Getting a job with a buy side firm that has an interest in developing my skills as an investor.
That’s the goal…along with simply meeting interesting, intellectually curious/ambitious, and successful people.
My list of Asset Management Firms in Texas has grown to 53.
This is no easy task since none of them actively advertise.
I have found them via: The CFA society member’s database, conference speaking lists published online, news articles, a ridiculous amount of targeted search terms and on and on.
There is certainly a wide range of firms operating with the “investment management” “asset management” space. Like everything, quality probably varies widely from place to place.
The responses to my inquiries so far, run the gamut.
Some immediately respond with wanting to meet, others are non-responsive, some say go get an MBA, others say to focus on the CFA and network like a mad man.
Okay I added the “network like a mad man” part.
That’s because early on, someone told me in reference to running my own shop one day…”no one will give you their money to manage unless they know you and trust you.” And obviously that’s assuming your process gets consistent risk adjusted returns.
This was gold for me and a catalyst for expanding my networking push to include interesting people from all walks.
The big networking push is for more than just getting connected for future employment, it is to meet outliers in their fields as well. Authors, athletes, investors, scientists, economists etc.
Mastery is fascinating to me.
Side note: I am trying to get a meeting with Horatio Pagani of Pagani Automobile fame…if a reader can make it happen. Anyone that can design a car like that has to be an extremely interesting and insightful person.
Anyway I digress…the point is I am getting responses.
The perk with buy side networking, for purposes of employment, is that it seems to be far less aristocratic than sell side.
Meaning it looks like one can network in with a non-traditional background whereas the process is far more structured in I-banking/PE.
Luckily I want to go pro in managing money/investing.
If possible I also want to do it without jumping through the MBA hoop.
I understand the reasons folks advocate for it, but I’m not going that route unless I can truly justify losing two years. That’s two years that otherwise could have been spent in the industry instead of college regardless of how high level it is.
Time is the most important asset we have and two years is significant.
If the CFA and the networking aren’t quite enough, I may end up taking the GMAT just to prove I can score very high. I have no idea what sort of value that would add, but if the practice tests I have taken are an indication, I can definitely nail mid 700’s.
The timed practice tests I took before starting the CFA process were 710, 740, and 740.
If employers want to see a score as a marker of intelligence I may devote 3 months and see how close to 800 I can hit.
I’ve taken on the mentality that you can eventually meet with anyone.
I’ve contacted reps for Nolan Ryan, Gregg Popovich, George W. Bush, Ravi Zacharias, and many more people I would like to sit and chat with for even 5 minutes.
Wisdom is everywhere across all disciplines. Go get it.
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