Losing Steam - Get out or switch course?
I come from an underdog background (non-target, middle class family) and clawed every inch through my career in BB Lev Fin and MF Credit arm. Never took any of my decent success for granted. I easily transitioned to VP/Principal at the MF, making good money and living a solid lifestyle. But I felt like learning curve flattened quite a bit and increasingly massive asset gathering + indiscriminate deployment model made the investing work less interesting. I was basically on auto-pilot in my last year there. So, wanted to try on different speeds and be scrappy so joined a <$1Bwith a distressed/special sits strategy. I do feel like this move reset the learning curve a bit higher, but I still don't feel the hunger and day 1 mentality I felt when I first broke in to the industry and then climbed massive learning curves.
I am constantly interested in business and investing - I crave learning about new ideas in business whether it's through reading books and company reports, plugging into blogs/podcasts, talking business with friends, and listening to smart investors pitch. I am intellectually curious and will gladly readone minute and switch to bitcoin the next. I would do this all in my own time for joy. However, I really dread opening up the model to update valuation thoughts for my PM on some middle market industrial distributor and hopping on yet another fruitless expert call. Reading a bunch of credit agreements and indentures, the same feeling. It all just feels like life is too short for this.
By no means do I feel like I've already mastered the trade and there is no more to learn. But each day I become less motivated and feel guilty for feeling this way. Unclear to me and not sure what questions I need to ask myself to understand (1) if this is a burnout and I need a break/go do an MBA; (2) if I'm just tired of looking at junky middle market credits, when I should be in a upside-oriented asset class like equities or VC; (3) if institutional investing is not for me and I need to pivot, but I keep telling myself that this is a really nice life track that a "20 y/o me" would have been very impressed to see and I should be careful about walking away from it all. On (3), I really don't see what other corporate job comes close to the intellectual diversity and renumeration that HFs provide - most of these "strategy" or "corp dev" type jobs look even more monotonous and repetitive than mine. If (3) is the right diagnosis, I'm thinking I need to go acquire a small business and try my hands on being on my own.
Anyone in their late 20s/early 30s feeling this way? What have you considered doing to combat this type of motivation loss?
Sorry this is sort of a directionless post… but that's kind of how I feel right now.