One of my favorite stand-up comedians is Chris Rock.
He’s old-school, but some of his bits are hilarious no matter how many times I watch them.
In one of my favorites, he explains the difference between men and women: men cannot go backward sexually, and women cannot go backward in lifestyle.
(WARNING: This clip is incredibly NSFW. It is also highly offensive if you’re male, female, or anything in between. Also, this is very US-specific and doesn’t apply to many other parts of the world. You’ve been warned. I know you’re going to watch it anyway.)
He gets to one of the best lines midway through the bit:
“When you lose your job, you will lose your woman. She may not leave you the day you lose it… but the countdown has begun.”
I kept thinking of that line as I was gathering data on investment banking bonuses this year.
Compensation is up and to the right… M&A activity is at a record high… and we’re approaching 2007-level bonuses… but the countdown to a market crash has begun.
And if you haven’t been hiding a rock for the past week, you’ve seen the first stages of the crash in action.
Investment Banking Bonuses: 2007 Called and Wants an Invite to the Party