Saturday, 24 August 2013

Wall Street Oasis - Investment Banking & Finance Community: How diversified is your life?

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play. 
How diversified is your life?
Aug 24th 2013, 23:30, by Hayek

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Reaching for that golden ring of career success, as most of the monkeys here are trying to do, can have significant costs. Some are obvious: preparing for interviews, networking, and getting top grades in college take time away from drinking and fornicating. And once you start working, you'll likely need to deal with unreasonable bosses combined with an expanding waistline from too much SeamlessWeb and not enough time in the gym.

There are also some more subtle costs that come from placing as much emphasis on your career as we tend to here. After all, what happens when you get your dream job…and 6-months in realize you despise it? What if you've done everything you can to transition from IB to PE but managed to fail miserably? A number of posts over the years have centered on these very questions as many monkeys begin to experience their first career troubles and late-20's existential crises.

I think that people that post on this board are uniquely susceptible to taking these sorts of job difficulties very personally. This is because we tend to be poorly diversified in terms of things that we derive intense satisfaction from. Our emotional portfolio is overweight in career advancement.
The great James Altucher has a wonderful post where he discusses how to diversify your life to be more creative and successful. I decided to adapt his basic concept to suggest 4 ways that you can more readily withstand the bumps that will inevitably come up on the road of your career:

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