Memoirs of a Minyan: Animal House
The purpose of the journey is the journey itself.
The Ace of Spades
During my junior year, I aced my finance midterm and blew the curve. Pride would have been the appropriate reaction but I studied my few wrong answers and loathed the lack of perfection.
That was my style—set the bar too high so if I missed, I was still ahead of the crowd. It wasn’t the healthiest approach; while it pushed me to bigger and better things, it never allowed me to feel a complete sense of accomplishment.
After that midterm, the professor called me to his office. I allowed myself a rare moment of satisfaction as I rushed across campus to accept some praise. When I arrived, he grilled me with questions and after a few minutes, I realized what was happening.
“You think I cheated?” I asked, humbly at first but then with increased agitation, “I busted hump for this class and you’re going to accuse me of cheating?”
Following an intense discussion, the conversation eased into a healthy dialogue. He ran the Department of International Programs Abroad (DIPA), and there were several internship opportunities overseas that summer—most of which were geared to MBAs—and he began to gauge my interest.
I asked him what was available and he listed them in kind. Manufacturer’s, Hanover. Saatchi & Saatchi. Morgan Stanley (MS).
“Morgan Stanley?” I asked, recognizing the name of the biggest cash register on the Street. “If you can get me the job at Morgan, I’ll gladly hop the pond for the summer.”
When I accepted the internship at Morgan Stanley, I had no idea it was the only paying position. That’s good news for a young kid living abroad and staring at tens of thousands of dollars in college loans. I packed my bags and headed to London for the summer of 1990 between my junior and senior year.
I was placed in Operations Control and was the kid who told the producers on the trading desk there were errors in their accounts. As an intern, I was low man on the totem pole. Given that I worked in Ops Control, I was low man on the lowest totem.
I lifted weights in college and had the muscles to prove it. That was helpful in the bar but provided little utility in business. I felt very small when I stepped onto the trading floor each day and wove my way through the verbal barrage. It was scary yet exciting, unlike anything I had ever experienced.
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.