Industry (2020) s02e06 Episode Script
Short to the Point of Pain
1
double check their shorting closure
amid a resurgence
Have I got a Christopher Stefanowicz
in research?
Speaking.
- You look at UK pharma, right?
- I do, yeah.
Do you cover FastAide Chemist group?
Anything behind the rally
into the close? I I thought
it might be the ex-Amazon
guy becoming the new CTO.
Uh, that's quite a bullish signal,
yes, but it's already priced in
and we don't really
publish about it anymore.
Uh, try the cash
equity guys in New York.
Sorry, I'm out to dinner.
When asked about institutional
investors' sums
Is there a pharma trader on
the desk I can speak with?
Yeah, is that London?
It's a small UK-listed equity,
but can you tell me what's
going on with the name
FastAide Chemist Group?
I'm wondering why it keeps
ticking up even after market.
Where is it indicating to open?
Sec, sec um, plus 30.
What the fuck? Sor uh,
excuse me for the ripe language.
Don't apologize.
Stock's a piece of shit.
Uh, you know, I guess it
tends to be very choppy.
Oh, wait, hang on, one
sec. I'll be right back.
Nah, you seen Reddit?
Check Wall Street Bets.
FastAide's mentions are out of control.
Guess it makes sense. Enormous,
short base, busted company.
Retail investors on Reddit
are trying to save it
from hedge funds, but,
you know, they're short
- and want it to fail, so
- People keep saying,
that it's the "darling of
the British high street,"
- whatever that means.
- Retail investors
are obviously nostalgic about it,
the same way they were
about GameStop, Nokia,
Blackberry.
Well, hold onto your hats
if you're short though
'cause this is about to rally.
I told my biggest client
to be short, in size.
I told him FastAide was going to zero.
Well, is he a hat guy?
I mean, tell him to hold onto it.
I'd get him out ASAP.
Good evening,
Mr. Bloom is currently unavailable,
but please feel free to
leave a message with me.
Okay. It's Harper Stern
from Pierpoint calling again.
I I need to talk to him
about his FastAide short.
I'll be sure to pass that on.
- Here you go ladies.
- Oh, my God.
Why do they keep bringing us these?
I feel like every time I
finish one, there's another
waiting to be dispatched.
I asked them to keep them coming.
Ladies.
My antenna were up for
overt displays of joy.
Drew me over.
So, how about a few to celebrate
Yasmin's big move to PWM?
- On me? Not in me, obviously.
- Yeah, I hear the tonic water's
really great here. And
why don't you fuck off back
to the bar and buy yourself
one as a leaving gift to me?
Kenny.
Wow. That seemed like
- an outsized reaction.
- It was undersized, trust me.
I am so glad to be leaving.
All right.
I'm looking forward to working on you.
Sorry, with you My English.
You see?
I think your English
is better than mine.
See?
Simpler.
It's, uh
It's not a good idea.
It's the best idea,
but it's not a good idea.
Nothing quite like a promotion
to make your life feel worthwhile.
What are you doing here?
Came down a day early.
Thought it'd be nice to
see you outside the usual
- family context.
- Oh, thanks.
Tell me all about the new job.
I haven't actually moved up, yet.
It's not exactly a "SPAD" role,
but she needs some help organizing
this anti-competition thing
that's taking up all
of her time and, uh
That's so exciting. Well done.
It's great to have someone
to fight for our interests
- on the inside.
- Mm. How's it been?
Better, obviously. But you know.
They've advised we have PTSD therapy.
- Oh.
- But I don't have enough time.
I think I've got an
opportunity to move to Chelsea
and Westminster hospital,
if I make consultant though.
I've been doing night shifts,
and found myself half applying
for an MRes in Experimental
Neuroscience at Imperial.
Then I drift off, wake
up and get back to work.
I don't think I'm going
to take the promotion.
I know it sounds a bit New Labour,
but I feel like I'm
making a difference in ways
I can actually see.
And it's tiny and tiring, but
it's definitely there.
You gotta do, what you gotta do.
But Mom would be fucking relieved,
- if you took the new job.
- I'm enjoying what I'm doing.
You know she knows you
left Pierpoint, right?
The world's best worst-kept secret.
The only person I told
about you was Auntie Mama.
And A, they don't speak,
and B, I wasn't specific.
I just said I was writing a book.
Lord have mercy.
- And what did she say to that?
- She told me to "stop dancing"
and "find employment."
Are you seeing anyone at the moment?
Yes.
Do you want to go up to Eton
together tomorrow?
I'm going to get there early
and have lunch with Isaac.
I've got to be here.
Hmm.
- Uh, Rish?
- Yeah?
Where's FastAide indicating to open?
Plus 40 percent. Still top of Reddit.
- Power to the people, eh?
- Ah, the illusion of power.
Dunno, you know, these
retail investors, man.
Any clueless knobhead with a phone
shouldn't be allowed to download an app,
punt around and move the market.
Why not? It's democratic.
We're just clueless knobheads
- but with more screens.
- And better tailoring.
You know my mom bought my
baby formula from FastAide.
Be a shame if it went
tits up like Woolworths.
I don't think a couple
of clueless knobheads
are gonna save this.
Rish, does this squeeze have any legs?
It'd be fucking painful to be short.
Uh, Pierpoint's axed the right way.
Even if Reddit's just noise,
it's it's not harmful noise.
Remember, the, uh, Bloomberg
Invest conference today
has the potential to
be a dynamite catalyst
in the medical space. There's
a lot of flow around it.
Yeah, this is a day of
bloodletting and king-making.
It does have an atavistic feel, yes.
You what?
Oh, atavistic. Uh, like, um
Primal.
That's fucking right mate.
That's fucking right.
Tell me you got Jesse to buy FastAide.
The guy's now 40 percent
of the desk's flow.
I gave you the autonomy to cover him,
and part of that contract
means you need to sell him
on the desk's ideas.
It's bring your kid to work day.
I wanted to see where Mommy worked.
You look smart, if a
little uncomfortable.
Yeah, I better get used to it.
Gucci ties for fireside chats.
Can't exactly go to a
Bloomberg conference wearing
a Black Dog Tavern T-shirt from '98.
You're going to Bloomberg Invest?
Can't you just send a senior PM
to present your firm's top three ideas?
Sometimes, it's not about the idea,
it's about the suitably
attired presenter.
They want me to talk to
the future of telemedicine.
For all intents and purposes,
my investment in Rican
makes me look like a
thought-leader there.
They don't know I got you into it.
Mm-hmm. Plus, I'm thinking of taking
on a more ambassadorial role.
Presidential even.
Out of the day to day,
you know, chart watching.
I owe you a tremendous
apology for going AWOL.
I had some personal stuff.
It will never happen again.
People have personal stuff
going on all the time.
That's literally what being alive is.
You know, I didn't come
to London to, uh, work.
How is Leo?
How the fuck would I know?
You see him more than I do.
Look
when I met you in the hotel,
I had no intention of talking
to you quite as much as I have.
But given that I've
invested all of that time,
and given the opportunity cost
of all that time invested
how dare you not pick up
the fucking phone to me?
I tried calling you several times.
After missing several of my calls.
Jesse, I have done everything
to facilitate your business.
I got you into Rican
at an amazing discount.
The telemedicine play.
And I took you short
on FastAide, their biggest competitor.
How's that going for us?
I even took the flow
away to Goldman to do it.
It was that high conviction of view.
It simply hasn't worked yet.
There's a group of
Reddit school shooters
trying to force me out of
that fucking FastAide short.
There's no way that they know
you have a position. It's not personal.
What do you know? They
fucked me on GameStop too.
They think I'm a vulture profiteering
off of everything bad in the world.
All my peers are stopping out.
Well then that's their
loss because FastAide
is going to zero.
What if Bezos comes back
down to Earth and decides
to make FastAide Amazon's next pet?
Brick and mortar is dead.
If not today, then tomorrow.
No matter what any tech bro tells you.
There he is. Dimples 2024, over here.
I was just telling Harper here,
how my, uh, coverage at Goldman
has advised me to stop
out of my FastAide short.
Your, uh, you're short on
my favorite equity story?
Uh, I think Goldman
thinks it's unbecoming
that I'm getting pounded
by a group of involuntary celibates.
Think I should, uh, cut my losses,
before I'm too deep in the red
and I end up on the
front page of the Journal.
Well, the Reddit squeeze is a
distraction from the acquisition story.
The Amazon guy joining
is just the first signal.
Amazon buy FastAide, uh,
I reckon they become favorites
to win the hot NHS contracts
and blow competitors like
Rican into irrelevancy.
Harper.
What would you do? Would
you stop out of FastAide
or would you run it?
Obviously, as a member
of the Pierpoint CPS desk,
I would have never taken you short.
Wouldn't you?
But if I were your coverage
at Goldman, I would say
"What is your threshold for pain,
if you believed in the
idea in the first place?"
Danny, final thing. If
your coverage had gotten you
into a structurally broken
company like FastAide,
with a massive short base,
and then hid when it began
to rip the other way, what would you do?
Call them an amateur and pull the line.
Oh, yeah, without a
doubt, line out, finished.
Yeah? So what have we done
to deserve your presence?
Oh, well, I just wanted
to make Harper look
like a, uh, rock star on the desk.
You gonna tell me what
the fuck's going on?
I don't know what you're talking about.
Spare me. What was that dance?
- He's eccentric.
- You're his coverage.
Our highest conviction long
this quarter has been FastAide.
Why is he short at the point
of pain? Explain that to me.
Do you really think he listens to me?
I'm a fucking third year analyst.
He keeps me around because I'm young
and a woman and I nod at him.
Do you expect me to buy that shit?
Whatever happened in
Berlin, whatever is happening
between us personally, we
we established a very
healthy working relationship.
So if you're in trouble, just say.
I can't believe I'm talking
about this on the hoot, but
for better or for worse
- But don't lie to me.
- loads of kids
- on the internet
- We don't come back from that.
are making FastAide
the market story of the day.
I have nothing to do with this.
This is why guys like
Bloom are so hard to cover.
You're you're disposable.
He's probably got a Harper
working at every other place
- on the street.
- I doubt it.
It's about over, plus 30 percent.
So, I'll be fielding questions
on flow color for ten minutes,
and ten minutes only. This
is beneath me. Thank you.
That's your ego speaking.
You might have heard
Adler's coming over for
Rif, but that's just a ruse.
Between us, I'm not
supposed to say this yet,
but colleague to colleague,
I've earmarked you for New York
when we subsume the London desk.
You can cover Jesse from there.
You can have whatever glory you need.
But I'm gonna help you call the plays.
You've made Jesse too
important to us now.
That decision's already been made?
What about the rest of the desk?
Couple of weeks ago. Firmly.
They're still deciding who
to take to New York, but
CPS London's cooked.
And you've known the whole time. Right?
Adler talked to me a
couple days ago and
he asked me who was worthy of being
beamed up to the mothership. I said,
you. And, of course, Bloom.
All we have to do now is
sing from the same hymn sheet
and everything will be golden.
You told me not to give a
fuck about your personal life.
Just don't lie to me
in here, Harper. Okay?
You still up for Tough
Mudder next week then?
Oi, Hanani. Is it possible to
be long vega but short gamma
on an option structure?
- Uh, I don't know.
- Oh, answer the question,
you ditzy cunt.
Yeah, yeah, answer it, you silly bitch.
Have you ever been horrible
to anyone in your life?
That was fucking pathetic.
Sorry, I have no idea what's going on.
Whoo!
- Fucking hell.
- Got you a gift.
You shouldn't have.
Wow. Is it Tiffany's?
Oh, fuck off, clean-shirt.
In case you get bored on
the way to the meeting.
Well, that's very thoughtful. Thank you.
Shame Wyndy's not here.
Yeah, thoughts and
prayers. Anyway, uh
I didn't realize
how much I enjoyed having you around.
I appreciate you.
Nice one.
Kenny. Uh, I'm really
sorry about last night.
I'm not exactly sure what I
said, I know it was heinous,
- given that I woke up ashamed.
- Ah
they asked me to weigh in
with a practical joke as well.
I didn't know if it was
inappropriate or not.
And also, I didn't know
how long it was gonna take,
but once it was started,
I was all in, so
- I don't really use a stapler.
- Yeah, I had to Amazon it.
Joke still stands though.
Is that like a sober thing?
- I'm really lost.
- You should, uh
you should really watch more telly.
Good luck.
Thanks, guys.
- Nice one. Fucking LOL.
- Uh-huh.
Pierpoint, Yasmin speaking.
It's your new boss.
Can you take an hour off for lunch?
Yeah. Sure.
I'm very free.
You're based in Notting Hill, right?
FastAide opens up at 45 percent.
That is wild, wild shit.
How'd they pull themselves away
from their stepsister porn
long enough to buy the stock?
Fuck's sake, go down you piece of shit.
Uh, you know it's like
CVS or Boots in the UK.
Oh, do you have, uh,
a Robinhood account?
Yeah, they're they're not
actually not allowed here.
I know we haven't really
spoken, um, since Berlin.
I'm here to talk about
it whenever you want.
I mean, obviously, not right now.
Whenever else.
There's nothing really to say.
Super fun trip though, right?
Yeah. Super fun.
You sure you're okay?
I've drunk myself into infamy.
Can I have one of
your vitamin C tablets?
I have a client lunch, um,
- need to equilibrate the brain.
- You don't have to ask,
you can just come take it.
It's my last day on the desk today.
Nice. Congratulations.
It means we're not going to be
seeing so much of each other.
I'm not gonna be in your eyeline.
- It's not a very big building.
- It's quite big
Sorry, is there something
else that I can help you with?
It's just this morning
has been a bit crazy.
Fuck's sake, I should
have been in long PA.
This thing is moving.
You sure you're not gonna miss this?
Well, you should come
over for dinner sometime.
I've got a new pizza oven,
in the garden and it's harder
to get going than a nuclear reactor.
You might be able to work it.
H, have you seen Bloomie? Gus' boss
just got elevated to Health Minister.
So that's bearish
FastAide, bullish Rican?
Nah, it's bullish
FastAide, bearish Rican.
- That's right, ain't it, Harper?
- Sounds good. Let's find a time.
- I'll miss you.
- Miss you too.
What, when Bono retires?
What?
Fuck the FCA, mate. I
think I'm gonna have to get
a burner and download Robinhood.
These geeks are making money.
Turin in '05, I bunked onto the plane,
- and bumped into the ground.
- You did?
The first time we played
Juventus since Heysel.
It was fucking heavy,
lad. F Police escorts,
fucking raining bottles
of piss and coins.
That's when you feel alive.
I went missing for two days
- after, you know?
- You stop going?
Sorta fell away, you know.
Tickets were expensive
and then my mates
they stopped sorting me
'cause I kept going missing.
Hey, I think I'm too much for
some people, you know, lad.
- Nah, you're all right mate.
- Yeah?
Hey, listen, look have you, um,
have you managed to find a counsellor?
No, it's just, look, um
It's just that I've been given, a
A few months wait they said.
- Well, come on, given what?
- Nothing.
But look, it's I'm not
qualified to talk to you
about that kinda thing.
It's irresponsible.
What about the guy I connected you with?
Oh, him? Nah
crap.
There's this service
we're hoping to roll out
to the public eventually.
At the moment, it's a bit pricey,
but I'll be happy to cover
you for a few sessions.
Nah, you don't have to do that, lad.
No, no, look, as many as you
need. Just go to the app store
and look for Rican.
- Hey, what's funny?
- Oh,
you got no idea, have ya?
- What?
- A fucking app store on that?
- That's your phone?
- Yeah.
- Looks like Lego.
- Look, it vibrates and everything.
Hey, bum head, have you
never seen one of these?
Look, um, I've I've
got, uh, I've got a thing
out of town today, but
I'll be right here when
you're back this evening.
- Yeah?
- Yeah.
Sound.
My house isn't exactly
a renowned lunch spot.
Although, there is the original
Ottolenghi round the corner,
if you want to order in.
- Would you like a drink?
- Water, if you have it.
Yeah.
I have water.
I live in a major conurbation.
London, so, uh
Yeah.
I have water.
Don't be nervous.
I'm not nervous.
I want to taste you.
I don't really think your
little brother's confirmation
is the most apposite place for you
to show up with a puckish little twink.
Within the queer taxonomy,
I wouldn't say you're very twinkish.
Yeah.
They're not totally
backwards, but there will be
a few pregnant stares for
sure. It's not fair on Isaac.
Have you told them about your promotion?
I'm not taking it.
Enjoying speaking to troubled people
on the margins too much?
See, that's exactly the kind
of tone that you pretend to hate
though it comes out your mouth a lot.
I actually really
fucking enjoy that work.
It's rewarding in a way
that I know my family
just won't understand.
Mum's been in Ghana.
Dad's not been able to get
out of Angola. Until now.
It's weird.
