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Marcus Shaw

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2022-11-18
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2022-11-18
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  1. So, the biggest thing I would say procedurally that I see in the investment hiring cycle. Is that you got to be ready for the gig before you get it? Which means that the recruiting process for alternative investment may start, even if you're going to investment banking as an analyst, it may start before you actually start that job. There may be people that are reaching out to you, trying to assess your interest and what you're going to do after banking. And that was, I say, one of the secrets of the industry that I was well into my career before I knew that that's how people were getting recruited into the industry. And so you got to have your ear to the ground, right? You got to know who's who, where the players are, who you should be expecting emails and calls from. And when you get those emails and calls, you got to be ready for it.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  2. You're afraid of failure. You're afraid of failure. You should actually be seeking failure. You should not be doing anything when you're 22 or 20 or 21 that you can't fail it.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  3. You've got to take risk early in your career. And in fact, not taking risk is actually the riskiest thing you can do. It's a little bit of a parable, right?

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  4. So there are two things that I tell all of our students. Number one is bigger picture. Probably pretty simple. You've got to have intellectual curiosity. You can never run out of questions. I mean, you run incredible podcasts. You can never run out of questions. You've always got to have something that you're thinking about. In terms of what's the next layer, how can I think about it in a different perspective? How can I put myself in somebody else's shoes and think about it and how does that change the value of what I'm looking at? Right. I think that's critical to being successful as an investor. Number two is something that somebody shared with me, and it's actually John Rice who runs MLT and is a partner and a great friend and really one of the great leaders in the D&I space. When you're young and you're bright.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  5. It's of note that he's dealing, I think has talked publicly about the aging process that he's going through himself. And I found that particularly endearing because it's something that I've dealt with in my family. And to recognize that in this business, we're still human. And we're not excluded from the human process. And so that's a book, John Max's new book is one that I certainly want to pick up.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  6. It's just fascinating to think about this concept of risk and how it's affected us since the very beginning of time, right? And then really how we have taken risk from something that was deified, right? Kind of this religious concept and turned it into an economic tool that we can arbitrage for personal gain. Unbelievable, well-written. I love the historical context and bring it into the future. And so that's one that I go to often. I'll tell you a book that I want to pick up and the title here is John Mack's new book. And I thought it's interesting because, you know, John is somebody that

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  7. Yeah, so a book that I go to often and I reread this probably once every couple of years is Peter Bernstein's Against the Gods.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  8. But personal improvement of yourself, right? How do you continue to develop as a person, if you're strong technically, how do you develop into a person that people feel comfortable managing others and feel comfortable being managed by? And so as I developed into an executive and a CEO, I always reflect on those lessons that she gave me early on about being vulnerable and being coachable, even being coached up, right? So having somebody that reports to you have the ability to coach you up on things where you can be more helpful for your organization.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  9. So, you know, a couple of the mentors that I had, there was a woman named Stacy Goran who hired me actually at IBM. And it's amazing to think this is over 20 years ago. Stacy was a long-term executive at IBM and has now moved to a consulting firm. But what she really helped me focus on early in my career was continuous improvement, right? You think about it as an engineer a lot, right? Kind of the cousin principle that Toyota used.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Yeah, so Barry, I would say I tend to read a lot and follow a lot, obviously, in news channels on finance. On podcasts, I mean, I love Howard Mark's the memo and I read his memos that he puts out, but I love what he's doing in the podcast. Format that he's developed, but I listened to a lot of sports. I'm a huge Jalen Ninja fan. I love what those guys are doing in terms of sports and entertainment. And so, you know, probably not as heady as some of the other answers you get. But I love sports talk radio.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  11. So, Barry, we will expand the fellowship program ultimately to be around 100 or 120 students each year, about 40 or so in each class. We are also partnering with the Warden School of University of Pennsylvania to develop an institute, the Warden Alt Finance Institute, which will be an online community and platform providing, again, curriculum and content and community, as well as resources to help students at any HBCU gain access to education exposure and opportunities for experience in the space. And so through the institute, we'll be able to scale some of the best parts of our fellowship, which is a real high touch part of our programming, but we'll be able to scale that to the students that are at HBCUs that we don't partner with directly.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  12. That's a key. And so when I look at other industries and what other organizations are doing, we are squarely focused on helping move the needle and the alternative investment space, places where people can help do deals, be long-term owners. It's not about the transactional element of investment banking, right? Be an owner, a direct owner of a brand that you know but you never knew who the holding company was. I have 75 students now that can answer that question what's the pathway

