What are some bad habits you think the banking/PE world builds in people?
I’ve seen a few months posts talking about the good habits banking and PE build for you going forward. But what are some bad habits that are built by these experiences?
I’ve seen a few months posts talking about the good habits banking and PE build for you going forward. But what are some bad habits that are built by these experiences?
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False precision on mundane things is one thing that comes to mind. For instance, instinctually modeling out a specific operating cost line item with multiple variables involved that ends up being like 4% of total opex and could easily be done by looking at historicals and projecting out with inflation to get the same answer lol.
This ^
Drug use
Viewing people and the “real economy” as just lines on an Excel sheet
There are many habits that this industry creates that I think aren't great. Some of these are more mindsets, but I think it applies.
They're taking the hobbits to Isengard
haha I fixed the typo, but well played on this
Responsiveness and having to respond asap. I prefer to actually go through what has been sent first and ask insightful questions before confirming receipt like an idiot
Good advice
The inefficiency of workflows and receiving comments on turns
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