LeFevre Perpetuates Banking Stereotype, Details Drugs, Women and Debauchery

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Mark Melin
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Perhaps the most common reaction to John Lefevre’s book “Straight to Hell” comes from former equity derivatives trader Matt Levine, now a Bloomberg columnist. Lefevre (more commonly known as GSElevator) was on Bloomberg Television talking inside baseball with Levine, Erik Schatzker and Matt Miller, addressing topics in his tell-all, pillow-talk misadventures in Asia working for a major bank. Levine, as noted in a widely read column he wrote on the topic, thinks the book paints an inaccurate picture of big bank culture. John LeFevre: “As a bank executive I traded drugs and women for client business” “I would say unequivocally there…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.