8-6 8-13 8-20 9-1 MN Read Later2 Read Later1 General Media 1 Other Media TV Broadcasters Tech Telco Toys Video Games Restaurants Powersports Other Media Real Estate Large Media Parks General Media2 Internet Hotels Hotels1 Gaming Gaming Film European Media Cruise Consumer Consumer Luxury Auto2 Auto Agencies Agencies
And every story ends
But we could still pretend
Every single moment will be just as we planned
It was some type of love
In the beginning, I wasn’t a Philadelphia sports fan. I rooted for the Chicago Bulls, because when you grow up in the Midwest in the mid-90’s, that’s what you do (thank you WGN). But in an appeal by the left side of my brain, I also picked the San Francisco 49ers. Before I knew that Stanford was a good school (being Asian, this didn’t take long) or what was a QB rating, there was something fascinating about a team constructed by Professor Bill Walsh and a brainy looking Mormon quarterback beating down the brutes from Dallas and the cowboy from Green Bay.
And then in 1996, my parents moved us from the backwaters of rural Ohio to the slightly less rural suburbs of the Tri-State Area. That was also the year that the local professional basketball team drafted a skinny guard from Georgetown with the first overall pick.
By 2001, I was a hardcore Philadelphia fan. I screamed at the dink-and-dunk Eagles every Sunday afternoon and listened to WIP sports radio hosts scream at each other on weekday nights. I wore a Desjardins jersey to play street hockey in the neighborhood, and while my friends copied Jay-Z, my ballcap of choice was always red with a curved white P on it. But for a tall skinny kid who couldn’t jump
very high at all, I was most transfixed by the short skinny blur that was #3 on the Sixers. In the days of 56k modems, I spent a few dozen nights a year tracking stats on loose-leaf paper while following Tom McGinnis call games on the radio and cutting standings out of the Philadelphia Inquirer. When our misunderstood and inefficient superstar dragged the team into the NBA Finals that year, I was on an overnight school field trip to study horseshoe crabs at the beach. Luckily the chaperones allowed the students to stay pass bedtime to hear that famous call and from that moment on, I was a Philly fan phan to death.
Unfortunately, as soon as I dived head first into fandom of the 3rd winningest team in NBA history, the nomadic coach nomaded off, the league realized 30 points a game on 40% shooting was easily guardable, and the Bubbachuck-led iteration of the Sixers team peaked. While the rest of the major teams all made a finals appearance in the intervening years, the Sixers finished between 6th and 10th in the conference 9 out of 11 years after the Finals year – a collection of washed up ex-All Stars and mid-first round draft picks hovering in no-man’s land for a decade. There was random dagger moments like an Iguodala game winner against the Finals-bound Magic in 2009 and (sadly) Rose’s torn ACL opening the doors for a run to Game 7 of semi-finals against an on-their-last-legs Celtics team. Not quite good enough. On the flip-side, sitting in last place 7 months before the Oden-Durant 2007 draft, the 5-19 traded Iverson…for veterans that helped the team finish in 12th from last place. The one year the team did actually grab some lottery luck, it jumped from 7th (0.053% of top pick)…to 2nd, in a draft with just one sure thing and one knucklehead. Not quite bad enough. So like Iggy’s weird celebration after that 2009 shot, the team would just randomly get lucky, but never had any follow-thru, and just ended up looking silly with no future plan.
Then on May 14, 2013, the Sixers hired some guy named Sam Hinkie.
To support Philadelphia sports means accepting that there will a lifetime of doubt. The facts would state that the 5th largest urban center in America is as large as any sports market outside of LA and NY. But whether its the hangover from losing the US capital in 1789 or having an owner call the city “a small market”, we always doubted if successes were real and if saviors were true.
That’s why, when the Phillies made the 2007 playoffs for the first time in 14 years, I skipped on a couple dinners in order to scrounge up $300 for nosebleed tickets – telling my friend, “we have to go, it might be an once-in-a-lifetime chance.” (I was wrong, but still). And it’s why I knew the aforementioned 2002-2013 Sixers were most likely stuck in purgatory and the 1999-2009 five-time NFC finalist Eagles couldn’t win a Super Bowl with Donovan McNabb aiming for the ground 2 yards in front of the receiver each time. (I was right).
