The three types of financiers
In my experience, there are three types of finance people:
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FU money, then get out. These types tend to be the most frugal and spend all of their time counting the days until they can leave. They tend to retire on low seven digits (or high sixes if they're really ballsy) and go live on a homestead in rural Oregon or go hosteling around the world in developing countries. The lucky few who make more will obviously retire to a nicer lifestyle, but they all share a deep desire to never get involved in the industry again if they don't have to.
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The careerist. These types tend to be at mutual funds or IBs--they'll look for a reliable salary and job security over seven-figure bonuses and work their way up the ladder until they retire in their late 50s or 60s. These people tend to prefer stability and reliability over everything. The sell side is full of this; the buy side is not.
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The psychopath. These are the guys who make seven figures in a couple of years, but it's not enough. They just keep going because they want to be masters of the universe. Their goal isn't to get rich, it's to become a multi-billionaire and revered by the industry because their fathers didn't really love them or they want to be worshipped by gods.
I've had a few friends and clients of type #1, and they are either traveling the world or on a farm in Tuscany enjoying life and paying zero attention to the industry (except maybe managing their investments a couple hours a month). I prefer working with #2, because they tend to be the smartest, least emotional, and most professional. Fortunately I have had very limited contact with #3, especially after the horror stories I've heard, both publicly and privately, about a certain retired executive who used to work at a company that rhymes with Plinko.
Thoughts?
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