[original post removed]
bostonkev Wrote: ------------------------------------------------------- > numi Wrote: > -------------------------------------------------- > ----- > > bostonkev wrote: > > > -------------------------------------------------- > > > ----- > > > > > BTW, why don’t you go pass Level 2 CFA? > > > > Isn’t that obvious? It’s because I don’t need > it. > > And that was my point. It’s not the same. I recognized that the CFA wasn’t important for the field I wanted to get into, and when I had the opportunity to interview for private equity and also start independent coverage on the sell-side, those two things clearly took precedence over an exam. Not putting much significance on the CFA exam was the correct personal decision given my goals, and had absolutely nothing to do with where I graduated from college. If I went to a lesser school and had the same career opportunities, I would have made the same decision. The fact is, I understood this industry well enough to know what was important to my career objectives, and I dedicated my time accordingly. I knew what I needed to do in order to get to my current role, and I executed and delivered on that plan.
>It’s scary that you claim to be a fund of funds manager and you don’t recognize this risk. It’s scary that you’re a CFA candidate and don’t understand the concept of data mining bias.
farley013 Wrote: ------------------------------------------------------- > You sound less and less educated with every post. > Then again maybe that’s your goal. I have a degree in History and speak three languages. But yes you are probably right. I still have a lot to learn.
That and $3.50 will buy you a cappucino at Starbucks. Congratulations.
farley013 Wrote: ------------------------------------------------------- > >It’s scary that you claim to be a fund of funds > manager and you don’t recognize this risk. > > It’s scary that you’re a CFA candidate and don’t > understand the concept of data mining bias. Data mining has nothing to do with it. All I am saying is that one’s character matters as much or more than pedigree, and that pedigree often causes a sense of entitlement that goes hand in hand with greed and a deterioration in character.
Right. How do you say “get a clue” in Russian?
Farley, if you’re some super successful FoF manager with a decade of experience and all the money in the world then why are you posting on analystforum all day long? Don’t you have anything better to do?
MPT give me some popcorn…
but theres jus so much more to gettin good returns than being from a good skool!! buffett has said temprament (i agree) is the most important…i really dont think a good skool can do something bout that… top of my head most of the good investors that i can think of dint really go to the best skools, they had really good mentors or were/are really hungry e.g. seth klarmen went to harvard but has said he learned most of it from max kline and micheal price… dis: my post has nuttin to do with the b vs n debate, but to do with farley vs. danteshek debate, im with danteshek
Since simple logic (and spelling) doesn’t seem to be your or dankeshane’s forte, let me spell it out for you: hedge fund managers do not get ruled in for going to good schools, they get ruled out for going to mediocre ones. All other things being equal, if you present me with two portfolio managers with identical strategies, capabilities, and returns, and one of them went to Harvard and the other went to your school, it’s a no brainer which one I go with. Both of them have proven to be equally good at their jobs but one of them has also proven to have excelled in an academic environment from an early age. Pedigree is not the first nor the last qualification I look at when evaluating an investment. The fact that people like you don’t understand the subtlety is why I get paid as much as I do to do my job while you work 80 hour weeks and wonder why you can never get ahead in life.
I work 35 hours a week…
This is a stupid thread.
And I feel stupid participating in it, but I have a weakness for feeling the need to put ignorant people in their place. That is my achilles heel.
Here’s another twist to the original post (pages 1-3)… I think it’s interesting…but you could think otherwise. What happens if we use all the same arguments in (pages 1-3) but map in the following way: 1. brand name institutions -> physicists/mathematicians/engineers 2. state schools -> every other field …and ask…if you were to pick from a single person from either of these two groups…which one would you say is smarter? [before I get flamed (more, lol), let it be noted that I argued a pretty nuanced argument…actually, not nuanced, obvious argument that you can speak in generalities, but making a comment about one person from each group is hard to do…] Hopefully this different mapping will allow numi, ahehbone, and farley013 to see where I’m coming from.
I think it comes down to this: it’s people that succeed, not the brand names. While brand names can do a whole lot, what comes down to is the individuals. Brand names won’t propel you to where you want to go, it is you that walk yourself to where you want to go. It’s just that in some cases/industries, names matter. A bum with a wooden stick can beat up a knight with golden swords, but the vice versa can happen. (-1)^2 = 1 and so does (1)^2 = 1.
Depends how you define “smarter.” I consider someone like Jerry Seinfeld who can come up with funny jokes on the fly and create an award-winning show to be smart, but I wouldn’t let him anywhere my body if I was sick, and not just because I’m straight. On the other hand doctors are also smart but I don’t think I would find most doctors funny.
>Brand names won’t propel you to where you want to go I never argued against this. Brand names won’t necessarily propel you to where you want to go, but they are a validation of where you’ve been.
farley013 Wrote: ------------------------------------------------------- > Depends how you define “smarter.” I consider > someone like Jerry Seinfeld who can come up with > funny jokes on the fly and create an award-winning > show to be smart, but I wouldn’t let him anywhere > my body if I was sick, and not just because I’m > straight. On the other hand doctors are also smart > but I don’t think I would find most doctors funny. OK, maybe not smarter, but more capable. In your mind all the myriad types of smarts, capabilities, abilities, drive, ambition are conflated into “ivy league.” If I were to invest, I would not invest in you as a FoF manager because you think this way and you post so much on AnalystForum, lol.
100th post on this thread…lol.