So the hiring of an unknown general manager caused nothing more than a few raised eyebrows in the Delaware Valley that May. But then the 2013 draft happened (see comment section starting around 8:20pm), and everything changed.
Rather than rehash what’s happened over the last 1,013 days. I’ll just point to our roster/draft picks before and after. I’ll also point to the extreme disgust with the strategy from national media.
To me, it was the first time that a Philadelphia team deserved my trust because instead of trying to believe that a square peg would fit into a round hole if you pushed it hard enough, someone at the team decided to throw out all the square peg and just search for a round one instead.
That idea of a perfect fit especially spoke to me because I just had watched what happened when the glove didn’t quite fit. While Boston stumbled into Brady in 2000, we drafted Donovan 8-yards-instead-of-10 McNabb in 1999. While LA found Kobe in 1996, we drafted Allen 40% Iverson 12 picks earlier. Even when we had success, the post-2008 Phillies fell as quickly as it rose because the championship core was composed of 29- and 30-year-olds instead of 23- and 24-year-olds.
So in Hinkie, we finally had someone who treated the fans like adults who wouldn’t be tricked with short-term gains that belied a long-term goal. After all, everyone loves the mantra about no medals for 2nd place, right? Now here was someone who had carefully considered and analyzed the steps needed to have the highest probability of reaching 1st place. Is that the sexiest thing to say? No. But you know what is sexy? Rings. Not bold proclamations that immediately fail.
Maybe I’m too different from the average fan, but I fell for the logical, practical, approach to a decidedly emotional sport. Every time Hinkie spoke, I could see how he was making smart, rational decisions, gathering more facts than anyone else, and then just picking the one with the greatest odds of helping to bring a parade to Broad Street. He dealt with uncertainty in the most coherent manner that I had seen from a sports executive in a while. It wasn’t just a manifesto on sports, but life itself.
When before, I was too poor to afford brand new sneakers that I dislocated my kneecap wearing worn down signature AI shoes, now I tried to go to as many games possible from 150 miles away. I defended the team at social and professional gatherings – everyone seemed to have a hot take, especially as the losses piled up. And did they ever – 200 losses in 3 seasons, a loss every 5 calendar day. And yet I watched the majority of them. So what never made sense to me was that the most hardcore fans were more dedicated than ever, while the vitriol came from the not-even-paying-attention crowd who wanted answers to questions that I didn’t even care to ask (when will it stop? why so many losses today? why not get some veterans? not, does this help us get closer to a championship?). (True to form, the top complaints from national observers – the fans hate this and the team isn’t developing a winning culture – were not grounded in fact, but make logical sense if you just used heuristics.) But no matter. I tuned out all the noise because when you have the smartest guy in the room, my logic said that good process will lead to good results, with the timeline determined just by uncontrollable luck.
Then on April 6, 2016, Sam Hinkie tendered his resignation from the Sixers.
Look, I get it. I’ve worked in finance for my entire (albeit short) career and have had 4 different business cards in 5 years. Finance, like professional sports, has asymmetrical risks and rewards – there are few winners each year, there is a cadre at the top with all the power/money and a turnstile of workers who can only complain about not getting to the top. There always too much talk about culture and unfounded references to military toughness and attention to detail, but at the end of the day everyone is judged on
profit-and-losses win and losses. And, the judging is often unfair and arbitrary due to the vastly different incentives for those giving orders and those taking orders. The fact that Hinkie and the owners both came from this background is not a coincidence. Nor is the fact that Hinkie was told to proceed in pursuit of a single long-term goal and then abruptly told to stop because the short-term results – which the team had decided to ignore in order to provide their greatest competitive advantage – were too bad to the people who didn’t matter (the media outside of Philly).