Jesse moved to London
and it feels like we're in a
longer-distance relationship.
He took me to the British Museum
on the weekend, and was
like, "Look at all this cool
old shit." And I was like,
"Yeah, it is cool, all this old shit."
And like, I mean, I didn't
say this obviously, but
those years are gone.
What about your offer?
Apparently, it's still pending.
Hey, they give them out in December.
Why didn't you just tell
me you didn't get in?
You worked really hard.
It's okay to admit you're disappointed.
I wanted to get in.
You made me wanna get in.
And I didn't and that's fine.
Billionaire's son
doesn't get into Oxford.
Cry me a fucking river.
Train's been cancelled.
Frozen track. Fuck.
Fuck it.
I'll play the card.
Jesse, can you, um, send
a car to take us to school?
Harper!
How are you?
I've thrown myself headlong
into my new opportunity
from the spacious confines of my garret.
You're fucking miserable?
Are you okay?
Uh
no.
No, I'm in trouble.
- Past fucked?
- Yeah.
"Past fucked. Do not
collect 200 dollars"?
- No, yeah. I'm fucked.
- Oh, boy.
Ignorance is bliss.
Thank you.
In all honesty,
I've been thinking of
finally hitting a bid away.
I've started taking calls,
stopped hanging up on headhunters.
- High time I hitched a lift.
- So, nothing's sticking?
Surely you could just
walk into any other job.
At the same level? Course,
I've got the contacts.
I'm not sure they love me for me.
I'm pretty sure they never loved me
just for me.
I've started talking about my feelings
a little more as you can see.
Text when you're waiting for me, yeah?
When I hired you
what'd I look like to you?
Mr. Pierpoint, right?
But I could be, Mr.
Morgan Stanley, Mr. Nomura.
I wouldn't want to be Mr. Nomura,
but that's by the by.
These institutions are just shells
that shelter you and your
key-client relationship
and if you keep that,
you can manage someone like Bloom,
you can migrate from place to place.
They'll fucking house you, pay you up,
and call you family.
You become bigger than the institution.
You have Bloom, you
don't need Pierpoint.
What about your skills?
What are my transferable
skills, I mean, really?
And my current client list
isn't exactly something
you'd pay up for.
Don't sound so defeated,
it doesn't suit you.
Well, who was responsible for my defeat?
You were.
The moment you'd accepted you lost.
And Daniel, of course.
It's the quietly motivated
ones you gotta watch out for.
What are you talking about?
You don't feel the knife
when it goes in right between your ribs.
FastAide coming off its high here.
Rish-Rish, what's behind
this reversal in FastAide?
Any ideas?
Sec. Sec. It does look that
way. I'm just digging on IB. Sec.
So, This is where it happens,
huh? All that learning.
Um, Leo said you needed transport,
is he here? Hmm?
Ah, hey. I didn't
see, uh, taxicab driver
in my future but, uh,
we are where we are.
Why are you here?
You know, I ask myself the same thing
every time I'm away from my rig.
You know I can do whatever I want right?
So I have two very
conspicuous looking escalades
waiting outside. It's
like I'm moving weight.
One is going to take you
to the chief nursery
of England's statesmen,
and the other one is
gonna take you and I
wherever you wanna go, Leo.
Can you just give me a lift into town?
Gus. When am I gonna see
some ROI on all that cash
I dropped on Leo's tutelage?
I mean, you're fucking my son,
the least you could do is
get him into college, right?
- What the fuck?
- Don't worry,
you know I'm an ally.
It's not financially viable not to be
in the current culture.
He's, um, he's still
waiting to hear back.
All right. I cleared my
entire schedule for today
and you are gonna have lunch with me.
Why are you dressed like pound shop GQ?
I don't know what that is.
I have an evening engagement.
I am a public figure, Leopold.
Your father's a public figure.
All right? Are you not
in any way proud of that?
Not particularly, Dad, no.
Well, you know what? Neither am I.
Apple does not fall far from the tree.
Sorry, sorry, Jesse,
I really do need to go.
Are you okay to let yourself out?
- Yeah.
- Yeah, the car is waiting for you.
We can continue this on the way home?
- Just drop me off in town.
- Hey, dude.
Uh, hey. I'm I'm really trying now.
Can you can you give me a break?
Can you not do this in front of Gus?
It's not what he expects
from a public figure.
I really do appreciate the lift.
I bet your parents are proud.
All we have is work, huh?
Listen Jesse, I think
this thing is about to move
- our fucking way.
- I'm done with you.
- Why did I pick up?
- Why did you pick up?
I'm fucked if I know,
but we can psychoanalyze
the whys of you and me when
I'm old and you're older.
But, right now, you just need to listen.
FastAide very fucking fragile
up here now. Most of the key shorts
have been cleared out and
positioning is much cleaner.
I assume there's a couple
of big institutional guys
still to go. Those Reddit virgins
don't ever really stand a
chance against fundamentals
and gravity.
So the party's over?
Our short's moving in our direction.
Prudent to stop out at
a more favorable level.
No, our party's just starting.
Do you trust me?
I don't know where
you're going with this.
That whatever, ineffable,
subconscious thing,
do you have that with
me? Do you trust me?
Look your trader says
it's held up by air.
After the last guy stops
out, it's cratering.
And that last guy is me.
That's not the trade.
That's not our trade.
I'm not stopping out. I am
not letting you walk away
from this with a loss. We
sell more into the reversal.
And we pummel this
bitch until she yelps.
That's all very cute,
but you heard your trader.
He thinks it's going down now,
from his lips to God's ears.
He's not going to put in a strong bid.
- I mean, w what's the catalyst?
- Yes, it's going down.
But that is the trade after the trade.
First, he needs to
think it's going up
because a big investor
still needs to buy to cover
in order to stop out.
You are gonna be that big investor.
I'll make sure he
reads you the wrong way.
We are going to cheat him.
We're gonna tell him
that you're stopping out,
he'll think you're
buying to cover the short,
so he'll set his price high.
We'll get his price, and
then we'll sell through him
and move this thing our direction.
- You pull this off
- Then you are my client.
And you will tell everyone.
And if I wanna go to MS,
GS, CS, Citi, fucking Mars,
you will tell them
that I am the guarantor
of your business.
You make this happen,
maybe we are talking again.
Sec.
Rish, Bloom's in max pain.
He shorted a ton of FastAide
through Goldman and he
wants to stop out through us,
cut his short. Can we help?
If he can hear me, if
the prick can hear me
He get that?
Tell him I, uh, I love the name.
No, no. I I adore the
name. I introduced the name
to my parents after I rattled
her seven ways to Sunday.
That's how much I love FastAide.
Getting out is gonna cost him.
Okay, he gets it. You have a big dick.
You know his direction?
He has to buy to cover to stop out.
He wants to know how wide you'll be
- in 19 million shares.
- Actually, tell him,
the exact amount is 18.952 million,
then he'll definitely
think it's an unwind
and I'm getting out.
Sorry the exact amount is,
um, 18.952 million shares.
Full size, only you.
Okay, last trade was 92, trading up.
I can make him 60
points wide around my mid
on 18.952 million, if he
guarantees to trade now.
Fuck Dodd Frank. How're you left?
Tell him to wait.
85/45 around 3. He like it?
Make him wait. We'll get a better price.
Off. Higher now, make him 95/55.
I'm taking him to the cleaners.
Do the man there.
- Yours. Sell, sell, sell.
- Yours.
Bloom sells 18.952 million at 295.
I'm quietly impressed.
Um
"yours"? What do
you mean fucking yours?
I mean, he sells.
Are you mentally challenged?
Are you out of your fucking tree?
He guaranteed you a trade.
On your spread. On your price.
Not a direction.
You read him too far, took
the piss, he called you out
and that's that.
Do you think I'm soft?
You put your hand up to signal
we were done and he was a buyer.
You misread my signal.
I told you to wait, and
then I signaled to sell.
Rish, we have a verbal
contract. You know that.
Shit happens. Let's just eat
it. It's Bloom. He's satisfied
Harper, I'm the fucking
spiv. You don't spiv the spiv.
You knowingly helped Rishi
read him the wrong way.
So Rishi laid three points
above the fair price,
expecting Jesse to buy it off him.
Right! And now I'm long
a load more of this shit
at a shit price. I'm in
a 75-million-dollar hole.
I heard the whole sorry fucking thing.
I was patched into your line, Harper.
Well, then, why didn't
you fucking step in?
I wanted proof of who she was.
She's blown up my entire year.
You're gonna be losing friends
- with this kind of behavior.
