We are living in a fast-paced, unstable time period where things change swiftly and dramatically. The corporate world is more dynamic and chaotic than ever. In our parents’ or grandparents’ generations, they would accept a job and hold onto it throughout the entire duration of their careers. However, those days are over and done with. The advancement of technology, globalization and the corporate view that employees are disposable have all changed the game.
Technology is revolutionizing almost everything. Even if you don’t work in tech, there is a high probability that you will need to know some coding. according to Marty Chavez, retiring co-head of the trading division at Goldman Sachs. Chavez believes that the future for investment banking involves the combination of traditional investment with modern technologies. If he said this five or 10 years ago, Chavez would have been laughed out of Goldman Sachs. The traders would have mocked him for the crazy notion that automation could replace their abilities and stock-trading prowess. Well, it did.
Most people tend to associate with like-minded peers, co-workers and colleagues. They’ll also seek out friends outside of work who are in the same profession. The consequence is that they’ll have a very siloed view of the world. It is easy to fall into a groupthink mentality. It makes sense to diversify your friends and acquaintances. This way you will have the luxury of understanding the views of other people. You will gain access to what’s happening in other sectors of the economy.
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