But I also invest in the stock market for a living. The market is a river that flows in cycles, sometimes overflowing with riches, sometimes stubbornly miserly, but never discriminating between who’s upstream or downstream. The key to surviving then is preparation and a consistent process because research has shown that over the long-run no one can consistently time the market (that is, predicting the ups and downs, not saying it’s impossible to beat the market over a long period of time). But you can get rich by capitalizing when the market is hot and pulling back when the market is not. Well, think about sitting at the blackjack table playing Basic Strategy but never varying your bet or investing your paychecks in a 2% bonds or picking in the middle the of the NBA draft every year. Is it possible that you run into an epic run of Aces or witness bond yields explode or find 5 Draymond Green’s? Sure. But that’s just luck. Eventually, the house/inflation/Lakers always win – the casino taking their 0.5% edge even with Basic Strategy Blackjack or 1% advantage that 2% bonds lose to 3% inflation or the Lakers getting free agents over smaller markets. George Clooney said it better than I. The
better way only way to win is to load up the chips when the odds are in your favor and buy stocks when the market is in a 20-year trough in 2009. In other words, stock up on draft picks, young players, cap space, and great practice facilities while the rest of the league is busy losing to the Warriors/Spurs/LeBrons. And that is what I don’t get – that our finance-background owners gave up on simple math after a sample size of two.
So where do I go from here? Hinkie always said, if you think something is going to happen, and it happens, the result shouldn’t impact your view on the situation – ie, put a good player in a bad situation, he’s still a good player. So, if I knew that a bunch of owners that amassed their wealth by buying assets low and selling high had just made 3x their investment in the Sixers and then happened to lose patience with a process that was causing much teeth-gnashing in public, I shouldn’t be all that surprised that this happened. And if I knew that our fund likes to take a long-term view on our stock picks but our owners like to judge us on daily wins and losses, I shouldn’t be all that surprised that a dislocation in the market has us seeing pink, instead of seeing opportunities. In the end, the Process didn’t fail, Sam Hinkie didn’t fail, and our fund didn’t fail, the owners just had different incentives and forgot to tell their manager that short-term uncertainty was actually intolerable. And that’s okay, because humans are ultimately governed by emotions, no matter how irrational those might be. John Maynard Keynes said, “a market can stay irrational longer than you can stay stay solvent” – but Sam Hinkie said if you long science and facts, stay intellectually humble, and keep a long-term view, you have the highest probability of winning. I will find somewhere else. Sam will find somewhere else. What’s happened this year doesn’t mean that we can’t win in that somewhere else if we follow the same Process.
Since I became old enough to vote, I’ve signed my name on the offer letter for 5.5 internships and 3.0 full-time jobs. I’ve started jobs in the spring, summer, fall, and even winter. I’ve worked in jobs in 4 states and 2 continents; in big office buildings with fancy Greek-sounding names and in a small dusty room called my bedroom. And since, I can’t even say I got paid for each of them, I only can say that the one similarity across them is that each had a “day one.”
That first day is always full of trepidation and/or excitement and this latest iteration was no different…wait, who I am kidding? I had no conflicted feelings at all. I knew exactly I wanted…I just wanted to go back to overcrowded, commercialized beach in Thailand. Barring that, I just wanted to go sit in an overcrowded, commercialized noodle shop in Hong Kong.
No, but actually, I was pretty geek’d to start on this job, if for no other reason than that I just wanted to figure out what I had got myself into. Contrary to my job description as an “research analyst” – I did very little diligence on the firm or the job titles. Instead, I fell back on the age-old wisdom of, “anything must be be something better” or g.i.g.s. Is it immaturity of not know what I want to do or finally maturity from realizing that a job is just a job is just a job and you can only expect so much out of it and so you shouldn’t waste time over-thinking it? As you can tell from my longer description, I’m hoping it’s the latter.
So, internal monologue aside, I walk into (yet-another-Midtown-skyscraper) preparing to actually have real conversations with people in dress shirts for the first time in over a month. Scary.
