Handler shared that he has always been in awe of Lehman Brothers, admitting to having modeled much of Jefferies on it, acknowledging the bank's monumental impact on the financial landscape.
After the collapse, Handler reflected on the lessons gained from the experience, highlighting key truths such as 'arrogance always kills' and 'everything in life is fragile,' emphasizing a more humble approach to business.
Handler's email correspondence with Fuld illustrates a moment of empathy and recognition for the challenges faced, underscoring the importance of support in times of crisis.
The evolution of Jefferies post-Lehman, becoming a primary dealer for the New York Fed, exemplifies resilience and adaptation, transformed from a small firm into a significant player in the finance sector.
Collection
[
|
...
]