Minyan Mailbag - Trading Humanity
Best of luck!
Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next column with that very intent.
I had been an enthusiastic reader of yours since the 2000/2001 Realmoney days and "found" you again recently through Minyanville. I have always found your commentary filled with a sense of profound humaneness, in addition to the insight and wit. You are really quite different from most other financial writers I have read.
My question to you is: How do you do this, especially in the face of a cut-throat environment where everything is reduced and reducible to numbers and P&L?
I am currently pursuing a graduate degree in counseling (I love working with kids) and already have a graduate degree in electrical engineering. Now my ADHD mind is investigating a detour into the financial industry, but I have this persistent fear that I would somehow "lose myself" in that environment (let's ignore the fact that it takes a lifetime to "find oneself"!) therefore my question to you.
Minyan Paul from San Francisco
Thanks kindly for the snaps--we try to sprinkle "life" in the 'Ville as it's important to balance the flickering ticks with the important stuff (and no, I don't always practice what I preach!).
Wall Street has always been about the bottom line but we each map our own parameters. Yes, we are measured by numbers but no, that need not define us. I've watched money do bad things to good people and ruin as many lives as it has helped. I've said it before and it bears repeating--some of the wealthiest folks I know don't have two dimes to rub together while some of the richest remain bitter critters to this day.
If you want my honest vibe, I think Wall Street is a shrinking pie and vicious circle. That doesn't mean there aren't opportunities but the earnings curve will continue to steepen. With that said, the capital markets won't go away and there will always be a place for hard and disciplined workers (in any industry). Whether or not you find (or lose) yourself should be independent of your career choice. From the tenor of your note, I get the sense that won't be an issue for you.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter