INVESTMENT BANKS DESTROYED in this AWESOME Presentation - Part 2 of 5

[@InstituteofTrading]

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[@Naregmusic]

5 years spent in business school majoring in finance and did not come across this kind of information. Education system is going down the drain literally. Thanks Anton. What a legend!

[@truthspeak6608]

Nareg Sokonian the education system is already in the sewer

[@sneakerworldromania32]

Nareg Sokonian Wait , are investment traders making 50 mil a year? Or 50 mil to trade for the banks?

[@kabutarlal1926]

Education system exists to create army of robot workers which was needed in 18th and 19th century during industrialisation. We have long overdue of correcting the current education model.

[@MarkOBrian]

The whole education system is a load of bullshit! Paying 40k+ for a degree that’s most likely worth 10k max. Universities only care about ££££ and paint a picture of roses a pretty yellow sun in the sky saying you’ll be offered your dream job once you graduate.

[@commanderchopchop7290]

@@MarkOBrian Yeah only 3-4 out of 30-40 students pocket the dream job, rest do paycheck to paycheck.

[@five5212]

With his passion and vast knowledge of his subject, a wonderful dry sense of humour, and an ability to convey infomation clearly and concisely Anton really is an exceptional teacher.

[@dayoidowu1653]

Trading ethics!!!

[@evaburnz]

judging by your comment you +K M are an intelligent character in my opinion.

[@Whatshappening2024]

haha he is savage in this presentation, I feel sorry for the students but they need to be smacked to wake up from the matrix.

[@favoriltd]

Anton is a the man who will live infinite. Thank you for your envisions!!

[@TechieTard]

You've got to love the way this guy just slaps the investment industry and crushes the students illusions. Best way to get a wake up call is via the way of SHOCK FACTOR!

[@utkarsh12]

i feel like the uni was like, uhh may be we shouldn't have invited this dude. He's telling them how it actually is

[@HyperionLeaders]

Many people lose thousands of dollars without having heard Anton, if they had the opportunity to listen to Anton before, perhaps now would be millionaires. I am one of them and I'm not ashamed to say it. Even without having made any Anton program, I could understand it to be able to say that he is absolutely right. After losing 100,000 in the market, and become bankrupt, I can now understand each letter of his mouth. Thanks anyway Anton. Continue with your good work.

[@chap0syoutuification]

+A. “FXTRPRO” Lanca Where are you saying you went wrong?

[@alexpaltanin4980]

I estimate you.

[@mozmaori]

Anton said that losing money not a problem as is part of learning/industry. If u don't lose anything you have no experience I e you're an amateur

[@MrAdamz123]

Well, Management consultancy it is!

[@kevinolson1835]

Not only is he wicked smart, he has the best haircut I’ve ever seen 😂. Great presentation.

[@vonb2792]

This is such a true video, and to add on the depressive side... Robots have now taken the job of the ''support'' teams in many area... like research.. often the trader is left to his own research (especially in small - mid firms where they wont train you cause they expect you to know)... Starting small-mid firm was they advise i gave to all my lawyer clients who wanted to make big bucks... why? Cause you learn the business-running, the multitasking, the strategies... instead of being '' I do 1 thing only'' type of person.. if you want to be manager, you need to know all the sides.. big firm will silo you... so many times I've heard ''how come the new manager is coming from outside, he only got 4 years experience the low level position compared to my 10 years in same role, and he did other stuff!'' ... the other stuff are why he got hired.

[@dancingdream4u]

Salt and fire - so much knowledge to gain if one desires to listen and learn. Thank you.

[@bhaskart488]

I found this man at the right time! In my freshmen year of College CS Major.

[@neirneir1511]

10 years later still pretty relevant

[@GhostMode-ms1uz]

Fr

[@stuontwo677]

I actually think that whilst The Technology Function is a cost centre, it's a very necessary support function for banking today. Yes of course the traders make the lions share of the money however the technology function is also an enabler for that to happen, given that as you said the technology is making people obsolete, it's got to be a symbiotic relationship between both to make a success of things on a larger scale given the overall shrinking of the amount of money that can be made.

[@bla7091]

I only entered the industry about 5 years ago (2018) so can't speak for any time before. By then, Quants had moved into the front office and aren't seen so much as a cost centre anymore. I'm one of them and of course I have to cover the full end to end process: research the data, develop strategy & implement it in code + monitor etc. When I do that, I'm taking an equivalent position to a trader although formally I'm not a trader.

