Andrew Menaker: Negotiating Bank Robberies and Market Hauls
To say Andrew Menaker took an unusual path to Wall Street would be a severe understatement.
While negotiating with an armed bank robber to de-escalate the situation and ensure the safety of customers and bank employees, he had to let Wells Fargo know he wouldn’t be making it to his first interview that day and, therefore, would have to pass on an opportunity to work with the firm.
Nevertheless, the circumstances of his armed conflict made the local news and caught favorable attention of the necessary people at Wells Fargo and he was quickly hired anyway to work with people who were also planning heists of their own — riches from Wall Street.
This set Andrew on a path to eventually set out on his own to work with heavy hitters at big banks, hedge funds, proprietary trading firms, and large retail traders, helping them get out of their own way.
And things he learned may come as a shock to some of you. The biggest players on Wall Street share many of the same hangups as you: Doubt, uncertainty, fear, anger, envy, elation, disappointment, dissolution, greed, and vice.
But the true masters have learned some tricks to operate at peak performance.
In this chat, Andrew shares some things he’s learned about these masters and some common pitfalls that bedevil the rest of us.
And you may be surprised to learn that your emotions can be an aide, rather than a hindrance to profitable trading!
If you want to be better at trading, or any other endeavor you’re pursuing, this nearly hour-long chat is a worthwhile investment in your future.
We talk to a lot of traders. Not just on this podcast, but across everything we do. And one thing that is common to most of them is some level of stress which must be routinely navigated. And it’s often a real struggle.
From an early age, David Hale had hustle in his DNA. At just 10 years old, he was sneaking into casinos to play slot machines. By 11, he was betting on horse races. And before long, he was hunting for arbitrage opportunities in baseball card values.
It’s hard to believe Denise Shull is a product of parents and grandparents who believed in “buy and hold” and wouldn’t even know how to sell a share of stock if asked to.
“I would not give a fig for the simplicity on this side of complexity, but I would give my life for the simplicity on the other side of complexity.” ~ Oliver Wendell Holmes
Reinventing your career after 20 years is no small feat. Now, imagine trying to do that by becoming an active trader. That’s exactly what Andrew Moss is doing—but he isn’t going in blind.
Among the many things that stood out during our conversation with David Lundgren, it was this quote: “I want to find a way to listen, and learn, and get a little bit better every day.”
