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"Traders" in my opinion are far different than deal makers and "consultants". Sure, they're maybe the top 10% of the people doing actual "thinking" and yes I a
by 71a54xd 5y ago
"Traders" in my opinion are far different than deal makers and "consultants". Sure, they're maybe the top 10% of the people doing actual "thinking" and yes I also find it interesting. However, a majority of what's going on is just delegation. Which actively incentivizes against being curious or solving problems.
The best example of this I've been given was a friend who asked an MD (someone making $1.5MM+ at BofA) whether they'd considered using outsourced tutors for their kids exam prep after spending days if not weeks complaining about quality of western exam prep / online instruction. The MD supposedly had never heard of it and brushed the idea off entirely.