16 year old Hedge Fund Manager
I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting,
I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.
I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.
My plan for a while was this:
-Go to college and major in Finance, Math, Economics
-Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
-Slave away for 2-3 years and then get an MBA
-Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
-Then get crazy returns and grab a spot on the Forbes 400!
Ok, the last one might be pushing it a little bit, but hey, you never know!
I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.
Awaiting for the shit show to commence.
I can't do this anymore. I just can't.
It's great that you're putting so much thought into your professional aspirations but please, for your own sake, enjoy the last summer of your life. Go talk to some girls or something. Go to the beach, I don't know. Oh, the things I would do to go back to high school... You won't appreciate it till it's over.
http://www.youtube.com/embed/oA0IpS_3S-0
coolstory, bro. tell it again.
I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.
My plan for a while was this: -Go to college and major in Finance, Math, Economics -Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!) -Slave away for 2-3 years and then get an MBA -Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s -Then get crazy returns and grab a spot on the Forbes 400!
Ok, the last one might be pushing it a little bit, but hey, you never know!
I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.
Damnit, Swagon. I just laughed in a room full of people.
I don't know why but that killed me
but seriously? Learn to program
This. If I could go back and give my 16-year-old self some advice, much of my career-related counsel would be "Look - go after finance if you want, but make sure you can program."
i'll bore you when you become successful
Are you serious? Programing? enlighten me
This aged well lol
lol
honestly, if you pump the brakes a bit things will come easier. if you plan your life out year by year and job by job, you'll just be depressed when there's a bump in the road or something like 2008 happens again. Ambition is great, but be flexible about your life. Instead of watching CNBC and Bloomberg, make bad decisions and enjoy your last few summers of freedom.
OP: one step at a time. Get into a top school first. We can talk later. Get out, get a girlfriend and travel a bit more. Talk to more people. You will see many people make their living differently.
"John, seriously, we get it, you like stocks and shit...no one cares dude"
Not sure if serious
...I need a LIKE button.. badly.. funniest quote
Patrick, did you just hire someone from #WheninFinance to post this entry? I don't know whether I should take OP seriously or not. It is only Tuesday, Patrick. I still have a long week to go. Spare me.
ha, swear it wasnt me dude...I don't know if this kid is for real or not. But maybe some another ambitious 16 year old will stumble on this thread and find the advice useful.
“I work for Goldman Sachs” Me:
Him:
http://wheninfinance.tumblr.com/post/23549406906/i-work-for-goldman-sac…
when you are accepted at a university that is a target and have successfully completed your first year, you can come back and re-start this thread.
We're all getting trollololol'd
As far as proving I'm in High School, there's really not much I can do there.
Op if you were legal I'd be all over you
you heard me
What a n00b
Thought I was going to read about a 16 year old who started a Hedge Fund.
this
This. I can not even believe someone would post this. Clearly this kid read something about John Paulson and thinks he will do the same.
Set a direction, not a goal, and keep plugging away at it. If you like finance, head in that direction, but focus on the here and now and the next steps and what interests you.
Now put that nose to the grindstone and start plugging away on the Econ AP summer project your teacher gave you.
My only goal at your age was to figure out what a vagina felt like....I'm not sure if I applaud you or pity you
This kid doesn't have time for such shenanigans. Plus 100k and my left nut says he is jerkin it to Wall Street Money Never Sleeps right now.
UBS is a great bank? What the fuck? Troll.
HA! +1
http://www.youtube.com/embed/Lx4poQw1mZo
Funniest thing I have ever seen! Made me cry. +1 if I had one.
Even funnier than the Goldman Sachs video!
Isn't it your bedtime? School night bud.
People are shitting on you because you sounds so pretentious as if you have worked in the industry.
Pop quiz: you’ve enrolled in and completed over a dozen financial modeling courses, you’ve networked with hundreds of bankers, and you’ve read every article on this site 5 times over. How much do you know about the world of finance?
Nothing.
And if you walk into work the first day with an attitude that says otherwise, you’ll be kicked out and thrown into a pack of wolves, or maybe a pile of corpses that crows are feeding on.
Come in with specific requests, like “working on cross-border China M&A deals” and you’ll be out even faster.
Study as much as possible and learn all you can in advance, but never act like you “deserve” more than grunt work when you first start out.
