WEBVTT


  

   

    

   

  

  

   
   

    00:00:00.060 --> 00:00:03.160
>> If you think about what it takes to
be successful in the investment business,

    00:00:03.160 --> 00:00:07.660
really what do you need to have going into it,
and what will drive that success, you know,

    00:00:07.660 --> 00:00:12.200
first and foremost is you need to love markets.

    00:00:12.200 --> 00:00:13.290
You need to love investing.

    00:00:13.290 --> 00:00:15.150
It needs to be a passion for you.

    00:00:15.150 --> 00:00:17.090
This is a very difficult business.

    00:00:17.090 --> 00:00:19.500
Every position that you have,
every job that you have,

    00:00:19.500 --> 00:00:24.040
no matter what area you go in,
is going to be challenging.

    00:00:24.040 --> 00:00:25.830
You're going to have challenging
and difficult days.

    00:00:25.830 --> 00:00:29.580
You need to absolutely love markets,
love investing, love economics.

    00:00:29.580 --> 00:00:33.590
And if you do love those things,
that'll be a precursor to success.

    00:00:33.590 --> 00:00:36.680
I think another aspect is
truly being analytical,

    00:00:36.680 --> 00:00:40.510
and being analytical doesn't mean
just simply being good with numbers.

    00:00:40.510 --> 00:00:45.590
It means being able to identify, you know,
what are the key variables in this situation

    00:00:45.590 --> 00:00:48.090
and what will drive the right conclusion.

    00:00:48.090 --> 00:00:52.250
And then two weeks later, or three weeks
later, move into a different situation,

    00:00:52.250 --> 00:00:56.500
carry with you what's most important but also
be able to filter out what isn't important

    00:00:56.500 --> 00:00:59.920
to make another decision about how best

    00:00:59.920 --> 00:01:05.040
to make those investment choices
that face you at that time.

    00:01:05.040 --> 00:01:09.710
So that analytical ability and that
passion and love for investing for markets.