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The BlackHat Interview: 4/4
 

BlackHat's picture
HF
 
Points)
 on 8/14/12 at 6:30pm
blackhat.jpg

Mod (Andy) note: The much anticipated BlackHat interview is here (see part 1, part 2, part 3). Questions came from myself and members of writing and intern teams. BIG thanks to BH for his really in-depth/quality/quick responses. I promise all of you will have some great takeaways from this series.

If you don't know of BlackHat, he has been in the HF industry for 5 years (broke in straight from ugrad), has been one of the most active members on the site this year, and boasts a formidable 278:30 sb:ms ratio.

Here's how the four part series will go:

  1. Background / breaking into HF
  2. Working in HF, Money & Motivation
  3. Career advice for all you WSO Monkeys + how he advanced in his career
  4. This post: BH's future, and some miscellaneous tips and thoughts


First question of Part 4: What's your next step?

(btw, try to keep your questions relevant to the current post as he may have likely already answered it in a previous or upcoming post.)
My next step isn’t really decided yet. Like a lot of people out there my goal was to be able to run my own money, and as far as my boss is concerned, anything I recommend pretty much goes into the fund, so I’m satisfied in that regard. The only event in my life I have to focus on right now is my wedding and my fiancée. Until that’s out of the way, I feel pretty satisfied with where I am professionally, but that doesn’t mean I don’t have grand aspirations on deck…

What are your future milestones?
Future milestones for me are hard to quantify. I'm not going to sit here and say with a straight face that a goal of mine is to hit $X in net worth or to buy a X,000 square foot house or anything like that, because it's just not true. The only big professional goal I have right now is to be my own boss. I have plans to make that happen, so it's not something I'm stressing about. And even if it doesn't, it's not a very serious goal but it's a goal nonetheless. Most of my goals from here on out are family related. I want my wedding to go smoothly, I want a few great years alone with my wife, and by then I might even want kids, who knows. But I think I'm too young to put too many big milestone goals into my head. The last thing I want to do is set myself up for disappointment.

If you werent working in HF what do you invision yourself doing?
If anything I think I’d want to have become a lawyer or a writer. Like I said I think one of my best qualities is being a good judge of character and having a unique perspective on life, so putting those together I think would work really well as a writer or some sort of speaker, or as a lawyer. As some of you know I’m a huge Suits fan and that’s pretty much because I had wanted to be a lawyer for a lot of my childhood. Then again that’s probably because my parents told me I had two choices: doctor and lawyer. It was a 50/50 shot.

What have been some of your highest highs and what were some of your lowest lows (in your life and career)?
The lowest I’ve ever been was definitely during the depression/drug-laced years, and the highest high is definitely proposing to my fiancée. I like to think it’s nearly impossible for something career-related to occupy either of those spots, but I’ll include career high and lows too. The high was probably getting hired at my current firm, since it is very similar to the firm I worked in right after undergrad, and fit my personality and style perfectly. The lowest low and highest high or usually related, and for me that’s the case here. The lowest I had ever been during my career was during the latter part of my time at my last HF, where I felt basically stuck in an environment I didn’t like and was convinced there was no way out. Coming to work every day actually got to the point of being a pain in the ass and I was routinely leaving work earlier and earlier and luckily snapped out of it and pushed myself to go find a new gig.

From a female monkey: What could girls do to snag a man like yourself?
Haha, well first of all let me remind you that you probably don't want a man like me, I'm kind of a nutjob, but I'll take a crack at this one anyway. I guess in the same vein as my last answer, guys with substance are looking for someone special. If you take a look around there's a lot of good looking women out there, so that's not enough to be special. I was attracted to my fiancee because she was a classy girl who had her own things going on in life, and most importantly she was INTERESTING. So many girls I've dated or simply spent time with are just totally boring.

I don't know what it is about you girls but I think it's instinctual that you think your main responsibility is to sit and smile and just laugh at everything I say. That's probably the worst thing you can do, especially considering I'm insecure enough to think you're totally bored with me if you never contribute anything to the relationship. It also helps to take some initiative and show that you actually care about us or are interested. A lot of guys are afraid of rejection, so even if they've made all the right moves and you're interested, if you don't make at least some indication that's legitimately explicit, that could be a missed connection and 9 times out of 10 that's what happens. I'm personally attracted to a girl who's a little bit more forward than all the others, and that's another way you could be special. No mind games, just be a real person for once. That, and some slight gesture to show that you care, and you've probably got all you need to reel me in. Being cute helps, but it's definitely not a requirement... in fact I hope my fiancee stops caring about her appearance once/if we have kids... She's got bigger things to be focusing on once that happens.

