively short pre-cursor of a major market dislocation. Nobody knows for sure, but if we had to put down our wager, we believe for many reasons this is real and durable." Read the full letter here bit.ly/4eEW5Fq

@nishantkumar07 Ben P is special. 💪🏼❤️

SCOOP: Citadel, which rarely backs external hedge funds, has given Benjamin Pass’s Toms Capital about $500 million

@skhetpal Agreed on all. Very smart, consistent and humble.

Abrams Capital is one of the most underrated and successful single managers. David Abrams has compounded at ~15% a year from 1999 to 2014 and manages over $10B today, running what's close to a one-man shop. Let's dive in!

@AlbertBourla You’re wonderful. Thank you for sharing your wisdom with our @Jefferies clients!

Great conversation with @HandlerRich at Jefferies. Competition in our industry is increasingly global, and I have never seen a moment where change has come this fast. That should push all of us to move faster, and AI is the tool that will help us meet the moment. It is good for science, and good for patients.

The more I think about it, while @DanielSLoeb1 was opening up savings accounts, I was working on the liquidation of Drexel (1990) during the day and spending all night (for 3 months) photocopying the hundreds of binders listing all holders of the junk bonds Drexel sold. Since Drexel closed, I had to start over from scratch. We used the copied holders lists to make markets, provide research, and begin investment banking at @Jefferies. 35 unemployed Drexel people came w us to this small (but great) third market agency equity trading firm. Jefferies gave us virtually all of their risk capital ($35mm), an amount I found unfathomable that anyone would trust us with. I was 28. Met Dan a year later. Crazy.

I vividly remember you doing this and I also recall thinking, “what 20-something-year-old even thinks about doing this?” Definitely a harbinger of things to come.

@exec_sum @litcapital Not true. Not arranging any shorts.

Jefferies is becoming the go-to bank to arrange short bets against SpaceX Jefferies is not advising or underwriting SpaceX's IPO $JEF

Jefferies is not promoting any shorting activity regarding any IPO.  Any suggestion to the contrary is WRONG.

Welcome @Jefferies 406 global analyst and associate summer interns (largest ever) representing 144 colleges, universities, & business schools. The markets are wide open so let's get to it! $JEF Read the full letter here ➡️ bit.ly/49t4Yiv

@GavinSBaker @PatrickMoorhead You succeed.

@PatrickMoorhead Unironically, thank you for the kind words. I do try hard to be nice both here on X and IRL.

You know by looking at @GavinSBaker’s replies that he’s a genuinely good dude. He thanks and compliments people non-stop. One of the massively successful investors that are still thankful humans. There are a few, but not many.

Dan was not a broker then. He researched a very complex situation (unanalyzable most said) and figured out the value and how it would be realized. The smartest clients (including Farallon) listened. The rest of us were the brokers who quickly realized that unfortunately for us, Dan was destined to do his own thing very soon. Facts.

@DanielSLoeb1 @HandlerRich Dan, I love you — but you were a broker. The client took the risk. Not sure you should be claiming quite this much credit for it.

@DanielSLoeb1 5% per side.

@HandlerRich “The 5% rule is a guideline not a law.” Interesting that even in your dreams you were complying with maximum spread.

I dreamt last night that I traded $500k of a distressed bond for @DanielSLoeb1 and he caught me working for 4 points. I don’t know if I owe him $20k or if I have PTSD flashbacks from 1992.

@Ninadrama Chairwoman of the Board!

So excited to start my new job at Jefferies Financial Group! Thank you to Jefferies CEO Richard Handler for the opportunity!

Turning that frown upside down during a period of complex issues. $JEF 🌤️ "It is so easy to get pulled into the abyss. We continue to be bombarded by large headlines: two major wars, $100+++ oil prices, AI displacing jobs and possibly opening the door to new cybersecurity issues, an upcoming U.S. midterm election, and violence as a daily reality in many parts of the world." Read the full letter here bit.ly/4251Xko

@BillAckman Just the beginning. Congrats and enjoy the amazing milestone. 💪🏼

See you tomorrow.

Jefferies response to a complicated world with painful and volatile financial markets: Meet Ale Requesens - @Jefferies Associate, Paralympian, and reminder of what’s possible when courage, grit, and optimism lead the way! $JEF 💙🌍⛷️ Read the full note here ➡️ bit.ly/4v2bR3n

Am I the only one who feels like I accomplished something by charging my Oura ring? ⭕️

We will embrace AI in almost everything we do at @Jefferies, but our world will revolve around people. $JEF "Clearly there is endless potential in the constantly evolving and breathtaking advances of artificial intelligence. Many of us, as well as Jefferies overall, are embracing these advances with purpose and excitement, and are already seeing how this technology can make us better at what we do and in how we live. That said, there is an uncomfortable feeling many are experiencing that knowledge workers will now be replaced by technology that is smarter, faster, more accurate and indefatigable than any of us.” Read the full letter here bit.ly/4bhQUcM

@BillAckman @DrEliDavid Who was the hungry junior retail stock broker who gave you the idea? 📈

@DrEliDavid Don’t forget the move in the currency! I am a U.S. dollar investor.

Three months after the October 7 massacre, @BillAckman bought 5% of the Tel Aviv Stock Exchange. Since then, he has seen a massive 8x return on his investment. Never bet against Israel 🇮🇱 _