Someone with no experience in anything can say whatever he wants. The financial industry is fraught with risk and regulation and requires a whole different skill set to succeed. That is why the best minds are working in finance, and they reap the rewards. Easy to criticize them, but it is mostly jealousy because they know how to make money. Money is its own business. These guys have realized it. Rest think that money is something that is paid in return for something and spend their retirement years in resentment, pinching every penny. Others build their own tennis court and enjoy.
Video Of Some Points
- Thread starter tlm
- Start date
Someone with no experience in anything can say whatever he wants. The financial industry is fraught with risk and regulation and requires a whole different skill set to succeed. That is why the best minds are working in finance, and they reap the rewards. Easy to criticize them, but it is mostly jealousy because they know how to make money. Money is its own business. These guys have realized it. Rest think that money is something that is paid in return for something and spend their retirement years in resentment, pinching every penny. Others build their own tennis court and enjoy.
For what it's worth, I often wear short ankle socks on the Tennis court. The full length ones are often too tight and I hate that.
In fact the full length ones I have, I have cut their top elastic parts with scissors, just to make them looser and more comfortable. They now look horrible but feel much better.
I think I will peruse the Guys only thread in the Odds section to purge my mind of this image
navigator
Hall of Fame
I think the confusion lies with the word "bank." About the only thing that a merchant bank and a commercial bank have in common is the presence of the word "bank." A commercial bank invests in loans (debt) funded largely by deposits (and a sliver of equity). A merchant bank invests mostly in private equity funded largely by equity. The latter is considerably more risky than the former. Merchant banks don't get bailed out by the government; commercial banks (sometimes) do. My firm is a merchant bank. To your point, though, *working* - that is, being a senior executive - at a huge commercial bank in America is a fairly low risk way of making money because of the bailout factor. *Owning* the equity portion of a commercial bank is often a very risky way of making money - almost 600 commercial banks failed in the last downturn, and in another 500 cases investors lost almost all of their money. Hopefully that clarifies things a bit.
navigator
Hall of Fame
One view:
Another view:
And yet another view:
Apparently that exchange was like Rashomon... lots of different interpretations. The only thing not in dispute is that neither LeeD nor I have any issue whatsoever with the other... so, every time it's brought up is just another clear episode of trolling by the same two or three bitter posters.
Another view:
And yet another view:
Apparently that exchange was like Rashomon... lots of different interpretations. The only thing not in dispute is that neither LeeD nor I have any issue whatsoever with the other... so, every time it's brought up is just another clear episode of trolling by the same two or three bitter posters.
A
Attila_the_gorilla
Guest
No criticism at all, just thought LeeD was not too far off in his assessment. Finance is a pretty low-risk field, cos people are playing with other people's money. You can win big but can't lose much, due to the perks of limited liability. Your bank going bankrupt does not necessarily mean you lose any of your personal wealth. Dust yourself off and try again.
And it's a terribly boring field, but I'm glad people do it, otherwise I may have more cash flow issues.
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Dolgopolov85
G.O.A.T.
lol, finance is not low risk at all. It depends on what you do in finance. The larger point is being an entrepreneur is riskier than being on somebody's payroll, irrespective of how interesting the job profile may be. How interesting or boring the job profile appears to each one has nothing to do with the risk quotient.
cortexwarrior
New User
What is your experience other than trolling ttw? Maybe less ttw goating and more making money if you know so much about it. I don't think anyone of means needs an IT help desk person to defend their line of work. It is like the rabbit trying to defend the lion to the sheep.
A
Attila_the_gorilla
Guest
Obviously running your own business is what we're all talking about. I do the same thing, but I'm liable with my personal assets. Never been a fan of limited liability, it's a farce, but of course it's everywhere, not only in finance.
The boring work I just added cos it partly explains why more people don't do it.
I'm saying all this just to give some support to LeeD's notion that Navigator's low risk tennis must translate to other areas of his life. I'm a big believer that " The way you do anything is the way you do everything".
