Power, Money, Prestige, Respect??? .....Why do we all want to go into business?

<p>Hmm...looks like there is a gap where someone was deleted...</p>

<p>I'm a girl. I like business. There ya go!</p>

<p>i like business. i would like to become an entrepreneur and establish my own company (medium size).</p>

<p>I previously posted that I like business and investment banking and everything about it, and want to make it my career...</p>

<p>Scratch that. Not happening. I don't think I would be able to tolerate the 70hour workweeks when I'm 35. I eventually want to start my own hedge fund (anywhere from $250mil to $1bil) and become a hedge fund owner (I guess), and make tons of money while not working. Maybe also freelance management consultant.</p>

<p>ihateCA, can you name a few aspects about business besides investment banking or hedge funds. Do you even know what a hedge fund is? Seems like anything anyone ever talks about on this site is investment banking</p>

<p>Hedge fund managers make tons of money without working?! LOL What a statement!</p>

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I eventually want to start my own hedge fund (anywhere from $250mil to $1bil) and become a hedge fund owner (I guess), and make tons of money while not working.

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<p>Oookkaaayyy
first of all- you do not want to become an owner, you want to become a manager. Big difference, considering you're handling investments and stuff.</p>

<p>too put it reallllly simply, a hedge fund is like a mutual fund, but it only differs in that its more private, the manager is the manager, and can't be replaced, there are less regulations, and most hedge funds operate outside the US. ANNDD, the investors have to be accreditted, so that means minimum investments of like $1 million~. Soooo, it's kinda hard just to "get started".</p>

<p>If you don't like to work your butt off, then it isn't for you. Really, though, I can't think of anything where you don't have to work and make a lot of money at the same time.</p>

<p>A hedge fund is a fund yes, in that your return is based on the return of all of the funds assets. But the difference lies in the strategy of the fund. Every fund has a different way of making money. there is leveraged arbitrage, convertible bonds, some bet on the spread between international currencies, hedging against downturns, buying on margin, buying distressd securities, buying majority of distressed companies (ie past kmart, sears etc), etc etc</p>

<p>hedge funds are different than mutual funds as stated before becuase they are less regulated, they do not have to disclose investments etc etc, but must importantly they hedge against risks and arent as exposed to the market. This doesnt apply to all 8,000 or so hf, but that is the general idea. </p>

<p>Everyone from recent college graduates to past nfl players have been hedge fund managers, but i am sure you can assume those that were nfl players and cops lasted a few years before going bust and forced to leave due to performance issues. </p>

<p>And their are bond and mutual funds that also have high buy ins, say for pimco, minimum buy in is 10 million, its a bond fund, and if you have less, minimum 10,000 you must go through their subsidiary which i believe would be allianz</p>

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must importantly they hedge against risks and arent as exposed to the market. This doesnt apply to all 8,000 or so hf, but that is the general idea.

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<p>That was the general concept of the first fund which was categorized as a "hedge fund" as it was a long/short market neutral fund. However, nowadays most are not "hedged". One of the most alluring aspects of these vehicles is the fact that large, outright positions can be made. </p>

<p>There are plenty of literature floating around the web regarding these vehicles (the world seems to be obsessed by them). A simple web search should be enough. </p>

<p>People should stop planning every step of their career at such an early stage. The goal is to be prepared to grab opportunities as they come and not have "tunnel vision" towards one specific goal.</p>

<p>Thanks for the info guys.</p>

<p>very well said mahras...</p>

<p>mahras......very true</p>

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People should stop planning every step of their career at such an early stage. The goal is to be prepared to grab opportunities as they come and not have "tunnel vision" towards one specific goal.

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<p>I agree, but in my defense, I NEED a vision to work toward. I need a direction. I need to plan every moment of my career. But am I going to follow it? CERTAINLY not. It's just like a vacation. Do you plan every stage of it? yes. But do you follow it? Hell no. You take advantage of the attractions and stuff on the way to your destination, and that's OK as long as you reach your destination.</p>

<p>That picture I painted for myself is a ONE OF the ways to achieve my ultimate goal, which is to become rich and successful. There are many ways to do it, but my "tunnel vision", as you call it, is one of the ways. Will I follow it to the letter? Of course not.</p>

<p>By the way, southpasdena, you are the most cynical and pessimistic person I've ever met/talked to. Let's think positive thoughts. And no, I don't know what a hedge fund is, but I have 17 years to learn about it.</p>

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Seems like anything anyone ever talks about on this site is investment banking

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<p>Then get off of this thread, go talk to someone who DOESN'T rattle off about investment banking all day, and stop ruining my day.</p>

<p>ihateCA, with a moniker like that, you calling somebody cynical is akin to the kettle/coffee pot....yeah.. you know the rest.</p>

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By the way, southpasdena, you are the most cynical and pessimistic person I've ever met/talked to. Let's think positive thoughts. And no, I don't know what a hedge fund is, but I have 17 years to learn about it.

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<p>No Southpasdena is realistic. I also suggest you plan some time in your "vision" to learn about all these terms before using them in your posts. It adds to your credibility.</p>

<p>I want to go into business because it is the only semi-lucrative field that you do not have to put 7+ years of schooling into to get a job. (Dentist,Doctor,Lawyer, and so forth)</p>

<p>Of course we al want the power, mone, prestige and respect. I also plan on being a very rich housewife(once I meet my rich exec, CEO, CFO, etc) who doesnt have to work a day after I have kids. We are all materialistic and just want it all. We are such snobs! LOL!</p>

<p>I want to be able to walk into a luxury car shop in my tailor-made italian suit and Ermenegildo Zegna shoe's and tell the seller; "I'll take that black Lamborghini please, fully equipped" and then interrupt the salesman when he starts talking about instalment plans saying; "I'm paying pronto, include the tip". This is one of many reasons for my desire to go into business and this...you mark my words...is something that I am willing to cut off my left nut for.</p>

<p>Power, $$$, greed, women, you all better come to terms with the fact that you will be Corporate office *****es for the next ten years of your life, atleast. Don't think it comes that easy....</p>

<p>exposed to it from an early age, liked it ever since.</p>