Thread: Big money
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Old 11-17-2003, 01:17 AM
Rudey Rudey is offline
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Join Date: May 2001
Location: Taking lessons at Cobra Kai Karate!
Posts: 14,928
Re: Re: Re: Re: Big money

Quote:
Originally posted by KEPike
Then how do you find so much time to post on GC?
I don't really care too much to argue with anyone on here. Yeah I have a big ego. But I say that with confidence. I admit to every wrong and every fault I have. But that's what makes me confident...knowing what is wrong with me on top of what isn't. That is why I'm not pursuing the girl who responded to this thread earlier. I know where I am, and that's all I care about.

I didn't create this thread to fight with people. You all want to do that then fine. Do it. I honestly created this because I want people out there to understand what these fields are like. I won't lie, the majority of it is about money. I love it. I don't care how others feel but that's how I feel. I bet you that if I told you that you could make 20K next year being a runner for a market maker on the floor and do all the small things, get yelled at, and more...you'd do it. Why? Because you're guaranteed a total comp package of 80K the following year and unless you really are one stupid idiot who got the job because his brother owns the firm, you won't deviate too much from that.

Anyway, why did I go into banking? Because I wanted to see how companies worked. I wanted to know every damn detail on how they are valued, their debt structures, who runs them, why they make those decision, why they do well and more. I tried consulting. I loved the challenge but it still didn't show me how the company worked. When you understand those details you really start to see things differently. It's not about math. I can do math, but if it was based on math, they'd have outsourced my job to India where there are a ton of unemployed PhD's in mathematics. So I got to see how these companies worked, what the economy is based on and I got placed into an amazing group in public finance. Those bridges, airports, roads, schools everything you see out there are financed through underwriters like my firm. When I go to Virginia to meet with a client I know that the bonds I created built the schools that kids for the next 50 years will be sitting in. I see my results. And within public finance, there is an aspect of politics. At my level I don't get to hobnob it with all the top people, but I at least see them and know when I'm qualified I'll be talking into their ears about municipal finance. ie I don't play with numbers all day...those are bean counting accountants. I help put together deals. Without people like me your roads, schools, bridges, would never get built.

So why do I have so much time to post on GC? Part of it is because I'm stupid. I admit my faults. This thing is addictive and as I came on here because of that. The other aspect is that when you work 80 hours a week you need to pace yourself. I don't want to be a burnout. I love my work and if that means I have to stay 82 hours a week to enjoy other things I will. Answer the question? I didn't want to sound too offensive so I hope if you care about these jobs, you'll learn something from what I posted or ask more.

-Rudey
--Take care.
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