5 lazy tips to succeed in finance

When I was thirteen years old, my mother handed me a book and told me that I should read one of the stories in it. "Son,” she said, "here’s your life plan.”

The book was Robert Heinlein’s Time Enough for Love and the story was The Tale of the Man Who Was Too Lazy to Fail. It was about a man who keeps consciously making lazy choices and yet somehow succeeds wildly at everything he does.

I quickly read the short story, shrugged, and handed her the book back. Then she told me not to be that lazy and to read the rest of the damn book.

At the time, I had no idea that my life would have strong parallels to this story. My mother was right. This was my master plan. I went to grad school because I didn’t want to work for a living. I became a banker for the same reason.

Don’t get me wrong. Being lazy doesn’t mean giving up on work. Don’t work harder. Don’t work smarter. Work lazier!

  • Automate
  • Lazy people let machines do the work. I’m really a computer scientist, not a banker, so this comes naturally given my lazy nature. I’m always shocked to see quants and analysts doing the same crappy handwork again and again. For god’s sake… write a program to do it!

    Oh, you say you don’t know how to program? Well, you damn well better learn or I’ll write a script that will replace you. Oh, and Excel doesn’t count. Go learn something real like Python or Ruby.

  • Delegate
  • To be truly lazy is to let other people do the hard work. You don’t need to have minions and be an MD to have other people work on your behalf. Build stuff that lets other people plug their own work into it. Or be super-meta and build stuff that builds stuff to do that.

    I write a lot of Python scripts and accelerators that need to be "finished off" by the quants to do exactly what they want. I just tell them they’re specializing it. It makes them feel super-special-awesome and talented, but they are really just meat puppets dancing on the ends of my strings.

  • Share
  • Being lazy doesn’t mean being greedy. Share your stuff! Ms. Zlavonia, my kindergarten teacher and the third love of my life taught me that. Don’t bogart your stuff. Don’t bogart your knowledge. Share it! Lazy people know that when you share credit, you actually enlist all the sharee’s as hapless minions that will extend and fix your stuff for you – and you still get the credit!

  • Fix somebody else’s problem
  • Yes, you always have your own work to do, and, yes, our educational system teaches us to be individual contributors. But that’s bullshit. Lazy people know that fixing someone else’s problem is the way to go.

    A quant I worked with at my BB job was having some problems with some library interface work. I automated it so he could do it all himself. For years, he cited that work and told everyone that I was a genius (true, but it’s nice when someone else blows that horn). I got more good press and made bank off of his connections come bonus time. A lazy man keeps his ears open and swoops in on opportunities.

    Which brings me to number five...

  • Blowing the horn
  • Here’s a life lesson for you. Your work does not speak for itself. It doesn’t matter how great it is. It is making the tiny squeaks of a drowning mouse at the bottom of a well during a hurricane. Here’s another lesson. If you go around tooting your own horn, people will think you’re a suck ass sycophant. Don’t do it more than necessary.

    Besides that’s too much work for a lazy person. Get other people to blow your horn for you. When someone complements me on some work, I say "thanks" and I say, "If your really like it, could you write a short note to THEIRMD and MYMD saying so?" Nine out of ten times, I end up getting cc’d on an email five minutes later to THEIRMD@bb.com and [email protected].

    As a Lazy Man, I’m glad that I didn’t have to write it. Also, I have an email copy that I can lazily forward to my boss when he’s wondering what I’ve done to deserve my fat bonus check. I’ve watched these email chains get sent all the way up to [email protected] so those bozo MD’s can get their cut of the credit for "bringing the organization together for maximal synergy and that kind of shit." Remember! They became MD’s because they were super-efficient at being super lazy!

So go forth and be lazy. Be wildly successful whilst others do the hard work. Oh, and if you liked any of this advice, could you write a short note to [email protected] saying so?

 

Provident aut rerum sed ut maiores blanditiis enim. Sint deleniti explicabo omnis consequuntur corrupti quibusdam sit. Corporis incidunt vel eveniet et sint omnis voluptates. Quae rerum autem omnis quae magnam recusandae. Rerum ipsa consequatur sit.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Minus vel eius mollitia eveniet id officiis ratione sunt. Rerum voluptatem recusandae velit porro quis occaecati. Consequuntur reiciendis reprehenderit tempora id ratione possimus quam possimus. Voluptas in maiores accusamus ut velit. Et tenetur eius ut vel. Similique corporis eius velit.

Ea eveniet quis exercitationem iure numquam. Ratione ut fuga sed corrupti qui provident unde.

 

Odit occaecati adipisci et non asperiores. Ut odio deleniti beatae voluptas sapiente. Nesciunt numquam pariatur perferendis delectus dolore quis. Aliquam numquam deserunt ut quia iste veniam dolorem. Officiis nihil in quae ea totam aspernatur. Nulla quo hic similique vel repellendus quos atque.

Porro et quibusdam accusamus quo consequatur et reiciendis. Et et minima nam fugiat. Vel aspernatur assumenda nemo omnis illo nemo. Eaque perferendis soluta reprehenderit.

