I may have found the perfect job for Aspies

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Wedge
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20 Apr 2010, 2:30 pm

I studied economics and I didn´t have any success in any jobs with finance! :( :lol: . Maybe that is because I didn´t like stocks, bonds, etc... I don´t even read the economics section of the newspaper! It is strange how the aspies are that different. I plan to study physics now. I recommend the books on opitions by John Hull. Paul Wilmott´s books on quantitative finance are also good. I don´t know how much you already know! Strangely one of the books I liked most is about finance, it is Benoît Mandelbrot´s "The (mis)Behaviour of Markets: A Fractal View of Risk, Ruin, and Reward". Good luck.



Asp-Z
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20 Apr 2010, 2:33 pm

Wedge wrote:
I studied economics and I didn´t have any success in any jobs with finance! :( :lol: . Maybe that is because I didn´t like stocks, bonds, etc... I don´t even read the economics section of the newspaper! It is strange how the aspies are that different. I plan to study physics now. I recommend the books on opitions by John Hull. Paul Wilmott´s books on quantitative finance are also good. I don´t know how much you already know! Strangely one of the books I liked most is about finance, it is Benoît Mandelbrot´s "The (mis)Behaviour of Markets: A Fractal View of Risk, Ruin, and Reward". Good luck.


I was thinking of buying a book called The Intelligent Investor, Warren Buffett says it's the best book on investment.



ProfessorAspie
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20 Apr 2010, 3:33 pm

personally I think academia works out nicely. I have never seen more people with serious cases of executive dysfunction working together under one roof. And somehow managing to make it, mostly, work.

The stock market is, for me, only interesting at the level of pattern and information. I taught myself some stochastic calculus a few years back to see if I could get a more firm theoretical grasph of stock market gyrations. To some extant, I did, but once I learned the basics, I lost interest. Money is not my prime motivator.



Wedge
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21 Apr 2010, 3:39 pm

Asp-Z wrote:
Wedge wrote:
I studied economics and I didn´t have any success in any jobs with finance! :( :lol: . Maybe that is because I didn´t like stocks, bonds, etc... I don´t even read the economics section of the newspaper! It is strange how the aspies are that different. I plan to study physics now. I recommend the books on opitions by John Hull. Paul Wilmott´s books on quantitative finance are also good. I don´t know how much you already know! Strangely one of the books I liked most is about finance, it is Benoît Mandelbrot´s "The (mis)Behaviour of Markets: A Fractal View of Risk, Ruin, and Reward". Good luck.


I was thinking of buying a book called The Intelligent Investor, Warren Buffett says it's the best book on investment.


Seems to be a good book. When I was at college I remember that I saw a book of the same author called "Security Analysis". I guess it was a kind of classic. Good luck with that! :)



meeemoi
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10 Jul 2011, 4:02 am

Its nice to see people taking an interest in this. as for being a fund manager I'd say why not jsut become a day trader and work from home. or work at a prop firm. its allot eaiser and quicker and youll probably learn faster and its funner and you dont have to have a boss and you can make alot if your good. just as long as you dont follow 99% of the information that is out there you should be fine


Asp-Z wrote:
Over the past few days I've gotten into the stock market, I've been researching all the terms and teaching myself technical analysis, I've learnt about P/E ratios, bull/bear markets, trends, and all manner of other things.

Now, the more I think about this and look into it, the more something in investment, such as a hedge fund manager, seems to be a very good job for Aspies. Essentially, it's collecting and analysing information, and making logical decisions based on that. You look at past trends in AAPL stock, for example, and you look at the current state of it then try to predict what will happen next. If you can master that, you can become very rich - the 25 best hedge fund managers made an average of $1 billion last year alone. Many will point out that they are exception, and while that may very well be true, if the exception make $1 billion then it isn't unreasonable to except someone who does a decent job might make about $10 million, which is a very good salary isn't it?

I'd also like to bring attention to this article, or this much shorter one, about an Aspie hedge fund manager who made $100 million in a single year by predicting the subprime mortgage crash and buying credit default swaps on subprime mortgage bonds - that is, he bet against subprime mortgages, and made almost a billion dollars profit out of it (over $700 million went to the investors of his fund).

I'm trying to get into the stock market at the moment, and am managing a virtual portfolio already for practice. If I can master this, it could very well be the way I get rich, and make many many millions.

