What I Learned This Week – How To Get Out of the Maze

It seems like a good time to write about the importance of retreating from the highly demanding life that a lot of us monkeys lead.
When I’m working, I am at the office from around 8 till 8, am accessible when any markets we trade are open and am on call outside of that. All-in-all this is around 80hrs a week, which, for me at least, isn’t sustainable.
I suppose it’s for this reason that the industry has a high rate of attrition, however I’ve been lucky enough to recognise early in my career that it’s important to get out the maze, totally away from the day-to-day, relax and regain some perspective. So, here’s a list of five things I do to stay sane and productive:
1) Read: I prefer non-fiction and read a lot of books on history and economics. It gives me perspective, which is really important. For this same reason, I steer clear of news and current affairs (…and WSO?). Fiction’s not my deal, but if it’s yours, read that.
2) Cook: My physics prof at university always insisted that doing things that ‘use your hands’ was great to clear the mind and help with problem solving. I really enjoy cooking beause I can switch off the analytical part of my mind, relax and be creative. Eating well and being healthy comes as an added bonus.
3) Exercise: Whether it’s running, swimming, sex or surfing, I do something every day. When I get super busy, I do a bunch of sit-ups and push-ups in the morning and evening before I shower. I’ve always found it counter intuitive that exercising gives you more energy, but it seems to be the case.
4) Family: Just like the distinction between reading news and history, spending time with friends, particularly from the same industry or age, can be counterproductive. Family will almost always want to talk big picture, remind you to be patient as well as how successful and fortunate you are.
5) Me Time: Get comfortable spending time with yourself. I never really understood this until I moved overseas, but now I’m comfortable and enjoy doing things like travelling or eating out by myself. It often forces you outside of your comfort zone away from the security of your friend’s conventional wisdom. If your aspirations are on the buy-side I advocate this as being the most important personal quality to have. If you are reliant or the company and approval of others to be comfortable, you’ll never make money.

 
Best Response

Given my personal experience, I'm inclined to agree full heartedly with this. I'm only 23, but I've realized that the real key to success is balance and diversity. One needs to drive hard, focus and put in 100%, but doing so almost exclusively is not sustainable. It leads to burn out and relative underperformance. It also makes you a more boring, less sociable person.

Like OP said, find time for your self and do things that aren't related to your work. Read, socialize, work out and learn different things. Ultimately, it won't be your analytical prowess alone that will propel forward, but your ability to attract others with your social skills and interesting personality, how else would you bring in clients, talented employees and build equitable relationships? Be the person a client looks forward to working with, not the calculator that spits out numbers.

 

Fugit quo et aliquam eaque ab. Quos neque sit temporibus. Pariatur in eius omnis impedit. Reiciendis molestiae praesentium ratione velit et voluptas in.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”