What are 3 tips you have for picking up chicks in a bar?
When I was younger I had this great idea for how I was gonna work on my game. I’d call up the operator and if it was a chick I’d start hitting on her, testing out all my pick-up lines and usually getting hung up on, but I had a little success getting them to play back when I complemented them in a really flirty way. Girls love to be complemented, especially if you’re not horrible looking because then it just seems creepy, and it’s always been a great opener. So here’s my tips:

1) Complement her in some sort of mildly sexual way, maybe something about what she’s wearing or even sometimes what I’d do is complement them on something that makes no sense to complement. Tell homegirl she’s got the sexiest neck you’ve ever seen. Or her knuckles are absolutely gorgeous. I’m tellin’ you, it works.

2) Don’t be creepy. This is partially in the way you say whatever you say and partially in the way you look. Some of you are creepy as hell to begin with so I don’t hold out much hope for you, but that’s what I got.

3) Don’t be boring. If there’s something interesting about you make sure you casually slip it into conversation. Nobody wants to go home with “that guy who worked in finance” but I’m sure lots of girls out there want to check off their bucket list sleeping with “that guy who’s wanted for grand theft auto.” If you’re not wanted for grand theft auto and this is a one night stand situation, you have my permission to make something awesome up. Like the guy who posted saying he was a rodeo clown, that’s just plain baller.

What are 3 tips for living in NYC?
1) Make sure you don’t have a problem going places by yourself sometimes

2) Don’t be too far from work unless you’re okay with sweating your balls off on the way or riding the subway and all the pain in the ass that comes with it. I’ve never been a subway guy though so I can’t really judge the subway crowd, which is pretty damn large and probably has no problem with its subway-ness.

3) Find a gym that’s close to work and use it. NYC is an easy place to get fat pretty quickly. Just look around and you’ll see evidence of it.

Tell us your thoughts on the book 50 shades of grey, it seems like you've mentioned it a few times.
My fiancee was reading 50 Shades of Grey and I had heard all the fuss about it, and I was talking about how stupid the book probably was and she challenged me to read it, so I did. It might sound crazy but after I finished I was sorely disappointed by the lack of "dirtiness" after hearing how nasty it was supposed to be. Apparently most people think that book is pretty "out there" but to me it was actually fairly vanilla. Some might be surprised but BlackHat isn't afraid of a whipping or two. I'm actually getting my own Red Room of Pain built into my apartment next month...

I hate victims who respect their executioners Follow BH & Co. on Twitter: @DumbLuckCapital twitter.com/DumbLuckCapital

Comments

Neighbor's picture

Good stuff Black. Quick

IB
(King Kong, 1,236
 
Points)
 on 8/14/12 at 7:15pm

Good stuff Black. Quick question:

From a male monkey: What could I do to snag a man like yourself?

I didn't say it was your fault, I said I was blaming you.

In reply to Neighbor
BlackHat's picture

Neighbor: Good stuff Black.

HF
 
Points)
 on 8/14/12 at 7:22pm
Neighbor:

Good stuff Black. Quick question:

From a male monkey: What could I do to snag a man like yourself?

Two words: Banana Hammock.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

Ron Paul's picture

Vote BlackHat 2012. Also,

 
Points)
 on 8/14/12 at 7:23pm

Vote BlackHat 2012.

Also, please explain the ostensible contradiction below.

BlackHat:

1) Tell homegirl she’s got the sexiest neck you’ve ever seen. Or her knuckles are absolutely gorgeous.

2) Don’t be creepy.

In reply to Ron Paul
BlackHat's picture

Ron Paul: Vote BlackHat

HF
 
Points)
 on 8/14/12 at 7:23pm
Ron Paul:

Vote BlackHat 2012.

Also, please explain the ostensible contradiction below.

BlackHat:

1) Tell homegirl she’s got the sexiest neck you’ve ever seen. Or her knuckles are absolutely gorgeous.