- And who are you then?
Face value? I knew
you were full of shit.
Go fuck yourself.
I have to take this
upstairs immediately.
Immediately. Log out of your Bloomie.
Fucking now! I'm not fucking around!
Well, would you look at that,
it's starting to tick up.
Turns out your man's no
match for the internet, love.
Get off my fucking floor.
"The room was in that
disorder, produced only by those
who have always had servants."
Hemingway.
About a very rich girl who doesn't know
what she's doing with her life.
Was she hot at least?
I've never come that many times.
So many stages.
And I've never been with
a married person before.
I've never thought of myself as
- l'autre femme.
- La maîtresse.
I wouldn't worry.
Elsa and I have our rules.
When it developed to the
stage it got to last night,
I had to tell her.
It's just how we
operate. It works for us.
What did you say?
I told her I was in danger
of breaking one of our rules.
Surely people don't actually have rules
- around these things.
- Uh, yes.
We established them
when we established
that she was the more
open partner in our open arrangement.
Sorry, I didn't mean to freak you out.
I don't mean to use
such practical language.
Elsa is very exacting.
She's a QC, you see.
How long have you been open?
That's Elsa's phrasing.
I prefer polyamorous.
She's not one for monogamy.
She was very promiscuous,
and, I guess it was the '70s.
Then she had a cancer scare in her 50s,
but I needed some parameters.
She's seeing someone, so why can't I?
It's nice to be in an
institution as comforting
as marriage and not feel trapped.
I know you're younger
than me, but surely
you're not naà¯ve enough to think
I'm not just a little messy, huh?
Good lunch?
Have you seen what that analyst
at Alliance Bernstein's
saying about FastAide?
The Gerry Adams looking one.
Nah, I'd say he's more Harold Shipman.
Similar vibe, though.
Is this is this Robert?
Oh, yeah, the old glasses
- Um.
- beard aesthetic.
Big criminal energy that
combo. You rock that combo
- In joke.
- Hmm.
what is he saying?
Nothing interesting
actually, the more I listen.
Our sense of humor
has matured since then.
Do you know him?
He's kind of mentoring me. I think.
Interesting path to follow.
Gerry Adams and Harold Shipman
would make a better equity
analyst than this fella
Actually,
I'm more and more certain
he is one of the good ones.
Uh, don't worry,
I'd never let myself
get used and abused.
Good. So, you shouldn't, me neither.
I know I've not been much of a mentor.
At all.
But if you ever need
anything, I'm just upstairs.
Thank you.
Okay.
Somewhere to be?
Oh, just a work thing later.
We're staying in London for a week.
Come round for dinner. You and Leo.
You can see your nephews.
You know, in person.
I'm sorry I've been a bit absent.
How are they?
Walking reminders that
we're all going to die.
They're walking, already?
I look at them and think "Fuck,
we haven't got much left, have we?"
- That sounds morbid.
- It's fantastic!
Reminds me I'm alive.
You know, we'll blink and be
back here with both of them.
Kwaku tried to sign
them up from the hospital
the moment they were born.
Apparently, they don't do that anymore.
Well, seems more meritocratic.
It's a miracle we got him here.
He's having some behavioral issues.
I think they'd appreciate
it if you visited him
once in a while. Talk to him.
Get him back on the right track.
You know you have to take
that promotion, right?
It's admirable, what you've been doing,
it really is. And we're
all proud of you
but you need to get going again.
We're not going to just let
you throw your life away.
That seems a bit melodramatic.
Well, we're all prone to
melodrama in this family.
You told them you'd do
three years at Pierpoint.
You did less than a year.
You spend a year treading water.
Frankly, wasting time, not contributing.
Static yet unstable. You've
barely seen any of us.
They give you latitude in
other parts of your life.
- What does that mean?
- You know what it means.
And they don't really care anymore.
I mean, they care as little now
as they're ever going to care,
but this instability,
they won't tell you
this, but it kills them.
- I'm working now.
- And it's tantamount to social work.
It has no visible trajectory.
You're bailing out the boat
but the water's just rushing
back in through the holes.
One man can't make a difference there.
Oh, that's a virtuoso piece
of rhetoric, well done.
- She'd be proud.
- She'd be a lot less subtle
if she got going.
They just want us to live
up to their expectations.
Otherwise, what else was all this for?
I'm not sure that's physically
or spiritually possible.
Well, then just live up to your own.
Don't you think you
have a responsibility
to give your kids what you got?
You going to do that on
seventeen grand a year?
It's time to stop dancing.
In the name of the
Father and of the Son,
and of the Holy Spirit.
Amen.
Oh, thank fuck I don't work in equities.
Yas, who's Mark Michaelides'
number two at Millennium?
Sorry, it was a Wyndy
contact. He's about to jump on.
Samuel Shinner.
Sam! Uh, S Samuel. Are you going now?
Samuel, can I call you back in five?
Cheers, buddy, thank you.
I'm gonna concede I have
too active of a sex life
- to be a Redditor.
- Hey!
But I respect them.
Thanks.
So,
how many times a week do you
expect to be entertaining then?
Five. Couple of lunches,
the odd weekend here and
there, my entire life.
Silverstone, Ascot,
Henley that sort of thing?
Stamps on a drunken asshole's passport.
You know, you spend that
much time with your boss
and they're effectively your spouse.
Well, that's why you
don't cross a line, do you?
Uh, fuck, Kenny that really
was not a dig at you, um
Uh, honestly, it was a
promise to my future self.
Future selves, eh? They
are pesky fuckers to please.
Mm-hmm.
Look, I don't know if it's having
to pick up Wyndy's slack
or the prospect of actually
having to manage people
with some degree of competency,
but I feel like I need to
Oh, no, no, please. It's,
um, it's entirely unnecessary.
- Honestly you don't need to
- You give someone like me
- a little bit of power and I dunno
- It's a hierarchy.
- I I get it, I get it.
- No.
Nah, that's shit. It's scapegoating.
I sat under Wyndham
and he was never
anything but fair to me,
and sometimes I wonder what
my career would look like
if I had to work under someone
like me. Y'know, like I was.
Well, it's a lottery who
you get to sit next to.
Um I've won plenty of
those in my life, so it's fine.
- Honestly, it's fine.
- I'm, uh
I'm glad you're ending up somewhere
you're gonna flourish.
Because I I actually
do, I want that for you.
And, um
I'm sure you don't want
to hear anything about me
for the millionth time.
Um, and you're probably
worried that this is just, uh,
some more bullshit about
my own bullshit, but
from a place of empathy
or like, as close as
anyone can physically hope
to understand how somebody
else must have felt.
And I need to say this to you, um
I am so sorry, Yasmin.
Hey, Leo. I think you
should give your dad a call.
No, I just don't think you
should lie to your family.
Yeah, call him.
You telling him will
be way more meaningful
than the content of
what you actually say.
Okay. Okay, gotta go, good luck.
Martingale always loses, eventually.
I'm gonna eat the loss.
Stop out through Goldman.
Jesse, who are we kidding?
This is you. This is
not about the money.
What is it about then? You tell me.
I look like I'm about to go on Leno.
Like a fucking clown.
What is this about?
You can't buy the
first flush of a career.
That white heat of a career
trajectory just starting out.
You gave that to me so
you could feel it again.
You really gonna let
the fucking mob win?
Over you? Jesse fucking Bloom?
You're you're appealing
to the worst part of me.
It's the part that thrills you.
I don't have to tell
you, life is gamified.
You strip away the
jargon, the expertise,
the fucking ceremony.
You chose a career in the ultimate game.
And you chose me
because I remind you
that it can still
have meaning if we win.
Go out there, talk your fucking book,
just like you did with the pandemic.
You are gonna go out there.
You're gonna say the
highest conviction short
of your lifetime is FastAide.
It's a piece of shit.
It belongs in the dirt.
You have the power to obliterate it
just by dint of who you are.
Welcome to the feeling.
healthcare and telemedicine,
and who is better qualified
to talk about these things
than Jesse Bloom?
Harper, it's my son.
Hey. Yeah.
It's fine. It's it's fine.
No, now's good. Can you get lost?
I'm here. Yeah.
Please take your seats,
- the talk is about to begin.
- I'll see you out there.
This is our last chance. I'm
already done at Pierpoint.
Rat.
Apologies, but due to unforeseen
circumstances, Jesse Bloom
will not be gracing us
with his presence.
We'll be moving
straight on to Diana Amoa
on telemedicine from an ESG perspective.
Why are you here then?
Are we worth a bid away?
