How I broke into the buy-side without a traditional background.

The road to getting an investing job is not straight forward, not instant and not easy. You know what they say: "Nothing worth having comes easy."

I've been getting a number of inquiries into how I managed to get a public equity investing job without doing any time in the sell-side, having a CFA, a finance major or having had a hedge fund uncle teach me about stocks at age 13.

In this essay I not only hope to tell you a story of my own personal journey to shed some light on the process but also share learnings that may be applicable to all kinds of career journeys.

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EssaysDaniel LeeCareers
Buying Time

This is a conversation I had with myself as I introspected after I quit my first job in accounting. It was one of many different conversations. But it was one with my lustful relationship for money. 

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EssaysDaniel LeeHabits
The Gym's Silver Haired Teachers

People say wisdom comes with age. Decades of learning via experience probably helps with obtaining that wisdom. That can come to form in many ways like advanced knowledge in a particular field. The elusive "silver-hair" is associated with knowledge, expertise, experience and all kinds of positive factors that lead to "trust". Whether it's in obtaining funding to start your own fund or selling services, the business world looks for age. The bias is there. Where it isn't commonly sought after is in the gym. 

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Start with Dots as Anchors for Creativity

In school we used lined papers. Structured. Fitting to defined spaces. Every notebook was lined. 

The way I come up with articles to write about is by scribbling in my notebook. Scribbling random ideas that would pop into my head after a shower, a walk or while training at the gym. 

One day, I found the lines too restricting. I wanted to draw pictures, graphs and doddles to get my idea on the paper but the lines posed a mental blockade for me. So I decided to go out and buy a notebook that would allow me to have more flexibility. Dotted notebooks. Genius. 

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Building A Mastermind Group

“You are the average of the 5 people you spend most of your time with”. We've all heard this before. It's one of the most repeated advice/factors mentioned by high performers of various disciplines. The advice comes in different forms like "work with people you admire", "find mentors who are doing what you want to", "choose a life-partner who will challenge you to grow". All focused on surrounding yourself with people that will aid you in your journey of growth. 

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Tragedy of birth

We refer to Romeo and Juliet as a tragic love story.

What I saw was two degenerate teenagers. What I think is a real tragedy is the life that unfolds the minute after our birth. Some may argue it's a miracle. I see that. The tragedy hits the minute after. 

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Why organizations will lose their high performers. Revelations of factors to motivation and flow state among employees

Over a six-week period, I ran a project with seven individuals. I pitched to them that we would work to find out who they were, where they were at in their life now and where they wanted to go. They were told this project would involve a series of talk therapy sessions and have them perform individual reflective activities as homework for the duration. 

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Overcoming Obstacles

Eat your vegetables! Climb that hill! Go train at the gym! 

You know it's good for you. But taking that first bite of that broccoli head can be really tough. You look at that spinach and it just hurts your taste buds. As you can tell, I'm not vegetarian... furthest from it. 

But after a bite of that spinach. It's okay. It's bearable. Now it's part of your morning smoothie. Like climbing hills, the first one is hard but the others that come after it? Eh, not so hard. You've done it before already. I have the eating habits of an eight-year-old so you may not be able to relate here. 

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Appreciating Empty Space

Josh Waitzkin, the famed chess prodigy, spoke about the importance of cultivating empty space. He learned this importance when he learned chess from Bobby Fischer. He's another famed chess player, obviously. Josh speaks about knowing how to utilize the empty spaces on the chess board. 

It seems too common in life that I find myself drawn to noise. Fear of missing out. Everyone wants to be where the noise is. It's like staring only where the chess pieces are. Ignoring the space available. The space that can become your advantage. 

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Dealing with Rejection

No, doesn't mean never. Just means not right now. I swear this is a quote from someone famous. 

Rejection is always tough. Sometimes such rejection is for good reason. It just never feels like it. I swear, when I struck out on my management consulting interviews I thought my world had ended. I mean, you'd think after 3 months of networking to get 3 interviews at the top firms you'd be set... guess not. Yet, my world didn't end. It continued operating like any other day. It was another day to squat and deadlift.

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