Originally posted by AtW
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Previously on "Ok. So who's actually worked in investment banking?"
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Originally posted by AtW View PostI did some IB work back in Russia - back in 1998. The Govt defaulted on its bonds, currency dropped 4 times in matter of weeks, banks folded etc. That's when I figured - f*** that s*** and went back to UK and stayed here ever since. The lesson I learnt was that if you want to gamble (I don't) then go to casino.
HTH
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Originally posted by Dow Jones View PostAtW will never make any money out of it.
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I've had 5 contracts with IB's so far. In Front/Middle Office upgrades and new web projects I had to sit with traders who seemed to be getting younger and more arrogant as the years went by. Nevertheless, most were pretty good at their jobs and as good as gold in the pubs and bars outside work. One thing that I've learnt from them is that no matter how much you know or learnt through college or experience, it won't help you when dealing with the ups or downs of the markets, otherwise, if you can't make decisions in an instant, you won't get the deals. A lot is based on hunches not logic and there is a definite herd mentality which explains a lot. Hence buying and selling is not for the faint hearted or self-opinionated, so eg AtW will never make any money out of it.
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Originally posted by bogeyman View PostYeah sorry, forgot the 'humourless dolt' option.
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Originally posted by Peoplesoft bloke View PostNever worked in IB but don't need to in order to have a rough idea what shorting etc is - NB I have not extrapolated this into me thinking I am George Soros. There is no poll option for me.
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Did some technical risk stuff last year. Learnt a lot from the people in the various business units.
Of course, now I'm broke after taking their advice...
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Never worked in IB but don't need to in order to have a rough idea what shorting etc is - NB I have not extrapolated this into me thinking I am George Soros. There is no poll option for me.
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Originally posted by BrilloPad View PostNo! Tell us or you will be put in a cell with Mr Big!
Send AtW in too and we can PARTY
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