Archive for July, 2013

20th Year Anniversary

Posted in Investment Banking on July 19, 2013 by Dave Liu

Hard to believe that on this day 20 years ago, I joined my firm. A short stint turned into an amazing 20-year ride. Seems like only yesterday I sat at my cubicle with my landline (no cell phones), Pentium PC running Windows 3.1 (no browser) and HP-12C. No regrets but wish I could go back and give my younger self some advice:

1. Master Excel. It will be the way companies will confuse investors for the next 100 years.
2. Remember those fancy dinners and limo rides when you were being recruited? Good. At least you’ll have the memories.
3. When they offer you a pager, say “No”! Trust me, the device may change but that dog leash is going to be with you forever.
4. Keep the faith. You will eventually see your family and friends again…five years from now in 1998.
5. Not everyone has nervous breakdowns in this job. Just the people in your analyst class.
6. Don’t worry about being in the building during the Northridge Earthquake. I hear the building is earthquake proof.
7. Stay away from those third servings at breakfast, lunch, afternoon tea, dinner, midnight snack, etc.
8. Buy clothes that are 2 sizes too big. You’re going to ignore #7.
9. Tell people you are an advisor not i-banker. You may think its cool now but in about 20 years even your mother will tell her friends that you are a financial consultant.
10. Not all Managing Directors are jerks. Who knows, you may be one of them one day?

Can’t wait to see what the next 20 years will bring…