What do you wish you knew more about?


I want to prepare myself for the next few years, beyond just getting into IB. What knowledge/skills would be most useful to learn ahead of time?

It is difficult for me to allocate my time studying when I'm unsure how useful the information will be to me in 10 years. My current approach has been learning a range of different industries I find interesting (eg nat res, energy, transportation, healthcare, infrastructure), different countries (Middle East, Russia). Is there a benefit in being knowledgeable in industries and markets outside of your fund strat and focus?

I've been reading through a book on the laws of private investment funds, but is this a waste of time? When you are opening up a new fund, you will just contract a lawyer from Walkers. I also have a book on the law and practice of international capital markets, but I imagine unless you're in securitisation or a lawyer in capital markets, there is little gain.

I have dismissed learning another language because of the difficulty of business fluency. However, on this note, would clients not appreciate someone who can speak on a conversational level in their native language?

Comments (3)

Jan 11, 2019 - 7:52pm

Hey Oligarch92, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:

  • What I Wish Every First Year Analyst Knew on their plate as you do, so you may need to remind them on what you're talking about ... list? Definitely not. But if you can do these things, your life for the next two years will be much more ... that you have a question and what it's about. This shows respect for their time and
  • 5 Things I Wish I Knew When I Started Consulting knowledge is to take the time to figure out exactly what you want to do. If you don't, you ... Figuring out what you want to do in life isn't a problem you can solve by thinking; you have to do ... strategy and operations. I also learned how to sound smart about something I
  • Investment Banking Analyst: 15 Things I Wish I Knew time to throw one back in the pit. What I wish I knew as a first year investment banking analyst: 1) ... in seconds if you know what you are doing. Especially if you work in debt, know how to use the ... and where, and what experiences will help that cause. Keep detailed records of the things you do ...
  • NE M7 to MBB: What I wish I knew, observations, and ask me anything practice cases with anyone who knows what they are doing. Do some cases with people you don't know ... job. You have to work for it. Some general observations about the process 1. M7 does not equal MBB, and ... had to network more aggressively, so if you are on the fence, keep that in mind. That said, everyone ...
  • 1 year into MBA: Things I wish I knew about a certain industry- you better be networking / doing research out of class as well. 4) Many people ... still need to do the work outside of class. Let me give two examples. Say that you want to be a better ... there were a few nuances of the experience that I wish I had known about going in 1) The job search is ...
  • What I wish I knew when I was a teenager- want others' opinions I'm looking for is advice from some older (& younger too, I suppose) posters on things you wish ... you knew when you were 15-18 years old. I know I'm being overly optimistic by thinking my teenage ... some of the time, your elders really do have your best interests in mind, listen to them. 2. if you go ...
  • 5 Things I Wish I Knew About the ERP Program before Signing Up I knew about the ERP program before signing up. The ERP Designation is recognized more by Electricity ... program, the first thing I noticed was information about it was hard to come by. Here are 5 things I wish ... electricity companies, but less so with O&G companies. The Exam was More Difficult than I Expected If you ...
  • More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

Jan 15, 2019 - 9:05pm

you seem quite erratic in your post

It’s hard for anyone to give you advice without understanding what you want past IB

If you want to be an investor, just focus on the investing part. Read books and letters and thought pieces from great investors, read about any industries you find interesting, and try to apply that knowledge. Notice that my advice is pretty vague. It’s because you won’t know where your career will take you or what kind of seat you’ll end up in. So start by reading widely and exposing yourself to new things and then dive deep into whatever you find interesting.

You can’t plan for everything in the future.

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