I was just reading about monks and their selfless lifes. It made me think about how this industry is ruthless almost by definition. Surely there must be some selfless people in finance though, do you know anyone or someone who's done a genuine good thing while being in IB? Would love to hear your stories
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as time passes, questions asked on WSO are growing increasingly weirdly specific
So you were here since high school? Prospect?
I post on WSO.
You, the reader, are enlightened.
You know, I really just do it for entertainment value. You are a better man than I.
Lol, thank you, your comments are a blessing to us mortals. Real talk though, your comments are always insightful.
for our executive team to talk to us pleb juniors to donate our time and money to solve systemic racism and shit for almost an entire 2 minutes! then going back to their bajillion dollar lifestyle. was super generous and I felt personally impacted.
but seriously fuck the system of people prescribing generosity without doing it themselves or pandering. at the same time, I’d do it too if I was in their shoes (gotta say something).
on an extremely serious note the IB:PE world is really tough to break into and succeed because it requires so much relationship building and not screwing up. the nicest things I’ve seen are people taking the time out of their day or going out of their way to help and mentor someone else out, either just opening their door or actively mentoring and working on things that improve the lives of kids who will never give it back but will hopefully pay it forward. it’s small and incredibly big, and happens so much and we all benefit from it in some degree. feedback and advice that was unsolicited but helpful, etc. someone is always paying it forward and that is the best thing about this industry. the hardest part about it being the most rewarding too. god bless America.
More money, more problems.
Hence, making as much money as possible would be the most self-less thing to do. Carry other people's burden for them.
https://en.wikipedia.org/wiki/Welles_Crowther
This.
So inspirational. His parents must have been proud.
Welles was a big motivation for me to pursue my MSF at BC and I referenced him in my essay to the school - thank you for the reminder to be more selfless.
What a legend. Legitimately brought a tear to my eye.
I make a point to watch the Man in the Red Bandana every September 11th - cry everytime.
Thank you for this.
I had no idea who Welles Crowther was until I saw this. Really brought a tear to my eye.. We should all strive to be like Welles. I think this entire community would be a better place if every one of us had even an ounce of the selflessness and kind spirit that Welles had.
thank you. similar story
https://en.wikipedia.org/wiki/Rick_Rescorla
These are amazing stories of incredibly brave people. I can honestly say these have really inspired me.
Thanks for sharing.
Awesome story. Thanks for reminding everyone about another hero from that day
Yep. I always get bummed when I think about him. Looks like a really nice dude. What a hero.
When the banker says don't do the deal.
whoever puts the free bagels out, they’re the real MVP
Brooks Bro’s getting an 80mm, 0 interest rate loan
The people buying my OTM options, so I can make some theta. Wholeheartedly thank you
LOL...nothing says free money like selling gamma in your retail PA...
Pay their taxes
Giving away 50% of my bonus in taxes....no way in hell does that make sense for a kid making less than 200k
Back when I was in undergrad, one of the senior brother in my fraternity took an hour every weekday afternoon and got all the pledges interested in finance and consulting, and walked us through accounting basics and case studies. He didn't have to, but he said one of the alums did that for him, and he was hoping to pass it on. He was one of those crazy smart guys who played a sport, drank as much as possible, was involved in student government and so many clubs, and still got a MF PE offer. I'm eternally grateful for that, I wasn't sure if I wanted to pursue IB, but thanks to him, I was prepared when recruiting rolled around. It's not as serious as someone giving their life for another, but that's one of the nicest things someone has ever done for me, to give away 5 hours a week in their senior year to help those who might need it later down the line.
Fraternity, played a sport and dude gets wasted every night? 100% a UVA bro.
Ivy League actually, haha
The poster said the guy was really smart?
Our lord and savior John Bogle who founded Vanguard probably ended up doing the most for people in the long run by decreasing the cost of mutual funds/ETFs
Love me some VTSAX
Have you heard about the gospel of VTWAX?
Alumni from my school is really successful - BB, then top PE, then started his own hedge fund. He offered "internships" to anyone who was interested this summer - I sent him an email asking to join him and he said sure. we have been calling every week as he teaches me the ropes of pulling together a great proposal (he's an activist investor). I've never learned from someone so experienced and successful so it's really incredible. Hope i can be like that one day
It sure sounds like it. The word 'alumni' is actually plural. So it is technically 'Alumni from my school 'are' really successful -'
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