[@basselalhindi]

Sales Traders seem like dignified secretaries!

[@suntzu8522]

The part where you said, they have "machines built to predict what the other machines are doing" just hit the nail over the head. The recent hype over electronic trading in the news and so forth and the introduction of Michael Lewis's new book on how HFTs are front running the markets, attests to what you just said.

[@moaiedsuhail4139]

thank you for sharing ANTON KREIL, very impotent massage.

[@karimkarachiwalla7073]

Amazing video. Thank you for educating us.

[@bigstikk5231]

this guy is a god. a gift to a market full of scams

[@tonyb1486]

this dude is savage. lol.

[@alberoDiSpazio]

Then Skynet becomes active.

[@Johnny-k9f]

I work in one of the major financial centers in the word. What this guy says is the sheer truth. Should you be interested in the markets, get a financial education, learn how to invest your own money, the different invesment vehicules that exist but never work for an IB, hedge funds, etc. Stay away from financial markets, or you will get stressed for no reason. The financial market is cruel. I once heard a guy from the trading desk say "who brings in money gets money" - meaning that if you are not a trader....(figure it out)

[@ManPursueExcellence]

Are you recommending to NOT work for a hedge fund? I’m looking to enter this industry in the next year or so. I’m just trying to gather more info.

[@majordelays4909]

@@ManPursueExcellence and how did life pan out since this comment?

[@MrSweetness1983]

One algorithm to rule them all.

[@sechi7239]

What I don’t get is, if investment banking’s bread & butter is taking trades and the commission doing that has decreased 80% over the years, then why has G&S’s stock and market cap gone up during that same period??

[@savagesavant4964]

One of the biggest problems with Western Society is that almost EVERYBODY lies to their neighbor about any & every thing possible. Anton Kreil should be an inspiration to "realists or people in general" everywhere. Because It is one of the most gross injustices to know the potential consequences of your friends & relatives decisions or actions, yet NOT tell them or proactively do anything to warn them of their impending misfortune. This is why I have always told people the truth about their flaws or mistakes. And I have always confronted my own flaws as a means of improvement.

[@andrewweng1929]

if the client has the option to make the investment bank take the risk on a position like he mentioned, what makes them buy anything on the market price when they can go shopping around the Investment Banks who are willing to take the risk?

[@InstituteofTrading]

***** THEY DO !!!

[@rodrigopoppe]

I really have much to learn with Anton

[@jakubvalenta5403]

Thank you for these precious information 👍

[@cryfrexhadson5379]

good information. big up bro.

[@sneakerworldromania32]

Wait , are investment traders making 50 mil a year? Or 50 mil to trade for the banks?

[@joshuaferenczi]

is this relevant for american investment banks?

[@mexxal16]

+Joshua Ferenczi lol.....wall street/ city. all the same

[@ivanof214]

+Joshua Ferenczi Of course it's relevant.

[@abhishektaksali5840]

No. Only for Afghanistan.

[@steadyko6662]

@@abhishektaksali5840 lol

[@anarki777]

You have to trade with your own money. So are you saying I need to already be rich in order to stand a chance of making money?

[@anarki777]

***** No. Our government pays for the tuition fee through a student loan.

[@InstituteofTrading]

anarki777 then you have to pay back the loan. so you pay for it. Also having capital to trade is essential. there is a minimum for doing it properly. We are being responsible by telling you this, so you don't keep starting and stopping due to a gambling mentality and always losing money and never making progress. Now if you don't have the capital to start then who's fault is that? is it ours? also ask yourself this. If you cant make money outside the financial markets, what makes you think you can make it in the financial markets? i.e. a place where animals are literally queuing up to take your money. they will rip you apart. So you assume that $25,000 is rich. Anyone can make $25,000 doing anything then starting to trade with some capital. If you cant make it outside the financial markets, again...whats makes you think you can make it the financial markets...???

