I found this interesting clip comparing the days of the original Wall Street movie to today's world of Wall Street 2. It basically explains what I've always called the Balls-Brains Continuum on Wall Street, and how the Street has shifted from a locker room to a chess club. Damn, I feel old.
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Is your avatar Dan Aykroyd from 'Trading Places'?
That's Louis Winthorpe III to you, sir.
You know what else has shifted? Newscasting.
It used to be that you only needed a intricate love for scotch and teleprompter-dyslexia to give the news.
Now you only need two men in the midst of a midlife crisis and a Skype account...
Shit depresses me. I'm definitely more the Bud Fox type (aka not some rocket scientist moving monopoly money around), so it's sad to see. It's so competitive to get even the lowliest of analyst jobs nowadays.
3+ years after starting in the industry at a MM bank, I'm not sure I would've even gotten an interview today. It's that insane out there.
Jesus. I probably wouldn't get hired as a janitor at a firm these days.
The only thing that hasn't changed - luck. Luck's still the most important thing to land on of these jobs.
I feel empowered.
This theme was discussed a while ago. I think there is a huge point to it. If you look back 30 years ago you see a simplified WS. Those guys who started back then are now MD's, ED's, Heads of companies. Now we have these jr. rocket scientists working for banks creating these Frankenstein products reveling in their genius until they go wild and blow shit up. I am not advocating a dumbing down of Wall Street, but I think math and science work well in the control environment of a lab or with things you can control. Finance is made of up people who are less than rational and less than intelligent sometimes.
Anthony i want to get into structured/quant finance we must pray it is still there when i'm done with my math/comp sci double !!!!! !!!!
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