…We’re at the beginning of a recalibration of the role of finance in global economic life. The excitement and the money that attracted you to Wall Street will probably not return for a long time. If these really are the only reasons you became a financier you probably should find something else to do with your life.
…There’s a question you might ask yourself: Am I looking for a job, or a calling? On the one hand the importance you attach to your career suggests a desire for a calling; on the other, your instinct to abandon your chosen career the moment it ceases to offer an easy path to fame and fortune, suggests that what you’re really in the market for is a job.
…But really, the same rule that applies to properly functioning financial markets applies to other markets: There’s a direct relationship between risk and reward. A fantastically rewarding career usually requires you to take fantastic risks. To get your seat at the table on Wall Street you may have passed through a fine filter, but you took no real risk. You were just being paid, briefly, as if you had. So which is it: job or calling?