Okay here’s the thing. I think when you study other subjects (chemistry, biology, physics, medicine, geology, history, art etc.) you’re participating primarily out of interest in your chosen field. This is not the case with business/commerce subjects. Come on, how many of you slick suits got into it to learn about the wonders of depreciation? There, point proven.
Okay so I’m painting a lot of people with the same brush. For me it’s a given that when you choose a field such as Accounting or Business, you’re doing it to roll in the hay, to slap on the cash, to maketh the mullah.
Although I take it for granted that I’m not always right (wonders can happen - look at the ancient pyramids), I think in this case we should make it a proviso. Let’s say that the people who choose to study these fields or learn loads of stuff about business and how trade functions in the day-to-day world , are doing it for the money.
Are they right in doing so?
In your experience, does learning more about the financial in’s-and-out’s of stuff necessarily equal more money?
If you know lots of stuff about the stock market, for example, are you guaranteed a better rate-of-return than the next guy? Does this example also hold true for most financially-related things (e.g. if you wanna get into business)?
I can’t imagine not doing something that I don’t enjoy. Wonder how many people really are just in it for the money? To me, I don’t think you could put a price on my happiness… I’d rather be dirt poor and enjoying what I’m doing. Then again, it’s hard to find exactly what it is that I enjoy doing. I don’t enjoy doing work and having a job… I wonder who out there has a job that he/she enjoys? Anyone?
I think… It’s sort of a trade-off huh? Does money make you happy? I think people “with money” just have different things to worry about.
Sorry I’ve ended up asking a lot more questions instead of answering any of yours!
Going strictly by the title of the OP, then no, it does ensure that. However, barring unforseen events (earthquake, scandal, etc.), it does ensure that you won’t lose the money you have…
I wish I could say I do it for the money. I am a business analyst for a major bank and… man I’m as broke as can be. And, I don’t do it for the money, I do it because I love my work. It’s challenging, interesting and relevant.
No riches here, nor any likelihood of riches in the foreseeable future. But, I’m perfectly happy
But I also enjoy financial stuff. As I sit here on a day off I have CNBC on the TV and my real-time streamer of stocks open. It’s fascinating, but it has the added benefit of making me money (well, most of the time.)
[QUOTE=LoganDear]
I wonder who out there has a job that he/she enjoys? Anyone?QUOTE]
OK, me too. My job is to buy wrecked cars all day long. It’s not bad–It’s gotta be better than colonic irrigation. I REALLY like to fix & flip houses, but the local economy isn’t good enough to make it worth while right now…But enough about me.
OP: Nope. Before my current job I did the finance guy thing. Learned TONS about a lotta magic stuff, even had a bit of an inheritance at the time so I had some loot to test my learning & hunches on. Now I buy wrecked cars all day long. And I’m broke. I understand a lot of what happens in the financial market, and a LOT of how a fortune is (honestly) obtained has to do with luck. A lot of skill, education, discipline, insight, and a ton of luck. Luck they don’t teach.
Most folks who get into accounting do so because they’re born number crunchers. Some get rich as accountants, if they’re also good managers, but most end up as comfortably middle class. Folks who train to be hotshot financial wizards, well, it’s a mixed bag. Some people in that bag are risk takers who will either get rich or go broke in a blaze of glory. Some will burrow into the arcane depths of a big corporation, and they’ll toil quietly, out of the limelight. Some will give financial advice to upper-middle-class investors and make a comfortable living.
If you are a number cruncher and you like it; if you like diving into a pile of paperwork to find a nugget of information, you might be destined for this kind of work. It that sounds like torture to you, forget it.
No. Successful market players are indistinguishable from the Royal Head-Flipper. And fundamental & technical analysis aren’t worth shit; see the previous sentence for confirmation.
I think there is some credence in fundamental and technical analysis, but they are no way fool proof, and there are many fools out there to prove this point.
people who study accounting, business management etc. are largely preparing themselves to hold salaried positions in the corporate world. obviously at the highest levels you can earn a very good salary, and an accountant can open his own practice, but they still are essentially employees. people who really make great fortunes either do something that nobody has done before, or think of a new way of doing something that everybody else has been doing differently. as different from one another as bill gates, warren buffett, oprah winfrey, martha stewart, michael jordan, donald trump etc. are, what they have in common is that they are all originals. they didn’t learn what they know in classrooms.
