--- title: "Meaning & Key Takeaway of: The closest most people have ever come to…" description: "\"“The closest most people have ever come to understanding what an investment banker does may have been on October 24, 1995, when they heard the outrageo..." image: "https://sms4smile.com/quotes/i/c47/peter-troob-87517_buenos-aires_the-closest-most-people-have-ever-come-t_2085705.jpg" --- # The closest most people have ever come to understanding… ![“The closest most people have ever come to understanding what an investment banker does may have been on October 24, 1995, when they heard the outrageous special interest story of the day. The wire services released the story first. It was quickly picked up and parroted by almost every major media…” quote by Peter Troob](https://sms4smile.com/quotes/i/c47/peter-troob-87517_buenos-aires_the-closest-most-people-have-ever-come-t_2085705.jpg) [Download](https://sms4smile.com/quotes/i/c47/peter-troob-87517_buenos-aires_the-closest-most-people-have-ever-come-t_2085705.jpg) [Open image](https://sms4smile.com/quotes/i/c47/peter-troob-87517_buenos-aires_the-closest-most-people-have-ever-come-t_2085705.jpg) > ““The closest most people have ever come to understanding what an investment banker does may have been on October 24, 1995, when they heard the outrageous special interest story of the day. The wire services released the story first. It was quickly picked up and parroted by almost every major media outlet in the country as a classic example of Wall Street excess. A fifty-eight-year-old frustrated managing director from Trust Company of the West, on an airplane trip from Buenos Aires to New York City, downed an excessive number of cocktails, got out of his seat in the first-class cabin of a United Airlines flight, dropped his pants, and took a crap on the service cart. There you have it. That’s what bankers do: consume, process, and disseminate.”” [Peter Troob](https://sms4smile.com/quotes/author/peter-troob/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A sensational anecdote illustrates how media sensationalism can distort public perception of a profession. **In simple terms:** Media can exaggerate to create a false image of bankers. Key Takeaway Question sensational stories, seek factual sources. Themes media perception public image finance excess misinformation Mood skeptical critical inquisitive Type anecdotal satirical cautionary When to use this quote - financial analysis - media literacy - corporate reputation - public relations - critical thinking Key Concepts journalism stereotype hyperbole Questions to Reflect On - How does sensationalism affect trust in finance? - What responsibilities do journalists have in reporting? A Different Perspective The story is anecdotal and not representative of the industry. ★ ★ ★ ★ ★ No ratings yet [Banker Does](https://sms4smile.com/quotes/about/banker-does-4097256/) [Bankers](https://sms4smile.com/quotes/about/bankers/) [Bankers Consume](https://sms4smile.com/quotes/about/bankers-consume-4097255/) [Buenos aires](https://sms4smile.com/quotes/about/buenos-aires/) [Humor](https://sms4smile.com/quotes/about/humor/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment Banker](https://sms4smile.com/quotes/about/investment-banker-741763/) [New york city](https://sms4smile.com/quotes/about/new-york-city/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) [York City](https://sms4smile.com/quotes/about/york-city/) ## Related quotes > [As an investment banker, I'm in the cross-flow of information and the changes that are taking place in capital markets.](https://sms4smile.com/quotes/euvin-naidoo/as-an-investment-banker-i-m-in-the-cross-flow-of-information-and-the/) [Euvin Naidoo](https://sms4smile.com/quotes/author/euvin-naidoo/) > [I hated being a junior investment banker. 