2) Don’t be creepy.

Just take your pants off at that point, now that I think of it.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

In reply to Neighbor
Misspartiesalot's picture

Neighbor: Good stuff Black.

 
Points)
 on 8/14/12 at 7:28pm
Neighbor:

Good stuff Black. Quick question:

From a male monkey: What could I do to snag a man like yourself?

BH don't deal with such petite question. As his assistant, I give you a shot: SURGERY (You know the kind)
Friendly reminder: after you get it done, stand in line right behind me. It is gonna be a long one for the mistress opening.

--Money can't buy happiness. it can only buy orgasms.
--Who the hell says I want happiness? Orgasms all I need.

BTbanker's picture

Fucking hate it when all

IB
 
Points)
 on 8/14/12 at 7:34pm

Fucking hate it when all girls do is laugh at whatever you say. It makes them look so insecure.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

go.with.the.flow's picture

Great interview BlackHat

CD
(King Kong, 1,158
 
Points)
 on 8/14/12 at 7:35pm

Great interview BlackHat whats your take on dating at the office?

|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||

In reply to Misspartiesalot
BlackHat's picture

Misspartiesalot: Neighbor:

HF
 
Points)
 on 8/14/12 at 7:38pm
Misspartiesalot:
Neighbor:

Good stuff Black. Quick question:

From a male monkey: What could I do to snag a man like yourself?

BH don't deal with such petite question. As his assistant, I give you a shot: SURGERY (You know the kind)
Friendly reminder: after you get it done, stand in line right behind me. It is gonna be a long one for the mistress opening.

I second the recommendation for *that* kind of surgery. As my plastic surgeon friend says... "it's always easier to dig a hole than build a pole"

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

In reply to Ron Paul
Misspartiesalot's picture

Ron Paul: Vote BlackHat

 
Points)
 on 8/14/12 at 7:49pm
Ron Paul:

Vote BlackHat 2012.

Also, please explain the ostensible contradiction below.

BlackHat:

1) Tell homegirl she’s got the sexiest neck you’ve ever seen. Or her knuckles are absolutely gorgeous.

2) Don’t be creepy.

haha. totally agreed. A baller like you should have come up with better lines THAN THAT. Ok, well, his non-PUA trait is a turn-on to me somehow.

--Money can't buy happiness. it can only buy orgasms.
--Who the hell says I want happiness? Orgasms all I need.

In reply to Misspartiesalot
Ron Paul's picture

Misspartiesalot: Ron

 
Points)
 on 8/14/12 at 8:47pm
Misspartiesalot:
Ron Paul:

Vote BlackHat 2012.

Also, please explain the ostensible contradiction below.

BlackHat:

1) Tell homegirl she’s got the sexiest neck you’ve ever seen. Or her knuckles are absolutely gorgeous.

2) Don’t be creepy.

haha. totally agreed. A baller like you should have come up with better lines THAN THAT. Ok, well, his non-PUA trait is a turn-on to me somehow.

BH already addressed this. He doesn't need the lines, he just takes his pants off then boom it's on.

TheKing's picture

Serious, if weird, question.

O
 
Points)
 on 8/14/12 at 8:08pm

Serious, if weird, question. Have you ever heard of value-oriented hedge funds like the place you work at hiring, like, investigative reporters? What about financial crime detectives / FBI types?

Super random, I realize, but it seems like much of what you do for your job is deep investigations of companies and industries, not number crunching.

Maybe it's just my hard-on for Law & Order that makes me think that, haha.

Check out my WSO Blog

In reply to TheKing
BlackHat's picture

TheKing: Serious, if weird,

HF
 
Points)
 on 8/14/12 at 8:30pm
TheKing:

Serious, if weird, question. Have you ever heard of value-oriented hedge funds like the place you work at hiring, like, investigative reporters? What about financial crime detectives / FBI types?

Super random, I realize, but it seems like much of what you do for your job is deep investigations of companies and industries, not number crunching.

Maybe it's just my hard-on for Law & Order that makes me think that, haha.

Fantastic question actually. Not as much anymore, but a lot of the guys who started here when our PM founded the place were actually financial journalists. And at my first firm the same was the case. A lot of people at my old firm were pretty prominent WSJ reporters or otherwise before joining.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

General Disarray's picture

that is all.

