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Jul 23, 2009 8:05 pm

[quote=B24] Sidebar:



I am not just a Foster’s drinker. I drink Guiness, Beamish, Sam (several varieties), a couple of IPA’s, and actually Michelob (not that Ultra crap though). I HATE light beers, I won’t even SMELL a fruit-flavored beer, and I’ll drink an occassional Corona at a barbeque or on the beach.



We had a party last week, and my wife went and bought beer (without my knowledge). She bought Bud Light Lime and Michelob Ultra. That was a big disappointment.[/quote]







Excellent taste then my friend. Glad to hear you don’t drink Foster’s
Jul 23, 2009 8:07 pm
MBA2FA:


3. Will be uncomfortable starting this type of professional relationship with someone who’s brand new,

Again, won’t I  have this problem with anyone I call?  I haven’t talked to some of these contacts in 2-3 years (my failure to keep in touch can be saved for another discussion), so they don’t have to know how new I am.  No, I won’t lie, but I don’t have to announce my newness.

  True, but most of the time when people are calling from a list or don't know anyone personally they have no idea if you are new or if you've been doing it 20 years.  They call it "fake it til you make it".  Pretend you've been there for a quarter-century, the only one who knows the truth is you, your mom and your co-workers.  Thats just why I was thinking that would be a tough approach with someone who was a recent colleague or knows more about your past than a stranger would.  I think in the long run the contacts will be a strong point, though. 
Jul 23, 2009 8:16 pm

I’ll be around.  This forum is like a bad addiction.

As far as the BM’s assessment ability goes, I would hope that with significant experience managing multiple brokers, he would gain insight as to what good looks like.  Maybe he was a terrible advisor, but has the ability to identify people that will be successful.

One of my professors in business school co-authored the McKinsey book on corporate valuation and taught classes on M&A.  Has he ever personally been responsible for any large Mergers or Acquisitions? Nope.  Can he spot a bad deal a mile away? Yup!  Do corporations pay him tons of money for his insight? Yup.  Get where I am going with this?

Incidentally, the BM and ABM both started out as advisors, so they aren’t completely ignorant. 

As far as the “Luck” factor goes, this concept extends far beyond financial services.  We actually did a case study on it in business school.  There are numerous examples of almost identical people and businesses… some fail and others are wildly successful and nobody knows why.  What people do know is that the successful people/organizations exhibit common traits.  Without these, failure is almost inevitable.

There is a great Harvard Business Review Article called “Resilience” that explains some factors very well.  The book “Tipping Point” by Malcomb Gladwell also offers some interesting insight.

So as to the bet.  To get your beer, do I have to make it a year past my start date or a year in production?  Since volt is convinced I am that stupid, perhaps he should throw in a jar of vegemite if I pass my Series 7.

BTW, how do I prove I really made it a year?  I see lots of people accusing others of being liars.  Suspiscion will be even higher is there’s beer on the line.

Jul 23, 2009 8:18 pm

[quote=B24]Sidebar:

  I am not just a Foster's drinker.  I drink Guiness, Beamish, Sam (several varieties), a couple of IPA's, and actually Michelob (not that Ultra crap though).  I HATE light beers, I won't even SMELL a fruit-flavored beer, and I'll drink an occassional Corona at a barbeque or on the beach.   We had a party last week, and my wife went and bought beer (without my knowledge).  She bought Bud Light Lime and Michelob Ultra.  That was a big disappointment.[/quote] Have you tried Sam Smith's Nut Brown Ale?
Jul 23, 2009 8:28 pm
noggin:

Have you tried Sam Smith’s Nut Brown Ale?

  That's a very unfortunate name for a beer.
Jul 23, 2009 8:32 pm

[quote=noggin][quote=B24]Sidebar:

  I am not just a Foster's drinker.  I drink Guiness, Beamish, Sam (several varieties), a couple of IPA's, and actually Michelob (not that Ultra crap though).  I HATE light beers, I won't even SMELL a fruit-flavored beer, and I'll drink an occassional Corona at a barbeque or on the beach.   We had a party last week, and my wife went and bought beer (without my knowledge).  She bought Bud Light Lime and Michelob Ultra.  That was a big disappointment.[/quote] Have you tried Sam Smith's Nut Brown Ale?[/quote]   Are you making a gay joke?  If so, that's not cool man.
Jul 23, 2009 8:38 pm

Wow, didn’t know Sam Smith’s Nut Brown Ale is such a sensitive subject to you guys.  It still is an unfortunate name.

Jul 24, 2009 12:06 am

Incidentally, the BM and ABM both started out as advisors, so they aren’t completely ignorant.



The book “Tipping Point” by Malcomb Gladwell also offers some interesting insight.



BTW, how do I prove I really made it a year? I see lots of people accusing others of being liars.



[/quote]



Couple of points MBA



- BM and ABME started as advisors. Like I said, if they could have made it as advisors, they still would be.

- Malcolm Gladwell is a tool. He started two failed businesses and couldn’t make it playing hockey, so he blames it on his birthday (read the book “Outliers”). He’s a clown, please don’t listen to anything he says.

- You can prove it by blotting out your real name and sending a copy of your production snapshot to me and volt. I have no problem providing you my email address.