Shut the door, take a seat.
double check their shorting closure
amid a resurgence
Have I got a Christopher Stefanowicz
in research?
Speaking.
- You look at UK pharma, right?
- I do, yeah.
Do you cover FastAide Chemist group?
Anything behind the rally
into the close? I I thought
it might be the ex-Amazon
guy becoming the new CTO.
Uh, that's quite a bullish signal,
yes, but it's already priced in
and we don't really
publish about it anymore.
Uh, try the cash
equity guys in New York.
Sorry, I'm out to dinner.
When asked about institutional
investors' sums
Is there a pharma trader on
the desk I can speak with?
Yeah, is that London?
It's a small UK-listed equity,
but can you tell me what's
going on with the name
FastAide Chemist Group?
I'm wondering why it keeps
ticking up even after market.
Where is it indicating to open?
Sec, sec um, plus 30.
What the fuck? Sor uh,
excuse me for the ripe language.
Don't apologize.
Stock's a piece of shit.
Uh, you know, I guess it
tends to be very choppy.
Oh, wait, hang on, one
sec. I'll be right back.
Nah, you seen Reddit?
Check Wall Street Bets.
FastAide's mentions are out of control.
Guess it makes sense. Enormous,
short base, busted company.
Retail investors on Reddit
are trying to save it
from hedge funds, but,
you know, they're short
- and want it to fail, so
- People keep saying,
that it's the "darling of
the British high street,"
- whatever that means.
- Retail investors
are obviously nostalgic about it,
the same way they were
about GameStop, Nokia,
Blackberry.
Well, hold onto your hats
if you're short though
'cause this is about to rally.
I told my biggest client
to be short, in size.
I told him FastAide was going to zero.
Well, is he a hat guy?
I mean, tell him to hold onto it.
I'd get him out ASAP.
Good evening,
Mr. Bloom is currently unavailable,
but please feel free to
leave a message with me.
Okay. It's Harper Stern
from Pierpoint calling again.
I I need to talk to him
about his FastAide short.
I'll be sure to pass that on.
- Here you go ladies.
- Oh, my God.
Why do they keep bringing us these?
I feel like every time I
finish one, there's another
waiting to be dispatched.
I asked them to keep them coming.
Ladies.
My antenna were up for
overt displays of joy.
Drew me over.
So, how about a few to celebrate
Yasmin's big move to PWM?
- On me? Not in me, obviously.
- Yeah, I hear the tonic water's
really great here. And
why don't you fuck off back
to the bar and buy yourself
one as a leaving gift to me?
Kenny.
Wow. That seemed like
- an outsized reaction.
- It was undersized, trust me.
I am so glad to be leaving.
All right.
I'm looking forward to working on you.
Sorry, with you My English.
You see?
I think your English
is better than mine.
See?
Simpler.
It's, uh
It's not a good idea.
It's the best idea,
but it's not a good idea.
Nothing quite like a promotion
to make your life feel worthwhile.
What are you doing here?
Came down a day early.
Thought it'd be nice to
see you outside the usual
- family context.
- Oh, thanks.
Tell me all about the new job.
I haven't actually moved up, yet.
It's not exactly a "SPAD" role,
but she needs some help organizing
this anti-competition thing
that's taking up all
of her time and, uh
That's so exciting. Well done.
It's great to have someone
to fight for our interests
- on the inside.
- Mm. How's it been?
Better, obviously. But you know.
They've advised we have PTSD therapy.
- Oh.
- But I don't have enough time.
I think I've got an
opportunity to move to Chelsea
and Westminster hospital,
if I make consultant though.
I've been doing night shifts,
and found myself half applying
for an MRes in Experimental
Neuroscience at Imperial.
Then I drift off, wake
up and get back to work.
I don't think I'm going
to take the promotion.
I know it sounds a bit New Labour,
but I feel like I'm
making a difference in ways
I can actually see.
And it's tiny and tiring, but
it's definitely there.
You gotta do, what you gotta do.
But Mom would be fucking relieved,
- if you took the new job.
- I'm enjoying what I'm doing.
You know she knows you
left Pierpoint, right?
The world's best worst-kept secret.
The only person I told
about you was Auntie Mama.
And A, they don't speak,
and B, I wasn't specific.
I just said I was writing a book.
Lord have mercy.
- And what did she say to that?
- She told me to "stop dancing"
and "find employment."
Are you seeing anyone at the moment?
Yes.
Do you want to go up to Eton
together tomorrow?
I'm going to get there early
and have lunch with Isaac.
I've got to be here.
Hmm.
- Uh, Rish?
- Yeah?
Where's FastAide indicating to open?
Plus 40 percent. Still top of Reddit.
- Power to the people, eh?
- Ah, the illusion of power.
Dunno, you know, these
retail investors, man.
Any clueless knobhead with a phone
shouldn't be allowed to download an app,
punt around and move the market.
Why not? It's democratic.
We're just clueless knobheads
- but with more screens.
- And better tailoring.
You know my mom bought my
baby formula from FastAide.
Be a shame if it went
tits up like Woolworths.
I don't think a couple
of clueless knobheads
are gonna save this.
Rish, does this squeeze have any legs?
It'd be fucking painful to be short.
Uh, Pierpoint's axed the right way.
Even if Reddit's just noise,
it's it's not harmful noise.
Remember, the, uh, Bloomberg
Invest conference today
has the potential to
be a dynamite catalyst
in the medical space. There's
a lot of flow around it.
Yeah, this is a day of
bloodletting and king-making.
It does have an atavistic feel, yes.
You what?
Oh, atavistic. Uh, like, um
Primal.
That's fucking right mate.
That's fucking right.
Tell me you got Jesse to buy FastAide.
The guy's now 40 percent
of the desk's flow.
I gave you the autonomy to cover him,
and part of that contract
means you need to sell him
on the desk's ideas.
It's bring your kid to work day.
I wanted to see where Mommy worked.
You look smart, if a
little uncomfortable.
Yeah, I better get used to it.
Gucci ties for fireside chats.
Can't exactly go to a
Bloomberg conference wearing
a Black Dog Tavern T-shirt from '98.
You're going to Bloomberg Invest?
Can't you just send a senior PM
to present your firm's top three ideas?
Sometimes, it's not about the idea,
it's about the suitably
attired presenter.
They want me to talk to
the future of telemedicine.
For all intents and purposes,
my investment in Rican
makes me look like a
thought-leader there.
They don't know I got you into it.
Mm-hmm. Plus, I'm thinking of taking
on a more ambassadorial role.
Presidential even.
Out of the day to day,
you know, chart watching.
I owe you a tremendous
apology for going AWOL.
I had some personal stuff.
It will never happen again.
People have personal stuff
going on all the time.
That's literally what being alive is.
You know, I didn't come
to London to, uh, work.
How is Leo?
How the fuck would I know?
You see him more than I do.
Look
when I met you in the hotel,
I had no intention of talking
to you quite as much as I have.
But given that I've
invested all of that time,
and given the opportunity cost
of all that time invested
how dare you not pick up
the fucking phone to me?
I tried calling you several times.
After missing several of my calls.
Jesse, I have done everything
to facilitate your business.
I got you into Rican
at an amazing discount.
The telemedicine play.
And I took you short
on FastAide, their biggest competitor.
How's that going for us?
I even took the flow
away to Goldman to do it.
It was that high conviction of view.
It simply hasn't worked yet.
There's a group of
Reddit school shooters
trying to force me out of
that fucking FastAide short.
There's no way that they know
you have a position. It's not personal.
What do you know? They
fucked me on GameStop too.
They think I'm a vulture profiteering
off of everything bad in the world.
All my peers are stopping out.
Well then that's their
loss because FastAide
is going to zero.
What if Bezos comes back
down to Earth and decides
to make FastAide Amazon's next pet?
Brick and mortar is dead.
If not today, then tomorrow.
No matter what any tech bro tells you.
There he is. Dimples 2024, over here.
I was just telling Harper here,
how my, uh, coverage at Goldman
has advised me to stop
out of my FastAide short.
Your, uh, you're short on
my favorite equity story?
Uh, I think Goldman
thinks it's unbecoming
that I'm getting pounded
by a group of involuntary celibates.
Think I should, uh, cut my losses,
before I'm too deep in the red
and I end up on the
front page of the Journal.
Well, the Reddit squeeze is a
distraction from the acquisition story.
The Amazon guy joining
is just the first signal.
Amazon buy FastAide, uh,
I reckon they become favorites
to win the hot NHS contracts
and blow competitors like
Rican into irrelevancy.