The thing about the having no expectations is that I also face no surprises. I sat down at my desk…and promptly got ignored – because everyone around me is, gulp, actually doing their job. I get an Outlook invite for orientation and…no one tells me where to go and when I’m going. In fact, it’s the first semi-real “orientation” session I’ve gone to in my life. Every job before this was either too short or too small – hold the jokes – to warrant an official training manual that. Put it this way – I finally got to participate in a 401k program!
Meanwhile, as I learned about how my new job doesn’t have vacation days (yet again), I came to slightly more profound realization that I might just be the youngest person in the entire firm. I looked in the room, in the hall, in the trading floor, even in the bathroom, and I’m pretty sure everyone was at least 10 years older than me. Either that or white people age
really badly gracefully, seriously.
Combine that with the fact that I’m working at a company larger than 200 people (3,000! – though our relatively silo’d off group is only 4) and it’s safe to say I’ve entered the big league/the show/the majors – except I’ve got no perks anymore (this is how a company makes money). Otherwise than those contemplations, I mostly spent the first week trying to figure out if I like being a big monk in a small monastery or a small young monk in a big monastery – fish/pond for non-Asians.
When we were young we were taught to differentiate between wants (yummm, Oreos!) and needs (gross, actual food). Now that we’re actually grown up, it turns out that prioritizing has real-world consequences (damn you slow metabolism) and so learning to organize our life is actually really important.
Unluckily, there are a billion note-taking apps, to-do list apps, and every shopping/movies/music/travel site wants you to save lists. Plus, I love sticky notes. Oh, did I mention excel spreadsheets and word docs of items. And, don’t forget emails to yourself. (!!!)
So over Christmas, my number one to-do wasn’t to actually accomplish any of my to-do’s, but to just simplify my life by figuring out all of my lists and make them work for me again. Two weeks and many deletions later, I’ve consolidated everything physical and random in Evernote notebooks, kept only one short-term, important things list, and subjugated all else into locations where they won’t be lost but also where I won’t have to see them alongside more important items. (Why short-term, important? – because a man with less time than me said so.) Now to-do lists don’t suck up my life or space and I’m much saner (and sort of more productive). Here’s what else I learned:
1. There are two kinds of to-do lists. There are the lists you actually need with short-term, important things; and there are the lists of things you just want to remember for some future ambiguous time. If you forget to look at the former, you might miss something. If you look at the latter too frequently, you might actually drive yourself crazy because that list is only going to get longer.
So this point I already knew, because I’m always irrationally worried about forgetting about what TV shows I had wanted to watch or articles to read. I
still used to keep track of those on excel spreadsheets but thankfully now there’s a million apps to do for you. The beautiful thing about keeping these lists of time-sucks tucked away is that you realize you didn’t miss them while they were away, yet at the same time you know that Netflix will keep track of your to-watch lists because they want you to renew your membership or that Amazon will keep your future to-buys safe so you will keep shopping there or that Spotify will….
Anyways, with your unimportant to-do’s kept on those ubiquitous commercial sites, you can instead keep your actual to-do list clear of clutter and not have excuses for, you know, crossing off your items.
2. Don’t look at your to-do lists every day. Okay, so you’ve successfully prioritized your prioritization system. Now you just stare your list of 10 things and watch it everyday because it won’t shrink, just like your waistline – also an item on your list because you didn’t make specific, obtainable short-term goals.
But actually, as opposed to other advice, I’d prefer to keep my to-do list away from my direct sight everyday. Are you really going to forget that you need to “buy a new phone” or that you need to “clean your desk”? Instead, you should only pull it twice a day – once in the morning to figure out which of your to-do’s you are going to accomplish that day and once more at night to cross off said item. So force yourself to only write down items that are completely necessary in your life.
If you have time-specific goals, make a calendar invite on your medium of choice. Try to keep your actual to-do list time-unspecific so that it is about accomplishment, not fretting.
3. Have a read later folder. Speaking of fretting, there are a thousand things to read everyday and 999 of them end up in your email inbox specifically to cause you worry. You can’t delete them because you haven’t responded/checked out the link/filed away the advice, and yet you really don’t have the time to go thru them all. The best part: tomorrow your inbox number will magically go up by 10.
