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Swingers: My Generation’s Citizen Kane

Swingers: My Generation’s Citizen Kane



For people of a certain (middle) age, one film from the mid-90’s resonates like no other.  God that sounds terrible – how about one is really fucking excellent and awesome?  That’s better.  (I can’t really tease this further since the title of the post gives away what movie we are talking about).  Swingers fucking ruled/still rules.  Why post about a 13 year old movie?  I was taken aback when a recent Bill Simmons article on espn.com suggested that The Hangover had replaced Swingers as the go-to film for Vegas references.  Listen, I loved The Hangover – but it was no Swingers.  NFW.  Swingers perfectly captured the essence of 90’s friendships – the competitions over chicks/sports/video games, the epic drinking nights, the steady guidance in the face of (often-temporary) insecurities, the fights.  So many perfectly-rendered scenes, so many breakout stars, so much alcohol, so many hotties that never exploded like the guys did – it’s all there.

In real life, I’ve quaffed a few drinks at the Dresden Room and drunkenly explained to Marty and Elayne how meaningful the movie was for Generation Old.  The only real downside I can think of to Swingers was how big swing dancing became, and how my roommate at the time became a huge swing dancer with the wallet chains and whatnot.  (Allegedly, it was a good way to meet women, but I think it was perhaps another accessory for his personal closet.  Time will tell.)  As lame and overused as “Vegas, baby, Vegas” has become, it’s still a calming salve to one’s ears upon arriving in Las Vegas, Nevada.


5 Reasons Swingers Is Awesome


1. Swingers injected more new talent than any other movie in recent Hollywood history


Look who's all grows up...and all grows up and all grows up...
I would enjoy having some drinks with Double Down


Doug Liman and Jon Favreau have both directed huge tent-pole franchises (the first Bourne flick, Iron Man).  Vince Vaughn became a $20 million per movie actor and has starred in some of the highest grossing R-rated comedies ever.  Heather Graham emerged from her post-Drugstore Cowboy career coma and became a borderline A-lister.  Ron Livingston was in Office Space, which should make him eligible for a career achievement Oscar one day.  Even Nikki (Brooke Langton), the girl Mikey left 15 ill-advised messages for, was the female lead in a Keanu Reeves movie!  That’s an incredible post-Swingers group resume (even though Charles and Sue are nowhere to be seen).

I honestly can’t think of another movie that launched so many substantial careers –  maybe The Blair Witch Project?


2.  The resultant Swingers‘ drinking games have been outlawed in many states

Playing by standard rules – take one drink any time you hear a character say “baby” or “money” – most normal humans will be sporting a Miguel Cabrera-esque BAC before Mikey and Trent exit the casino.  Even if the drink of choice is Mike’s Hard Lemonade.  Seriously, give it a shot*.  (Unless you live in SD, ND, FL, AL, AK, HI, MO, MS or ID.)

Basking in the success of another, a rarity
I make that face sometimes, too, T.


3.  There’s lots of solid trivia throughout to amaze and annoy other people who are watching

The guy winning big at the $100 table is Vince Vaughn’s dad; the older woman who hits a hard seventeen (even though the biker guy next to her is silently imploring her to stay) is Favreau’s mom.  During the famous answering machine scene, the answering machine itself disappears intermittently throughout the scene, even though it is the focal point of the shot and at one point is speaking to Mikey (about how big of a tool he is).  Spielberg casting VV in the Jurassic Park sequel after watching the “Groucho” scene to approve its use of the Jaws music.   The Goodfellas and Reservoir Dogs homages are nice touches, as well.  Any real fan should be able to run his/her own commentary track.


4.  There’s hot chicks

I honestly thought that Deena Martin (Christy, the Vegas waitress that Trent picked up – the one who wasn’t Dorothy) had star potential.  She was easy on the eyes and appeared to even have some acting chops when consoling Trent following the “brother” story and helping deal with Mikey’s lameness.  Haven’t seen her since, and it appears that the only thing she’s done recently is update her facebook page.  Sadly there’s not even a decent picture available on google.  The aforementioned Nikki was also insanely attractive while carving Mike up as she recalled him asking for an application at her coffee shop.  Heather Graham actually managed to look un-attractive in this, but the part required her to turn down the hotness a bit.  (That didn’t effect her standing in my world rankings.)  Strong work by the casting director.