Harper.
What would you do? Would
you stop out of FastAide
or would you run it?
Obviously, as a member
of the Pierpoint CPS desk,
I would have never taken you short.
Wouldn't you?
But if I were your coverage
at Goldman, I would say
"What is your threshold for pain,
if you believed in the
idea in the first place?"
Danny, final thing. If
your coverage had gotten you
into a structurally broken
company like FastAide,
with a massive short base,
and then hid when it began
to rip the other way, what would you do?
Call them an amateur and pull the line.
Oh, yeah, without a
doubt, line out, finished.
Yeah? So what have we done
to deserve your presence?
Oh, well, I just wanted
to make Harper look
like a, uh, rock star on the desk.
You gonna tell me what
the fuck's going on?
I don't know what you're talking about.
Spare me. What was that dance?
- He's eccentric.
- You're his coverage.
Our highest conviction long
this quarter has been FastAide.
Why is he short at the point
of pain? Explain that to me.
Do you really think he listens to me?
I'm a fucking third year analyst.
He keeps me around because I'm young
and a woman and I nod at him.
Do you expect me to buy that shit?
Whatever happened in
Berlin, whatever is happening
between us personally, we
we established a very
healthy working relationship.
So if you're in trouble, just say.
I can't believe I'm talking
about this on the hoot, but
for better or for worse
- But don't lie to me.
- loads of kids
- on the internet
- We don't come back from that.
are making FastAide
the market story of the day.
I have nothing to do with this.
This is why guys like
Bloom are so hard to cover.
You're you're disposable.
He's probably got a Harper
working at every other place
- on the street.
- I doubt it.
It's about over, plus 30 percent.
So, I'll be fielding questions
on flow color for ten minutes,
and ten minutes only. This
is beneath me. Thank you.
That's your ego speaking.
You might have heard
Adler's coming over for
Rif, but that's just a ruse.
Between us, I'm not
supposed to say this yet,
but colleague to colleague,
I've earmarked you for New York
when we subsume the London desk.
You can cover Jesse from there.
You can have whatever glory you need.
But I'm gonna help you call the plays.
You've made Jesse too
important to us now.
That decision's already been made?
What about the rest of the desk?
Couple of weeks ago. Firmly.
They're still deciding who
to take to New York, but
CPS London's cooked.
And you've known the whole time. Right?
Adler talked to me a
couple days ago and
he asked me who was worthy of being
beamed up to the mothership. I said,
you. And, of course, Bloom.
All we have to do now is
sing from the same hymn sheet
and everything will be golden.
You told me not to give a
fuck about your personal life.
Just don't lie to me
in here, Harper. Okay?
You still up for Tough
Mudder next week then?
Oi, Hanani. Is it possible to
be long vega but short gamma
on an option structure?
- Uh, I don't know.
- Oh, answer the question,
you ditzy cunt.
Yeah, yeah, answer it, you silly bitch.
Have you ever been horrible
to anyone in your life?
That was fucking pathetic.
Sorry, I have no idea what's going on.
Whoo!
- Fucking hell.
- Got you a gift.
You shouldn't have.
Wow. Is it Tiffany's?
Oh, fuck off, clean-shirt.
In case you get bored on
the way to the meeting.
Well, that's very thoughtful. Thank you.
Shame Wyndy's not here.
Yeah, thoughts and
prayers. Anyway, uh
I didn't realize
how much I enjoyed having you around.
I appreciate you.
Nice one.
Kenny. Uh, I'm really
sorry about last night.
I'm not exactly sure what I
said, I know it was heinous,
- given that I woke up ashamed.
- Ah
they asked me to weigh in
with a practical joke as well.
I didn't know if it was
inappropriate or not.
And also, I didn't know
how long it was gonna take,
but once it was started,
I was all in, so
- I don't really use a stapler.
- Yeah, I had to Amazon it.
Joke still stands though.
Is that like a sober thing?
- I'm really lost.
- You should, uh
you should really watch more telly.
Good luck.
Thanks, guys.
- Nice one. Fucking LOL.
- Uh-huh.
Pierpoint, Yasmin speaking.
It's your new boss.
Can you take an hour off for lunch?
Yeah. Sure.
I'm very free.
You're based in Notting Hill, right?
FastAide opens up at 45 percent.
That is wild, wild shit.
How'd they pull themselves away
from their stepsister porn
long enough to buy the stock?
Fuck's sake, go down you piece of shit.
Uh, you know it's like
CVS or Boots in the UK.
Oh, do you have, uh,
a Robinhood account?
Yeah, they're they're not
actually not allowed here.
I know we haven't really
spoken, um, since Berlin.
I'm here to talk about
it whenever you want.
I mean, obviously, not right now.
Whenever else.
There's nothing really to say.
Super fun trip though, right?
Yeah. Super fun.
You sure you're okay?
I've drunk myself into infamy.
Can I have one of
your vitamin C tablets?
I have a client lunch, um,
- need to equilibrate the brain.
- You don't have to ask,
you can just come take it.
It's my last day on the desk today.
Nice. Congratulations.
It means we're not going to be
seeing so much of each other.
I'm not gonna be in your eyeline.
- It's not a very big building.
- It's quite big
Sorry, is there something
else that I can help you with?
It's just this morning
has been a bit crazy.
Fuck's sake, I should
have been in long PA.
This thing is moving.
You sure you're not gonna miss this?
Well, you should come
over for dinner sometime.
I've got a new pizza oven,
in the garden and it's harder
to get going than a nuclear reactor.
You might be able to work it.
H, have you seen Bloomie? Gus' boss
just got elevated to Health Minister.
So that's bearish
FastAide, bullish Rican?
Nah, it's bullish
FastAide, bearish Rican.
- That's right, ain't it, Harper?
- Sounds good. Let's find a time.
- I'll miss you.
- Miss you too.
What, when Bono retires?
What?
Fuck the FCA, mate. I
think I'm gonna have to get
a burner and download Robinhood.
These geeks are making money.
Turin in '05, I bunked onto the plane,
- and bumped into the ground.
- You did?
The first time we played
Juventus since Heysel.
It was fucking heavy,
lad. F Police escorts,
fucking raining bottles
of piss and coins.
That's when you feel alive.
I went missing for two days
- after, you know?
- You stop going?
Sorta fell away, you know.
Tickets were expensive
and then my mates
they stopped sorting me
'cause I kept going missing.
Hey, I think I'm too much for
some people, you know, lad.
- Nah, you're all right mate.
- Yeah?
Hey, listen, look have you, um,
have you managed to find a counsellor?
No, it's just, look, um
It's just that I've been given, a
A few months wait they said.
- Well, come on, given what?
- Nothing.
But look, it's I'm not
qualified to talk to you
about that kinda thing.
It's irresponsible.
What about the guy I connected you with?
Oh, him? Nah
crap.
There's this service
we're hoping to roll out
to the public eventually.
At the moment, it's a bit pricey,
but I'll be happy to cover
you for a few sessions.
Nah, you don't have to do that, lad.
No, no, look, as many as you
need. Just go to the app store
and look for Rican.
- Hey, what's funny?
- Oh,
you got no idea, have ya?
- What?
- A fucking app store on that?
- That's your phone?
- Yeah.
- Looks like Lego.
- Look, it vibrates and everything.
Hey, bum head, have you
never seen one of these?
Look, um, I've I've
got, uh, I've got a thing
out of town today, but
I'll be right here when
you're back this evening.
- Yeah?
- Yeah.
Sound.
My house isn't exactly
a renowned lunch spot.
Although, there is the original
Ottolenghi round the corner,
if you want to order in.
- Would you like a drink?
- Water, if you have it.
Yeah.
I have water.
I live in a major conurbation.
London, so, uh
Yeah.
I have water.
Don't be nervous.
I'm not nervous.
I want to taste you.
I don't really think your
little brother's confirmation
is the most apposite place for you
to show up with a puckish little twink.
Within the queer taxonomy,
I wouldn't say you're very twinkish.
Yeah.
They're not totally
backwards, but there will be
a few pregnant stares for
sure. It's not fair on Isaac.
Have you told them about your promotion?
I'm not taking it.
Enjoying speaking to troubled people
on the margins too much?
See, that's exactly the kind
of tone that you pretend to hate
though it comes out your mouth a lot.
I actually really
fucking enjoy that work.
It's rewarding in a way
that I know my family
just won't understand.
Mum's been in Ghana.
Dad's not been able to get
out of Angola. Until now.
It's weird.
