What I Learned Working in Finance for 10+ Years
Finance is a religion greater than Jesus
Handing back my access card always makes me cry.
That’s the last task you do before you leave a job. When I quit working at one bank, the waterfalls burst out of my eyes.
I learned to love finance after being skeptical of the industry at the start. I learned the secrets of the finance world while working in banking and managing some of the largest companies in the world.
Here are a few wisdom bombs that will slap you silly.
Finance is a religion greater than Jesus
“It’s a faith based system.”
That’s what former president and CEO of the Federal Reserve Bank of Kansas, in the US, Thomas Hoenig, said about our global financial system. I agree.
The US dollar used to be redeemable for gold. Now it’s not backed by anything. You have to have blind faith in government that a currency is worth something.
One day that faith will be tested.
You don’t own your money
When you deposit money into a bank account it’s no longer yours.
