Moving from LO to L/S and terrified
Hey all,
I am going from a mid tier long only firm to a top level L/S shop. To be honest, I’m terrified? Any color or advice transition to L/S would be appreciated. I definitely trust my talent, but I am worried about managing the work and stress. I had similar thoughts when joining my first job at a BB in ER and persevered fine. By joining a L/S is your life effectively over? What happens next if it is too much? Where do people who flunk out of L/S go?
“By joining a L/S is your life effectively over” there’s tons of PMs and analysts who love markets and think about ideas/follow markets 24/7 on weekends, on their own free time, etc and love this stuff. If you don’t you’ll prob get eaten alive I can’t lie. My advice is to take this head on and build up some confidence. These types of posts and talking to typical 2+2 people who realize they can join a hedge fund after their PE stint and rlly don’t love markets goes to show there are too many people in this industry.
What do you mean take this head on and build some confidence? By nature of getting an offer I’m fully aware of my ability. I never question that. LO is just different. Part of it is just not having the skin in the game at my current gig. Do you work at a a L/S? How’d you get there?
del
it's a marathon not a sprint. Turning off is necessary. Plenty of great analysts who don't geek out about the mrkets and plenty of shit analysts who "love the game". Pretty much everyone has days where they're just going through the motions.
Agree with this. Also all these firms are different so get a feel for culture
Cringe
Don’t worry too much. Just jump in and learn. Coming from someone who started in l/s recently. It’s stressful but it gets better with time as with everything else
Having impostor syndrome is actually a good thing in this job. A lot of people that fail in L/S are overconfident, arrogant jerks that doubled down on bad trades.
I'd argue that having a healthy amount of self-doubt actually makes one a better investor.
Only the paranoid survive.
It’s a fine balance. Too much self doubt and you ended up not being able to size up or pull the trigger when the opportunity is the hottest.
I don't disagree.
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