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[quote=Anonymous]Thank you for the dose of reality.  I am probably a bit older than PP. I played in the Ivy League  in the 80's ,and like many of my  college teammates made my way to Wall Street and a lucrative sales/trading position.  This may seem like a non sequitur, but perhaps not.  The appeal in my day of getting into the "club" of Ivy lax was the pipeline to the Street.  Gross over generalization, I know.  Back then, a plum sales job was an almost certain path to a reasonable amount of wealth.

Circumstances have changed dramatically in the last 25 years.  The multi-million dollar cash salaries/bonuses of WS have been replaced by just enough compensation to keep your nose above the water line when the cost of living in NYC is factored (rents, school, taxes, vacations).  Goldman Sachs, at the top of the heap, is no more than a regulated bank earning quite ordinary 10% returns. The celebrated stories of hedge fund and private equity Titans have a huge survivor bias.  Most of WS is a group of disappointed and disenchanted 40 somethings sleepwalking through life.

Grim picture, but there is a point.  Most of these guys would have been better off spending their college years focused on developing a real passion and using the 30 hours spent cradling a ball in the classroom, library or lab.  Lax is just a game; one which none of your kids are going to make any money playing.[/quote]

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