I can't believe one of the most prestigious sought after and highest paid jobs is to literally just pick stuff to invest in

[Deleted member 6186]

Seriously when some loser tries to pick stocks to buy on Robinhood or Crypto he's just some autistic moron who posts on r/wallstreetbets or 4chan biz.

When some former chad who just completed his Harvard MBA does it at a Mutual Fund (Fidelity), Hedge Fund (Bridgewater Associates‎) or even Private Equity (Blackstone), its considered one of the most prestigious and competitive jobs in the world. He gets paid a fuck load to basically do the same thing as losers.

The only difference is he invests in millions rather than just hundreds so the magnitude is a lot bigger. And therefore the risk of fucking up. But essentially what he does at the end of the day is the same thing. Gambling on the markets but claiming he has done a thorough analysis and calculated his gamble so his decision is better. When some loser gets 5% gain no one cares but when Chad does it, he's a fucking genius. Even though he would still lose to an index fund that goes up anyway.

No wonder we are going nowhere. When the smartest and most ambitious people's end goal is just to be some good stock picker like Warren Buffet, who's going to be using their Brains to do that jobs that actually contribute value?

 

[MansNotHot]

Dn rd dn care

 

[Deleted member 1680]

username checks out

 

[HeavenAdmιn]

just work 12 hours per day at GS and descend hard theory

 

[PubertyMaxxer]

Hedgefunds and Private Equity utilize instruments which are not legal or possible for the small investor

 

[Deleted member 7098]

Hedgefunds and Private Equity utilize instruments which are not legal or possible for the small investor

that's true, a lot of PE-Staff are retired BIG-Three Consultants that basically help to restructure the company they invest in to maximize profits

 

[Deleted member 6111]

that's true, a lot of PE-Staff are retired BIG-Three Consultants that basically help to restructure the company they invest in to maximize profits

Strategy is the highest level grad career. Idk why it never gets mentioned here. Muh software engineer

 

[Mastermind]

The sole thing that matters is you getting the money as early as possible.

If you have spent your prime "studying hard" or doing "muh hard work" you have already lost at life. You will be NW5 with shit collagen at 25, virtually dead.

 

[Deleted member 6273]

Strategy is the highest level grad career. Idk why it never gets mentioned here. Muh software engineer

Why would you say that?

 

[Deleted member 7098]

Why would you say that?

because the code monkeys that brag about their 150k salary do what the strategist, that earns 500k+, tells them to do

if you make it into McKinsey, Boston-Consulting-Group or Bain you made it, no other career mogs you, not even investment banking

 

[Deleted member 6111]

Why would you say that?

Strat is the most prestigious (most people I know at oxbridge don’t even really have a chance of getting in) and the most obvious pathway to executive jobs at big corporations. Strategy consultants make/influence the most important decisions at companies. They’re basically people who advise companies on their high level decisions, hence strategy. Most people don’t make it past a few years at MBB, but even if you get kicked out you still walk into a high level job at a major corp in mid-late twenties, accelerated well past other high level grads who went straight into industry. As the other user said, you can also go into PE which is pretty much the most lucrative role.

unless you found your own company, strat and then moving over is the best way to become someone who actually runs big companies. Much more likely and much quicker than working your way up

 

[Deleted member 6186]

Why would you say that?

Look at Google CEO Sundar Pichai. He worked at Mckinsey and then joined Google as a product manager. He never was a software engineer there and would probably get mogged there by better coders. But he's the person who knows what direction to take Google at the highest level so thats why he's the boss and not them.

But I still rather be some investment manager like Warren Buffet, Peter Thiel or whatever. Technically your profits are unlimited as long as you're correct in your investment strategy. You don't contribute as much value but you sure as hell earn more.