All in Investment Banking
…Is that there really isn’t any such thing.
In popularity contests of any significance (where a sizable population is asked for its endorsement of an individual or a subject or an action), the landslide win is not a common occurrence. More prevalent (in my admittedly unscientific assessment) is the close race, where the margin of victory is in single digit percentage points.
We have this obsession, usually rightly so, with organized, accredited education. In an era when economic disparity and the income gap is at its widest, getting a “proper education” isn’t a nice-to-have, it’s a must-have.
Which is something most of us agree on, plus the fact that a proper education is defined as not simply completing high school, but obtaining a college degree, at minimum. I think I’m on pretty safe ground when I say that.
How many newsletters do you get in your inbox every day? How many emails do you get with an update on some issue or department or project? How many notifications do you get on your phone with the latest piece of “must-have” information?
Now, how many of them do you actually read?
There are at least 15 colleges that deserve a place in the top 10 best colleges in the country. There are 20 restaurants that can credibly argue that they are one of the 5 best restaurants in your city. And if you and I were so inclined, we could absolutely name 25 guitarists who could reasonably stake a claim to being among the 10 best guitarists ever.
There are times when persistence, dedication, devotion are absolutely essential. Nothing great has ever been achieved by flitting from one activity to another, without considered thought for quality, without regard for tangible results. Success - however you define it - depends on this.
But to persist in situations that don't align with your inherent values, that don't feel right in that regard, is a recipe for failure.
There's certainly a value to be placed on growth. On the continual pursuit of expansion.
It drives us to look for development opportunities, to rethink how things are done, to change what we think is 'conventional' i.e. "the way it's always been".
Growth is a tremendous value creator.
It's a crazy idea, one that's quite difficult, if not impossible, to implement. (And, many might argue, not desirable, either.) But like a lot of Tom Peters' ideas, it's provocative.