My solution is to have a “Read Later” folder, or even several “Later” folders. Skim and file away. That way, you won’t worry about forgetting nor about inbox bloat. Your inbox should be your must respond or must do, not an ever expanding list of maybes. The truth is, if you file away and you don’t remember it, that just means the email wasn’t important enough to warrant your time. It’s like a missed call, if it’s really that important they would’ve left you a voice-mail. On the other hand, if you ever have lots of time or you randomly remember you want to check something out, well you know where to search.
4. You don’t have to finish. I’m stealing this from Marissa Mayer because I never heard anyone articulate this point exactly, but it just made so much sense. “If I did [get to the bottom of the list] it would be a real bummer,” Mayer said. “Because think about all those things at the very bottom of your to-do list that really shouldn’t take time out of your day.”
And in one sentence, Queen Yahoo! summarizes my last 700 words – because #1-3 are not just ways to keep you focused on the priorities, but also accepting them will keep you sane.
The bottom line: technology should be about making your life easier, not tougher. As someone who just lost an external hard drive (and had to pay $$$ to get the data back), it’s worth spending a little time to organize your information in order to have technology organize your life for a longer time. Filing things away will give you peace of mind and you probably won’t even miss them as you go about your days being awesome and creative.
P.S. Yes, the irony of writing a blog post with numbered bullet points is not lost on me.
When I die, if my New York Times obituary doesn’t read something ridiculously awesome, it will probably read that I was incapable of living in the moment. I blame it on living in Times Square, two blocks away from two movie theaters where I can see every new release that I want (and some that I don’t want). That and free online streaming TV shows give my 10-year-old sense of self-control way too many avenues to be nostalgic or wistful – and sometimes both at the same time. (How?)
Mind you, this is different than FOMO, which I guess the grown up media has just recently discovered as they vainly seek to quantify their kids’ social networking habits. Sure, if you let it, social media outlets just increase our want for something…else. But I’ve leveled up, so rather than wishing for someone else’s Instagram life, I’d rather just view MY OWN past through rose-tinted glasses or go sleep and dream about my future. My recent drugs of choice: movies and TV.
Just last weekend, I went to see Pacific Rim. Sure, talk of huge robots punching even huger monsters with help from some elbow rockets gets my own elbow joints ready to move (into my pocket for my credit card). But also, I read that the movie took place in Hong Kong and I was just as eager to take a brief sojourn back to my 2011 summer trip via a 60 foot screen (kind of like Pacific Rim‘s concept of “drift”). That trip was the last one before my first real job started and when I think back to Hong Kong now, I ignore the unbearable humidity and weird Chinatown smell but focus on the excitement of the unknown and my great moment of zen at a not-so-secret pier on the Harbor.
In a way, I’m just doing what people have done for centuries through books, fireside stories, or papyrus scrolls. I’m sure somewhere there is a cavemen drawing that imagines the artist’s life in a world without ice.
So, looking back on my job search, I realize that one reason it was so hard was that each interview gave me an opportunity to imagine a different world. Sometimes, the world seemed so much better. Sometimes, it was simply a simpler world, one where I wasn’t looking for a job all the time. And sometimes, I just wanted to return to a world where the future was unknown.
When I had my first big boy interview a fourth of a score ago, something that the voice on the other end said still rings true in my head today.
When I asked one of those, “so what questions do you have for me” questions, I was told that the biggest difference between college and working life is that there are no longer any deadlines and breaks between semesters / finals / holidays, etc – a much much dimmer light at the end of the proverbial tunnel if you will.
So here I am, a couple months removed from my last update and a somewhat voluntary exile from
talking about myself blogging because I wanted to finish talking about myself interviewing. A self-imposed break in the tunnel if you will.
But the truth is, I fell for a bastardized version of “post hoc, ergo propter hoc” – I tried to put some aspects of my life on hold whilst waiting for something else to happen – and you just can’t do that. In the post-college life, you can’t just let your bad spell of tests run its course and wait for a new semester to start afresh.
