Finding Jobs In Investing Through Community Outreach

One of the great things about the U.S. is that people give their time and effort for things that benefit society.  It is a secular offshoot of the Puritan idea of creating a Holy Commonwealth.  We are out to save the world from itself, but now, without anything like Yahweh/Jesus telling us to do it.

Finding Jobs In Investing Through Community Outreach

I must admit that I serve in both spheres — I am an elder in my Bible-believing Presbyterian congregation.  I also serve on the Baltimore CFA society’s board, and may become a part of the board that oversees the pension plans for Howard County, should the county executive so choose me.  (As an aside, I applied for similar posts at the Maryland State level, but I fear that I am either too controversial, or too qualified.  I suspect that they don’t want people who really know the business.)

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When I came to Baltimore, my boss had a number of things to teach me:

  • When someone asks you for help finding work, give him help.
  • Break off time to aid the broader interests of your industry, in this case, the CFA Society.
  • Where you have the opportunity, favor the local financial community if it doesn’t cost a lot to do so.
  • Help students and young professionals where you can.

I have made an effort to do this.  I aid people who are looking for opportunities, and I advise them.  I may not be the best, but I have been around the block a few times.  I really enjoy aiding people to find jobs in investing.  I love spending time with students, and encouraging them to think broadly about how investing works.  It is not a simple formula.

Thus I find my time pulled in many different directions, and my dear wife wonders at how I do it.  The truth is, I don’t do it.  I have as many hours as all those who are alive.  It is just a question of the distractions that you block out in an internet era.

Thanks for reading me, and as Program Chair for Baltimore CFA, if you have any great speaker ideas for me, please send them to me. Thanks.

By David Merkel, CFA of alephblog.com

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David J. Merkel, CFA, FSA — 2010-present, I am working on setting up my own equity asset management shop, tentatively called Aleph Investments. It is possible that I might do a joint venture with someone else if we can do more together than separately. From 2008-2010, I was the Chief Economist and Director of Research of Finacorp Securities. I did a many things for Finacorp, mainly research and analysis on a wide variety of fixed income and equity securities, and trading strategies. Until 2007, I was a senior investment analyst at Hovde Capital, responsible for analysis and valuation of investment opportunities for the FIP funds, particularly of companies in the insurance industry. I also managed the internal profit sharing and charitable endowment monies of the firm. From 2003-2007, I was a leading commentator at the investment website RealMoney.com. Back in 2003, after several years of correspondence, James Cramer invited me to write for the site, and I wrote for RealMoney on equity and bond portfolio management, macroeconomics, derivatives, quantitative strategies, insurance issues, corporate governance, etc. My specialty is looking at the interlinkages in the markets in order to understand individual markets better. I no longer contribute to RealMoney; I scaled it back because my work duties have gotten larger, and I began this blog to develop a distinct voice with a wider distribution. After three-plus year of operation, I believe I have achieved that. Prior to joining Hovde in 2003, I managed corporate bonds for Dwight Asset Management. In 1998, I joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life. My background as a life actuary has given me a different perspective on investing. How do you earn money without taking undue risk? How do you convey ideas about investing while showing a proper level of uncertainty on the likelihood of success? How do the various markets fit together, telling us us a broader story than any single piece? These are the themes that I will deal with in this blog. I hold bachelor’s and master’s degrees from Johns Hopkins University. In my spare time, I take care of our eight children with my wonderful wife Ruth.