- I will then give volt my office address, you guys can come and we’ll drink to your future success. Volt has shown he is willing to admit if he’s wrong, I have no doubt he would this time.

Jul 24, 2009 12:36 am

[quote=MBA2FA]
I’ll be around.  This forum is like a bad addiction.

As far as the BM’s assessment ability goes, I would hope that with significant experience managing multiple brokers, he would gain insight as to what good looks like.  Maybe he was a terrible advisor, but has the ability to identify people that will be successful.

One of my professors in business school co-authored the McKinsey book on corporate valuation and taught classes on M&A.  Has he ever personally been responsible for any large Mergers or Acquisitions? Nope.  Can he spot a bad deal a mile away? Yup!  Do corporations pay him tons of money for his insight? Yup.  Get where I am going with this?

Incidentally, the BM and ABM both started out as advisors, so they aren’t completely ignorant. 

As far as the “Luck” factor goes, this concept extends far beyond financial services.  We actually did a case study on it in business school.  There are numerous examples of almost identical people and businesses… some fail and others are wildly successful and nobody knows why.  What people do know is that the successful people/organizations exhibit common traits.  Without these, failure is almost inevitable.

There is a great Harvard Business Review Article called “Resilience” that explains some factors very well.  The book “Tipping Point” by Malcomb Gladwell also offers some interesting insight.

So as to the bet.  To get your beer, do I have to make it a year past my start date or a year in production?  Since volt is convinced I am that stupid, perhaps he should throw in a jar of vegemite if I pass my Series 7.

BTW, how do I prove I really made it a year?  I see lots of people accusing others of being liars.  Suspiscion will be even higher is there’s beer on the line.

[/quote]

If you can’t start making your point in under 100 words you won’t last a month much less a year.  Spare us the books bro.

You’ll pass the 7, you’ll brag, and then… welcome to the insanity.  I’m a man of my word, hope you are … 1 year from your can sell date we can use a third party source like B24 to confirm you are still active.   Mmmmm beer!

Jul 24, 2009 12:43 am

[quote=Moraen]Incidentally, the BM and ABM both started out as advisors, so they aren’t completely ignorant.



  The book “Tipping Point” by Malcomb Gladwell also offers some interesting insight.



BTW, how do I prove I really made it a year?  I see lots of people accusing others of being liars. 



[/quote]



Couple of points MBA



- BM and ABME started as advisors. Like I said, if they could have made it as advisors, they still would be.

- Malcolm Gladwell is a tool. He started two failed businesses and couldn’t make it playing hockey, so he blames it on his birthday (read the book “Outliers”). He’s a clown, please don’t listen to anything he says.

- You can prove it by blotting out your real name and sending a copy of your production snapshot to me and volt. I have no problem providing you my email address.

- I will then give volt my office address, you guys can come and we’ll drink to your future success. Volt has shown he is willing to admit if he’s wrong, I have no doubt he would this time.

[/quote]

This works too, it would be my pleasure.

Jul 24, 2009 2:06 am

I can admit when I am wrong too.  Jones guys aren’t all bad.

I don’t think I’ll brag if I pass the 7.  That’s just a ticket to the game.  I’ll brag if I make it to the end of year three. 

We can all meet at Caesars Palace. Volt is buying.

(I kept it under 100 words.  Are you impressed?)

Jul 24, 2009 2:18 am

I was thinking Vegas, but I’m flexible.

Jul 24, 2009 2:18 am

[quote=iceco1d]Are we talking Caesar’s Palace…Vegas?  or AC?[/quote]

Road trip!

Jul 24, 2009 3:13 pm

I’m good for either Vegas or AC. I’ll buy the 10th round if volt, ice and MBA pick up the first nine.

Jul 24, 2009 3:28 pm

[quote=Mike Damone][quote=noggin][quote=B24]Sidebar:

  I am not just a Foster's drinker.  I drink Guiness, Beamish, Sam (several varieties), a couple of IPA's, and actually Michelob (not that Ultra crap though).  I HATE light beers, I won't even SMELL a fruit-flavored beer, and I'll drink an occassional Corona at a barbeque or on the beach.   We had a party last week, and my wife went and bought beer (without my knowledge).  She bought Bud Light Lime and Michelob Ultra.  That was a big disappointment.[/quote] Have you tried Sam Smith's Nut Brown Ale?[/quote]   Are you making a gay joke?  If so, that's not cool man.[/quote] Not a gay joke but the responses have made me laugh on a Friday morning.....
Jul 27, 2009 3:21 am

Tom Milt called me when I placed a 400k in mutual fund buys with a non-preferred fund company. He told me that “an IR of my level should have used a preferred family” and that LP was coming out soon. I hear Jones had to put him on the payroll again because he was being hauled into court so frequently.



Aug 12, 2009 8:21 pm

I want to leave Jones. It’s been a year. Drank the kool-aid, wrong flavor for me. Anyone elaborate on the legal ramifications for leaving and going independent?

Aug 12, 2009 8:26 pm

Read your contract.

Aug 12, 2009 8:36 pm

Or do a search.

Aug 12, 2009 8:54 pm

My LP thanks  you.