Cue obviously shallow but seemingly deep phrase: Life waits for no one.
And so, the one year anniversary of my current job search has come and gone. I’m closer than I’ve been in a while. I know that because I have already started self-questioning my future offer before I have even received it.
Nonetheless, I think it’s time to fill in the gaps in this blog and set off a total timewarp mindfuck by backdating posts between the summer of 12 and today. Yes, I’ve been keeping a to-do list of blog topics that sorely needs to be checked off. I usually dread these types of site updates but I fear my own future ignorance if I don’t leave some kind of marker here.
I’ve been dumped a dozen times in the last couple months. And not just by normal girls, but by unicorns – supermodels with personality who pampered me. The type of dream girls, whose pictures I would save on my tumblr. With the first couple of girls, I got over because the mutual friends who set us up would hook me up with more. But the last couple rejections have made me question everything that I ever thought about myself.
And as time went by, the amount of supermodels with open dance cards have approached the limit of zero. So now I’ve gone on dates with mere fitness models, or models with quirky personalities, maybe a beautiful girl without the greatest sense of fashion. But who am I to be picky? And yet, by the time I’ve convinced myself to put her on a pedestal with the best, she’s turned me down too.
And it’s all weird because it’s not like I’ve never been successful before. Sure maybe the location was different and the stakes were somewhat lower, but I’ve tasted success.
And so now, I’m left here wondering if I will ever find someone to
give me an opportunity believe in me. Because the scary part is that I’ve had plenty of opportunities…great, once-in-a-lifetime opportunities…that I’ve cocked up.
It’s hard to find a reason to be a homebody in the City unless you are trying to avoid something. I’m trying to avoid getting asked, “when are you quitting your job?” Yes, I know, I’ve been trying to quit since I got in here, you think I’d still be here if I had a better choice???
And yet, what’s left of me is that I keep on discovering new ways for others to say no. It’d all be very amusing if it weren’t, you know, MY LIFE.
And now I’ve had plenty of experience…
Sigh. But there’s nothing I can do, but to ask, as my ATF TV show always said…what’s next?
Summer has come and passed
The innocent can never last
wake me up when September ends
One time in
band business camp they told us that whenever your morality is questioned on the job, just imagine how you would feel having it blasted gossip girl-style all over the front pages of the WSJ.
On a related note, today I got asked by my boss and our legal counsel to delete some files off the drive and to hunt down all copies of those files held by ex-employees….oops, that’s a story for another time.
Details of a potential scandal aside, I actually opened New York Times to see our firm prominently featured – unfortunately it was because we are listed as going through a “strategic review”. In other words – worst case: firm gets bought, analysts get fired; best case: firm augments practice, analysts get fired.
Either way, it’s not the ideal situation for analysts because bad Feels come swarm around the office as senior bankers feel the pressure from losing jittery clients, middle level bankers feel the pressure to outperform their roles as they prepare for new potential bosses, and junior bankers in general don’t know whose asses to kiss. While this would be the time that the typical analyst has reached the point where mistakes are rare and learning can consist of more than powerpoint shortcuts. Unfortunately, our new analysts (aka all analysts other than me) are wondering if they should be looking into lateraling and/or whether its worth to work hard for an entity which not might exist for much longer.
I’m in full expiring contract mode. I’m in the unique position of knowing that I will leave this place in a couple months – not matter how the “strategic alternatives” turn out. So I’m forced to care about something that I have no incentives in – a state which unfortunately has been all too common these days, but that’s yet another story to be told later.
At this point, I just want to be left alone. Left alone to do my interview prep. Hey company executives with golden parachutes secured in the new contract, can you please do YOUR jobs before you tell me to do MY job? Sigh, just wake me up when this is all over.
