An article from Weekly Opinion talks about the investment analyst Max Salk. Salk is an example of a person who has varied his interests instead of focusing on one specialty. The investment analyst also specializes in landscape photography as well.
The article discusses how now many millennials are not opting to go to college and instead are choosing different avenues for a career. The internet has opened many doors for people looking for a different type of career path. There has been debate on whether sticking to college and studying a traditional specialty is a good or bad thing anymore. Although, specializing in one thing is still a very significant thing in today’s world. The article mentions that we will always need people who specialize in fields of medicine and architecture. Those fields are an imperative part of our society as a whole.
A book that recently came out by David Epstein talks about how people that are generalists and have many different specialties often have the ability to make more creative decisions. Their several interests allow them the ability to better problem solve and create new ideas.
Max Salk is a prime example of someone who decided to go with multiple interests and passions and accredits those to his success today. Salk is based in New York City and works as an investment analyst and a landscape photographer.
Salk majored in finance and history at the University of Illinois. It was in college that he developed a keen interest in investing and the stock market. The investment analyst also picked up photography while in the Netherlands his junior year of college.
After Max graduated, he landed his very first job in the finance and investment field. Three years later, the investment analyst now works as a Vice President at Blackstone, while also still pursuing his love for landscape photography.
Max believes in following your passions to success. He explains that if you love what you are doing, then you will be willing to put a more natural effort into your work and it won’t feel like you are working.
As an analyst, Max Salk needs to understand the present and he needs to understand the future. Some of the most interesting companies within the sector are companies within the technology sector such as Amazon, Netflix, Tesla, and a variety of others within the sector.
Now, many people might see a lot of value within the technology sector but it is necessary to know that individuals would also need to see the potential downsides as well. Investors may not see money flowing in terms of profits and would need to understand how the company would aim to be profitable in the future.
To understand a company, it is necessary to look at one of the leaders within the space.
See, Amazon is a very strange company. We know that it was a bookseller at first but now it sells everything. It purchased companies such as IMDB, and other companies early on, it purchased companies that had no real relevance to it at the time. Even now, some may be astounded by some of the companies that Amazon may buy, it seems irrelevant in the short term.
Amazon looks like it lacks cohesive strategy but investor interest would indicate that they trust Amazon to quite well in the short-term and in the long-term as well. One sees that Amazon is executing in a ruthless manner as well. Amazon looks like it is moving as fast as a cheetah when it is as big as an elephant. It is a fascinating company indeed.
For individuals to understand Amazon, people like Max Salk may dive into companies such as Walmart who were pioneers within the industry. The fact of the matter is that Walmart is a company that had a lot to do with vastly improving the retail landscape. One may even realize that Amazon stole a lot from the playbooks that Walmart was using to grow. It started with the Walmart playbook and then built on top of it and grew a significant amount from there.
People like Max Salk have to dive in a deep manner into companies like Amazon and Netflix to really understand how they will change the game.