This document discusses the importance of networking for building professional relationships in finance. It recommends finding a cause you care about and attending social events to naturally build connections with others in the industry. Dedicating time and money to charitable organizations allows you to meet potential clients, mentors, and recruiters who can help advance your career. Attending industry social events provides opportunities to make common ground with influential people while also supporting worthwhile causes. Networking is crucial as relationships are important in finance, and getting involved in causes and events allows connections to form naturally.
2. There are many people who are trying to
make it out there. They have talent, grit,
and are up to date on what is going on in
the world of finance.
3. But they lack the other crucial
component: networking.
4. When it comes to finance, relationships
are so important that to neglect them is
to neglect your entire business.
5. Clients need an occasional phone call, not
always with a tip or offer to buy, but to
see if they have any questions or ideas;
maybe they know something you don't.
6. Outside of these relationships, though, other
relationships need to be forged, especially with
those in the industry.
8. If you live in a bubble where you build
wealth, make trades, and go home, you
will find that your circle of influence may
shrink over time.
9. However, if you follow in the footsteps of Joel
Greenblatt, a hedge fund manager and author of
the book, You can be a Stock Market Genius:
(Even if You're not too Smart!),
10. - and dedicate your time and money to an
organization like Success Academy, a charter
school in New York City that has been redefining
education since 2006, there may be some
surprising results.
11. Mr. Greenblatt's charitable work is not
meant to make money, but as any financial
advisor knows, it's all networking.
12. He might find his next protégé at a charitable
event, and that young person looking for a
mentor may find him or herself talking to a
finance industry recruiter.
13. The point is that you don't know where things
lead, and when you are already doing something
you care about, there's no pressure to make
something out of it, because you already are.
17. Any young professional in finance would have
been a fool to turn down an invitation to be
around these powerhouses.
18. Also in attendance was Jeffrey Deskovic,
a man who had been wrongfully
imprisoned for 17 years for a heinous
crime he did not commit.
19. Mr. Deskovic now runs the Jeffrey Deskovic
Foundation for Justice, a charity that helps fight
for the wrongfully imprisoned.
20. While he is not looking for work in the hedge
fund industry, many who are care about his work
and are eager to meet him so that they can help
support his cause.
21. And that was exactly what had happened when
he was there that night.
22. While an outsider may have found that he was
lucky to get to have fun at such a party, he
spent the evening speaking with people about
the work they do.
30. Willis Consulting Inc.
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