Bigsky Investments®
  • Home
  • Equity Research
  • Blog
  • On Watch
  • Market Data
    • Portfolio
  • 🌲

June 28th, 2018

6/28/2018

0 Comments

 
​Last week I took the CFA Level II Exam in Seattle. It feels good to be on the other side. Between finishing college and the CFA, the past three years have been nonstop academics. I’m glad I did it. It was a challenge and I conquered it! At the same time, I feel a bit behind in the career game. The CFA is a ridiculous amount of work and it didn’t help me get into the investments industry as the universal truth of, It’s not what you know but Who you know, flexed it’s might..
 
The ugly truth is the industry is dying. Countless veterans’ have told me the same thing. Despite a rip-roaring bull market, the professional landscape is scarred. The proliferation of passive investing and low-cost ETF’s has gutted the need for analysts and portfolio managers. Everybody has more-or-less the same access to information thanks to the Internet and if everything is just going to grind higher in financially engineered unison why bother with stock-picking or investing money in an actively managed fund? The ugly truth is that what limited roles remain in Wall Street are reserved for the ivy-league elite. You are born into it.
 
I tend to think that everything happens for a reason. Perhaps it’s for the best I didn’t end up in a concrete jungle, suffocated by smog and diseased from the rat-infested sewers. Montana is God’s country. The air is fresh and the water clean. Life is better here. I got a good job with a local bank that I’m excited about. Who knows where I’ll be in ten years but at least for now I’m on the right track.
 
 
There have been many interesting developments in markets. I’ll do my best to keep you updated with greater frequency from now on.
0 Comments
    Picture

    R. J. Sullivan IV

    Equity Research
    Portfolio Management
    ​Trading

    Picture
    Picture

    Archives

    September 2019
    March 2019
    December 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    January 2018
    October 2017
    July 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    November 2013
    October 2013

    Categories

    All

    RSS Feed

© BIGSKY INVESTMENTS®​

DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER BIGSKY INVESTMENTS®, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.