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I was tempted to be a career amateur. I worked as an investment banker for nine months…](https://sms4smile.com/quotes/matt-kuchar/i-almost-didn-t-turn-pro-at-all-i-was-tempted-to-be-a-career-amateur/) [Matt Kuchar](https://sms4smile.com/quotes/author/matt-kuchar/) > [In essence, an investment banker resembles a magician; his greatest trick is the disappearance and reappearance of money, an illusion he so aptly executes…](https://sms4smile.com/quotes/the-ibanker-anonymous-investment-banker/in-essence-an-investment-banker-resembles-a-magician-his-greatest/) [The IBanker (anonymous Investment Banker](https://sms4smile.com/quotes/author/the-ibanker-anonymous-investment-banker/) > [“Yet Morgan was surprisingly patient. As an investment banker who had backed many railroads, which were continually absorbing new technologies, he seemed quite accepting…](https://sms4smile.com/quotes/jill-jonnes/yet-morgan-was-surprisingly-patient-as-an-investment-banker-who-had/) [Jill Jonnes](https://sms4smile.com/quotes/author/jill-jonnes/) > [You don't have to become an investment banker as a way of demonstrating that education has worked for you. But librarians have to believe…](https://sms4smile.com/quotes/francis-spufford/you-don-t-have-to-become-an-investment-banker-as-a-way-of/) [Francis Spufford](https://sms4smile.com/quotes/author/francis-spufford/) > [ What I think is bugging this guy \[Steven Lerner\] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans… ](https://sms4smile.com/quotes/rush-limbaugh/what-i-think-is-bugging-this-guy-steven-lerner-is-the-belief-that/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory…](https://sms4smile.com/quotes/bernie-sanders/what-wall-street-and-credit-card-companies-are-doing-is-really-not/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) ## More by Peter Troob > [“A good way to figure out how likely it is that the directors are sucking money out of a company is to draw a…](https://sms4smile.com/quotes/peter-troob/a-good-way-to-figure-out-how-likely-it-is-that-the-directors-are/) [Peter Troob](https://sms4smile.com/quotes/author/peter-troob/) > [“If the owners are cashing out, there's no reason for you to be cashing in.”](https://sms4smile.com/quotes/peter-troob/if-the-owners-are-cashing-out-there-s-no-reason-for-you-to-be-cashing/) [Peter Troob](https://sms4smile.com/quotes/author/peter-troob/) [Explore all 3 Peter Troob quotes ](https://sms4smile.com/quotes/author/peter-troob/) ## More Bankers quotes > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [The socially redeeming aspect of golf lies in the vast number of lawyers and bankers and managers who play it, and when you think…](https://sms4smile.com/quotes/garrison-keillor/the-socially-redeeming-aspect-of-golf-lies-in-the-vast-number-of/) [Garrison Keillor](https://sms4smile.com/quotes/author/garrison-keillor/) > [What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory…](https://sms4smile.com/quotes/bernie-sanders/what-wall-street-and-credit-card-companies-are-doing-is-really-not/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [When a government is dependent upon bankers for money, they and not the leaders of the government control the situation](https://sms4smile.com/quotes/napoleon-bonaparte/when-a-government-is-dependent-upon-bankers-for-money-they-and-not/) [Napoleon Bonaparte](https://sms4smile.com/quotes/author/napoleon-bonaparte/) > [3 people get stranded on a remote Island A Banker, a Daily Mail reader & an Asylum seeker All they have to eat is…](https://sms4smile.com/quotes/christopher-brookmyre/3-people-get-stranded-on-a-remote-island-a-banker-a-daily-mail-reader/) [Christopher Brookmyre](https://sms4smile.com/quotes/author/christopher-brookmyre/) > [“After analyzing our current crisis and studying well-established historical precedents, I must conclude that the global bankers have only three possible cards left to…](https://sms4smile.com/quotes/ziad-k-abdelnour/after-analyzing-our-current-crisis-and-studying-well-established/) [Ziad K. 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So when a…](https://sms4smile.com/quotes/will-rogers/the-bankers-just-got-a-good-cussing-by-everybody-for-loaning-too-much/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) [Browse all 464 Bankers quotes ](https://sms4smile.com/quotes/about/bankers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The closest most people have ever come to understanding what an investment banker does may have been on October 24, 1995, when they heard the outrageous special interest story of the day. The wire services released the story first. It was quickly picked up and parroted by almost every major media outlet in the country as a classic example of Wall Street excess. 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