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  13. So, this is January. 2022. This is just a few months ago, right? And I asked the students, all right, how many of you know Morgan Stanley, Goldman City Group? Everybody raises their hand. They all know it. They see the commercials. They get the commercials on the internet Ask how many of you know Aries Apollo Oak Tree? One student. So roughly 3%. These students are brilliant. All high performers, all strong academic performers. I mean, they will not fail to get a job. They could get a job doing anything, but they did not have the awareness of how the pathway to enter one of the most rewarding careers in investing

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  14. So, I think there are some organizations that have been active in providing similar opportunities for students for traditional banking, right? I mean, when you think about what Reginald Lewis did almost 30 years ago and breaking grounds for blacks and investment banking, I think that we're doing some of that today in the alternative space. Remember, when I have We had our first group of fellows, we had 33 fellows in our first cohort.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  15. Students are building confidence, skills, and relationships that will help improve their wealth and economic mobility as they grow. How many students are having a conversation around a learning session that we do on interest rates and are calling mom or dad at home and saying, you know what, is your credit card? What's your interest rate on your credit card? Did you refi your house? How should I think about my student loans that are really taking an active position in the way that they think about their personal finance, but also the way they think about investing? And I hear those conversations and have those conversations with students almost on a daily basis. And that's what fulfills me and lets me know we're moving in the right direction. When I look down the road, in 10 years, I believe that I will have hundreds of students that are actively working in alternative investments, but I'll have thousands that are knowledgeable.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  16. I'll address the latter first, right? Number one, we had our first, so I came in in September. We started our first cohort of our fellowship in January. We now have the second cohort. I've got 75 students from eight HBCUs that are now building relationships, getting education, getting exposure, and ultimately getting experience to the alternative investment industry. That is fascinating. We've got students in our program that have their first full-time offer with alternative investment firms that will graduate in 2023 in May. So we're already in a few months really hitting the cover off the ball. That's the quantitative element, right? Those are the KPIs up on the dashboard that are saying, you know, how many students are you getting exposure to these jobs? How many students are getting these jobs? What I also measure, and this is through the conversation with students, how many

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  17. Coming from people that look like me, it's coming from people that look like you. It's coming from people that look like our parents and our children. So at the end of the day, and I think we saw this in 2008, I think we saw it again during COVID, that at the end of the day, these companies are accountable to the people, right? And to the people that are their investors, their LPs and entities that their LPs represent and their clients. And so I think that what we've evolved into is a more human Wall Street that is more inclusive by nature. And I do believe that what we're seeing now, right, we will continue to see because we'll have people that come through all finance, but also people more senior that are at the table and helping make decisions on where and how we invest in people and where we invest in companies.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  18. I think there is an inevitable pressure from society that helps drive change. And I think Wall Street, while we talk about it in this compartmentalized concept of it's Wall Street, it's in New York. It's the bull down on Wall Street, right? And it's the movies that we see. In reality, the funds that Wall Street is managing, the capital that it's managing is coming from all over the country.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  19. Well, for a couple of firms, I also did work at a minority-owned firm down in North Carolina, and that was, it was refreshing. I mean, actually, you know, some of the brightest people that I ever worked with and much of my investment philosophy and thesis, the way I think about investing was developed there amongst an incredibly diverse group of investors who had tremendous experience and success.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  20. Goes by very fast. And number two, how much things change in a fairly short amount of time? When I started my career in finance, I was the only black person in my group, in my division. Another young woman came shortly after. We had a great relationship. In fact, she's been a lifelong friend and was a mentor to her.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  21. I think that question really highlights something that's amazing to me. Number one, that I've been in this business a long time.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  22. He calls up his mentor, who is not at one of the firms that he has an offer from. And he says, well, what do you think I should do? In the course of that conversation, not only does he get guidance from the mentor, the mentor connects him with another gentleman who used to work at one of the firms in the same group that he was going to. Now he has a decision that he's made that's been informed by two people that he did not know a year ago.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  23. Worked last summer at a fairly reputable consulting company. And I asked the student, I said, why are you in a hurry to graduate? Students got a pretty good scholarship package. A student comes from a background where he's having to support families still at home. I mean, a tough situation and he wanted to get out in the workplace where he can earn. I said, trust me. You stay for your full four years, you'll have the opportunity through this program to get access to a career in alternatives. You had a great opportunity last summer, you'll come out. You could make 2x, even 3x, if you stay and pursue this opportunity on alternatives. So the young man stayed, had multiple opportunities, selected one. But here's the real power of the network. As he's making his decision to which role he's going to take at one of three mega funds,

