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星云剑法

无所谓，我比较在意个人自由....

gmatfucker

Well, IBD won't make you a billionaire, nor sales and trading, equity research, or any front office jobs in the sell side. Never ever imagine you can become a billionaire by choosing a right career. It takes talent, luck, mental toughness...

But if you randomly select 100 trading analysts, maybe 8 of them become top portfolio managers and turn to billionaires, 2 quit trading and do sth else but also become billionaires, 70 of them are millionaires, 10 become normal, 10 died on trading desk or got into jail.

If you select 100 risk management analysts, maybe also 2 quit finance and become very successful, 2 jumped to trading and also become billionaires, 60 of them millionaires, 35 normal, only 1 died early or put into jail.

My point is, if you think being normal (or even millionaire) is not different as dying or becoming a prisoner, you should fight hard to go to front office.

gmatfucker

The same logic applies to why you work that hard to get to PKU. PKU ensures you nothing. But why are you willing to work 4 hours more every day for 12 years just to getting into a good university?

For the sake of possibility, or "upside potential" right? I am always longing call options for my life. They are expensive, and most of them are way out of the money, but I like them because upside potential is what I care about.

After longing options, the next thing is to add as much volatility as possible. The larger the sigma is, the more valuable these options are worth.

Different people have different attitudes towards life and goals. No matter what your goals are, the only right thing is to keep smart, sensible and careful all the time in order to choose the best "life portfolio" for you. Though even with the best portfolio you may also lose or even lose heavily, but those are the non-idiosyncratic risks that you cannot avoid.

Good luck to everyone.

gmatfucker

BTW, 如果你们想借父母的钱买房，那就去国开行吧，我爸反正是一分钱也不会给我的，所以我不会去。。。

brandonh

Well, IBD won't make you a billionaire, nor sales and trading, equity research, or any front office jobs in the sell side. Never ever imagine you can become a billionaire by choosing a right career. It takes talent, luck, mental toughness...

But if you randomly select 100 trading analysts, maybe 8 of them become top portfolio managers and turn to billionaire, 2 quit trading and do sth else but also become billionaire, 70 of them are millionaire, 10 become normal, 10 died on trading desk or got into jail.

If you select 100 risk management analysts, maybe also 2 quit finance and become very successful, 2 jumped to trading and also become billionaire, 60 of them millionaire, 35 normal, only 1 died early or put into jail.

My point is, if you think being normal (or even millionaire) is not different as dying or becoming a prisoner, you should fight hard to go to front office.

-- by 会员 gmatfucker (2013/3/23 3:33:11)

正常情况下人们的风险规避程度不是你描述的情况...如果可以用函数来描述偏好，很少有人的效用是在十亿的狄拉克函数

gmatfucker

给学术帝跪，不懂狄拉克函数。。。

brandonh

......
来CD上的人ambitious的有不少，但能和fucker哥比的肯定不多

怎么说呢，每个人都有自己的选择，很少有绝对的正确和绝对的错误。能为自己的选择负责就不错了

hiddentears

fucker哥你真的有点偏激.............

为啥一定要追求excess return而去FO，我想去FO是因为对trading这一块感兴趣............

其实为啥一定要以后billionare exit option啥的，做risk能安稳一直做下去，而且也有机会在自己部门成为高级risk manager啥的，还不用总动荡折腾来折腾去的，收入不错也体面，有啥不好的....真不理解这些风险厌恶者出于啥心理.....

-- by 会员 星云剑法 (2013/3/23 0:17:48)

做FO还是MO/BO，就是取决于你是有fucker哥那样的心态还是像以上这样的心态。这是三观的不同……

comesagain

......
来CD上的人ambitious的有不少，但能和fucker哥比的肯定不多

怎么说呢，每个人都有自己的选择，很少有绝对的正确和绝对的错误。能为自己的选择负责就不错了

-- by 会员 brandonh (2013/3/23 4:41:21)

真正成功的ambitious的人是不会因为别人说干什么什么好就去干什么什么，而是他们知道自己适合什么喜欢什么，然后才去干什么

brandonh

......
来CD上的人ambitious的有不少，但能和fucker哥比的肯定不多

怎么说呢，每个人都有自己的选择，很少有绝对的正确和绝对的错误。能为自己的选择负责就不错了

-- by 会员 brandonh (2013/3/23 4:41:21)

真正成功的ambitious的人是不会因为别人说干什么什么好就去干什么什么，而是他们知道自己适合什么喜欢什么，然后才去干什么

-- by 会员 comesagain (2013/3/23 5:38:58)

对这点没什么反对
不过从另一个角度看人的选择和期望的形成也会受到社会和舆论的影响