See, you had a lot of moments / That didn’t last forever / Now you in this corner tryna put it together / How to love, how to love
If I could describe my first year in banking as a relationship, I would say it was like dating a crazy, beautiful girl. You go into it knowing that you’ll have to buckle up, that it’s not sustainable, and potentially bad for you. At the same time, I needed something like that in my life at that point, something to get immersed in, something to give you experiences that you wouldn’t get anywhere else, and something that you just have to experience at least once in your life. And at the end of the
day year, I will have learned something – if not the actual skills they wanted to teach me, at least the traits of I want from my next relationship job.
So as I embark on my no-sleep tour of 5 cities in 9 days soon, I’m finishing my end-of-first-year-in-banking-review by writing about finding a positive result come from a negative. Seeing what specifically bothers me about the banking culture has helped me figure out what is important in my next job.
What I’ve figured out is that it is almost not as important what we do, as how we do it. Namely, I don’t want to be someone’s bitch anymore. I’d like responsibility – but not in the way of, ‘I’m giving you responsibility, so if you fuck up, it’s all on you.” I like being given leeway to change the administrative aspects of our jobs but would like it to translate over to actual work products too. Structure is interesting – ideally, I’d like a bit more structure where it matters (overall firm vision) but less structure where it doesn’t matter as much (less micro-managing details).
So when people ask me, PE or VC or HF or something else, I don’t have a strict preference as long as I go somewhere where my creativity isn’t stifled and there’s more to a work product than whether it fits “what we’ve always done.”
Basically, just give me a beginning plus an end and I’ll figure out the middle parts on my own. The problem with the deadline-driven culture of banking is that the middle parts gets micromanaged more than the beginning and the ends.
The other thing I’ve learned from banking is how the soft skills fit in. The irony is that while liberal arts kids go to banking to learn finance and other “quantitative” skills, Wharton kids come out of banking having picked a lot more non-finance skills.
Whereas those kids’ advantages coming into work arose from walking through the crucible of technical questions, the more sustainable advantage come from knowing that there is more to finance than getting the balance sheet to balance (yes, there are strategic issues for m&a that isn’t explained away by “accretion”) and also having more time to devote to the soft skills since the hard skills are more or less conquered.
Being able to work with different personalities and within the constraints of a evolving, yet ever-domineering culture is an acquired skill in itself. Fortunately, stumbling into an extremely weird and hard-to-replicate situation here has prepared me well for whatever else comes at my next job.
Lightning don’t strike / The same place twice / When you and I said goodbye / I felt the angels cry
Looking backwards gets an unfairly bad rep. In reality, you can learn from your crappy experiences and your cool experiences can make you feel warm and fuzzy. It’s only the opportunity cost aspect of “living in the past” that is really damaging.
Since I’m a greedy and selfish person, I look at those warm and fuzzy experiences and of course the first thing that comes to mind is how do I replicate them for the future?
More specifically, I look at my 13 months here and wonder if I had to do it over again, how do I manage to get taken off the bad MD’s projects, get on the good side of the most vocal MD, and position myself to be the special teams player on the best projects? Additionally, how do I get all the little perks like being able to come in late and get away with tricking out my work laptop?
This line of thought becomes even more pressing when you feel your cache slipping away a bit. After all, this is a what-have-you-done-for-me-lately world.
So after realizing that you want the good times to come back, you might feel that you only have two choices – you can stay under the same spot and wait for the lightening to strike you again or you can run around attempting to hit by the same lightening strike in a different spot. (Don’t worry, the first method isn’t as stupid as it sounds.)
(By the way, this is a large reason why lots of people stay in this industry – too afraid to lose the cache that you have built and all of a sudden, wake up to find yourself as a 30-year-old VP still checking comps and changing colors in ppt).
I guess it’s a big part of growing up to be able to accept the fact that lightening
don’t doesn’t strike the same spot twice and also be able to move on to not chasing the same lightening strike in another spot. And to be honest, despite realizing all this, I don’t think I’ve fully been able to do that.
When I sit around not doing much (fun times in the office), it’s easy to think back to when I was jamming on high-importance projects or when I was still climbing up the curve and learning things. Your mind plays tricks on you like that – blocking out the crappy and only reminding you of the warm and fuzzy.