SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
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farmer
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 2:09 pm

The inclination of some of you people to move to Manhattan and get a job is based on several fallacies. The main one is that you are particularly gifted.But suppose I were to not remove, but simply cut down by 99% the chance that you will do anything exceptional? A rational analysis will show that you can work much less, and have a better lifestyle, taking almost any other path.Suppose I were to point to a starving artist, and say that will be you? You are getting into finance for one reason: money. But you are lacking statistics both on yourself, and the real-world of experience of people in your position. How your individual gifts and flaws will interact with the state of any business at a particular moment would be unknown even if you had broad general statistics. But you do not have these broad statistics. And the statistics you have, you have nothing to compare to. What if a smart person started out as a manager of McDonalds? What if a smart person worked as a ski instructor? Why not admit the possibility that your imagined gifts could carry you even further starting out anywhere? There is only a small proportion of quant types in the Forbes richest. Maybe retail is a smarter choice.So here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.Then when tax time comes, you will not be a W2 employee so you can lie and say I didn't make any money. You will work maybe 8 or 10 hours a week instead of 70, and your mind will be your own. You will be free and have fun and do the things people do. And if you think that sounds hard to succeed at, then admit you are taking the safe and easy path because your low qualifications and life skills.
 
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Anthis
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Joined: October 22nd, 2001, 10:06 am

let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 3:00 pm

A hustler? Who has the required credentials here?
 
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lexington
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 4:58 pm

QuoteOriginally posted by: farmerSo here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.American citizens can do this. But what about immigrants who come here to do MFE?
 
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KackToodles
Posts: 4100
Joined: August 28th, 2005, 10:46 pm

let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 5:05 pm

QuoteOriginally posted by: lexingtonQuoteOriginally posted by: farmerSo here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.American citizens can do this. But what about immigrants who come here to do MFE? you screw back in your home country and part invest in a restaurant in your home country.
 
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farmer
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Posts: 13462
Joined: December 16th, 2002, 7:09 am

let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 5:36 pm

QuoteOriginally posted by: lexingtonAmerican citizens can do this. But what about immigrants who come here to do MFE?Hmm, reminds me when I lived in the Bahamas. Haitians did all the actual work. That place was a ripoff for American tourists, and no income tax, so plenty of young millionaires. So maybe we can use you in the US like our Haitians.I say... work work work! But seriously, there is plenty of opportunity for a foreign guy to hustle in the US. Move to Los Angelese and sell marijuana. It has been decriminalized for under an ounce.Here is another idea. Go into the most densely zoned residential part of LA, and build a bunch of tax-return residences. This is basically a mailing address with a sink, which enables whoever rents it to deduct 100% of his actual residence as an office. So if you can produce these for $200 a month rent, and the average person pays $3500 a month in rent, he can now take the other $1750 as a business expense. If the taxes he was going to pay on the $1750 is greater than the $200 a month rent for the "residence" he saves money.You send a bunch of these singer-dancer-actress girls from Topeka around during tax season, everyone will sign a lease.
 
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mrmister
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 9:34 pm

QuoteOriginally posted by: lexingtonQuoteOriginally posted by: farmerSo here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.American citizens can do this. But what about immigrants who come here to do MFE?International students take a hefty education loan to get an MFE, and in this current hiring scenario, I have no idea how the unemployed MFEs are going to pay back their loan.
 
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Anthis
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Joined: October 22nd, 2001, 10:06 am

let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 9:38 pm

QuoteOriginally posted by: mrmisterQuoteOriginally posted by: lexingtonQuoteOriginally posted by: farmerSo here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.American citizens can do this. But what about immigrants who come here to do MFE?International students take a hefty education loan to get an MFE, and in this current hiring scenario, I have no idea how the unemployed MFEs are going to pay back their loan.They go back home, and send their greetings to the bank...or maybe hire a lawyer to sue the university...
 
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mrmister
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 9:49 pm

QuoteOriginally posted by: AnthisQuoteOriginally posted by: mrmisterQuoteOriginally posted by: lexingtonQuoteOriginally posted by: farmerSo here is what you do. Move to LA and become a hustler, a porn promoter, a mortgage-assistance applicant, a street-team manager, and a part investor in a restaurant. Then apply for all types of grants, and live in a college neighborhood so you can keep screwing college girls for cheap.American citizens can do this. But what about immigrants who come here to do MFE?International students take a hefty education loan to get an MFE, and in this current hiring scenario, I have no idea how the unemployed MFEs are going to pay back their loan.They go back home, and send their greetings to the bank...or maybe hire a lawyer to sue the university...A student interviewed with us not so long ago and was asked what he would do if he cannot get a job in the US. He told that his debt was collateralized and all of his education about the debt markets did not show him how he could walk away from that. I think an educational loan is immune from even a bankruptcy.
 
