Outside Finance, Which Profession Makes The Best Investors? (Psych, Intel, Doctors, Lawyers, etc...)
This is a dumbass question, but i was curious which profession group outside finance makes the highest cumulative long term return on their personal/retail portfolio. Include anyone outside finance/quants/consulting, even beyond docs/lawyers if you want.
Obviously theres no hard data on this but I'm most curious about the influence of their training/profession on risk tolerance/conviction.
Yes generalizations like this are a lazy/pointless way to think.
So just a fun and dumb discussion. If you're looking start a debate in the comments please go suck your own dick elsewhere
Low hanging fruit here is, politicians with insider info, lawyers would have the edge in distressed/special sits, and doctors would have it in obviously anything healthcare/pharma. Engineers for industrials and so on...So more curious about any nonobvious intuition relating to broader, industry agnostic investing.
I wonder if psychiatrists/intelligence guys have an edge
Kindly,
your friendly neighborhood dumbass
Man fuck this shit humans were evolved to have loads of sex, frolic, and eat berries. If I don't land an offer I will cope by becoming the 21st century Diogenes
based diogenes disciple
If I was not a top bucket UBS TMT AN 1 I’d wish I was Diogenes
Quant job listings often ask whether you have been top-ranked in an esport (video game) or poker (more commonly known)
Valid signal, thank you
Bump
Doctors are maybe the worst wealth management clients / investors because:
1: They think they are a lot smarter than everyone else and that their success in medicine should translate neatly to financial markets / any other field that they care to grace with their intellect
2: They don't really work for companies / participate in capitalism so they have little to no commercial sense
3: Their personal finances are usually dire so they can't be patient through drawdowns
I knew a couple advisors who refused to take on male doctors as clients because they don't listen, they complain endlessly, and they usually don't have much money to invest anyway.
Damn thats surprising. I thought they would have the most capital to invest after paying off debt, and given job stability would have the highest patience. Thats counterintuitive and thank you for sharing
Inflation of the last 2 decades has wiped out the minimum reward to make the excruciating curriculum size (& responsibility) worthwhile (outside certain niche countries like Australia, and potentially one or three non–English-speaking European countries). I wonder why anyone studies medicine anymore (it's usually because you can't possibly fathom the academic workload before you get in, so no one is in a position to make a sound stress–reward evaluation before getting admission)
Real estate
Nigga ain’t that technically investing
My nigga. It’s real estate. You have proven my point that real estate people make good investors because you already see it as investing.
🤝🏿
Commodities
Stocks
Yall funny asab
Given how many of the top PE shops have lawyers as cofounders...
being jewish
Always goated
Ipsam qui est pariatur natus odit sint incidunt. Fugiat autem quaerat voluptatum ut quia sunt.
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