Even in b&w, swing dancing is stupid
Even in b&w, swing dancing is stupid


5.   The movie remains hilarious…

Despite having seen it like 800 times, I still find practically every scene funny.  Lots of good stuff going on in the background (the aforementioned biker begging grandma to stay on 17, Mikey quietly calling T “Double Down” during the epic “Jenny Eat Something” monologue, Trent embarrassing Mikey with questions about the delivery guy, the fact that delivery was only 40s of malt liquor, etc).  I especially enjoy the final bar scene, with the guys celebrating as Mikey is finally making a move, Trent raking Sue over the coals about this girl (“we were playing football, I don’t remember you stepping away to call her”)…even the dramatic scenes had subtle stuff baked in (snowman on the par three course, “at least it’s Disney,” among others).

Apparently a lot of the material stemmed from the main cast’s real life interactions – Favreau, Vaughn and Livingston were really friends when they were coming up.  The “you’re like a bear, with fangs” speech was one Vaughn had given Favreau almost verbatim as he was trying to get over a breakup and re-enter the world, so that’s probably why much of the movie rings true.

5a.  …and still provides a vivid reminder of what it was like back in the good old days

Now that I’m old, when I hang out with friends we usually drink wine (and discuss tannins), play golf (and complain of back pain), talk about our meds, etc.  But Swingers is a nice reminder of the good old days, when we used to rag on each other constantly, talk shit, drink, play video games, talk more shit, try to pick up chicks, drink more, talk shit about who’s picking up more chicks, drink more while ineffectively trying to pick up chicks, do shots because your loser buddy is actually trying to pick up a chick, talk a smidge more shit, drink something out of a test tube, eat some greasy food at 3:15 AM, get close to starting fights with strangers….sigh….those were the days.  I’ve always maintained that Trent was the best friend in movie history, especially in light of his trailer park sacrifice (that part I do not remember from the good old days; I’m pretty sure most of my cronies would’ve said “you should go check your messages” and tried to hook up with Christy and Dorothy).  God bless you, Trents of the world, if you exist.


Somebody's head is about to bleed - hopefully not because of Sue and a curb a curb
Somebody's head is about to bleed - hopefully not because of Sue and a curb


Sadly, I’m writing this without the benefit of a recent screening, so I’m probably leaving out some important bits of analysis.  Swingers is the only movie I’ve ever purchased three times: twice on DVD and once on VHS, but sadly my copy is still in storage.  I might have to hit up the playstation network to make it 4x I’ve paid for it….


Have a nice weekend,

Chilly17


* wastedpotentialz.com is not responsible or liable for any injuries, monetary damages or hospital charges associated with such efforts.  For recreation only, not to be used for gambling or proprietary trading.  White zinfandel not included.

Investment Banking Stereotypes: A Deeper Dive

Investment Banking Stereotypes: A Deeper Dive

harvard_business_school

Given our robust recent bump in traffic from hard-charging soon-to-be MBA student types (thanks wallstreetoasis.com and Businessweek forums!) I’ve decided to preempt my scheduled banalities for a closer look at the personalities you will find in banking.  So enjoy one of the few truly educational posts you’ll find on this site – and don’t be afraid to leave comments.  (For more stereotypes, you can read about the sweet sound systems in the cars I’ve owned)

But before all that, let me offer three bits of legit wisdom for the legions of folks breathlessly updating the BW boards and getting all lathered up over the whole business school thing.  Allow me to assuage some of your fears:

What if I don’t get into H/W/S/K/M/C/Z/R/Q?  Will my life be effectively ruined? I didn’t take much away from my seven years in banking, but I do recall that no one gave the slightest fuck about where you went to business school.  There may be some marginal advantages in the recruiting process at some schools compared to others – but you may also be a small fish in a big pond at said school, putting you at a relative disadvantage.  I can’t speak for P/E, VC, consulting, etc but my gut feeling is that it doesn’t fucking matter at all once you get your foot in the door (assuming you get into one of the Top Ten Schools, of which there are probably 16).