What do you think? If ever there was a perfect job for Aspies, this is it IMO - not forgetting the fact you can do it from your house too, right from your computer in fact. Just keep a stock ticker running and your broker site up!



Artros
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10 Jul 2011, 6:35 am

I study economics, so I know my fair share. I personally really liked the subjects on stocks, especially Risk Management, because it's very mathematical and also very logical. It's not easy to get a job from the economy side, though, as actual funds tend to prefer pure mathematicians.

It's more than just numbers, though. You have to be able to predict irregularities. And, as Keynes once said, "the market can remain irrational longer than you can remain solvent."



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10 Jul 2011, 7:34 am

This is a great topic!
Ever since I was young, stocks etc have been my obsession and yes, it's a pretty "aspie" thing to do. The reason why is that most people don't use a lot of logic to invest. Most people get into stocks when it's very dangerous (high P/E ratios like in 1929, 1987, 1999/2000...) and when things finally go bad, they sell every stock they have at ridiculous losses. That's because people tend to follow other people rather than think for themselves. Using the 90s as an example, somebody might have gotten into stocks because their neighbour - who wasn't even smart or rich - bought a $100.000 car because he bet on technology companies. So instead of learning and understanding the stock market they get greedy and try the same. Which eventually leads to disaster, because when it's easy to make money in the stock market that's what usually happens. People with asperger's don't naturally follow others, but they do like to learn things, hence why they can think independently and pick cheap stocks that others don't buy because the company isn't in a "cool" business or something.

I can talk about this for hours, but I don't want you guys to get annoyed about it (like my family lol) so I'm gonna stop here. Just one thing. In OP you said you look at graphs and try to predict the further stock movements. Don't do this, it's what everyone does and it has no relation whatsoever to the intrinsic value of a stock, always use fundamentals (balance sheet/income account) to make decisions!

EDIT: just one more thing (sorry I really can't stop talking about my obsessions xD) you should read:
security analysis - benjamin graham
the intelligent investor - benjamin graham
value investing - bruce greenwald



kennypowersz
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10 Jul 2011, 2:40 pm

Those are pretty lofty goals.

Finance (banking, trading, hedge funds, PE funds) is an extremely networking-intensive job as it's one of the few ways to set you apart from other candidates (this automatically makes it an awful choice for Aspies). Everyone has perfect GPAs from Ivy League schools with internships at the best banks/funds.

You also don't just become a Hedge Fund Manager. Most started off on prop trading desks (bet the bank's own money) at major investment banks and earned a reputation for having the ability to make money in a cutthroat environment. They then had to go out and raise money from wealthy individuals/institutions in order to get started (more networking + schmoozing).

The easiest way for an Aspie to get involved would be to get a PhD/Masters in Physics or Math and try to get hired by one of the High-Frequency Trading funds/desks where you will be writing algorithms all day.



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10 Jul 2011, 2:47 pm

bee33 wrote:
ManErg wrote:
Asp-Z wrote:
the 25 best hedge fund managers made an average of $1 billion last year alone.

For what? Being the biggest parasites on the planet? I look forward to the day when the masses finally become aware of how the bankers and hedge fund managers leach off us and they are all put against the wall and shot. :twisted:
Thank you! I couldn't agree more! (Uh, except for the shooting them part... :) )


I don't agree. In Civilization 4, a video game, banks end up enhancing wealth for society. How? They make the money in the economy more "available" and "liquid" and financial management is more efficient, thereby increasing the value of money. Now, yes, it's true in practice they tend to be parasitic but that's the intrinsic nature of a private corporation. :lol: (Go with credit unions instead!)



swbluto
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10 Jul 2011, 2:51 pm

kennypowersz wrote:
Those are pretty lofty goals.

Finance (banking, trading, hedge funds, PE funds) is an extremely networking-intensive job as it's one of the few ways to set you apart from other candidates (this automatically makes it an awful choice for Aspies). Everyone has perfect GPAs from Ivy League schools with internships at the best banks/funds.

You also don't just become a Hedge Fund Manager. Most started off on prop trading desks (bet the bank's own money) at major investment banks and earned a reputation for having the ability to make money in a cutthroat environment. They then had to go out and raise money from wealthy individuals/institutions in order to get started (more networking + schmoozing).


While I don't want to shoot down the ambitious, I do agree that Hedge Fund Managing is very cliquish and "network oriented". Heard of the "Good ole boys club"? Yep, the stock market (Along with politics) is primarily where the term originated.



