Smoker
Registered: Jul 2006
Posts: 61 |
01-30-13 08:59 AM
Quote from DedicatedTrader:
After GS, I took a job at a smaller shop with roughly 500 employees. I ranked in the top 1% of producers there for the last two years I worked there.
What were you producing? Were you proprietary trading or in some kind of sales position?
Quote from chipmunk:
Portfolio manager: Salesman like figure. Relaxed, peoples person. Groomed and well dressed, Speaks well. Gets paid to chew fat and feed egos. Doesn't matter if the market goes up. down, sideways. He doesn't know a stock from a future, no T.A. or system studies from him. Gets paid a good wage whatever happens. Is relaxed and happy with life.
I have been in the business since 1982 and have never met this portfolio manager.
I have met a lot of guys that finished each day looking like they had been in a fist fight.
Quote from chipmunk:
Trader: Can't sleep at night from stress and worry. Has his system had its day, will the market gap up tomorrow? How will I pay my bills. Is constantly re-builiding his ssytem and kids himself the one winning streak wasn't luck. Scrapes bye but "is living the dream."
In today’s world this guy is more likely to be described as a great drinking buddy by night and spends his days working as an execution monkey for the portfolio manager who is running his version of the Black-Litterman model on his lap top while doing a line of coke to stay awake after being up all night playing the Heng Seng.
Just my two dirhams worth!
Cheers Smoker
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