Even if you do have a front office role, you’re not generating any revenue until you actually bring in clients or make profitable trades and investments – which won’t happen for years.
Forget that, and you really will know nothing.[/quote]
I'm just giving you a hard time, but these experienced guys will put things into perspective for you. Read all those posts starting at PennTeller's.
http://www.wallstreetoasis.com/forums/ho-hum-to-hedge-fund
Your friends probably make fun of you for more shit than "how much you know about business"
Bro, at 16 just enjoy this new and exciting thing called masturbation... and boobies. The rest is just noise for now.
How much pu$$y have you gotten my man? Enjoy the raging hormones and slay whatever you can now, don;t worry about investing in stocks. Invest in chicks with low self esteem
SB if ever someone deserved one
Every one of us should be doing this every night we go out..there is zero reason not to
Best tactic with girls with low self esteem?
first off your title fucked me over so i am pissed, you are not a fucking 16 year old hedge fund manager...........
also i dont give a shit about your family being poor, you should done aaaallloootttt more research coming into the question, dont try to pull the I am poor card.
also why the fuck are into being a hedge fund manager, you like modeling or do you like tech analysis?
I mean this is retarded i cant believe I am actually typing this now..... My advice: 1) read monkey business 2) read liars poker 3) get in to an ivy
simple.... just dont ever comment here until then unless its pics of a hot family/relative FEMALE member...... thanks
I'd like to add onto this: 4) Subscribe to the Financial Times 5) Read Leveraged Sellout 6) Lie on your resume (don't do this)
simple.... just dont ever comment here until then unless its pics of a hot family/relative FEMALE member...... thanks[/quote]
I agree....T&A!
@Ambition You could have done more research on freshman year internships when you made your first post, as it was easily searchable. But experienced users decided to be gracious, since you were a highschool kid.
Advice to OP:
1.) Banking will be a dying industry for the next 10-20 years. 2.) Set a direction, not a goal. If you set a goal, you're going to wind up with something else. If you set a direction and work at it, you'll arrive at the goal you should have set. 3.) Learn to stop caring about what other people think. Especially the folks trolling you right now. It takes thick skin to work in this industry, and you're already getting a huge advantage by getting pummelled early. 4.) Don't define yourself by your school. Folks make it into this industry from Wharton as well as from Baruch College. I made it in from Illinois; a lot of the folks on the forums made it in from state schools. If you like finance, you tend to be thrifty. :D 5.) The trolls views are largely irrelevant. People tend to get pissed off when people set higher goals than what they believe is possible for their own selves. I will admit to being pissed off about millionaires whining about 15% marginal tax rates while I pay 45% in NYC making less money than them.
A lot of folks here are pissed that you believe it's possible for you to become a hedge fund manager. It probably isn't possible, but they don't know that. Then again, you don't know it's possible either. So live in the moment, avoid getting pissed off, be cheerful about hoping for what might be better, but also be content for what you already have.
You just got punched in the gut a number of times by a bunch of anonymous internet trolls, It hurts, but then you realize it makes you stronger and better. Good luck kid.
-There can be a war and you can be drafted. (1%) -You may get fired after your first year due to things beyond your control and wind up at an insurance company. (5%) -The 10,000 people in this country who are smarter and better at investing than you can decide to start up their own hedge funds and you may not get any capital. (80%) -Some cataclysmic political, economic, or geological event could happen. (1%) -You can decide that you enjoy hang gliding or something else more than working 90 hours/week. (50%) -You can have kids and decide they're more important to you than your career. (50%) -The market can change and the folks making money now won't be the same folks making money in 15 years (80%)
Do like Marcus Aurelius. Focus on the here and now, and try to be human.
Valid point, I respect you and agree with you on some of the points, but dont disregard the amount of times of I have gotten shitstormed as well............. thats how it is , and it is good for you in fact.
I agree with you that we shouldnt be soo hyper critical but freshman internship questions vs i am 16 and want to be a hedge fund manager tell me how to do it type questions are very different......
OP, you are ambitious, smart (as you proclaim) and if the stars align for you, I hope you can advise us one day, honestly.
