As a prospective (hopeful) future public markets investor, I was hoping to get some perspectives on what defines a "passion" for investing.
Is there something riveting about putting your smarts to the test against other investors? Being an independent thinker? Thoughts on competition more broadly? (And how investing in public markets has been thought of as a "zero sum game"?)
On a related note, any recommended books that touch on a philosophical framework for investing? Or more generally something that touches on competition / other themes?
Just trying to figure out what makes you all so enthusiastic about the field!
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As an engineering student, the questions I face are usually based on a relatively small set of variables, are deterministic in nature and are based on clear physical laws. Basically you're operating in a "small world", like chess.
Investing on the other hand is more challenging. It lies on the crossroad between human psychology (both of the markets and yourself) and the physical world. Which is why It involves much more variables, and has non-deterministic consequences.
Also, as a generalist, investing enables me to learn about all sorts of businesses and aspects of our modern world. The knowledge ceiling is literally infinitely high
Thanks for sharing! SB if I had one...
I'd say I'm in the same boat. Being a public markets investor allows you to learn a ton about how the world (and the businesses that run the world) works. There's also something really appealing about having an external force (the markets) validate or invalidate your ideas. It's a way to keep yourself honest.
In the spirit of the New Year, any other reflections about what makes people love their job? Or even dislike their job?
Came across this quote from Shane Parrish (founder of the Farnam Street blog, which I'd definitely recommend to anyone interested in making better decisions / learning in general) about why he enjoys investing:
"The field resonates with me because investors have skin in the game. Investors have clear accountability and measurable performance. That contrasts with many other types organizations. For the most part, investors are searching for the truth and constantly looking for ways they could be wrong and that they could be fooling themselves. There’s a pretty clear scoreboard."
I like the level of accountability as well. Would love to hear other opinions too.
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