Is MM a fit for me? (ex-gamer / poker player)
Hey guys - I'm a current associate at an MF thinking about moving to a MM firm. Basically I'm getting pretty demotivated by the progression system in PE-land - a lot of it from what I can see is just working long hours and playing the politics well which is starting to wear on me. I know it's an oversimplification but it just doesn't really scratch the itch that drives me.
My big passion in life has always been competitive games. I'm very high ranked in a bunch of video games and I'm a former semi-pro poker player. I loved the competitiveness of poker, the instant feedback loop, and the skill expression that existed. It was so fun to feel like I was steadily getting better and better at a very complex and chance-based yet skill-intensive game and it drove me to put in a ton of hours of studying without ever feeling like it was a chore. I'd love to recapture that feeling in my career.
I have been thinking about traditional SM L/S (which is what most of my peers previously left for in earlier years) but I feel like the more "fundamentally-driven" investing styles don't suit me - I don't actually love business analysis, I'm more driven by winning / playing games at a high level. I also worry that feedback loops are too long / nebulous in a longer-duration style as I really need tight feedback loops to learn and improve quickly.
I'd love to hear opinions from people who might have a similar background (e.g., poker, competitive e-sports, something like that) and how it translates into MM-style investing.
You don’t really know until you try, but sounds like it.
go do prop trading
If you can get into a good SM, do that for 2-3 years and try to leverage into sleeve at a pod - you’ll skip the part of a pod career where outcomes aren’t in your control (junior analyst) and get straight into the game you enjoy
Many SM guys make this switch for the comp upside anyway
Bad part about this path is you also skip the part at an MM where you learn to manage factors and net exposures.
If you try to pivot from a 60% net long SM into running a market neutral sleeve at an MM, there will be a lot that you'll need to figure out on the fly, and your chances of sucess will be low.
Do you love markets/stocks? If yes, then yes.
That's the question that actually needs to be asked, otherwise, you're basically asking us if playing League of Legends makes you a good fit for citadel...
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