Also dont worry we all get shit stormed on stupid things we ask, but atleast your asking. One thing IP said is big, dont assume you are going to want to this 5 years from now. I personally have gone through what he has said, like big time. Before I was into IBD, but after learning a lot through the WSO guides and the site I figured out that I personally like working/building companies but I dont want to make investment decsions based on numbers.
So i am working on a tech startup and I can hopefully make that successful. I agree with IP and want to apologize to you OP. GL
Didn't you say you were dropping out of college?
OP, is your hedge fund currently hiring? To sweeten the deal, I'll even buy you and your friends beer and cigs at the end of each week
Chill OP. Just go with the flow, if you keep going like this, you'll end up like Bateman.
This is the type of kid who will be successful. Keep it up!
He may be successful, he may not. His odds of becoming a hedge fund manager are probably about the same as most other 16 year olds; probably 1 in 100,000.
But let's not have sour grapes for a 16 year old highschooler.
http://www.youtube.com/embed/rW-67dLgazg
"No, you are to transparent to be an intelligent person."
That's the best line ever, I think I used it on every ex girlfriend I've ever had
Eat da poo poo
Don't eat to many beans tho
p.s chris
Real mature dude!!!!!!!!!!!!!!!!!!!
So you would be slaving studying for an MBA but working 100 hours per week is fine and dandy?
I asked one of my classmates one time who thought he knew everything in business, I asked him, when he was doing a deal, how low would you want to keep your floatation costs?
He told me as low as possible.
Long story short, don't think you know everything and take things one day at a time.
Your ambition is great though. Keep it up you're gonna need it
Op, drugs my man. They go great with movies like "Weird Science" and "Troll 2".
I can't even remember what the honeys were diggin' at that age, but remember the 2 year rule. You should be targeting 14 year olds.
I just don't know what to tell you man, geez. Remember to leave the backdoor unlocked? Pizza's better stoner food than McDonald's? I'm struggling to come up with something...
Ok, the only mistake you can make at 16 is knocking someone up... there
The 2 year rule is sooo alive and well.
But in all honesty, to the OP: it's not THAT hard to become a hedge fund manager, depending on your definition of an HF manager. I'm sure you're dreaming of becoming the next Ray Dalio or whatever though, so chances are that won't happen to you. That doesn't mean it won't, and it doesn't mean you won't get your chance. There's tons of people in the HF industry and I'd venture to guess that anyone at a successful firm with good contacts, a strong track record, and 6-8+ years of experience could scrape together some capital from a bunch of institutions/other investors and get themselves a "hedge fund" sized AUM. That could be high 8 or low 9 figures, but it still counts. One day I hope to be the one at the top of the food chain making all the calls, and I'd imagine a ton of other people here do too, but I have a long way to go... and I'm 10 years older than you with plenty of time in the industry, so use that to think about how long of a way you have to go too. Have fun while you're young and think about that bullshit when you're my age.
What does all of this crap have to do with a 16 year old HF manager?
I can't believe this shit made the front page!!! Haha
If you start a small hedge fund: Yes, if you perform well with high Sharpe ratios, it will be 'easier' to raise capital. Someone else commented if you had a good track record and contacts with 6-8 years of experience, you could get high 8 figures to low 9 figures to start from institutional investors. Unfortunately, that isn't true anymore. Post-Madoff, start-up hedge funds are much more difficult to launch. If you can get a seed investment these days, it will usually be in the $75 million range and they will want to take about 25% of all top line revenues in perpetuity, from your fund.
Mmmm yes.....Excellent
Mr Burns smile
First know what goals are, is it for money, knowledge...etc.
OP, I believe in you.
Don't listen to these haters, they're all african americans.
Welcome in the club,
I know it's "Shoot for the moon. Even if you miss you will land among the stars"
but still, "shoot for the stars, land on the moon" will do right?
good luck
we clearly don't have to worry about your big plans being ruined by knocking up a girl...dont miss the bus
One thing to add is life never goes "As planned". So THE WORST thing you can do is have a specific year year by year plan as to what you want to do at the age of 16. It will only lead to disappointment and stress once you graduate and life after college is stressful enough (going to have to trust me on that, as you are only 16). All you should be worried about right now is getting into a good school (don't let people on here brainwash you, it doesn't have to be an ivy league, if it is, great, if it is not, no big deal, plenty of good schools out there, for my money, avoid student debt at all costs if possible), majoring in finance is definitely something I'd look into if you are already this interested. I wouldn't plan much ahead of that right now though, enjoy your first year, lots of things get glorified, and graduating and trying to get a full time job, and then starting that full time job is one of them. You are about to embark on the most unrealistic four years of your life, enjoy it to the absolute fullest, otherwise even if you become a big shot hedge fund one day, you will look back and regret not enjoying what is easily, without question, the most fun four years (potentially) you will EVER have.
