I refer to myself as a jaded wall street worker. Part of the reason for this is all of the unsavory behavior going on with the likes of Bernie Madoff, Jerome Kerviel etc. What is actually true is that most people on wall street are honest and just want to get paid to do the right thing, but we get a bad rap for the scammers who invariably get attracted by the money on wall street.
Someone sent me a link to this little piece "A Parable On How Wall Street Works" on the blog An Investment Banker's Take On Life". What's not so funny is that a significant percentage of people on wall street would actually do this if they could!
Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts
Wednesday, December 23, 2009
Monday, December 21, 2009
Maybe Money(or Tax rate) is the only important factor?
Continuing my thoughts from the last post, I see this article explaining how bankers and investment managers are planning to move to Geneva from London because of its lower tax rate. Interesting how none of the other factors I had dwelt upon earlier were nowhere on the article's radar! On the other hand it did mention that availability of good schools was an important factor too (although I feel that most places will generally be able to provide this nowadays, albeit at a high cost).
Thursday, December 17, 2009
And so it begins...
This blog is about the life and reflections of a jaded Wall Streeter.
Jaded because wall street did not turn out to be what I thought it was when I decided to get into it. Jaded because like every other wall streeter, I spend a large part of the year thinking about my anticipated bonus, and the rest of the year in bitter disappointment that it wasn't even close to what I thought I should have got. Jaded because I feel trapped in this role with some sort of golden handcuffs that prevent me from trying something completely different that I might love. Jaded because I'm not really able to talk about these things openly with anyone else.
Hopefully this blog will help me articulate my thoughts and motivations, and through a fuller examination of my choices, lead me to the next stage of my career, whatever that may be.
Jaded because wall street did not turn out to be what I thought it was when I decided to get into it. Jaded because like every other wall streeter, I spend a large part of the year thinking about my anticipated bonus, and the rest of the year in bitter disappointment that it wasn't even close to what I thought I should have got. Jaded because I feel trapped in this role with some sort of golden handcuffs that prevent me from trying something completely different that I might love. Jaded because I'm not really able to talk about these things openly with anyone else.
Hopefully this blog will help me articulate my thoughts and motivations, and through a fuller examination of my choices, lead me to the next stage of my career, whatever that may be.
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