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Relationship between Following the Markets and Investment Banking

Why is it important, as an investment banker (M&A), to follow the markets? As an investment banker, you are working on spreadsheets, projections, presentations for an acquisition or a merger between two companies. How does this tie in with knowing about the markets?

Many people constantly tell me that I should be following the markets, but why?

Note: This is a sincere question, I promise.


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