Sweetleaf
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10 Jul 2011, 3:03 pm

I don't think I could morally have such a job......I could not knowingly be part of the screwing most of the world over so that a few people can make a crap load of money from doing that. I guess I am one of the screwed over sort of.......but yeah and I suck at math and that sounds like it might involve math. So yeah no getting rich for me.



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10 Jul 2011, 3:24 pm

Congrats on picking a topic Aspies can truly thrive in. I don't know I'd you've done so yet but I'd recommend reading "The Big Short" by Michael Lewis. It features a great profile of Dr. Michael Burry and how being an Aspie allowed him to see the mortgage meltdown long before the rest of the market. Have fun in your new occupation.



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10 Jul 2011, 3:39 pm

Sweetleaf wrote:
I don't think I could morally have such a job......I could not knowingly be part of the screwing most of the world over so that a few people can make a crap load of money from doing that.


Not all banking/finance is about screwing people over, although that's what the public opinion thinks about it now and of course they have a good reason to. The problem is that a lot of regulation that the US had since 1934 was taken away in the last 30 years. If banks can trade derivatives (hard to explain what they are, basically financial products mostly without underlying assets) with peoples savings, something is wrong, but the regulators were in it too so they didn't do anything.

I still think stocks are the most awesome thing in the world, Wall Street just has a bad track record when it comes down to screwing this up (really badly).



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10 Jul 2011, 3:43 pm

AnonymousPasserBy wrote:
Sweetleaf wrote:
I don't think I could morally have such a job......I could not knowingly be part of the screwing most of the world over so that a few people can make a crap load of money from doing that.


Not all banking/finance is about screwing people over, although that's what the public opinion thinks about it now and of course they have a good reason to. The problem is that a lot of regulation that the US had since 1934 was taken away in the last 30 years. If banks can trade derivatives (hard to explain what they are, basically financial products mostly without underlying assets) with peoples savings, something is wrong, but the regulators were in it too so they didn't do anything.

I still think stocks are the most awesome thing in the world, Wall Street just has a bad track record when it comes down to screwing this up (really badly).


Well even so its still too close to everything I hate about the world for me to get a job in such a feild. This semsester of College for one of my classes, I was required to read a book called Confessions Of An Economic Hit Man which is about some of the underlying stuff that goes on in U.S/World economics involving some very nasty immoral ways of making profit. So any jobs that could potentially be related to such things are not for me.



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10 Jul 2011, 4:37 pm

I don't blame you, some of the worst people are in that business, and they're usually the ones making the most money. I just wanted to point out that not everyone who works in finance is evil or immoral.



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10 Jul 2011, 7:27 pm

Asp-Z wrote:
Over the past few days I've gotten into the stock market, I've been researching all the terms and teaching myself technical analysis, I've learnt about P/E ratios, bull/bear markets, trends, and all manner of other things.

Now, the more I think about this and look into it, the more something in investment, such as a hedge fund manager, seems to be a very good job for Aspies. Essentially, it's collecting and analysing information, and making logical decisions based on that. You look at past trends in AAPL stock, for example, and you look at the current state of it then try to predict what will happen next. If you can master that, you can become very rich - the 25 best hedge fund managers made an average of $1 billion last year alone. Many will point out that they are exception, and while that may very well be true, if the exception make $1 billion then it isn't unreasonable to except someone who does a decent job might make about $10 million, which is a very good salary isn't it?

I'd also like to bring attention to this article, or this much shorter one, about an Aspie hedge fund manager who made $100 million in a single year by predicting the subprime mortgage crash and buying credit default swaps on subprime mortgage bonds - that is, he bet against subprime mortgages, and made almost a billion dollars profit out of it (over $700 million went to the investors of his fund).

I'm trying to get into the stock market at the moment, and am managing a virtual portfolio already for practice. If I can master this, it could very well be the way I get rich, and make many many millions.

What do you think? If ever there was a perfect job for Aspies, this is it IMO - not forgetting the fact you can do it from your house too, right from your computer in fact. Just keep a stock ticker running and your broker site up!


Well, it is consistent with or congruent with being an Aspie. Frankly, I find the stock market boring unto the point of pain. And I don't like card games either. I prefer chess or go where everything is visible and there are no chance factors.

ruveyn