So you had this drive and you wanted to be to start, you know, on the markets. But even with that drive and understand it was difficult to actually get your first job right. You know, you had your first job as Sean felt, but it was not that easy to get the first. Well before that, yeah, it was very difficult. So I had all these different sales jobs and so I felt that I had good. Kind of perseverance to. You know, grind things out and figure them out. But I didn't really have any direct, you know, finance experience and so. When I was 18, I learned you could apply for a stockbroker license at 18, which, you know, I didn't know about it. And so I thought that was a good opportunity because it kind of mixed sales, which is basically what being a stockbroker at the time was with, you know, finance, right? So I thought I could learn the investing side of it and apply my sales skills. So that was really the first job while I was still attending school at Loyola and did that. But it it did prove out to be much more sales than than finance. And so I started. Investing, you know, my own earnings from that, from the sales side of it, which I was good at, into just investing for myself, which that was not good at. And so I was losing all the all the earnings I was making in commissions from trading for myself. But I was much more interested in trading than sales longer term. And I thought if I could get some instruction I could. Could figure it out because I really had a passion for it and. So I applied to every, you know, financial trading type of organization I could find. And, you know, all the hedge funds that were around at the time, which wasn't, you know, nearly as many proprietary trading firms. And, you know, I got nice rejection letters from, from, you know, a whole box of, of many of them. And, and then Sean felt like got very lucky with because they ran a newspaper ad amazingly at the time for wannabe traders. And they were looking for folks who didn't have a lot of experience, who didn't have a lot of preconceived notions that they knew what worked in the markets. So like amazing, I qualify because I have no idea what what's work has. Clearly what I'm doing is not working and so I got the. The position, but it was also an interesting position because there is no compensation. It was all base of 0, right. And so you had, but they did provide you a small amount of funds to trade and then if you showed that you could generate some returns and those funds then your capital will grow and you know you could, you could make money and then the first year doing that. You know, again, demonstrate I didn't know what I was doing and had, you know, no PNL to show for it. And so you're trying to do that with no earnings. Yeah. But after that, there were enough people to learn from who had some success. And I started picking up a little bit of this, a little bit of that, and systematizing a little bit more in approach and then started, you know, making money consistently after that.
😰 𝗔 𝗗𝗲𝗰𝗮𝗱𝗲 𝗼𝗳 𝗣𝗮𝗶𝗻 🩸
I’m thrilled to share that I was recently featured on the Athena Intelligence podcast, where I had the incredible opportunity to discuss my trading journey! 🎙️✨ In this episode, I dive into my experiences, challenges, and key learnings that have shaped my path in the trading world.
👉 𝗟𝗶𝘀𝘁𝗲𝗻 𝗻𝗼𝘄: https://lnkd.in/ebGekg2j
From my early beginnings to the strategies that have brought me success, I share insights and stories that I hope will inspire and inform both new and seasoned traders. Don’t miss out on this candid conversation about the highs and lows of trading. 🎧
Feel free to share your thoughts and key takeaways in the comments below.
The latest Firetrail Investments Equity Edge podcast is out now!
We speak to Firetrail's Portfolio Managers and Analysts to give you deep insights into the companies we invest in. This episode focuses on Aussie small cap gold miner, Genesis Minerals
The 8 minute conversation with Matthew Fist and Chris Robinson, CFA is available on Apple, Spotify, or the platform of your choice.
#investwithconviction#smallcaps
"𝗧𝗮𝗸𝗲 𝗮 𝘀𝘁𝗲𝗽 𝗯𝗮𝗰𝗸 & 𝗱𝗲𝗳𝗶𝗻𝗲 𝘄𝗵𝗮𝘁 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝗹𝗼𝗼𝗸𝘀 𝗹𝗶𝗸𝗲 𝘁𝗼 𝘆𝗼𝘂. 𝗘𝗻𝘀𝘂𝗿𝗲 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂𝗿 𝗱𝗮𝗶𝗹𝘆 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝗮𝗹𝗶𝗴𝗻 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗴𝗼𝗮𝗹𝘀 & 𝗮𝘀𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻𝘀, 𝘀𝗼 𝘆𝗼𝘂'𝗿𝗲 𝗻𝗼𝘁 𝗷𝘂𝘀𝘁 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗮 𝗰𝗮𝗿𝗲𝗲𝗿 𝗯𝘂𝘁 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗹𝗶𝗳𝗲 𝘆𝗼𝘂 𝗹𝗼𝘃𝗲."
Shoutout to Tech Shift F9 podcast & Maurizio Raffone for the insightful session with (KVP) Kay Van-Petersen, who discussed his journey from humble beginnings in finance.🎙✨
A few highlights from the interview:
➡ Anyone who's coming into the industry should understand the cyclical nature of finance & how the timing of entering the industry can significantly impact one’s career, as well as life trajectory, e.g. entering the market during a bull phase (post-2009 to 2021) often means encountering continuous growth & opportunities, while entering during a downturn (2007-2008, 2022-2023) can present substantial challenges & starting off with 2 or 3 wheels of an otherwise 4 wheel vehicle 📈📉
➡ The deep-rooted frustration the new generation holds toward the traditional financial system, is that societal trust has been broken.