Jesse moved to London
and it feels like we're in a
longer-distance relationship.
He took me to the British Museum
on the weekend, and was
like, "Look at all this cool
old shit." And I was like,
"Yeah, it is cool, all this old shit."
And like, I mean, I didn't
say this obviously, but
those years are gone.
What about your offer?
Apparently, it's still pending.
Hey, they give them out in December.
Why didn't you just tell
me you didn't get in?
You worked really hard.
It's okay to admit you're disappointed.
I wanted to get in.
You made me wanna get in.
And I didn't and that's fine.
Billionaire's son
doesn't get into Oxford.
Cry me a fucking river.
Train's been cancelled.
Frozen track. Fuck.
Fuck it.
I'll play the card.
Jesse, can you, um, send
a car to take us to school?
Harper!
How are you?
I've thrown myself headlong
into my new opportunity
from the spacious confines of my garret.
You're fucking miserable?
Are you okay?
Uh
no.
No, I'm in trouble.
- Past fucked?
- Yeah.
"Past fucked. Do not
collect 200 dollars"?
- No, yeah. I'm fucked.
- Oh, boy.
Ignorance is bliss.
Thank you.
In all honesty,
I've been thinking of
finally hitting a bid away.
I've started taking calls,
stopped hanging up on headhunters.
- High time I hitched a lift.
- So, nothing's sticking?
Surely you could just
walk into any other job.
At the same level? Course,
I've got the contacts.
I'm not sure they love me for me.
I'm pretty sure they never loved me
just for me.
I've started talking about my feelings
a little more as you can see.
Text when you're waiting for me, yeah?
When I hired you
what'd I look like to you?
Mr. Pierpoint, right?
But I could be, Mr.
Morgan Stanley, Mr. Nomura.
I wouldn't want to be Mr. Nomura,
but that's by the by.
These institutions are just shells
that shelter you and your
key-client relationship
and if you keep that,
you can manage someone like Bloom,
you can migrate from place to place.
They'll fucking house you, pay you up,
and call you family.
You become bigger than the institution.
You have Bloom, you
don't need Pierpoint.
What about your skills?
What are my transferable
skills, I mean, really?
And my current client list
isn't exactly something
you'd pay up for.
Don't sound so defeated,
it doesn't suit you.
Well, who was responsible for my defeat?
You were.
The moment you'd accepted you lost.
And Daniel, of course.
It's the quietly motivated
ones you gotta watch out for.
What are you talking about?
You don't feel the knife
when it goes in right between your ribs.
FastAide coming off its high here.
Rish-Rish, what's behind
this reversal in FastAide?
Any ideas?
Sec. Sec. It does look that
way. I'm just digging on IB. Sec.
So, This is where it happens,
huh? All that learning.
Um, Leo said you needed transport,
is he here? Hmm?
Ah, hey. I didn't
see, uh, taxicab driver
in my future but, uh,
we are where we are.
Why are you here?
You know, I ask myself the same thing
every time I'm away from my rig.
You know I can do whatever I want right?
So I have two very
conspicuous looking escalades
waiting outside. It's
like I'm moving weight.
One is going to take you
to the chief nursery
of England's statesmen,
and the other one is
gonna take you and I
wherever you wanna go, Leo.
Can you just give me a lift into town?
Gus. When am I gonna see
some ROI on all that cash
I dropped on Leo's tutelage?
I mean, you're fucking my son,
the least you could do is
get him into college, right?
- What the fuck?
- Don't worry,
you know I'm an ally.
It's not financially viable not to be
in the current culture.
He's, um, he's still
waiting to hear back.
All right. I cleared my
entire schedule for today
and you are gonna have lunch with me.
Why are you dressed like pound shop GQ?
I don't know what that is.
I have an evening engagement.
I am a public figure, Leopold.
Your father's a public figure.
All right? Are you not
in any way proud of that?
Not particularly, Dad, no.
Well, you know what? Neither am I.
Apple does not fall far from the tree.
Sorry, sorry, Jesse,
I really do need to go.
Are you okay to let yourself out?
- Yeah.
- Yeah, the car is waiting for you.
We can continue this on the way home?
- Just drop me off in town.
- Hey, dude.
Uh, hey. I'm I'm really trying now.
Can you can you give me a break?
Can you not do this in front of Gus?
It's not what he expects
from a public figure.
I really do appreciate the lift.
I bet your parents are proud.
All we have is work, huh?
Listen Jesse, I think
this thing is about to move
- our fucking way.
- I'm done with you.
- Why did I pick up?
- Why did you pick up?
I'm fucked if I know,
but we can psychoanalyze
the whys of you and me when
I'm old and you're older.
But, right now, you just need to listen.
FastAide very fucking fragile
up here now. Most of the key shorts
have been cleared out and
positioning is much cleaner.
I assume there's a couple
of big institutional guys
still to go. Those Reddit virgins
don't ever really stand a
chance against fundamentals
and gravity.
So the party's over?
Our short's moving in our direction.
Prudent to stop out at
a more favorable level.
No, our party's just starting.
Do you trust me?
I don't know where
you're going with this.
That whatever, ineffable,
subconscious thing,
do you have that with
me? Do you trust me?
Look your trader says
it's held up by air.
After the last guy stops
out, it's cratering.
And that last guy is me.
That's not the trade.
That's not our trade.
I'm not stopping out. I am
not letting you walk away
from this with a loss. We
sell more into the reversal.
And we pummel this
bitch until she yelps.
That's all very cute,
but you heard your trader.
He thinks it's going down now,
from his lips to God's ears.
He's not going to put in a strong bid.
- I mean, w what's the catalyst?
- Yes, it's going down.
But that is the trade after the trade.
First, he needs to
think it's going up
because a big investor
still needs to buy to cover
in order to stop out.
You are gonna be that big investor.
I'll make sure he
reads you the wrong way.
We are going to cheat him.
We're gonna tell him
that you're stopping out,
he'll think you're
buying to cover the short,
so he'll set his price high.
We'll get his price, and
then we'll sell through him
and move this thing our direction.
- You pull this off
- Then you are my client.
And you will tell everyone.
And if I wanna go to MS,
GS, CS, Citi, fucking Mars,
you will tell them
that I am the guarantor
of your business.
You make this happen,
maybe we are talking again.
Sec.
Rish, Bloom's in max pain.
He shorted a ton of FastAide
through Goldman and he
wants to stop out through us,
cut his short. Can we help?
If he can hear me, if
the prick can hear me
He get that?
Tell him I, uh, I love the name.
No, no. I I adore the
name. I introduced the name
to my parents after I rattled
her seven ways to Sunday.
That's how much I love FastAide.
Getting out is gonna cost him.
Okay, he gets it. You have a big dick.
You know his direction?
He has to buy to cover to stop out.
He wants to know how wide you'll be
- in 19 million shares.
- Actually, tell him,
the exact amount is 18.952 million,
then he'll definitely
think it's an unwind
and I'm getting out.
Sorry the exact amount is,
um, 18.952 million shares.
Full size, only you.
Okay, last trade was 92, trading up.
I can make him 60
points wide around my mid
on 18.952 million, if he
guarantees to trade now.
Fuck Dodd Frank. How're you left?
Tell him to wait.
85/45 around 3. He like it?
Make him wait. We'll get a better price.
Off. Higher now, make him 95/55.
I'm taking him to the cleaners.
Do the man there.
- Yours. Sell, sell, sell.
- Yours.
Bloom sells 18.952 million at 295.
I'm quietly impressed.
Um
"yours"? What do
you mean fucking yours?
I mean, he sells.
Are you mentally challenged?
Are you out of your fucking tree?
He guaranteed you a trade.
On your spread. On your price.
Not a direction.
You read him too far, took
the piss, he called you out
and that's that.
Do you think I'm soft?
You put your hand up to signal
we were done and he was a buyer.
You misread my signal.
I told you to wait, and
then I signaled to sell.
Rish, we have a verbal
contract. You know that.
Shit happens. Let's just eat
it. It's Bloom. He's satisfied
Harper, I'm the fucking
spiv. You don't spiv the spiv.
You knowingly helped Rishi
read him the wrong way.
So Rishi laid three points
above the fair price,
expecting Jesse to buy it off him.
Right! And now I'm long
a load more of this shit
at a shit price. I'm in
a 75-million-dollar hole.
I heard the whole sorry fucking thing.
I was patched into your line, Harper.
Well, then, why didn't
you fucking step in?
I wanted proof of who she was.
She's blown up my entire year.
You're gonna be losing friends
- with this kind of behavior.
- And who are you then?
