Professional Documents
Culture Documents
How The Next Generation in Finance Can Succeed
How The Next Generation in Finance Can Succeed
How The Next Generation in Finance Can Succeed
1
Millennial Headlines
Lack of Trust in Wall Street
Why I’m Bullish on the
Next Gen in Finance
More evidence-based
Organizational A Wealth of
Alpha Common Sense
6
Big Ideas We Believe In
Snails or escargot?
Squid or calamari?
The Penalty Shot
Anchoring
Using a default starting point can
influence our conclusions.
Example:
Know Thyself
“The first principle is that you must not fool yourself - and
you are the easiest person to fool.” – Richard Feynman
Gambler’s Fallacy
30x more likely to die from falling off furniture in your own house than from a dog bite.
Cognitive Dissonance
Example:
Sunk Cost Fallacy
The more you invest in something the harder is it to abandon it.
More than 50% of respondents go with the $100 trip even though it’s not as fun.
Confirmation Bias
We interpret new evidence to confirm existing beliefs.
Analytical firepower
Math skills
The correct temperament
A deep understanding of human psychology
The right amount of self-doubt
A high level of emotional intelligence
The ability to think in terms of probabilities
The discipline to follow a well-thought-out process
Perform a Pre-Mortem
“The only guarantee, ever, is that things will go
wrong. The only thing we can use to mitigate this
is anticipation.” – Ryan Holiday
1. Self-Awareness
2. Self-Regulation
3. Motivation
4. Empathy
5. Social Skills
Everyone is in Sales
“The most important skill in
finance is salesmanship.”