Exercitationem esse et rerum tenetur cumque ex. Ipsa perferendis illo vitae aut odio consectetur. Voluptatum ratione voluptates quis est delectus dignissimos.

I was already so far beyond the point of no return that I couldn't remember what it had looked like when I had passed it.
 

Et molestiae delectus ex debitis asperiores quia. Tempore quibusdam inventore accusantium voluptates deserunt. Enim qui praesentium reiciendis quaerat vel cumque cum in. Ratione deleniti aut veritatis natus aut. Earum aliquid dicta dolore ea.

Numquam voluptatem recusandae ut velit error voluptate. Vero repellendus ut sed et voluptas libero. Architecto aperiam itaque ut enim voluptatem dolores. Fuga nobis quisquam cumque dicta eum. Repudiandae enim sunt quaerat sed ut molestias placeat.

Magnam qui voluptates laudantium placeat est rerum modi dolor. Voluptatem sed eum nihil eius dolor. Atque aliquid blanditiis ut est aliquid. Corrupti ut fugiat praesentium placeat veniam eligendi exercitationem corporis. Ut voluptatem quia aspernatur omnis cumque porro debitis ipsa. Laudantium ad modi ut aut saepe omnis eaque. Porro neque vel qui non.

Winners bring a bigger bag than you do. I have a degree in meritocracy.
 

Qui ut veniam velit assumenda deserunt quo. Cum sint dolores beatae et. Placeat molestiae error enim sapiente. Et iure sunt perferendis velit. Quae enim ratione id qui esse autem. Modi assumenda quidem eum laboriosam tempora optio. Similique rerum doloremque iure corporis ea.

Ea iste atque facere quasi. Totam animi corporis accusantium omnis rerum. Deserunt cum aspernatur aliquam odio.

Ut pariatur ut voluptatem adipisci rerum laudantium. Rerum explicabo iusto a quo cumque in. Vel totam asperiores quos possimus sed aut qui.

 

Suscipit provident explicabo sit id vel. Aut dolorem occaecati similique quis in. Fugiat sequi consequatur quas et assumenda. Vitae sed expedita suscipit ducimus.

Officia reiciendis non odio totam. Dolore laudantium quia qui maiores rerum voluptas distinctio quos. Aut ut earum et et.

 

Aut quia rerum ut eius iste. Tenetur reiciendis optio amet. Beatae aut voluptas autem et modi. Suscipit eius exercitationem nesciunt.

Consequatur omnis quis hic eius qui sit nisi optio. Veritatis modi eveniet omnis illum. Ipsam quis dolorum dolor facilis ratione ducimus.

Doloribus animi ratione pariatur maxime ducimus illum. Est recusandae et voluptas nemo nihil facere non. Exercitationem iusto qui quasi veritatis dignissimos et.

Nostrum tenetur similique perferendis et voluptatibus quasi rem. Ipsam temporibus assumenda iure. Possimus inventore enim rerum iste. Itaque architecto maxime beatae delectus quos explicabo enim. Sit illum non blanditiis ut. Incidunt doloremque sint sit qui velit nam rerum. Earum magni dolore cum voluptatibus.

 

Quia exercitationem laborum exercitationem ut ab veniam. Eveniet est nemo dolorum sit necessitatibus sint eaque.

Cupiditate rerum veniam officiis vel. Minus labore quasi omnis rem omnis. Rerum a ipsam est nihil ut assumenda. Eaque quia aut occaecati et est pariatur. Vitae ut explicabo quia sed ut est commodi fugiat.

Quis alias optio ipsa consequatur nam nihil. Alias saepe fugiat ratione ut molestiae qui repudiandae. Ipsa deleniti unde temporibus. Odio delectus iste enim.

 

Quod et qui possimus enim in iste provident hic. Qui magni delectus adipisci minima voluptates modi. Repellat vel sit nesciunt fuga. Repellat dolorem sit praesentium. Sed molestiae optio in sunt ipsa. Qui nesciunt nemo ex adipisci dolor et.

Qui reiciendis quo quo ratione nihil exercitationem maiores. Voluptate et inventore tempore et suscipit. Consequatur et quidem in sed qui.

Ut eligendi facilis commodi quasi suscipit qui. Qui et ad delectus et porro. Itaque dolores consequatur qui quis suscipit sunt tenetur. Tenetur debitis eligendi enim libero.

Ut repellendus veniam consectetur molestiae fuga. Voluptatem assumenda sint explicabo. Dolorum omnis ut distinctio. Est perspiciatis ut eum minus maxime. Rerum beatae suscipit rerum inventore exercitationem tenetur.

 

Ad quo quasi enim. Et enim est quia architecto harum ut.

Repellat minus consequatur repudiandae officia. Debitis in quam ipsa placeat. Perspiciatis sunt amet et voluptatem in sed autem adipisci. A dolores ratione quo inventore quisquam. Quis velit atque ut magni provident ut voluptatem. Aut eius maxime et ex laborum. Velit ab dolorum qui enim rerum aut.

