Hi Monkeys - Was curious for any insights on if any of you guys snort coke during your professional career after school. Currently in undergrad and am geeked quite often atm.
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If you're supposed to be working/doing something professional-adjacent and you're seen/heard geeked out, you will be thought less of and word will spread. Nobody cares what you do in your spare time outside of work but if it ever effects your professional output you will be judged, and it will not be favorable. Especially as people get older and have kids, this is seen as increasingly off-putting and risky behavior. If you're at a Bachelor party in Mexico or on a weekend vacay in Vegas with the boys and decide to dust off a few before heading to Spearmint Rhino, knowing you're not on call for a deal that's one thing. But if that's a regular activity for you it shows gross immaturity and that you're unreliable.
My team had to drop a successful founder who wants to invest $100m+ into a platform we're building because we could hear him doing lines and sniffling in the background on a call late on the weekend, and he randomly becomes impossible to reach late on nights which we naturally associate with this recreational activity. There's no reason for anyone serious to work around that type of behavior because so few people are truly irreplaceable and there's no reason to accommodate the potential downsides associated with that, especially when you're livelihood is tied to the output. You're in college, I get it and don't judge harshly given that context, but it's time to grow up.
Just a shitpost referring to the guy asking about weed in ib
lol fair enough, still seems like generally good advice I'm sure a few kids need to hear
is it actually a ding for a founder to be impossible to reach late at night? What if they're an early bird rather than a 10am to midnight grinder
If they're supposed to be coming on as part of the team and the rest of us are up/working late (this is all mutually understood and we know he's up/reading messages, just not responding) + we're talking about a 9-figure quantum then yes, it's absolutely a glaring red flag with a bullhorn sounding... Given the recreational activity context on top of that, anyone who says that isn't making them uneasy is either a liar or stupid.
I can't imagine having $100m+ to invest in some platform (that may not even work out) and taking business calls on the weekend from someone who wants my money. I could understand disrupting my weekend for someone who pays me - but even then, if I have this kind of money, they'd need to pay me a lot for me to talk business to them on the weekend. Same with late nights during the week. There is no point in having so much money if you can't enjoy your life and have to be constantly available for business calls.
It's out of a syndicate so not just all the 1 guy's money, but that shouldn't really matter. When deals have a target deadline and there's a time crunch everyone is working on to get across the line, why would it be unusual to talk to what's supposed to be your own team over the weekend? This isn't some bs VP telling his ASO "hey we need to change xyz in the deck and fix the formatting in the apendix" it's "hey XYZ fund said they're interested in xyz quantum and want to talk Monday morning their time, so lets go over the pitch/think about what Qs they're going to have in 24hrs". If you want to be retired and not involved in actually operating a business, just an LP putting money to work, that's 1 thing. But if you're actually going to be in the shit and committing significant sums of money to join an operating team and build something would it make sense for there to be an expectation of not having to hop on calls for an hour on a weekend? Most people I've met in that position with that kind of money behind them don't think like "oh man I should never have to work on the weekend", and that's more or less how they managed to get to that position in the first place.
Not the 80s/90s anymore. Doing coke isn't nearly as common. Substances as a whole are less common. I'm pretty sure a solid chunk of the people working in my fund are sober or don't drink, or maybe drink very lightly. Weed is somewhat more used. Also, drug tests are pretty common nowadays.
What about adderall usage at your fund?
Not too common outside of prescription. Adderall produces fast work, but shit work. A lot of people do Adderall in banking and PE from what I can tell, but once you get into HF/Trading you need to produce top tier work or you'll lose a ton of money. A DCF model is only so hard to do, and Adderall probably won't mess up your work, but being stimmed up in a risk taking position is a bad move IME.
It’s extremely common. Nowadays however it’s called “Adderall” and your drug dealer is the local white collar psychiatrist.
People genuinely don’t understand Adderall’s stimulant effect is 10 times stronger than coke. It’s helps you focus better, keeps you wide awake longer, and lasts way longer than coke.
The industry never changed, its drug usage simply became normalized through the institution of psychiatric medicine.
U can’t tell me 20mg IR Adderall doesn’t hit way harder than a gram of bag.
Addy shortage doing me dirt, can’t get it anywhere. My cocaine is medicinal
I realize this is a shit post but it not funny. Find other things less toxic to make yourself feel good. It does not matter what other people do.
Israel shillposter. Opinion disregarded, fed
There's been a clear shift away from alcohol and drugs, towards health and longevity, across all of finance imo. It will not do you any favors, and tests are common. Would strongly suggest you cut it completely, or cut back significantly. As someone said, you may get away with a night in Mexico, but you can't be doing this on the regular.
There are tons of people doing adderall and Zyns all day. Plenty of coke/K usage too (though only at night, when out at a club etc.). Mostly only among the kids who party/ go out, as a result. If you’re not seeing coke, it’s probably because you either work at a small firm, you don’t go out with coworkers (and I mean out out, not some BS happy hour), you’re senior and/or don’t have lots of young people on your team, or you don’t hang out with very many hyper social/popular coworkers, or your coworkers don’t like/trust you. I should caveat that drug use is more typical in the northeast, so bets are off if you’re working in Atlanta.
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