The boring work I just added cos it partly explains why more people don't do it.
I'm saying all this just to give some support to LeeD's notion that Navigator's low risk tennis must translate to other areas of his life. I'm a big believer that " The way you do anything is the way you do everything".
Dolgopolov85
G.O.A.T.
I'm a big believer that " The way you do anything is the way you do everything". - And it's an oversimplified notion. I like to serve-volley occasionally in singles and a lot in doubles because I have nothing to lose if it doesn't turn out right, just rec tennis. But in my salaried job, I have to be careful about not only what I do but what I say, lol, because I am representing a large company's interests and have to be more responsible in what positions I take. So, no, it doesn't work that way. Let me amend that: maybe it works that way for you but don't assume it's the same way for everyone.
cortexwarrior
New User
The use of a corporate structure has tons of advantages the least of which is tax liability for the owners. It is prudent to incorporate in some way to protect your assets.
A
Attila_the_gorilla
Guest
Well that's one of the many reasons why I don't work for others. I represent noone but myself in everything I do, including my business, my hobbies, passions, the food I eat, the women I see etc.
that discussion on grammar was good times.
Dolgopolov85
G.O.A.T.
Sure, but that's beside the point. The point is you can't judge a person's risk taking ability from just one facet of his life. I mean, it's a free world so nobody can stop you from doing so if you please but you are likely to be wrong a lot of the time about it.
WildVolley
Legend
People need to stop trolling navigator over an old and settled dispute with LeeD. Given that most of the people trolling also endlessly hassle LeeD, I think that we know they are trolling just to cause trouble.
Now, back to the important question of how nav would handle the heavy topspin of tlm. Would nav be able to approach and hit overheads against tlm's moonballs? That's how I'd play tlm.
Now, back to the important question of how nav would handle the heavy topspin of tlm. Would nav be able to approach and hit overheads against tlm's moonballs? That's how I'd play tlm.
And are you the worm in the rabbit's cr*p?
cortexwarrior
New User
I know it's hard to think of your own words to argue a point because you are used to dealing with Microsoft virus issues all day with old ladies but try a little harder. Sad you cannot even form your own ideas and words. If I ever need help with a spam email I'll call you. But in matters of substance or even just tennis I'll speak to others.
onehandbh
G.O.A.T.
Nope. It is a Limited Edition 95 square inch version of the PS85.
I created a thread for it, including a video showing what it looks like.
http://tt.tennis-warehouse.com/inde...ed-edition-midsize-95-17mm-beam-width.550111/
navigator
Hall of Fame
This description applies to almost every venture that reaches any meaningful size in any industry - not just banks or other financial services ventures. Unless you inherited wealth or are using funds earned from a previous venture, you have to use "other people's money" (OPM) to grow. Bill Gates, Steve Jobs, etc etc etc... they all used OPM... liberally. There are so many legitimate criticisms of banking and finance but this one is *mostly* (although not entirely) a red herring because it applies to virtually every industry.
It's a terribly boring field... to you. I agree that most rank-and-file finance work is pretty boring (I've been there). But once you reach the point that you're conceiving of and structuring transactions, it can be quite interesting. The problem is that like so many things in life you have to do the drudgery before you can run the show.
navigator
Hall of Fame
Respectfully disagree. Yes, there are many great minds in finance (this poster excluded, to be clear). But, in general terms, I suspect the *best* minds are in technology and the sciences. Finance tends to attract above-average minds interested in the game of resource accumulation; very few of these folks are going to meaningfully change society for the better through their day-to-day jobs. They may, however, have the opportunity to do so through philanthropy.
[I edited that last bit.]
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My friend works for a hedge fund company most of whose employees are PhDs in math and physics and ex-academics so I am a bit biased.
