I have two friends who are really into stocks and trading and I’m just over here reading theory.

  • Will2Live [he/him]
    ·
    4 years ago

    I studied finance in university for ~2 years before ditching it, I even won a big equity pitching competition, and the biggest takeaway I have is that even hedge fund ghouls who spend 15 hours a day in an office barely beat the market return on average (if at all).

    At that stage in my life i thought i was going to follow the petit bourge path of becoming some shitty investment banker (thank god my love for art/music kept me from going into a career that drains your fuckign soul, even though I hadn't yet been radicalized to hate the finance industry). The most vindicating thing was when the "smart kids" who were in a prestige "student portfolio club", who I spent like a year being envious of, failed to beat the S&P 500 return 2 years in a row, and I kind of realized the whole thing is a giant fucking confidence trick