Out of the Box: “Once Upon A Time”
We were proud of people that stood on their own two feet and made something of themselves.
The news was the news and was reported without any political spin.
Our politicians placed the “Good of the Country” first.
People had manners and were civil and disagreements respected the other person’s opinion.
Boys stood up when girls got up from the table.
Foul mouthed words were frowned upon.
People disagreed with the President but respected his office.
If you drove a nice car it was appreciated, not spit on or keyed.
Working on Wall Street was respected profession and not a demonized one.
Being a “lady” or a gentleman” was what we were taught by our mothers.
If you didn’t have something nice to say you kept your mouth shut.
There was no crying in the trading room.
Elders and your boss were respected people.
Trying to make some money for yourself and your family was a respected attribute.
You said what you honestly believed and did not pimp yourself, your product, or your firm.
Socialism was a foreign concept to Americans.
All Americans stood up for the National Anthem.
We were proud of the American flag and proud to be Americans.
You did a deal, shook hands, and your word was your bond.
We realized that there was nothing you could do about getting older but everything you could do about getting old.
We did not make fun of people that were less fortunate than ourselves. Everyone deserves respect.
We realized that hard work made you successful and not luck or hope.
We believed that trying hard was just part of the process and that results were what really mattered.
We held the door open for people because we were brought up to be polite.
We learned to “execute.” The four steps of success are dreaming, thinking, planning and then executing. Very few people know how to “execute.” Learn to “execute.”
We learned that Wall Street is constantly changing and that “re-invention” was the key to long term success.
We realized that your reputation was everything and we guarded it like our life.
We strove to achieve the highest honor on Wall Street, which was to be thought of as a “Stand-up Guy.”
When someone told us something couldn’t be done, we went out and did it.
We were taught to give it our best and that nothing short of that was acceptable.
We learned to under promise and over deliver.
Look at the big picture. Think it over and think it under. Always stare hard at the details.
Many people have an “agenda.” Try to figure them out.
When money is on the table many hands will reach out. Be protective of your rightful share but not overly greedy.
Earn your way. This allows you to walk with your head held high, to look people straight in the eye and to be proud of yourself and your accomplishments. One absolute truth of Life is that you can never escape from living in your own skin.
Experience, on Wall Street, is everything. There is nothing that can replace it.
There you go. A little hard learned wisdom from myself and the Sages. I hope that it helps you.
Mark J. Grant
Chief Global Strategist, Fixed Income
B. Riley FBR Inc.
Information herein is for general use; is not unbiased/impartial; is current at publication date, subject to change; may be from third parties; and may not be accurate or complete. Opinions are the Author’s, not B. Riley FBR, Inc., or their respective affiliates or subsidiaries. This is not a research report or solicitation or recommendation to buy/sell the subject securities. Investment factors are not fully addressed herein. B. Riley FBR Inc. and their affiliates may have a proprietary position in the subject securities.
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