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Nonius
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Nonius Unbound
Total Posts: 12787
Joined: Mar 2004
 
Posted: 2004-03-31 16:47
what to do?

Chiral is Tyler Durden

Patrik
Founding Member

Total Posts: 1359
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Posted: 2004-03-31 17:48

come up with a spectaculary successful trading strategy involving little manual intervention. then  quit your career and start to trade your own account to get food, shelter, etc and focus on the things in life you enjoy (surfing, climbing mountains or whatever you find more rewarding). if only I was smart enough to implement this myself in a foreseable future..


/Patrik

FDAXHunter
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Posted: 2004-03-31 19:08

Before we start giving advice, maybe you should tell us why you hate your career? I suspect I already know, but I'm making you tell me... hehehe.


The Figs Protocol.

Nonius
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Posted: 2004-04-01 13:16

ok, so, I am paid well.  Actually, considering what I actually do every day, I am raping the bank.  Fair enough.  But, I work for the French. Strike one.  I am not politically inclined. Strike two.  I hate and do not respect my immediate superior.  I normally do not kiss ass to, well, basically, anyone.  So, while they leave me along to tinker on highfalutin sheah in my office overlooking a cemetery, I want to put my stamp on the world, and these fuking pricks are not giving me the resources I need to accomplish it.  I am proficient in all of the  watered down mathematical constructs of finance, I can program, and I can bullshit with people over a beer like there is no tomorrow.  but, it is difficult to do all of these things by myself.  anyway, I am slightly negatively optimistic that this scheme will fly, but I am trying.  Plus, I am in France. Oh, I guess I alluded to that.


Chiral is Tyler Durden

LongTheta
The Snowman

Total Posts: 3150
Joined: Mar 2004
 
Posted: 2004-04-01 14:29

 


Time is on my side.

chiral3
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Total Posts: 5101
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Posted: 2004-04-01 17:44
I think that yours' is a particularly common problem for someone coming from the sciences into finance.  I find it to be almost manic depressive.  While I feel that for the most part I am restrained and not performing at anywhere near my potential and, despite the fact that all of my ideas have made money, I still woul'd say that, for the majority of the time, I am not elated about my station in life.  As I have said, it is manic depressive, but the highs don't turn out to be as high as the low's are low.

Nonius is Satoshi Nakamoto. 物の哀れ

kr
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Posted: 2004-04-01 17:46

see, for people who were born in the front office, compensation is so ridiculously fat that you could make 8 figures on some great trades or IB work in a reasonable amount of time.  I'd say $10MM is the minimum you need to start your own financeco, whether it be a hedgefund or some other dangerous thing.  With that amount of capital, you can credibly say that you're at risk, and then you can get other investors to roll in and build you up to a reasonable size.  Such people spend a lot more of their time networking and managing too, so it's a natural move.

if you're ex-risk mgmt or quant (or even "developer"), you can be a wicked mechanic in the shop and keep the racecar drivers alive all day long, but filling the warchest is much tougher.  So is building and managing the network.  It will be much easier to attack the corporate ladder and just do all this stuff internally. 

ultimately, I think you have to be comfortable spending most of your time doing relationship management and political levering.  It's an acquired taste for me.  But I haven't observed any other pathway around the bullshit, and if anyone has, I'd like to hear about it in detail.

 

 


my bank got pwnd

Nonius
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Posted: 2004-04-02 06:31
I think you are right about the required networking and coporate ladder manuevering.....what a fuking pain. 

Chiral is Tyler Durden

kr
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Posted: 2004-04-02 15:49
wouldn't be so bad but FO is overpopulated with dull and uninteresting people

my bank got pwnd

Beavis
The Excommunicated

Total Posts: 913
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Posted: 2004-05-08 08:13

It seems that sometimes networking isn't as important as most people think.  If you are confident and never take shit from anyone, while at the same time you are regarded as a good worker and keep your private life sealed, then it seems like people will place you a little higher than others in their minds.  You might be offered things other people have to ask for.  That's what I've observed anyway. 


NightCrawler


Total Posts: 4
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Posted: 2004-05-08 12:27

Seems like you need a prestateur.  Either that or you need to start doing some serious kung-fu. 

As I understand you need to leave the detailed maths behind and make the move into managment.  Get yourself somewhere a small team of junior quants to oversee and implement your evil plans of world domination. 

Not as easy as it sounds: 1. many quants don't want to stop doing quantish stuff

2. you need to manage well.  Otherwise your juniors will do as Nonius I hate and do not respect my immediate superior.  I normally do not kiss ass to, well, basically, anyone.  So, while they leave me along to tinker on highfalutin sheah in my office overlooking a cemetery, I want to put my stamp on the world, and these fuking pricks are not giving me the resources I need to accomplish it. 


Nonius
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Posted: 2004-05-12 15:46
you got a point....now, can we kill the NightCrawler?

Chiral is Tyler Durden

Crassus


Total Posts: 1194
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Posted: 2004-05-12 22:09

Geez dude.  I'm sure that your boss has got a few tickets however.   

My boss is just a freakin' crony with a BAC+2 in accounting.  He's masquerading as a big swingin' dick in development of financial apps.  I'm gonna take his job one of these days.

In fact when I think about it, I wanna take the whole company. 

Does anyone have any pointers in ruthless insider turf struggles?