All that said, if you goal is to become a PM I would NOT do sales & trading. I would do either IB or equity research. In my experience those two paths end up with the most offers to become analysts at hedge funds, which is the most natural step towards becoming a PM (just some food for thought!)
Good luck dude.
More importantly, markets change.
What works today in terms of trading strategies may not work the same in three months; what works today in terms of investing strategies may not work the same in three years.
Malthusianism and mean reversion worked great as investment strategies from 2000 to 2007. Not anymore.
troll
Yea thinking the same thing...there have been 2 posts I actually thought insightful
"One must land a girl before he can land an offer."
I lol'ed but in all actuality, this is probably true. Enjoy your life while you still can bro, but if investing is what makes you happy, more power to you.
PS - try to stay out of student loan debt if possible. It's the silent killer
Argh I'd written this whole thing and then realized I wasn't signed in - WSO please fix so I don't lose my work again!!!
I'll re-write:
At the risk of de-railing your career before it gets off the ground: tube8 redtube hardsextube
When I was your age we had to wait 48 hours for something to download and then there was no promise it would be any good, so we had a sort of natural limit on what we'd see and hear - so proceed with caution.
Girls Ask out the nicest and hottest girl in your class, or better one or two yrs beneath you. Lose that v-card quick, it's not worth holding on to. Focus on nice before straight hot. But also slay some just hot. Read Neill Strauss "The Game" for some fun tricks to try in picking up girls - but above all respect women and they will respect you.
Schools I'd go to UMich or Cal or Stanford before NYU. Get off the east coast, the rest of America is so much prettier. Study a real degree - history, literature, engineering - UMich engineering is probably one of the most represented degrees at HBS.
Travel See all of America, then reach to Europe (London, Paris, Munich) and Asia and Africa. I'm personally saving Australia and NZ for a special treat.
Camera Buy a good camera. My Nikon D90 with an 18-200 VR lens is the best I'll ever need and will last forever. I wish I had had it when I was younger and traveling to the Great Wall, the Acropolis, the Pyramids, Rome and the Dead Sea - now that I have it it's been to Tenerife, the Berlin Wall, Auschwitz, Prague, London, and soon many many more.
Write Keep a journal - it doesn't have to be elaborate but write down one good thing you learned each day.
Read War and Peace will teach you what it means to live a good and full life. Atlas Shrugged will teach you about the struggle of being ambitious - but I think the Fountainhead better captures what it means to be passionate and do something you love, no matter the consequences. Be Roark, not Keating. Learn your American history and some European as well, otherwise foreign girls will find you ignorant and typical American. Read everything you can find on JFK, FDR, Robert Mcnamara, and Churchill. Know about Israel and Palestine and why the Temple Mount and Wailing Wall in Jerusalem has always been and will always be the most important place in the world. Even better, see it for yourself and feel it.
Dress Spend 70% on the clothes and 30% getting them fitted right. Clothes need not be expensive to look good. Get a good leather jacket (mine is Hugo Boss) that will last for decades and get better with age. Buy a pair of black Church's, skip the Ferragamos. Two suits, one black and one blue, vented, one or two buttons. My favorite watch is my 1950s Omega self-winding which I got for about 600 usd.
Music Listen to all of Bob Dylan, Led Zeppelin, the Rolling Stones, John Coltrane. Listen to all of Mahler's symphonies starting from number one and ending with ten which he composed in his dying days to express all he had learned in Life, then listen to Beethoven and Shostakovich. Pick up an instrument - I play the cello and the guitar, and that goes over well with people.
EQ Build your emotional quotient - this skill is rare and sets the great bankers apart from the good ones. Always try to understand why someone thinks what they are thinking and where they come from. Listen 10 times more than you talk, so when you talk, people respect you and listen back.
