What is your life mission?
That’s right, what’s your mission in life besides earning enough/being rich/whatever? I was watching a Goalcast video about Easy Eddy and the price he paid for his legacy and it made me think about what I want in life and why I want it. I have no answer besides wanting to have enough money.
My major? Accounting and finance. My end goal? Hedge funds. My question? How does managing a portfolio on behalf of a few wealthy clients add value... to anything... other than to the already rich clients? How does it add value to the life of the common man? And what legacy do I leave by working my ass off to make the super rich ultra rich? How does my work in say high finance impact the lives of the common people?
Maybe I want all that because I’ve learned it from watching another person. By getting inspired by their lavish lifestyle. But we’re social beings and we do learn from others, including wanting to leave a legacy. But some things are about GIVING and I’ve found that that’s where most of the inner peace from. I come from a below average background and being able to give back to my parents gives me enormous amounts of happiness and joy.
But how does one create that joy in the work they do (especially when it’s too late to change one’s career)? I remember Wayne Dyer’s quote from “Power of Intention” that when your only life purpose is service, you’re the happiest person on earth (I don’t remember the exact words but something along that line).
In short, how does high finance, especially hedge funds, add value?
This is something I have thought about a lot. I think your mission can be something that evolves or changes completely over time. Right now my mission is financial security. Once I am comfortable in that aspect of my life, I think my mission might pivot to something more geared toward something that really benefits society. I don't think I'll ever want to stop making money, but I think once I am comfortable, it won't be my primary mission and I can reallocate some of my energy to something else.
That's what I'm thinking too. One of my parents has a medical condition that's pretty devastating, so one day I'd like to do something meaningful for it, like helping out with a nonprofit or something along those lines.
I also would like something to do that sort of ties market approaches with some social good, mainly in the infrastructure space (green bonds, renewable energy, improved transportation, etc.), but that's a bit ways off for now.
make it at least 5 more years without shitting my pants
after that, we'll see
Deep post OP. To answer your question: high finance, especially hedge funds, add value by helping me get lit
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LSD with rocky >>>>>>
I consider high finance as a field where you serve others who are serving the common people.
Think about it like this. If enough people are getting successful in Buy Side and the industry is growing, then it gives lots of talented people (of all backgrounds) opportunities to become affluent and successful.
If we're talking Sell Side, then the value is quite clear. Financial Inter-mediation can help corporations do better work, make more profit, grow and hire more people and pay its employees more.
On a personal note, I'm an academic type (CS+Math background and will likely be pursuing a PhD in a field related to Operations Research/Financial Engineering). I just really want to develop various new methods and see them successfully implemented in an investment/trading/financial risk management settings. I find that work extremely fulfilling and if I can get obscenely rich doing it? Even better.
I don't believe in the trickle down effect. But if corporations do better and they want to grow, more jobs are created. Even if jobs aren't created, if people are becoming successful, then it drives many talented people to work harder. I see that as a value.
based
No clue, but I know it includes more money.
Thank you, your question intensified my quarter life crisis. I kept thinking about it all day at work.
I think the answer to your question is best suited for an older much more experienced crowd however it is an interesting and deep question so here i go.
Obviously our hierarchy of needs have to be met and overtime they develop from a specific product to a specific goal and then to a specific lifestyle which then yields a specific image of our last name, our family legacy and our current and future generation's socio economic class that provides great benefits and negatives. Now adding value to wealthy individuals by being a very successful and consistent PM rewards you financially but also externally in regards to developing a loyal network and levelling up the social status by being invited to much more exclusive events or being associated as a much more exclusive and high class individual. This value you created is a direct reflection of your work ethic and dedication that has flourished and made you seen as a top PM or an asshole etc. Now, over multiple generations those who have been successful regardless of whether it was deserved or not has yielded extreme amounts of hate and love that has continued to shape the brands, industries and cities that we view as prestigious or of great importance thus making the rich and powerful more connected and providing an image or a symbol for poorer to attempt to replicate. You and I both agree that living a lavish lifestyle is technically adding value & I have always felt that i can provide value to my life by giving money to my parents so for me i believe that money in this situation does create value.
Now is this our life's purpose ? Are we simply foolish humans who can't see how much value we can create by rejecting social norms and donating money to underdeveloped nations and cleaning our oceans and replanting tress that we cut down for the furniture we sleep and live on? Or are we truly such superficial creatures that throughout the dawn of humanity have been only attracted to the most powerful, the most beautiful and the wealthiest amongst us who we bow down to and treat them as gods amongst men ? A great movie and book about questioning our life purpose is the Great Gatbsy that really enforces how meaningless our existence truly is and how weak minded we have become to crave the attention, to crave the luxury goods and FOMO being so mainstream in social media that we have to wonder if we are really apart of a simulation.
There is no right answer other than we choose our life based on opportunities, you either create change and provide value to those who aren't given any or you enhance your own family to see them as the only source of value.
acquire capital and help others. specifically my community. do things I enjoy, without having to constantly compare myself to others. Build great relationships with the people I interact with. Laugh a lot. As I get older, it gets easier and easier to detach from my college fratboy network and actually be myself
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