My undergrad was in finance and it seems bizarre that with all the focus academically on it, but also from other aspiring professionals, nobody seems to acknowledge the emotional intelligence to deal with the high pressure and the emotional intelligence regarding investing efficiently
Why is that??
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It’s assumed that you’re not on the spectrum
wdym?
People who are on the autism spectrum are often bad at understanding emotions
Bc the only thing that matters in this business is $$$, and it doesn’t matter if you’re a psychopath as long as ur putting up good returns
bro did you even read what I mean by emotional intelligence? smh
I did. And this was my response.
Fun fact: Emotional Intelligence is a pop-psychology term that is entirely already measured in the The Big 5.
Do you really believe people don't recognize that investing requires emotional stability? I don't really understand your question.
Not sure you know what emotional intelligence is. You talking about behavioral finance and how to deal with stress of market moves. EI has to do interpersonal skills/soft skills. HF ppl destress by working out or substances.
Yeah, OP is definitely mixing up the two. But to answer his/her question:
1) intangibles are hard to measure and quantify.
2) this site is mostly geared towards students and young professionals who are looking to break in. Jr Analysts are hired to dig, not to take and manage risk. Once you’re more experienced (i.e PM), the soft skills become more important.
yeah that’s what I mean! apologies for not knowing the proper term, it was never brought up in class (uni in Boston) and we don’t have a proper term in Brazilian Portuguese…but yeah, working out makes sense. I will integrate that into my routine…I also play guitar to relax
I’m not sure if you assumption is correct and/or what you mean by nobody. Maybe I come from a different world altogether but I think Buffett has spoken about this a lot and plenty of people in the industry talk about / demonstrate through actions the importance of emotional intelligence and staying calm, cool and collected. I could be wrong though
on the flip-side I have met people sitting in buyside roles who seem to be focused on taking risk and wanting to take risk. Risk takers may not be the most emotionally intelligent and/or seek out those who specifically are trying to improve their emotional intelligence. Just an idea though
I meant that every time I heard about behavioral finance was from actual people in the industry but nobody in finance classes talk about it. The problem is that there were a lot of kids in my classes trading on RH and whenever they had any loss their first instinct was the “double or nothing” to recoup losses. I feel like there should be more talk about behavioral finance in actual finance classes at a university level
100% agree it should be focused on more, but I think that universities cater to the lowest common denominator so most schools are training you to become a financial analyst at some random company, not an actual investor. One of the most important (and interesting!) topics in finance, there’s a reason Buffett constantly cites the chapter in The Intelligent Investor that covers this stuff as one of the most important ones. Ultimately it’s just one more way that college fails to prepare you for the working world, but I agree it’s a particularly egregious one considering how important it is
bcuz IB focuses on output -> they want u to be slave.
if you had any EQ -> you wouldnt do IB
hence why Females > EQ pursue other careers than IB
Also why IB guys are single, and why the pool boy with $10/hour job gets more girls than him
who hurt you? was it chad at goldman?
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