TV 99% of TV is shit. I don't have cable and probably won't get it for some time, and then only to watch golf which I currently do at London pubs. Watch all of The Wire, The Sopranos, and get back to me when you're done through those.
Last and most important...boobies...boobies, boobies, boobies...()() ()() ()()
PS - PM me if you want to chat, and don't listen to what any of these pricks tell you - the only opinions that matter are those of the people you love and respect. You've got a bright future if you want it but it's about a lot more than getting into a good school and banking (despite what many say, there is no formula to greatness).
Live a rich life and don't give a fuck about money. It'll work. Learn who you are, and then trust it.
frgna
if you get anything from this thread kid, THIS
if you worry about it you will never have it
Oh I forgot a few points on school (undergrad) -
Go to a school with a real sports team and a fraternity culture. Research your fraternities and probably join one - you'll have connections for life. Sigma Chi and Sig Ep had good reputations at my school.
Learn to drink, and be smart about it. Stay fit by drinking vodka sodas - when you want a lighter night/less hangover, switch waters in every other drink and your friends won't even notice. Be a fun drunk, not a sloppy drunk, and never be a burden on your friends. Don't smoke cigarettes, I was able to quit after college but most do not. I enjoy cigars now.
When listening to music, get a good record player - Project Audio Debut III and a pair of good Boston Acoustics speakers and an old Marantz amp is my setup, that and a rack full of good vinyl. I didn't get an iPod until I moved to London.
/rusty honda.
To be fair, there's a pretty big difference between burning through a pack or two a day and smoking a nice cigar once a week.
Picking up occasional, social cigar smoking made quitting cigarettes much easier for me, since it gave me a replacement grown-up vice of sorts.
Not so much a money thing as the fact that one doesn't inhale cigar smoke. Healthwise I get nicotine once a week versus 10 times plus a day. Also much more socially acceptable too (clothes/apt don't always wreak of smoke) - cigars are typically a night thing and my clothes are in the wash asap. And of course in Europe, the cigars are Cuban...ahhh...none of that dominican crap...
If anyone wants to hit up 10 Manchester in London hit me up sometime, my finals are done soon Thursday.
Happy frgna Friday all!
Im 18 and have a similar mindset as this kid.. not quite as detailed and nutty about what im gonna be doing in x amount of years, but still similar. Don't think theres anything wrong with setting goals for yourself, but when you air them out for everyone to see in an environment like this, people are gonna shit on you.. Kinda sounds like you just came on here hoping everyone would pump your tires for reading the WSJ and being able to make the odd trade on a demo account at 16..
you're a disgrace to long island, and thats pretty hard to do.
This.
^i lol'ed
despite what some people in this forum are telling you, i think it's cool that you have start investing, trying to learn as much as you can about finance, reading these forums, worrying about your future, etc, etc…
nonetheless, I do agree that you r getting waaaay to ahead of yourself… one step at a time… right now, focus on enjoying high school and on getting into wharton…
then you can start thinking on the next step… no rush…
Opy baby, spend a few weekends in the city this summer (without your parents). Feel out the 'hoods, feel out the peeps. See what kind of vibes come your way.
Start in Brooklyn, head over to the street, to east village, madison, harlem etc. Eat the food, meet the bitches, feel the vibes. This will help you get a feel for the REAL you. I'm sure you're in a period of self-discovery right now - learning about your body and how to make it feel good - you need to dig a bit deeper brosif. At your age I was running across Africa, barefoot.
Don't take this life game too seriously - NO RULESSSS!!!!
Call me. I'm in the drop with the AC off.
ugh...gonna be a rough college run.
In total disagreement with around 90% of what frgna said.
Around here I'd say 10% is actually a pretty good start!II
BlackHat in 100% honesty I've loved reading your posts, very helpful in prepping for interviews. Would love to hear more on your take on life in general. My view is just that - my view - and in no way is it 'right.' Just what I've seen so far and mainly to demonstrate to the young child a few avenues of education he might pursue.
On that note I do think we've been trolled...
Dude I'm 19 now and I've been like that since 15. Difference between you and me is I find time to read all of that while go crazy about the ladies , FWB and run my own business and trade real monies in the stock market go through real thrills not your little fake money where the experience is no where close to trading 6 figures of your own real hard earned money. Your a small fish bro.