[@anarki777]

InstituteofTrading Indeed, I do pay for my university fees directly through student loans. However, the point was that not all people who go to expensive and prestigious universities are from well-off families or have large sums of cash at their disposal. My comment was not disparaging the authors efforts to communicate the truth about trading, nor was it blaming anyone for mine or anyone else's financial situation. I was simply pointing out that you require a large sum of money to even begin. I think it is naive of you to suggest that someone from a lower class background could realistically expect to generate £25k in a reasonable time frame. Of course, you can retort by saying you could start a business etc. However, if I am able to generate £25k in savings so easily by starting up my own business whilst still being able to live and pay rent, why should I even bother to start trading and working for someone else? I am not trying to generate sympathy - life is unfair in a multitude of ways and I accept that. I simply felt the need to defend my comment against your criticism which was first aired out of frustration.

[@Aelevant]

It took Warren Buffet his lifetime to build his money to what he have now. Back then 10K he saved up was big deal but he managed to save up that capital outside the financial markets.

[@jamesram4869]

anarki777 agreed

[@washingtonconsultants1041]

Does he discuss tactics? Strategies?

[@patrykties]

Thank for sharing this with us, great insight and inspiration for me. Perhaps in upcoming years I will start my adventure in hedge fund industry...thinking city>luxemburg>(asia investor focus).

[@adokoka]

Great educational contents! I have suspected this for some time. Aton, thanks for revealing the truth.

[@vettefever67]

What does he mean when he mentions the volatility of the fund versus the targeted return? I didn't know there was a metric to accurately define how exposed to risk a fund is.

[@SantoshKanekar]

You can either take the std devn of past returns or projected Std Devn based on backtesting of the model. Any model will be built for s particular market type in which case you can take the historical volatility of the market/instrument as a basis. Hope that helps

[@vettefever67]

Thank you very much

[@wooloongabba]

volatility of the fund = max drawdown as percentage

[@vettefever67]

Thank you, appreciate it.

[@yaboifet9058]

this guy is amazing

[@SimonGrowl]

This is all excellent info, but the guy looks hammered for 35. Suppose the lifestyle takes its toll, eh. Bloody impressive stuff, whatever, and inspirational rise!

[@1992LVM]

SimonGrowl Well he also is sipping Red Bull not simply water. That is a sign of not a healthy lifestyle in general.

[@beren1223]

SimonGrowl I could tell you a thing or two about the life styles of Alpha Trophy Males, since I studied them as a wildlife biologist.

[@SimonGrowl]

***** Yeah, he posts a lot about his amazing holiday locations and lifestyle in Thailand / Singapore, but he can't feel healthy being like this. All that booze, body fat, no exercise and existing on Red Bull like this is taking an early toll on the guy. Ten more years of that, and he won't be able to enjoy all that cash. Time to switch to a healthy lifestyle before it is too late.

[@SimonGrowl]

***** I am on my 12th can of Red Bull already today, what do you expect.

[@Fearlessfighter0]

SimonGrowl So true

[@DataJuggler]

I think it is funny when he says only $300,000 per year like that is nothing.

[@pradyumnarahul]

Given a tax of 46% for income > 150K. 300k is just 162k. Plus when he says it's nothing, he basically means it's not like the reality shown by the media or movies

[@stephenmegos692]

I think the idea is that for a Trader to make into that elite bracket, you have to spend (In the US at least) 4 years on a top tier (Ivey League level) education, and at least 1, if not 2 forms of graduate level degrees, often times including an MBA from a top tier school. That could end up costing, roughly half a million dollars on the low end, assuming you paid straight up and didn't use loans. There's also an opportunity cost because you can end up spending 6-8 years before you even get an associate/internship level job, so you could've been working that whole time and making money, but instead you're going to school that whole time. So there are plenty of in demand fields including Engineering, Computer Science, Medicine that requires the same if not half the amount of time/money spent on education in order to reach a well paying job in a growing industry.

[@zhengxijiang4087]

as think for senior it is little

[@utkarsh12]

i think he says that due to the hours and stress required to get that

[@kace2006]

4:21 dude writing "I'm fcked"

[@Kitman0304]

Brutal facts!

[@castlehedge]

My life is over lol

[@cryptovisuals9182]

Where are you now though?

[@EliteBadFrog]

How are you holding up John?

[@castlehedge]

@@EliteBadFrog Thanks for asking. Left the sell-side and planning to relaunch my fund soon...only took me 10 years... 😅

[@leec.8062]

thanks dude! very valuable information!

[@jason18401]

He talks about commission here and how the fees dropped 80% but hasnt that opened more frequency?? So more people buy more often?? Am i missingg something?

[@omarlives]

not fees. income has dropped 80%. they not making money. thats what dropped. not fees.

