Peter Bravo

Dev Marketing - Dev Marketing
London - United Kingdom

    Portfolio Manager and Investor Renato Negrin Explains Best Ways to Invest Time

    April 8, 2017

    At some point in our lives, someone has likely advised us not to keep all our eggs in one basket. In finance, portfolio managers are the experts who spend their entire professional life thinking about eggs and baskets. What are the best kinds of baskets to look for? How many eggs is it okay to put in one basket? Is it possible to spread yourself thin by choosing too many baskets at once? In a nutshell, these are some of the most disputed issues in the financial industry.

    After decades of study, practice, and application, seasoned portfolio managers have gotten pretty close to understanding some of the answers. As it turns out, the concepts and strategies championed by portfolio managers apply to many areas of lives. Whether we’re in finance or not, we’re all portfolio managers in a certain sense – the eggs we’re given are time, and although we’re never sure how many eggs we have, we make daily choices on which baskets to put them in.

    Some people unwillingly become victims to the trap of putting too much time in one basket. Experienced portfolio manager, philanthropist and blogger Renato Negrin of Millennium Management explains that,” Young adults in the midst of launching their careers in their twenties are the primary victims. This ambitious young demographic, under the pressure of competition and financial growth, gets drafted into the mentality that success and growth are directly correlated to the amount of time spent at the office. Although it’s certainly true that some company cultures reinforce that mentality, I’ve observed that this is the most common source of burnout and post-college depression in young adults. In my experience, the most successful and happiest employees are those that set aside time for personal and spiritual growth. Delegating time wisely between personal and career development is the smartest thing a young careerist can do for the long-term.”

    Don’t get me wrong – I’m not advocating for young adults to lose focus in their career ambitions. However, as explained by a veteran of the financial industry, those who really value long-term goals should distribute their focus in proportionate measure between career life and personal life. The first step is to make an effort to separate the two. Renato Negrin advocates three primary baskets for young adults to distribute their personal time spent outside of work – the first basket is leisure time with family and friends, the second is a hobby that develops creativity, and the third is a hobby that keeps you physically active. Take it from the expert folks, investing your time outside of work into developing relationships, creativity, and physical activity can actually go further for your career than going all-in at the desk.

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