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Anthis
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 10:17 pm

Collaterallized to what? His degree? His life? what?
 
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mrmister
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let me give you young people a tip about work: it's not worth it

October 2nd, 2010, 10:24 pm

QuoteOriginally posted by: AnthisCollaterallized to what? His degree? His life? what?House back home, apparently.
 
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albertmills
Posts: 380
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let me give you young people a tip about work: it's not worth it

October 3rd, 2010, 2:56 am

QuoteOriginally posted by: farmerThe inclination of some of you people to move to Manhattan and get a job is based on several fallacies. The main one is that you are particularly gifted.I don't think most people who want to move to new york and work in finance think they are particularly gifted. rather they realize they are ordinary, see a million seemingly ordinary joes making big bucks, and figure if one fool can do it, so can i. if anyone thought they were particularly gifted and interested in money they would try to be the next gates or buffet. the extraordinary lead, they don't follow the herd.
Last edited by albertmills on October 2nd, 2010, 10:00 pm, edited 1 time in total.
 
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lexington
Posts: 321
Joined: November 16th, 2008, 5:04 am

let me give you young people a tip about work: it's not worth it

October 3rd, 2010, 8:50 am

QuoteOriginally posted by: albertmillsQuoteOriginally posted by: farmerThe inclination of some of you people to move to Manhattan and get a job is based on several fallacies. The main one is that you are particularly gifted.I don't think most people who want to move to new york and work in finance think they are particularly gifted. rather they realize they are ordinary, see a million seemingly ordinary joes making big bucks, and figure if one fool can do it, so can i. if anyone thought they were particularly gifted and interested in money they would try to be the next gates or buffet. the extraordinary lead, they don't follow the herd.another reason is there are no jobs in engineering or software. it is easier to find a job in NYC than in Silicon Valley particularly for ordinary joes.
 
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mynetself
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Joined: March 27th, 2010, 6:40 pm

let me give you young people a tip about work: it's not worth it

October 3rd, 2010, 9:22 am

Farmer -> Why would you want to take my delusion from me? Isn't my delusion that really keeps me going? Isn't that the same delusion that makes a young Gates start working on his own idea, (irrationally) convinced and deluded that he can make the big bucks in a world where mega corporations do nothing but think of ways on how to take those big bucks from him and others like him, that eventually makes him become the next older Gates? (Clearly, you don't get to hear about those that do not succeed and then attach the word "extraordinary" to the few that make it.) The moment I'll stop dreaming and become convinced that I'm nothing but an average chump is the moment when life will not be worth living anymore. I think that at every stage, whatever you do, things are against you. Not in a "life sucks, everything sucks" pessimistic kinda way, but in a *purely rational* sense. Wanna get a good job? Why you? There's tons of candidates out there and at least one is almost bound to better than you. Want a hot pice of ass as a girlfriend? The really hot chicks are already hanging out with rich guys. Wanna get in shape? You'll have to workout HARD to obtain real results. In fact, harder that you've ever had, and it WILL be a pain. You're Usain Bolt, the fastest man EVER, and wanna run the 100m in 9.40? Cummon, stop dreaming and get real. What are you saying? The Terminator is the governor of California? HA HA HA... Sure. And now you're gonna tell me that a black guy is president of the USA. That's a good one. Don't know if this should be the best joke ever.Why would you want to strip me of my delusions? What is the point of this post anyway? Are you trying to tell everyone that you are a chump and that you've seen many people worse than you in finance and so they are chumps as well? Or what? I'm suspecting it must kinda suck to be you...
 
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farmer
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Posts: 13462
Joined: December 16th, 2002, 7:09 am

let me give you young people a tip about work: it's not worth it

October 3rd, 2010, 10:23 am

QuoteOriginally posted by: mynetselfWhat is the point of this post anyway? Are you trying to tell everyone that you are a chump and that you've seen many people worse than you in finance and so they are chumps as well? Or what? I'm suspecting it must kinda suck to be you...The point is there are so many people in the US who don't work. And you people who do work are working very hard to subsidize them. I am one of the people who does not work. It is very easy and lots of fun. And you are paying my mortgage.
 
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KackToodles
Posts: 4100
Joined: August 28th, 2005, 10:46 pm

let me give you young people a tip about work: it's not worth it

October 3rd, 2010, 6:11 pm

If you have a chance to not work, TAKE IT. If you seek to make work your life, you are a fool.
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