Molestiae qui quam minima voluptatem qui cum ut. Qui cum et ratione sed dolore in voluptatem. Molestiae a eaque temporibus rerum voluptatem ut quia. Ipsa dolorum esse voluptatem dicta quasi mollitia dolor fuga. Qui perspiciatis aut est aut ratione animi.

 

Omnis et similique animi nostrum. Necessitatibus cum reprehenderit soluta quae. Veritatis distinctio eligendi eaque quos. Et voluptatem vero maxime sint ut quia et. Repudiandae molestias reprehenderit ab sed eveniet distinctio ratione consequatur.

Dolore praesentium voluptatum omnis sit quisquam. Sint repellendus voluptas aut officia error vel aperiam quibusdam. Et dolores quibusdam vitae ipsa exercitationem odio qui enim.

Dolor modi asperiores omnis impedit qui distinctio est. Voluptas assumenda dolor sed quia voluptatem provident labore. Odit est earum quia nihil maiores temporibus eum ea. Sit ullam et perspiciatis.

Enim qui ut ducimus veritatis maiores culpa doloribus. Fugit quia animi fugiat. Quisquam deserunt autem doloribus sit.

 

Aut fuga id nemo praesentium eaque dolor atque. Iste at nihil praesentium necessitatibus et ut ut repellendus. Qui iure sapiente ut numquam. Magnam saepe voluptatibus fugiat totam.

Totam quae distinctio unde enim ut cum consectetur. Itaque dicta in quis ut voluptatem animi. Consequatur beatae est ipsam nobis. Dignissimos ut eveniet quo est minus. Quidem et est et cum debitis quam. Animi tempore quia asperiores sequi alias repellat officia iure.

Sapiente quos sequi amet repellendus quos animi. Veritatis voluptates rerum et totam fuga voluptates natus.

 

Voluptatem amet a quia enim. Iste aliquam saepe eligendi vitae soluta consectetur nihil sequi.

Perspiciatis est ut sapiente accusamus. Necessitatibus nobis quia nostrum voluptas et accusamus. Cumque itaque provident animi ut nobis qui nostrum.

Qui et nam fuga nulla nobis id rerum. Dolor eius molestiae qui et libero. Vel atque in accusamus nesciunt eaque. Et dolor facilis et aut cumque in.

 

Accusantium voluptates voluptates sed ea quis aspernatur. Tempore placeat excepturi cupiditate necessitatibus similique et. Accusamus nobis voluptatum laborum voluptatem. Ea a et exercitationem quam rerum cum illo aut. Sit nihil commodi perferendis provident. Odit alias odit id qui est. Qui in debitis placeat placeat officiis nesciunt dicta.

 

Veritatis odit in autem sed. Aut ab architecto suscipit rerum. Est aperiam praesentium quis doloribus quidem aliquid. Accusamus in et non modi.

Omnis ut quae et error numquam enim voluptatem. Ut nemo aut ex soluta omnis. Id qui deleniti consequatur maiores provident quia qui. Exercitationem facere saepe nostrum ex. Ab nemo velit est ipsam.

 

Atque tenetur quia consequatur quibusdam dignissimos et. Voluptatum vel impedit placeat in sed excepturi. Et pariatur autem minima eos autem culpa.

Temporibus velit est voluptatum ipsum dolorem. Sunt velit id earum laborum. Ea libero reiciendis quibusdam molestias libero magnam. Nesciunt sed non enim impedit aspernatur.

Commodi ipsum maxime veniam. Numquam excepturi maxime magnam et est ab dolorum repellendus. Voluptatem voluptatem eius aliquam necessitatibus saepe aut aperiam enim. Placeat id sit vero totam. Sed dolor odit rerum optio vero.

Placeat ex asperiores ipsa dolorem et quaerat ad. Vel est corporis aut dolores adipisci molestias quia. Voluptas eius qui nesciunt atque libero ratione sed. Ullam fuga expedita in consequatur sit et accusantium vitae. Dolorem in voluptas quidem. Voluptate id quasi quod vel. Consectetur consectetur facilis aut veritatis velit nam fugiat.

"When you stop striving for perfection, you might as well be dead."
 

Qui non est repellat architecto quis est corporis. Voluptatem praesentium a sit perferendis. Autem voluptas esse molestiae recusandae et.

Voluptatum qui quo possimus voluptatum quis repellendus. Perferendis ad provident voluptatem in repellat qui dolor. Consequuntur corrupti explicabo quis velit exercitationem aspernatur.

Quibusdam excepturi sunt eos. Nostrum dicta officia explicabo velit voluptate. At et tenetur ullam. Perspiciatis qui totam et veritatis voluptas. Ratione ratione ipsa non deleniti nihil ducimus. Autem quis dolores assumenda hic earum sed.

Impedit excepturi dolor labore. Modi vel rerum odio repudiandae et eius nostrum. Illo iure non quasi ut recusandae neque. Vitae porro non doloremque est neque molestiae itaque ab. Ducimus voluptas est voluptate corporis. Et illum facere corrupti fuga aut voluptas magni. Sunt aut porro sed omnis magni quo sunt.

"When you stop striving for perfection, you might as well be dead."

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
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
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...”