Spielman: Most trading floor workers lived in quiet desperation for bonus checks
Matt Spielman · Matt Spielman – Executive Coaching in Asset Management (Capital Allocators, EP.210) · Aug 23, 2021 · at 8:05
Matt Spielman, founder of Inflection Point Partners, reflects on his early career on Morgan Stanley's trading floor and what motivated his transition to executive coaching.
0:00 / 0:26exact quote · 26.1s
720p mp4 · rendered on demand · StarZero watermark
“I saw a majority of the people, as I say, living out the Henry David Thoreau quote, which is the mass of people lead lives of quiet desperation. There were people there who absolutely loved what they did. They had Bloomberg terminals at home. They read Barron's on the weekend, but that wasn't the majority. The majority, they were waiting for check day at the end of the year, and I saw them as for the 364 other days. Walking around a little bit like zombies.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Matt Spielman
Spielman: LPs Celebrate Talent Poaching as a Badge of Honor Unlike GPs
“That promotion, developing people, yes, for your organization, of course, but also seeing the people who are on your team grow to such a point where they're hired away. To a bigger opportunity. That's like a badge of honor versus on the GP side viewed as a sca…”
Spielman: Asset managers reach executive roles via analytical skill, not leadership ability
“First, it's important for them to understand how they and their organization got there, which is they got there not because they were a great Leaders, but because they were really good at doing the job, doing the work, doing the analysis, doing the presentatio…”
Spielman: Busiest executives are the most committed to executive coaching
“Those people who were the most busy and had the busiest schedule and they were traveling all over, they were the ones who were voracious to read the books or the articles and to have the conversations, and they kept all the coaching sessions.”
Spielman: 80% of Asset Management Professionals Are Myers-Briggs Thinkers
“The general population is 40% thinkers, T, and 60% feelers or F. In my 460 profiles, 80% thinkers and 20% feelers.”