"It seems irrational & dumb to put money into tokens like Dogecoin or Shiba Inu, but it's a big middle finger to the establishment. It's about participating in a digital tribe & having a stake in something" 💸🐕🚀
➡ Pascal's Wager posits that in the absence of definitive proof, the rational choice is to believe in God because the potential gains (eternal happiness) far outweigh the finite costs. It can serve as a decision-making framework for investing in crypto - "If you can't get comfortable being long, would you short it?"
• For context: Back in 2012, the crypto market was nascent & fraught with uncertainty. Yet, the potential for massive growth presented an opportunity that outweighed the risks of losing the initial investment
➡ KVP believes that above all, the primary asset in any professional endeavor is oneself, your the asset!
"If you're not sleeping right, if you're not training, if you're not eating right, you are basically not setting up your best asset, yourself, up for success" 🧘♂🥗💪
• Investing in personal health & well-being has a multiplier effect on professional performance & living in general. Quality > Quantity
• It's crucial to find what works best for each individual. Personal preferences & needs should guide the creation of a balanced routine + discipline, ensuring sustainability & effectiveness
Listen to the full interview:
Spotify: https://lnkd.in/gFq7tj33
Apple: https://lnkd.in/gt2eMEHg
YouTube: https://lnkd.in/gxUK4GYp
Amazon: https://lnkd.in/guU3Fudd
Google: https://lnkd.in/g5Xw-aqH
Soundcloud: https://lnkd.in/gWWyfzS3
Namaste,
🙏 KVP
Founder & CEO Argometrix | Host of Amazon Legends | Helping business owners and thought leaders start and grow a podcast, creating a platform for authentically acquiring customers.
Great to have Hiren Ved back on #paisavaisa, this time in our studio. On this episode, Hiren puts the small/mid cap rally in perspective in terms of profits and valuations - small/mid companies have reported a sharper surge in profits in the past few years, as compared to large companies. Hiren also talks about how history tells us that bullish markets can last a while more than people expect. IVM Podcastshttps://lnkd.in/dGp69tn5
🙏 Ingrid Robeyns for sharing. Excellent podcast, esp. your point on 'regulative ideal'. Here are 3 thoughts to supplement:
1. Wages as a distributive function. Apart from the highly debatable issue of commensurate remunerations, billionaires are not made rich merely by their wages, but rather their stake/ownership of asset(s) that generate wealth. Consider the case of $0 or $1 CEO salaries. What makes them worth billions are certainly not their wages but the mkt cap of their company's stock. As for liquidity options to fund their lifestyle needs, they either draw a taxable dividend, or they borrow against these assets in what is known as the 'Buy, Borrow, Die Strategy', conveniently avoiding tax to a large degree. While these are an open secret at least amongst the rich, as a VC, Nick should be well aware that wages certainly does not work as a distributive function in the manner he claims: 'If you want true opportunity, then it turns out that wages are the way in which we distribute opportunity in most societies & if ppl don't have any, they can't flourish.'
2. Your proposal on 'what happens before you're 18'. Perhaps you may already know of the posthumous work of Lynn Stout (2019), published by co-authors Sergio Gramitto & Tamara Belinfanti: 'Citizen Capitalism: How A Universal Fund Can Provide Influence and Income to All'. She proposes a universal fund where citizens who turn 18 shall receive a share. Much like your motivation, Stout's proposal aims to address reducing inequality, along w/ collective voting rights in shaping corporate governance w/o necessitating gov. interventions. It aligns well w/ your notion of levelling the playing field via redistribution. Moreover, taxed inheritance could be directed to these funds w/ voting steering investments, rather than be appropriated by the gov. to then fund, say, 'guns, germs, & steel'.
3. On Nick's idea of linking wages at the bottom to wages at the top. Fancy linking min. wage w/ a $1 CEO wage? The case of E. Musk is even quite the opposite: under CA law he had to take a min. wage rather than be paid $1/$0. If one gets the 1st point, it is not hard to grasp how such a proposal would not only fail but have an opposite effect. I'm sure Nick intends well, though he is surely also aware that income (& not net worth or wage) transparency at the top is a highly opaque matter. The practicalities of even knowing what the rich draw is so impenetrable that it would render the idea impossible. And as for those who borrow against their assets, how would one even peg this w/ min. wage?
Lastly, though I critique Nick, this is in the salutary spirit of engaged discussion. The podcast is an exemplar of how such challenging potentially provocative topics should be conducted. All parties were respectful, listened to, & engaged each other w/ utmost generous demeanour. It sets an example against the talking-over polarizations often found elsewhere in American media. Well deserved Kudos 👏 here!
The billionaire venture capitalist Nick Hanauer interviewed me for his podcast Pitchfork Economics. We agreed about a lot, but not about everything. https://lnkd.in/eVFAZ8N8
Was super fun recording this podcast with Kunal Shah!
Was a freewheeling chat - on investing, my career and more
How I developed my process of #investing..
My investing mistakes
How to apply Industry Analysis in Investing..
Long chat!
But do watch atleast a bit if you find this useful.
And do share with your friends if you find this worth your time!
Watch here: https://lnkd.in/dyw3TTaG
And please do share your feedback
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I help people build a career in #valuation and #investmentbanking
Follow me (Peeyush) and do go through some of my earlier posts.
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