That is why even youngsters at investment banks get paid 200k plus in their first year with VPs regularly making 500k +. It's called a hunger to learn, competitive mindset, and a rigorous work environment that forces one to constantly learn more to perform at one's top abilities. |
I would fire anyone who just sits around for ANY reason. Does not matter he or she already got the assigned tasks done or not. I want employees (and surround myself with individuals) who are driven to constantly learn more and perform better. That is the work environment I want to be in and demand those around myself to conduct themselves, too. Investment banks and hedge funds make it easy to be in such environment in that they simply fire those who apply a mindset of "40 hours is enough for me, after all I completed the assigned tasks". Well, someone who completed the task could have done more work or invented more ways to automate other tasks or could have learned more to potentially improve management skills. That's the people I want to be around and how I conduct myself at work. Conducted. I worked at such fast pace for over 20 years and retired under 50 just a few years ago.
I don't have the slightest respect for people who idle or try to do the minimum asked of them. Most of them are low ambition and frustrated individuals who are happy to retire at the age of 60 with just a little saved up and probably a shitty retirement life waiting for them. I worked incredibly hard, played very hard, too, experienced things most in the world don't have the privilege to experience and still retired in my 40s with enough saved up to do whatever my heart desires now.
My secret:
1) playing hard does not require spending hard. I saved up whenever I could yet set aside "play money" allocated to do things over the past 20 years that were on my bucket list. All else went into investments and savings.
2) I never engaged in stupid or dangerous vices. No hard drugs, almost no drinking, faithful to my girl. No bullshit
3) applied an attitude of eternal hunger to learn more and become better. This got me promotions to ultimately manage others and manage more investments for others.
4) top ethical and moral values in life inside and outside of work. This kept me away from engaging in shady stuff and made others respect and trust me. I also surrounded myself with like minded people and that motivated me and I learned a lot from them. Being around other highly motivated and trustworthy individuals is fantastic and absolute key.
5) zero patience for people of low ethical and moral values. I always cut ties or don't even engage with those of low ethical and moral character. This kept me away from getting taken advantage of or getting cheated. It also minimized chances to be affected by people with bad moods and those who constantly complain, bicker, gossip...
I never looked back. Never regretted my past choices aside a very few slipups. I am prepared to die and leave this life at any moment knowing I have done well, done most things on my wish list, knowing I am in good standing with those I respect and value. But while I still live I still have many more things I want to learn and do and places I want to travel to.
Life has been very good to me, I am incredibly privileged and blessed despite having been dealt pretty mediocre cards at the very beginning.