The most important thing that you need in a bank is the ability to work other people. If you can’t work with other people, then you are useless. This means the ability to both take orders from the coach, the ability to communicate with other people, and the ability to try not to get on other people’s nerves.
The thing about team sports that you don’t get with other efforts is that you are team graded. It doesn’t matter how good you are, if you can’t work with other people you fail. If it turns out that you are the only smart guy on the team, and everyone else are losers, then you have to figure out how to deal with that situation.
I don’t know of *ANY* successful traders and bankers who are lone wolf types. This is not an industry which people who can’t work with other people can survive for very long. The other thing is that people move from firm to firm a lot, but personal relationships matter a lot.
Also, it’s important that it is a team sport. Football will help you. Archery won’t.
.. I would argue that, in general, intelligent athletes bring countless intangibles to the table that your average student does not. If you went to an elite school, remember all those kids who had anxiety about staying up to date with classes, or who fail to turn things in on time, get blindsided by tests they didn’t prepare for, etc.? That rarely, if ever, happens to athletes. They have incredible time and stress management skills embedded from middle/high school on. They get work done under stress. And they don’t have panic attacks about not finishing a paper on time. Even if they procrastinate, it still gets done.
Ted Cruz’s Goldman Sachs Problem
Since he only got elected to the Senate in 2012, he didn’t have to vote on the 2008 TARPbailout, which many Republicans originally opposed; and, even after arriving in Washington, he didn’t express much concern about the details of bank regulation.
.. his political maneuvering may have distracted lawmakers from scrutinizing a rider, pushed by Wall Street lobbyists, that was attached to the spending bill. The rider reversed one of the new regulations introduced after the financial crisis, which had forced big banks to move some of their risky financial derivatives out of their federally insured divisions and into separately capitalized subsidiaries.
Ted Cruz’s Not-So-Secret Weapon: His Wife
Mrs. Cruz brings political talents to the table that could prove helpful in the 2016 election season. Her Goldman Sachs ties make her a “not-so-secret weapon” in terms of fundraising, per Representative Kevin Brady (R., Texas).
.. which has already paid dividends for her husband; he received $65,000 from Goldman Sachs employees and the company PAC when he ran for Senate
Goldman to Move Into Online Consumer Lending
Before the financial crisis, Wall Street firms were generally not permitted to do traditional consumer lending because they were not set up as federally insured banks. But as part of the government bailout in the 2008 crisis, Goldman and its archrival, Morgan Stanley, were required to become bank holding companies.
.. In early discussions, the firm has been talking about making loans that would be about $15,000 to $20,000, people briefed on the conversation said. In terms of distributing the money, Goldman is considering issuing a sort of prepaid card could be drawn down each time the borrower buys something with it.