The tough-love advice Morgan Stanley CIO Mike Wilson gives to his new hires to prepare for their career in banking
Briefly

"A lot of people coming to Wall Street are overachievers. I say, 'My guess is your historical report card has very few Bs on it. Maybe none. And definitely no Cs. And so what you're going to have to get used to coming to Wall Street is you're going to get a bunch of Fs, and you can't even fathom what that feels like.'"
"The best investors generally get 55% of their calls correct. There are a lot of dynamics that play into being a good investor, a good analyst, a good strategist. But I think the hardest one is learning how to accept failure, learning how to be wrong, admit it, and move on. Acknowledge your mistakes."
Read at Business Insider
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