To wade off vulnerability, you have to overcome the sense of insecurity and helplessness.
Many individuals are overtaken by this psychological condition, which ruins both their professional and personal lives.
Be strong by commingling with the right people.
#Anchoring
You can learn a lot from both negative and positive aspirations.
Negativity is not an abnormal feeling which we should avoid at all times. It just tells us to be watchful and careful.
Similarly, Positivity helps us to remain optimistic and open-minded.
I, as a middle office risk management professional, have become largely negative about everything.
That is how we work and are trained at firms.
Not a good profession to join if you would like to see the brighter aspects of life.
Regret becoming one!
I guess the worst part of becoming a risk manager is that you are viewed as a watchdog by other co-workers.
Nobody wants to sit down with you to have a conversation over a cup of coffee or tea.
People avoid you during working hours.
Cannot make everlasting friends anywhere.
Even my Internal #Audit buddies didn't want to have a smoke with me because they viewed risk management as an evil influence.
haha.
Too late to change careers ;(

will make do with what I am left with.

I guess job rotation should be encouraged because overspecialization makes you moribund in the long run.

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More from @SAH16928046

Jan 15,
What is better in a banking career, risk management or internal audit?
@GARP_Risk
Difficult question.

Depends on where you are and what you have studied in the past?
Risk, is an emerging area, within the first world. Just visit the financial careers website to check out the jobs in Citi and elsewhere.
Read 14 tweets
Jan 15,
Open-end or Closed-end Balanced Funds cannot find financial sponsors these days.
60-40 portfolio or 50-50 proportional mix is dying a slow death in Asset Management and other forms of Client Investment Portfolio Management.
Unit Trust Schemes have suffered much due to neg rates
Mutual funds usually around the world are not allowed to sell short or engage in derivative transactions and structured products.
Most of the regulators want collective investments schemes to remain prudent.
I guess they want to protect the unit holders from gamblers ruin risk?
But if you dislike volatility you would opt for a closed-end fund, whereas if you have a larger risk appetite you would have opted for open-end structures?
Close-end funds usually trade at a discount to the NAV and might have capital locks.
That is a challenge for the #EMH Theory
Read 8 tweets
Jan 14,
I have met many mathematicians, #engineers, and #statisticians, from different countries, but, the ones that are graduates of #French and Belgian Universities are probably the best that I have come across.
What makes these countries so proficient when it comes to teaching #maths?
During the early 1990s, most of the #Quants and Financial Engineers who joined the Financial Services industry in the City of #London came from France.
French Mathematicians changed the way banking & asset mgmt was done.
Actuaries at @CityUniLondon dominated Insurance
Neither @LBS nor @LSEEcon contributed to the development of the #Quantitative Finance or #Actuarial Science Professional Cultures in the City.
The major contributors were @hwugradfutures and @CityUniLondon
To date, LBS does not teach Financial Engineering as a pathway
Read 6 tweets
Jan 14,
Some people do bad things, but, they don't look bad.
They are others who do good, but, they don't look good.
It's how we are intrinsically made, that shapes our personality, defines our intentions and describes our actions.
Our #DNA is the repository that informs our evolution.
Ask the maker why he made it?
Not from the doer.
We human beings are at the receiving end, always!!
We are what we are!
We all are made according to a certain specification list.
If we try to mutate ourselves forcefully too much, we won't remain what we are.
Be #Adaptative without violating the complex laws of nature.
Read 6 tweets
Jan 11,
The fascination with Germany, the two wars, and the image of Herr Hitler continues to sell well in the UK.
The academic & general interest in the Third #Reich, Nazism and the Nazi party officials is a product which has generated economical worth
in billions
From Movies to Degrees
I am firm of the opinion that the #UK left the EU not because they were Anti-Bureaucracy in Brussels, or didn't want the immigration from the continent to disturb either the labour market or the accepted standards of behaviour.
It is the hatred of the #Hun that made them do this.
On the opposite side in #Germany or any other EU Capital, if you talk to the common man or woman in the streets, they are hardly cognizant of either the UK's past anxieties w.r.t the WW2, or Venom of English Nationalism, anymore.
It is a prelude to the past.
They have moved on!
Read 5 tweets
Jan 10,
The biggest problem with the #MBA Degree is that it does not distinguish among Big Corporate, #Microenterprise or #SME - Small and Medium Enterprise Management Pedagogical Models and Curriculums.
What is the MBA program preparing you for?
A career in the Corporate World!
Period
Many universities are most certainly pedantically confused when it comes to approaching the generalist management education strand offered via the professional routes at their business school.
Enterprenuership, Leadership and MSME Streams are all being offered in addition to MBA.
The dilemma is one of misunderstanding the role of education and curriculum development to meet the requirements of a modern firm.
Educationists and Educational Technologists have not paid attention to business didactics as much as they should.
Read 9 tweets

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