Will B-School be hard for me?  I’m not actually that smart. You don’t need to sweat this one either – no one in business school is really that smart.  Everything is done in teams and – this was not intuitive to me – most of the students seem to enjoy doing more work rather than less!  So even laziness is not really a negative trait – there’s always someone to pick up your slack.

And most of the classes utilize the “case” method, whereby you read a short story (often business-related) and then form a vague opinion on the story based on something your professor discussed in class a few days before.  B-schools largely eschew “textbooks” these days, so if you aren’t book smart, but are good at raising your hand and filibustering, then you will flourish in the system.

(Caution: do not embrace your true laziness until after the first semester – the point of this whole thing is to score a sweet job and you can’t do that if you don’t do shit from the get-go.  And even at those elite institutions where they don’t reveal grades, you still run the risk of sounding idiotic during the interview process if you aren’t a frickin WACC expert.  After you get a good summer job, feel free to coast.)

What if I don’t get a job and end up with $120k in debt? You’re fucked. (Or: insert bailout joke here)

At some point I will get around to telling the story of how I got a full time offer a month after 9/11 after having had a disastrous Summer Associate experience.  I need to let the healing hands of time wash away some of the shame first.



OK, enough with the community service.  As discussed here, bankers exhibit basically three broad personality types: robots, jargon fanatics and douchebags – most bankers are some combination of the three.  Within this spectrum there will be sprinkled bits of moodiness, passive agressiveness, “let’s grab a coffee”-ness, etc that make each banker unique.  Through this veritable blizzard of banker snowflakes emerge a few stereotypes that you will find at every investment bank (and likely at just about any professional institution).


Jargon Boy

Description: I have already described this guy a bit: he’s the one who wants to prove how much he’s into the job and what an integral cog he is in the institution by talking so idiotically that he makes everyone he comes in contact with want to kill him.  Even summer analysts smell the desperation upon first meeting a JB; commands zero respect from anyone in the office, including the mail guy and the car service drivers.



Substitute "doin deals?" for "making copies?" and you've got the idea
"Doin deals?"







How He Will Impact You as a Junior Banker: Jargon Boys are on a constant quest to find someone to mentor/be their friend.  You will be regaled with stories of the tickets he printed as a junior and besieged by requests to get lunch or coffee so he can expound upon best practices for “spinning plates,” “making sausage,” and “chopping wood” (all euphemisms for needless bullshit work he’ll have you spend the next 4-5 days on)

Recommended Strategy: While JBs are pretty harmless, make sure you don’t work with them exclusively or you may be in danger of catching the Stockholm Syndrome.



Doctor Urgency

Description: This is what Jargon Boys grow up to be: passive aggressive asswipes that make any simple client request a weekend Three-Alarm emergency that will require extra staffing and a special convening of whatever committee would be required to approve the (hypothetical) transaction.  Typically driven by deep self loathing and an extreme dislike of their home lives.  Have a great desire to be perceived as a hero by their bosses and believe that generating internal hype/panic is the best method for this.  (This has actually proven to have the exact opposite effect)



Dr. Urgency as a pre-med
Dr. Urgency as a pre-med







How He Will Impact You as a Junior Banker: Will use primitive brainwashing techniques to convince you that: a) the hypothetical crap he’s having you pull all-nighters for is really, really important; and b) working closely with him forever is the only way you’ll last in the industry.  Every Friday afternoon he will come to your cube to grandiously announce how, [fill in name of non-fee-generating client] has asked for [analysis/profiles that will in no way generate any fees] and you will need to stay late tonight and be in early tomorrow to do the [analysis/profiles] and the committee memo that will never appear before any committe, except for the hypothetical transactions committee.

Recommended Strategy: Stay far away.  Nothing good can come of it.  Have a set list of excuses for the inevitable “Hey, you wanna grab a coffee” requests.