Face value? I knew
you were full of shit.
Go fuck yourself.
I have to take this
upstairs immediately.
Immediately. Log out of your Bloomie.
Fucking now! I'm not fucking around!
Well, would you look at that,
it's starting to tick up.
Turns out your man's no
match for the internet, love.
Get off my fucking floor.
"The room was in that
disorder, produced only by those
who have always had servants."
Hemingway.
About a very rich girl who doesn't know
what she's doing with her life.
Was she hot at least?
I've never come that many times.
So many stages.
And I've never been with
a married person before.
I've never thought of myself as
- l'autre femme.
- La maîtresse.
I wouldn't worry.
Elsa and I have our rules.
When it developed to the
stage it got to last night,
I had to tell her.
It's just how we
operate. It works for us.
What did you say?
I told her I was in danger
of breaking one of our rules.
Surely people don't actually have rules
- around these things.
- Uh, yes.
We established them
when we established
that she was the more
open partner in our open arrangement.
Sorry, I didn't mean to freak you out.
I don't mean to use
such practical language.
Elsa is very exacting.
She's a QC, you see.
How long have you been open?
That's Elsa's phrasing.
I prefer polyamorous.
She's not one for monogamy.
She was very promiscuous,
and, I guess it was the '70s.
Then she had a cancer scare in her 50s,
but I needed some parameters.
She's seeing someone, so why can't I?
It's nice to be in an
institution as comforting
as marriage and not feel trapped.
I know you're younger
than me, but surely
you're not naà¯ve enough to think
I'm not just a little messy, huh?
Good lunch?
Have you seen what that analyst
at Alliance Bernstein's
saying about FastAide?
The Gerry Adams looking one.
Nah, I'd say he's more Harold Shipman.
Similar vibe, though.
Is this is this Robert?
Oh, yeah, the old glasses
- Um.
- beard aesthetic.
Big criminal energy that
combo. You rock that combo
- In joke.
- Hmm.
what is he saying?
Nothing interesting
actually, the more I listen.
Our sense of humor
has matured since then.
Do you know him?
He's kind of mentoring me. I think.
Interesting path to follow.
Gerry Adams and Harold Shipman
would make a better equity
analyst than this fella
Actually,
I'm more and more certain
he is one of the good ones.
Uh, don't worry,
I'd never let myself
get used and abused.
Good. So, you shouldn't, me neither.
I know I've not been much of a mentor.
At all.
But if you ever need
anything, I'm just upstairs.
Thank you.
Okay.
Somewhere to be?
Oh, just a work thing later.
We're staying in London for a week.
Come round for dinner. You and Leo.
You can see your nephews.
You know, in person.
I'm sorry I've been a bit absent.
How are they?
Walking reminders that
we're all going to die.
They're walking, already?
I look at them and think "Fuck,
we haven't got much left, have we?"
- That sounds morbid.
- It's fantastic!
Reminds me I'm alive.
You know, we'll blink and be
back here with both of them.
Kwaku tried to sign
them up from the hospital
the moment they were born.
Apparently, they don't do that anymore.
Well, seems more meritocratic.
It's a miracle we got him here.
He's having some behavioral issues.
I think they'd appreciate
it if you visited him
once in a while. Talk to him.
Get him back on the right track.
You know you have to take
that promotion, right?
It's admirable, what you've been doing,
it really is. And we're
all proud of you
but you need to get going again.
We're not going to just let
you throw your life away.
That seems a bit melodramatic.
Well, we're all prone to
melodrama in this family.
You told them you'd do
three years at Pierpoint.
You did less than a year.
You spend a year treading water.
Frankly, wasting time, not contributing.
Static yet unstable. You've
barely seen any of us.
They give you latitude in
other parts of your life.
- What does that mean?
- You know what it means.
And they don't really care anymore.
I mean, they care as little now
as they're ever going to care,
but this instability,
they won't tell you
this, but it kills them.
- I'm working now.
- And it's tantamount to social work.
It has no visible trajectory.
You're bailing out the boat
but the water's just rushing
back in through the holes.
One man can't make a difference there.
Oh, that's a virtuoso piece
of rhetoric, well done.
- She'd be proud.
- She'd be a lot less subtle
if she got going.
They just want us to live
up to their expectations.
Otherwise, what else was all this for?
I'm not sure that's physically
or spiritually possible.
Well, then just live up to your own.
Don't you think you
have a responsibility
to give your kids what you got?
You going to do that on
seventeen grand a year?
It's time to stop dancing.
In the name of the
Father and of the Son,
and of the Holy Spirit.
Amen.
Oh, thank fuck I don't work in equities.
Yas, who's Mark Michaelides'
number two at Millennium?
Sorry, it was a Wyndy
contact. He's about to jump on.
Samuel Shinner.
Sam! Uh, S Samuel. Are you going now?
Samuel, can I call you back in five?
Cheers, buddy, thank you.
I'm gonna concede I have
too active of a sex life
- to be a Redditor.
- Hey!
But I respect them.
Thanks.
So,
how many times a week do you
expect to be entertaining then?
Five. Couple of lunches,
the odd weekend here and
there, my entire life.
Silverstone, Ascot,
Henley that sort of thing?
Stamps on a drunken asshole's passport.
You know, you spend that
much time with your boss
and they're effectively your spouse.
Well, that's why you
don't cross a line, do you?
Uh, fuck, Kenny that really
was not a dig at you, um
Uh, honestly, it was a
promise to my future self.
Future selves, eh? They
are pesky fuckers to please.
Mm-hmm.
Look, I don't know if it's having
to pick up Wyndy's slack
or the prospect of actually
having to manage people
with some degree of competency,
but I feel like I need to
Oh, no, no, please. It's,
um, it's entirely unnecessary.
- Honestly you don't need to
- You give someone like me
- a little bit of power and I dunno
- It's a hierarchy.
- I I get it, I get it.
- No.
Nah, that's shit. It's scapegoating.
I sat under Wyndham
and he was never
anything but fair to me,
and sometimes I wonder what
my career would look like
if I had to work under someone
like me. Y'know, like I was.
Well, it's a lottery who
you get to sit next to.
Um I've won plenty of
those in my life, so it's fine.
- Honestly, it's fine.
- I'm, uh
I'm glad you're ending up somewhere
you're gonna flourish.
Because I I actually
do, I want that for you.
And, um
I'm sure you don't want
to hear anything about me
for the millionth time.
Um, and you're probably
worried that this is just, uh,
some more bullshit about
my own bullshit, but
from a place of empathy
or like, as close as
anyone can physically hope
to understand how somebody
else must have felt.
And I need to say this to you, um
I am so sorry, Yasmin.
Hey, Leo. I think you
should give your dad a call.
No, I just don't think you
should lie to your family.
Yeah, call him.
You telling him will
be way more meaningful
than the content of
what you actually say.
Okay. Okay, gotta go, good luck.
Martingale always loses, eventually.
I'm gonna eat the loss.
Stop out through Goldman.
Jesse, who are we kidding?
This is you. This is
not about the money.
What is it about then? You tell me.
I look like I'm about to go on Leno.
Like a fucking clown.
What is this about?
You can't buy the
first flush of a career.
That white heat of a career
trajectory just starting out.
You gave that to me so
you could feel it again.
You really gonna let
the fucking mob win?
Over you? Jesse fucking Bloom?
You're you're appealing
to the worst part of me.
It's the part that thrills you.
I don't have to tell
you, life is gamified.
You strip away the
jargon, the expertise,
the fucking ceremony.
You chose a career in the ultimate game.
And you chose me
because I remind you
that it can still
have meaning if we win.
Go out there, talk your fucking book,
just like you did with the pandemic.
You are gonna go out there.
You're gonna say the
highest conviction short
of your lifetime is FastAide.
It's a piece of shit.
It belongs in the dirt.
You have the power to obliterate it
just by dint of who you are.
Welcome to the feeling.
healthcare and telemedicine,
and who is better qualified
to talk about these things
than Jesse Bloom?
Harper, it's my son.
Hey. Yeah.
It's fine. It's it's fine.
No, now's good. Can you get lost?
I'm here. Yeah.
Please take your seats,
- the talk is about to begin.
- I'll see you out there.
This is our last chance. I'm
already done at Pierpoint.
Rat.
Apologies, but due to unforeseen
circumstances, Jesse Bloom
will not be gracing us
with his presence.
We'll be moving
straight on to Diana Amoa
on telemedicine from an ESG perspective.
Why are you here then?
Are we worth a bid away?
Shut the door, take a seat.