Tennisanity
Legend
No socks is one of those guys that won the office football pool and actually believes his skill in picking teams was a contributory factor.
navigator
Hall of Fame
Certainly lots of those folks out there in absolute numbers, but as a percentage of the entire industry they represent a very small minority.
navigator
Hall of Fame
Wrong... I've been incredibly lucky... as I've mentioned several times previously.
Tennisanity
Legend
Wrong... I've been incredibly lucky... as I've mentioned several times previously.
Yes, easy to post that. But to actually believe it is another thing.
cortexwarrior
New User
Why are you even harassing Navigator? Nothing wrong with making money however you do it. The more you have the better. The more you have the better you are able to help the fellow man.
cortexwarrior
New User
LOL. I have math phds working for me as well but they are not the smartest by far. Sure they can "math" circles around me but it just so happens I pay their salaries. Who is smarter?
Tennisanity
Legend
Really? Is it okay to make money being a hitman?
mightyrick
Legend
Wrong... I've been incredibly lucky... as I've mentioned several times previously.
If you put these guys on your ignore list, it immediately starts to get better. If enough people do it, they are pretty much only talking to each other. Which is the ideal situation.
I think you are as smart as archie
You are trolling again
You got reported the third time in last three days
Spin Doctor
Professional
How is merchant banking different from being a venture capitalist?
Spin Doctor
Professional
It's gone beyond trolling. Imo, this is harassment and creepy online stalking. When you're going through another posters' posting history, dredging up their old posts, noticing their clothing choices, obsessing over certain posters, constantly making only negative comments about people's playing ability etc....well:
THERE IS SOMETHING WRONG WITH YOU. STEP AWAY FROM THE COMPUTER AND GET A LIFE. MAYBE SEEK MENTAL HEALTH ADVICE WHILE YOU'RE AT IT.
Honestly I think these people have some serious issues in their life or have personality disorders. One of the reasons I don't give any personal information on this site.
mightyrick
Legend
That's why I keep telling people to put these guys on their ignore lists. If four or five of us put them on our ignore lists, we actually collectively improve the quality of the forum for others who have nobody on their ignore lists. Yes, the trolls are a problem. But the real problem is that the trolls are responded to and those responses are visible to others.
If they aren't going to be banned outright, the next best thing is to put them on several ignore lists
You don't even know what the post was about. It is just too coincidental that a certain someone new will immediately go on the attack and then brag about bright people working for him, just like a previous poster. His footprints are unmistakeable. You won't understand these nuances.
heninfan99
Talk Tennis Guru
you might be thinking of quants.
I am
Power Player
Bionic Poster
You have zero idea of what you are talking about here, but it's hilarious to read anyway.
KineticChain
Hall of Fame
now this is-a spicy thread-a
Julian doesn't understand the undercurrents of this forum. He takes everything literally. He tries to be humorous at times, but he cannot understand humor from anybody else. Like he posted something about adding a 0 in the Border thread. I think it is meant to be sarcastic/funny.
It is very simple
Trolling may produce ban of a user
It kind of closing the conversation
tlm
G.O.A.T.
I suggest everyone just relax. There might be a few posts that are getting a little carried away but nothing that has been that bad. To some that will threaten I am going to report you to the mods please grow up, a little banter here and there is not a big deal.
Were some of you tattle tales like that your entire life? Because unless there is something way out of line just let it go or use your ignore option.
Were some of you tattle tales like that your entire life? Because unless there is something way out of line just let it go or use your ignore option.
D
Deleted member 120290
Guest
It's time for tlm to post another vid before this thread goes way off track...preferably one vs Slick Rick, Cheetah, Nav, LeeD, Sureshs, Shroud, Comeback, etc.
Power Player
Bionic Poster
Power Player
Bionic Poster
The Sureshian trophy pose is being taught in multiple world renowned tennis schools, including the Bolletieri Academy, where the Serve Dr. not only preaches about the Poobs, but dresses in the same puke green attire.