IB
 
Points)
 on 8/14/12 at 8:32pm

that is all.

In reply to go.with.the.flow
BlackHat's picture

go.with.the.flow: Great

HF
 
Points)
 on 8/14/12 at 8:32pm
go.with.the.flow:

Great interview BlackHat whats your take on dating at the office?

Never, unless it's a genuine attempt at uncovering marriage material. So basically no fuck buddies. Been there, it doesn't work. Even (read: especially) with back office / HR / etc.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

In reply to BlackHat
TheKing's picture

BlackHat: TheKing: Serious,

O
 
Points)
 on 8/14/12 at 8:44pm
BlackHat:
TheKing:

Serious, if weird, question. Have you ever heard of value-oriented hedge funds like the place you work at hiring, like, investigative reporters? What about financial crime detectives / FBI types?

Super random, I realize, but it seems like much of what you do for your job is deep investigations of companies and industries, not number crunching.

Maybe it's just my hard-on for Law & Order that makes me think that, haha.

Fantastic question actually. Not as much anymore, but a lot of the guys who started here when our PM founded the place were actually financial journalists. And at my first firm the same was the case. A lot of people at my old firm were pretty prominent WSJ reporters or otherwise before joining.

That's awesome and makes a ton of sense. I sometimes hate how silo'd things have become, and not just in this industry. It's tough to break into these sorts of roles with unorthodox backgrounds anymore, even if they might make a ton of sense.

Check out my WSO Blog

In reply to TheKing
BlackHat's picture

TheKing: BlackHat: TheKin

HF
 
Points)
 on 8/14/12 at 8:48pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

In reply to go.with.the.flow
oilmonkey's picture

go.with.the.flow: Great

(Chimp, 13
 
Points)
 on 8/14/12 at 9:42pm

/end

In The Flesh's picture

Great stuff, BlackHat. Your

HF
(Neanderthal, 2,883
 
Points)
 on 8/14/12 at 9:51pm

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

In reply to BlackHat
twinb's picture

BlackHat: TheKing: Serious,

(Monkey, 32
 
Points)
 on 8/14/12 at 11:15pm
Value Sleuth's picture

Einhorn says he hired a PI in

HF
(Monkey, 60
 
Points)
 on 8/15/12 at 1:06am
Maherj1's picture

Blackhat, apologies if you

O
(Baboon, 170
 
Points)
 on 8/15/12 at 9:23am
jimmycabo's picture

Good stuff.

 
Points)
 on 8/15/12 at 8:45pm

schmooze or lose

lakeshow's picture

nice series. thanks for doing

 
Points)
 on 8/19/12 at 12:39pm
In reply to Maherj1
BlackHat's picture

Maherj1: Blackhat, apologies

HF
 
Points)
 on 8/20/12 at 1:07am

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

californication's picture

Thanks for the interview and

(Chimp, 2
 
Points)
 on 8/20/12 at 4:57pm
In reply to californication
BlackHat's picture

californication: Thanks for

HF
 
Points)
 on 8/20/12 at 9:29pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

Buffettbubble's picture

Great series BH and thanks

AM
(Chimp, 8
 
Points)
 on 8/21/12 at 9:35pm
Buffettbubble's picture

Great series BH and thanks

AM
(Chimp, 8
 
Points)
 on 8/21/12 at 9:35pm
In reply to BlackHat
JimmyDormandy's picture

BlackHat: Maherj1: Blackhat

VC
 
Points)
 on 9/5/12 at 10:42am

"Jesus, he's like a gremlin; comes with instructions and shit"

In reply to JimmyDormandy
BlackHat's picture

JimmyDormandy: BlackHat:

HF
 
Points)
 on 9/5/12 at 12:09pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

numnum's picture

Does your fund prefer to hire

 
Points)
 on 1/1/13 at 9:05am
numnum's picture

And to follow up that

 
Points)
 on 1/1/13 at 9:08am
jjjjl241's picture

Thanks a ton, BlackHat

(Baboon, 153
 
Points)
 on 1/3/13 at 3:16am
wonderbread's picture

I am officially going to lose

O
(Chimp, 12
 
Points)
 on 5/8/13 at 2:19pm

- wonderbread

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