[@Crapbaq]

+jason18401 I agree with you. Lower prices should in theory bring more customers, and thereby more orders = more income. But yeah it depends on the price elasticity. I guess the only explanation is, that it is a saturated market.

[@mattslowikowski3530]

20% annually?

[@mattslowikowski3530]

also what is the minimum investment, typically?

[@jeanfourcade3049]

24:40 It gets brutal. Brilliant.

[@zhvng]

If most of the good traders have left IBs to go to Hedge Funds...which Hedge Funds did they go to?

[@yaboifet9058]

as a software engineer, i feel good, but also a bit left down, so much greed.....

[@cspg]

Good video, but i think the prof needs a Nap.

[@emptyskullify]

An ibanker/trader that appears awake isnt a true ibanker/trader xD

[@a.3160]

@@emptyskullify 😂😂

[@wsin445]

omg he looks like a proper panda nowadays

[@hdr61]

Look at the professors all confused lol

[@alejandrogalindo4754]

Hold on... put your money at hedge funds is investing, it is not trading... If you trade you own money taking long/short positions at markets, then yes, you'll be a trader, an amateur or a professional, but as a student, you are still paying the school, and after graduation, you will continue paying the school, so, this works only for students with rich parents, not average ones. So what advise is good for average students? may be, learn to invest in low and high risk diversified portfolios, then with the time and with enough money to risk you will be able to learn and be a trader.

[@truthspeak6608]

50,000 pounds is one heavy degree

[@StickyPlasters]

I'm guessing it includes maintenance loan

[@Alpha_Sadigh]

🙏❤

[@lisirril]

A good talk

[@choozu]

If anything, Anton DESTROYED(!) the likes of Tai Lopez by showing how you sound like if you actually know what the fuck you’re talking about 😅

[@zhengxijiang4087]

are there people who also work in these industry as employee to confirm what he is telling? that Machine take all the short term profit , is not convincing for me

[@abkproductions1962]

+ super

[@lascoob970]

you can make way money as a plumber -.-

[@bobbyfox7562]

Good one.

[@rawcircoking]

Yea can! Then use that some of that money to grow your plumbing business and your own wealth through your risk adjusted portfolio.

[@elisabethreichstamm3840]

That also shows that in a couple of years only the mediocre people will stay in the business and to keep up the system they will recrute mediocre to incompetent people as soon as this message is spread. The talented people will stay away from this. So a bunch of mediocre people working in investment banks.

[@NotShowingOff]

Elisabeth Reichstamm mediocre ppl being paid 300k is pretty good. Clients cannot know they are mediocre. So obviously the staff is recruited from the “top” schools in the country, trading things without understanding what they are trading.

[@mikeengineer6532]

GORDON GREKO LEFT THE INDUSTRY !!

[@bishoyhanna3949]

guys come to the realization the investment banking industry is dead but the investment industry isn’t. Long story short, learn how to trade don’t do it at a bank. maximize ur profits and save ur time

[@denieerham5873]

then what's the point then going to the university to get a business degree and going to student loan debt then ?. might as well use that money to get a good internet couse about trading the stock market and use the rest of that many as capital to trade. in other words learn and trade with your own money. even if you blow out at least you got the experience and experience is more valuable than a college degree. as a note hedge fund manager would rather hire some one who have trade the market as long as he has a good trading track record at that's my opinion

[@altaimountain]

Is he saying that day trading is dead? Scalping is dead, that's for sure. Big cap stock day trading is kinda dead. But what about small cap? futures? e-minis? don't ppl make money out of them still?

[@livefree1030]

Day trading isn't dead, but scalping has gotten very difficult since large firms like CITADEL use high frequency order flows which can effect your buy/sell or short call spread.

[@avantgardenovelist]

Spread is only crucial if you're a HFT arbitrager or the like. If, based on the charts one is dealing with (irrespective of those of CITADEL), one scalps for profits, either one is right or wrong on the call, despite the spread.

[@michaelratchford9508]

I'd switch majors when the lecture was over,,,geez

[@Kuldeeptechzone]

Good Iam new

[@dennismoca1266]

50 hedge funds disliked this. spot emmmmm!!!!! 😅😅😅😅

[@charleseberenz189]

this fukin guy is great

[@xaviescuder4660]

how can we know if this is actually true?..

