Club Finance with Marc Fiorentino

30 years ago, young graduates were part of the heady adventure of financial innovation. At the end of the 80s, they were working at Salomon Brothers, Drexel Burhnam Lambert, Goldman Sachs and Société Générale, participating in the development of bond markets, junk bond and mortgage markets, and derivatives.velopment of the bond, junk bond and mortgage markets, as well as derivatives. This was the era of hedge funds led by macro funds such as Quantum and Tiger...

Thirty years on, how do we assess this period? Who is to blame for the explosion in private and public debt, which in 1980 amounted to no more than 30% of GDP? The bankers behind the famous "too big too fail" principle, the politicians seeking to maintain the illusion of a capacity for action through spending and fiscal policy? of action through spending and borrowing, or savers demanding returns far too high for the risk they are able to tolerate?

Against the backdrop of the financial crisis and the end of the reign for finance and most developed countries, what lessons can we draw from the crisis that began in 2007? What good and bad lessons have been learned? Have yesterday's traders been overtaken by a new generation of HFT machines and dark pools flooding the markets with spoof trading orders? What advice do you have for young French financial entrepreneurs and ordinary savers today?

Marc Fiorentino, an HEC graduate (1982), has spent his entire career in the world of finance. First with investment banks (Bank of America, Salomon Smith Barney...), then with the creation of his own brokerage firm in 1999. A best-selling author and radio columnist, he also runs a financial advice website, allofinance.com. Marc will share with us 30 years of experience and insight into his vision of the world of finance and its possible transformation.

ATTENTION: this breakfast starts at 8:30!