You're also incredibly pompous. Pretty arrogant for someone who hasn't experienced the real world yet. Can't wait till you realize that you don't know anything and that you are either going to be turning text comments for 2 years or fetching sandwiches for the desk. What the fuck do you know about the industry? You have read about it, that's it. You talking shit to this 16 year old acting like you know everything when you haven't done it yourself is like Stevie Wonder trying to tell Helen Keller that she doesn't know anything about watching the sunrise.
Bitch please, I've done an internship in Corporate Finance investment banking . I know how it is. Real world ? I do business man I've gone through so much shit worked with a number of idiots before and I've lost everything before and gained a ton more before so don't judge me if you don't know me. Although if I were to enter investment banking instead of going full time business I will respect everyone with more experience than me without a doubt I have much more to learn. Learning never stops for me I always make it a point to mix with people with more experience.
Wow, how cool! Damn you must of been so cool in high school! And geez you must have over 1000 friends on facebook too! How can I be like you??????
You must be like one of those market makers, you must know the "London Whale" personally! Do you have a summer analyst job lined up at Goldman Sachs too? Let everyone know what a big fish you are!
Your cool too ! Posting with sarcasm on a forum whoa what a troll congratulations. Feeling proud now bro ? LOL .Cool in high school ? I'm not in high school any more mate and I mix more with people double my age to triple as well not just my high school peers I never said I was 'cool' . I said 6 figures if you think 6 figures can move markets please reconsider your industry. Big fish ? bitch please i'm tiny.
while doing the IB
Hhahahah Damn man.. You are the shit! You hang out with people twice and three times your age???? Can you say what up to lloyd blankfein for me? Do you only kick it with David Einhorn on the weekends though? Just wondering.
Lol interesting you brag about your "6 figure trading" but now you try to play it off like it's nothing. You're a joke.
What i'm trying to say his I hang out with people of all ages not just high school kids i'm already out of high school. 6 figures is nothing but more than this fellows virtual trading that's what I was saying 6 figures don't move shit and is nothing compared to how much you control when working with a hedge fund . I am a joke ? Well have fun laughing Ha Ha Ha . No time to reply any more.
Heister?
Your in high school...
Troll post of the year 2012 nominee
hug it out guys, hug it out.
Teens are gonna be teens.
Lemme know when a girl says "crank me baby" to you, and then we can talk about dominating life as a young professional.
To all the high schoolers in this thread: "your" shows possessive..."you're" is a contraction
Please PM me for any other SAT tips.
An additional note.
Reading is a big part - not just the tomes frgna recommended, but broad selections of books in general. If you ever had the chance to survey biography of every single president of the United States (or, at least the prominent 10 - 15 of them), you'd realize brilliance is built upon promiscuity. By promiscuity I chiefly mean the promiscuous reading of all sorts of materials.
Being a hedge fund manager requires more humanities and social sciences foundation than being "just a banker". George Soros attributes his success to his application of "reflexivity", which is a concept developed after philosopher (and his mentor) Karl Popper's idea. Great financiers tend to be lettered gentlemen, rather than comp sci geeks. A practical degree such as Wharton tends to jeopardize one's chance of living a richer life, and utilizing greater knowledge that is available for mankind. A MBA degree is equally unintellectual - and to be successful, one must strive to balance the execution side of things and intellectual side of things.
Before it is too late, start spending every minute awake on books. History (of different nations), economics, philosophy, philology, culture, gastronomy - whatever it might be - reading widely unlocks opportunities. Buy a Kindle, save on new books, carry it everywhere. Cut the number of (unnecessary) friends you have, spend more time alone with books - EAT ALONE some time, with your book. Network and build relationships only with the most important people who bring tangible benefits.
Remember: no one is more interesting than books, because every interesting person is interesting because of the books he/she read - not because he/she is inherently interesting. Knowledge is power, information is power, but do not get caught doing insider trades.
LOLOLOLOL Troll party, everyone's invited
I feel like part of this is helpful and part of it is a really good troll?
The last two paragraphs were a spectacular trolling display. Heintzst, you're good.
Develop your social skills until until your sophomore year of college, and don't do any finance shit until then. Drink a lot, join a fraternity, and learn to be a developed man before you learn any finance.
Wise words
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