The Family Guy

Description: Unlike Peter Griffin, these guys usually aren’t barrels of fun.  Generally hard-working and focused but will always contour work to meet family requirements (who said family values are dead?).  This sounds well and good, but when 80% of the deal team is 28 years old or younger (or an extremely immature 39 year old) the “let’s have an 8:00 AM conference call Saturday morning” to discuss whatever (hypothetical) deal can get really old.  Family Guy usually favors aggression over passive aggression; likely gleaned from child rearing manuals and need to get straight to the point on shit so as to have ample time for kindergarten interviews.






The original Family Guy
The original Family Guy





How He Will Impact You as a Junior Banker: Excessive embrace of human side when at home often translates to more demonic presence in the office.  The aforementioned inconvenient conference call times are often accompanied by screaming/crying interruptions.  Can be highly irritable – particularly when delays in work process jeopardize seeing the kids one last time before long trip.  

Recommended Strategy: Tread carefully.  There’s a bit more upside for working with FGs as they at least have some non-work interests.  They tend to be pretty volatile though, so if you cry easily you might want to keep your distance.



The Diva

Description: Typically a more junior banker who experiences early career success and then leverages this recognition via carefully targeted jargon bombs and discrete yet appropriate ass-kissing.  Is eventually annointed a “superstar” by senior bankers while being widely reviled by peers and juniors.  Actually has done little to no work in career (beyond planning exotic vacations every 2-3 months).

How He Will Impact You as a Junior Banker: (That’s right, “he” – trust me, this is non-gender-specific)  The Diva will get credit for successes that he had no part in, but paradoxically will always escape blame for failures that he was directly responsible for.  The Diva will always work less than you and get paid more than you.  Just accept it.  Don’t embrace the hatred.  In fact, I strongly believe we should be commending the Divas for their adroit navigation of the piranha-filled waters of the Street.  (Particularly since we may need them to give us a job some day.  And given that they don’t ever do shit, they’re going to be looking for strong wood-chopping types).

Recommended Strategy: You won’t have any say in the matter.  Divas always get what they want.  If you pretend to be an idiot they will probably not want to work with you since they need someone to pull their weight (that’s called “providing leverage” in banking)



Mikey was a textbook Bitter Guy, but Double down was all Diva
Mikey was a textbook Bitter Guy, but Double down was all Diva



The Bitter Guy

Description: Routinely driven insane by illogical pay/ranking as compared to Diva classmates.  Despises himself for coexisting with investment bankers.  Cannot bring himself to utter jargon even when required to do so by the powers that be.    Refuses to play the game and eventually quits over perceived rampant injustices; later takes glee in the downfall of former colleagues and organization.

How He Will Impact You as a Junior Banker: The Bitter Guy is mostly pretty amusing; can be tough on the junior folks at first as his caustic memories of his early days on the job recall him putting in 23.5 hour days 6-7 days a week.  Diatribes following pay announcement are youtube-worthy.

Recommended Strategy: BGs are generally fine to work with; sometimes they will take it out on you, but hey – you are going to get screwed over by someone, right?  Might as well listen to some vitriol while you’re at it – just don’t let their bitterness creep into your system.



The Mom

Description: Common career arc for female robots: they handle their personal and professional lives as methodically as someone crossing items off a grocery list.  This grocery list always includes ample amounts of two things: maternity leave and bonuses collected.  Kudos to the ‘bots for figuring out the maternity leave/bonus arbitrage before the quants.  (Moms follow the exact opposite strategy as that insane Octomom – they would ideally be constantly pregnant for eight years rather than dropping double quads at one time – the IRR is much worse)



Tasteful yet stretchy business dress, will hold up through many bonus cycles!
Banker Moms practically created the maternity business suit market


How She Will Impact You as a Junior Banker: Exhibits some Family Guy characteristics, but is typically fairly junior (if at the still-pumping-out-kids stage).  Will generally need to leave the office earlier, so may result in more “carring” of documents and 9:00 PM conference calls (whereas everyone else would normally still be in the office).  Motherhood often lends a compassionate edge to the robotic personality, particularly in those Moms that are just hanging in for x more bonus cycles.

Recommended Strategy: I would say Moms are generally fine to work with, particularly the ones who lose a bit of their robotic edge with each birth.  They will be on leave roughly 50% of the time though – so be wary of who will fill their shoes when they’re out of the office – could be a Jargon Boy.