 

 


Nonius
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Posted: 2004-05-13 07:42
How would you like GOB III as your boss?

Chiral is Tyler Durden

JabairuStork
Beat Box King

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Posted: 2004-05-14 02:43
My advice: you are F'd. I tried to put together a coup against my boss. It didn't work. I narrowly escaped having him find out what I was doing. Final score: we lost 2.5 people and he didn't blink an eye. People who are not very smart but are in positions of power get there for a reason. Such as, they are good friends with people who have even more power, and they are probably more cunning and ruthless than you are. Don't underestimate what the animal is capable of when cornered.

Crassus


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Posted: 2004-05-14 10:05
Good observation. However, everyone is susceptible to something. I reckon that GOBII could be turned into a crack-whore or a whore-whore. That should make him more complacant. You need to turn him into into a puppet... then you will become the master of puppets ... hahahahahah

Nonius
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Posted: 2004-05-14 13:00
Message: My advice: you are F'd. I tried to put together a coup against my boss. It didn't work. I narrowly escaped having him find out what I was doing. Final score: we lost 2.5 people and he didn't blink an eye. People who are not very smart but are in positions of power get there for a reason. Such as, they are good friends with people who have even more power, and they are probably more cunning and ruthless than you are. Don't underestimate what the animal is capable of when cornered.

 

dude, I am already fuked, but I'm in a fuking mood now.  I'm gonna fuk someone up reel good.


Chiral is Tyler Durden

Crassus


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Posted: 2004-05-14 13:12
crush your enemies, see them driven before you, and to hear the lamentations of the women!

FDAXHunter
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Posted: 2004-05-14 13:46

Guns... lots of guns.


The Figs Protocol.

Nonius
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Posted: 2004-05-14 14:44

someone told me recently that my voice mail voice sounds like Agent Smith....hehehehehee....

I want to Agent Smith someone.....

but, actually, I've agreed to spend another year and a half here....I guess life could be worse, but, I have a hankering for some french spankering.


Chiral is Tyler Durden

dgn2


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Posted: 2004-05-23 19:11

Nonius, I have felt the same way about my (albeit short) career thus far. Ultimately, I am not satisfied watching our status quo approach to revenue generation (which gets advertised as sophisticated within the institution) and trying to operate in a huge organization because the politics is just intolerable for me. If you can’t find the idea somewhere in a publication like Risk, our “sophisticated” FO quants know nothing about it. I too have ideas that I believe will generate opportunities for the dealer, but I am not prepared to spend ten years building the required political capital to get a chance to try them.  At this point, I am really young (26 years old) so I can afford to fall flat on my face. I decided that I would leave my current position as soon as I had enough capital to move out to the suburbs and set up my own tiny operation. This is clearly not the quickest way to riches and it is a lot riskier than working for the dealer, but ultimately, I think I am just better off. I would really just love to tell the organization as a whole to go FUCK itself, but I will just slip out and disappear most likely. I think complicated approaches don't scale well and such an approach is better off being employed at a smaller, more focused place.


...WARNING: I am an optimal f'er

LondonPete


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Posted: 2004-05-23 20:49
I once dealt with the US Secret Service DC office.  The dude I was dealing with would always answer the phone as Agent [name].

You might very well think that, I couldn't possibly comment.

LongTheta
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Posted: 2004-05-24 14:46

I had a transcendental experience this morning. A workman came to my place replace the door seal on my fridge. He showed up right on time (give or take 5 mins) and charged me the agreed price of $100.00. The job took him all of 40 minutes, and he said that that was extraordinarily too long and that it usually takes him less than 1/2 hour.

During these 40 mins, his phone rang at least 5 times with prospective customers seeking his services. He accepted one, and rejected the rest for various reasons: too out of the way, too busy, don't do this, don't do that.

He told me that MacDonald's, and only MacDonald's (no Hungry Jack's or any other chain) hires him for 2 solid working days per week. He said that he can get more than 10 jobs per day, every day of the week, weekends included if he wanted to.

He was a young man, not older than 30. He looked happy, relaxed, and was very polite and pleasant. He came in, did his job, took his money, and left. No hassle, no pain, no ego trips.

My transcendental experience started right after he left. What the fuck am I doing? and what the fuck for?


Time is on my side.

chiral3
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Posted: 2004-05-24 16:08

I have friends that bartend in the Hamptons for the summer.  They are relaxed, mostly intellectual, tanned and fit.  They work Thursday night, Friday and Saturday.  They make well over a grand each night culminating in over $35,000 tax-free dollars a summer.

Have another friend who owed a locksmith shop.  As a hobby he used to play with pinhole cameras when they first come out.  He incorporated a littel business, closed the locksmith shop, and now he does something he loves 4 days a week (if he chooses to) - spying.  He isn't very wealthy, but with his time and his money he has a 4 bedroom house w/ pool on the north shore of long island with a full recording studio downstairs.  Here is a pic of the control room

 

 


Nonius is Satoshi Nakamoto. 物の哀れ

monkeyA
Mr. Ass to you

Total Posts: 856
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Posted: 2004-05-24 16:08

in the UK its plumbers who currently are rumoured to make around £100k+ a year.

I have a 'how to be a plumber' guide on CD if anyone is interested...


If there was problem, Yo I'll solve it
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