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I was just wondering what your opinions were. I am going to be graduating in May and it is conceivable that I could go into any of these three areas. I am leaning towards going into institutional derivatives since that area is exploding and hedge funds are pretty risky places to start a career...

I have read reports that the Chinese wage may have to rise. They will eventually run out of farmers moving to the cities to take factory jobs, and other even further less developed countries might have even lower wages than China. The cheapest wage being available in China is not going to last...

The problem is that we have 10,000 nukes. We aren't going anywhere whereas the old empires could be conquered.

Seeing posts like this makes me want to never have kids.

My strategy is to wear Ralph Lauren Black cologne. I have backtested it extensively. 70% of the time, it works ALL the time.

They make that much money because they are managing a large pool of money. Hedge fund managers that make that much are managing BILLIONS OF DOLLARS that they then leverage even futher. How the FUCK are you gonna make that kind of money with $50,000 in capital? You would be hard pressed to find a...

Thank you for the honest post. I learned something today.

I contacted the CAIA and they don't give discounts to undergrads. LOL.

I concur. I don't watch jack shit on cable TV. I need to get some pay channels.

Do you guys think reading that many books really benefits people? Would they have been better off reading less and learning by doing?

OK I think I understand the big picture. Thank you for posting. The thing is, people keep saying that is where the industry is going bla bla bla its all computers bla bla bla learn to program I guess they just don't know what they are talking about.

Well, I heard it is good to know enough that the tech guys can't bullshit you, or to work with programmers who are developing trading systems.

Anymore constructive advice? lol

Why don't you get a job in institutional sales and trading? That is where the money is at.

Rhino, thank you for the heads up. I will keep a look out for ball-washing positions on the Bloomberg. The only problem is that I am not sure I can afford a good pair of knee-pads. Do they give out knee-pad scholarships?

Before you flame me, please know that I searched around and only found pretty dated posts on programming. Basically I am wondering if I should learn to program before I enter the industry. I will hopefully land a job in institutional sales and trading. I know nothing about programming but I...

By the way I am going to try to learn how to program here in the next few months as that is where it looks like the industry is going...

Margin yes, but you can get margin for managing a portfolio as well. And if you blow that up they can't come after your personal assets. If you blow up.. you are fucked.

I don't see why anybody trades on paper. It is pointless. Just trade with a minimal amount of money. Even losing just a few dollars is painful. I don't think you learn anything with paper because you aren't subjected to fear. Also, you will definitely have no chance of "cheating," for example by...

I was just wondering why a lot of you seem to just day trade with your own money. Wouldn't it be better to trade with OPM? I believe that the hedge funds that don't blow up seem to under perform the market on average yet the managers are making a killing charging a ridiculous 2% of assets and...