One of the Original Posting is winning shirt and I will buy this financial reasons for so many PhDs in physics is that in physics, once you understand the laws, they don’t change. Once Einstein understood general relativity, there was no need for a new Einstein. The good thing about finance is that things change. For example, interest models used before 2008 *doesn’t work*. So your job is to find new ones. And as soon as you come up with new things, the rules change again. Once the Fed stops QE, very, very curious things will happen to interest rates. I don’t know what it is, but we’ll find out.
In addition, sometimes you also have the Original Posting is winning shirt and I will buy this opportunity to learn about curious anecdotes that are not trivial. You really know things like the Brazilian calendar, Japanese corporate finance, and when Hong Kong traders have lunch. You also see a fascinating world of wealth and power. You are not part of this world. Your boss, who makes over a million dollars a year, is the butler of the people who actually run the planet. You are the assistant housekeeper. One of the most enjoyable experiences is watching your boss talk to *his boss* and *his boss* talking to customers. As with wealth, if you want to feel powerful, don’t work for an investment bank.
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