[@InstituteofTrading]

work a few years for an investment bank and you will find out...

[@mexxal16]

+Xavi Escuder look around you and use common sense and you shall receive....

[@omarlives]

my girlfriend's bro was a trader driving to my house in a ferrari he made it. now he drives a honda n told me out his own mouth the industry is over n quit.

[@omarlives]

To be entirely fair, He could have said that so I dont even try to be as successful as he was because I am clearly much more intelligent that he is and so You never know if he just said that to deter me.

[@Viewer13128]

+PaiNExoTiC What's the difference between trading stocks and forex?

[@OfficeDaily]

You absolutely must loose to understand how to win!

[@CharlesSmith-vk8co]

These guys think like:Damn,should have gone to medical school!

[@darrenlefcoe]

been there for 20 years. would deliver exactly the same series... move on.

[@ManPursueExcellence]

With your experience, do you still think joining hedge funds is a viable path today? I’m looking to enter in the next year or two.

[@themaster6641]

Should have gone to engineering school damnit. Atleast, there you are contributing to society. And won‘t be replaced by machines lol.

[@Caribbean_King]

There's no way if I were a Jr partner with a $300k/yr salary that I'd be broke, considering that I have the knowledge of how it all works. I'd use my knowledge and money and do my own investing! Like, who are these people?? All you need is one nice car and a home with the things you want. For me, that's simple. There's just no way. LOL I'd have a bank salary on top of an investment portfolio that's winning.

[@InstituteofTrading]

Anton is dead right in this video that even if you earn quite a lot in London you still live a basic existence. Even now by the way $300K is GBP240K. You would end up with less than GBP100K in disposable income per year, due to Bonus referral and tax rates. So lets say GBP8K per month. If half of that goes on a mortgage you're looking at around a GBP700K-900K property depending on terms of Mortgage (Rate and length) - This is what you get in West London (Fulham) for 700K-900K www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION%5E87507&maxPrice=900000&minPrice=700000&includeSSTC=false - and it would tkae you 25-30 years to pay off the Mortgage - (25 years X 12 Months) X 4,000 = GBP1,200,000 (what YOU end up paying for the property. Living in a 1-3 Bed flat in West London for 25 years is not cool or punk rock. Its a basic existence. Especially if your top line earnings are $300K per year. You should do more work on these things and find out what the real situation is before you state a life plan when earning $300K Gross in London.

[@Caribbean_King]

InstituteofTrading When you grow up poor, you know how to live with little. So. I, I wouldn't live beyond my means. I'd sacrifice a fancy London loft and get my ass up and make the commute! But you don't feel me though. LOL

[@Caribbean_King]

InstituteofTrading Furthermore, I'd use my knowledge and money to make me more money on top of my bank salary. Anyone with half a brain and access to capital doesn't just have one income stream. Most people rely on one job because they either don't know any better or are fine with being a worker bee, or they're just too scared to invest money. I'm not. I'm going to take my hard earned money and make it work for me.

[@InstituteofTrading]

easier said than done. plus Anton does actually say in this video and others you should flat share in your 20's and always live well within your means and he doesn't believe in Mortgages. Check out 10 Secrets to Financial Success Video too.

[@Caribbean_King]

InstituteofTrading Well those without a plan, plan to fail. I have a nice plan! Dentistry, trading at the level you're on if not better, investing in apartments and buying franchises. I don't see too many holes in that plan!! Especially if I minor in business finance during undergrad so I'm not one of the many people who open a trade account and just lose money due to not having a clue about what they're doing. As you all promote, the stock game can be figured out! So if you make the right sacrifices like not buying fancy shit as soon as you make a come up, you can achieve this lifestyle that you promote. Education is the key!

[@honeyisaac]

man look at his black eyes.

[@NotShowingOff]

It consists of devouring up everyone’s soul for so many years... Jk...it’s probably the lighting.

[@virutronresearch5845]

No time for bullshit here.

[@chris11111-s]

This guy needs some sleep

[@optionsupdate]

junior traders getting "$250 million" does he mean $250,000 ?

[@dadsoldfarm]

No he means million. I don't think a bank would give a trader just 250,000 to invest and expect him to make much money.

[@vladimir84mai]

That's not pay. That's the limit on how much of the bank's money they can trade/invest.

[@optionsupdate]

thanks

[@bscu0493]

Is he trying to dress like Gordon Gekko on purpose?