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  24. Yeah, I think there are a number of sectors that could benefit from this strategy. Even sectors like tech that have already developed some strategies. I think, again, we're focused around education, exposure, and experience. The three elements that are going into preparing students for careers. This is not just about scholarships, right? You give a student a scholarship, but then you don't really give them access to the people at your firm that are going to help that student not only get a job at that firm, but feel a sense of belonging, right, once they get to that firm so that they maximize their individual output. That's what you're trying to go for, right? I'll tell you a story about a student. So we have a student in our program, and when you talk about counseling and coaching, it was a phenomenal story. A student, very bright student, who had the ability to graduate in three years.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  25. I think that's the obvious answer. And that's why with Alt Finance, you know, this is a long-term plan. We've got a 10-year commitment from our three initial partner firms. And so this is not about checking the box. This is about changing the paradigm for recruiting talent in this industry.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  26. That student, because that student can help me. That student can help me build and invest and find opportunities and generate alpha and bring more clients into my business. And so if I'm a senior leader at a company, I think that's the business operative, right? I've got to have the brightest talent, the talent that's most differentiated and intelligent is also helpful. I think the social part of this is that a lot of these dollars are public dollars that companies are managing. My mother, again, a 50-year school teacher who put money into her retirement for 50 years, it would benefit her and it would benefit the other teachers and firefighters and police officers that represent diverse communities to have people who are investing their money look like them as well.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  27. So I think there are a number of reasons why companies are and should be interested in diversity. We have 100 million students out here coming through K through 12 in university system that are operating at a higher level than we were 20 years ago. Students are very smart, independent of their color, their background, their religion, their sexual orientation, right? What we know is that students are being educated at tremendous levels today. They have so much more access that their intellectual curiosity is going to be really fueled by a lot more information that's delivered in a more equitable way. If I'm hiring for talent, I want access to all of that. I want to know the brightest kid from every corner of the country, boy, girl, gay, straight, black, white. It doesn't matter.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  28. I think the key to that, and we check for this when we're interviewing students for our program, is intellectual curiosity, right? That's the key to being an investor. Are you always thinking about peeling back another layer to the onion? You go in a store, you see a great product. Where's that product made? Who's the company that owns that if there are several different pieces to the product? Where are they getting the components from? Where are they sourcing them from? Who owns that company? Who finances those companies? That's the way we're teaching students to think because that brings about the type of intellectual curiosity that you need to have when ultimately you want to put some capital behind a company that you really like.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  29. That's right. That's right. Right. Well, also, though, you know, a period there where you had the Fed being a little accommodative, right? I think that by nature and by design, many of the firms that operate in the private equity and private credit space don't want to be known. But our students know many of the holding companies. Right, and that's what's really interesting that they know the publicly traded companies, they know the private companies, but they don't know the holding companies for the private companies.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  30. So, the most interesting thing that I've seen in assessing college students and talking to them is that students generally have very little knowledge of the companies that are operating in the private equity, private credit markets, real estate. They know some of the venture capital firms because I think venture capital has done a great job of PR over the past 10 years or so. I mean, everybody wants to be a venture capitalist and an entrepreneur. I always attribute that to a low interest rate environment where

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  31. And John asked me to come out and, you know, can you help raise some money running business development? And for me, that was a step away from the industry. And what I recognized is I got tremendous fulfillment out of seeing young people that were 10, 20 years younger than myself, but helping them get to the next level, helping give them the opportunities that that woman gave me from Goldman when she said, here's the path you should think about taking.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  32. Yeah, so got out of the hospital, stuck around for a few more months at the firm that I was working, and then decided to do some other things. And that included doing some work with small and medium-sized businesses, providing some outsourced CFO type of service to really understand how some of these small businesses worked. An organization that I looked at doing some work with was management leadership for tomorrow, and John Rice and the team at MLT do a great job. They have absolutely moved the needle and changed the trajectory for thousands of black Latino and Native American students over 20 plus years. Knew John a little bit and knew about the work that he had done. I had written recommendations for mentis of mine into that program.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  33. Yeah, to which my wife responded, if you die writing a research report, I'll kill you. So, this is where you start putting it together. You put a little bit of life together and you start thinking like an investor and you start investing in yourself and thinking about, you know, how are you going to measure the return in your life? And for me, I'd done well.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  34. Done right as somebody that kind of steeped in mathematics probabilities investment you always are thinking about the future and you know my great story from that is that I actually upgraded a stock Pandora media from the ICU in the hospital

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  35. It is, but not as scary until you realize what's really happening. And that there's things that they called widowmakers, which are These bilateral blood clots that you get across the aortic valve. And I mean, you just go away.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  36. No, no, no, no, no. So what I had was a blood clot, right? Did not have a heart attack. I'm in the stroke center there at the hospital in DC. And for me, it was really a point where you start thinking about your life in a different way.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  37. They roll me in, they give me an MRI, they see the blood clots in my lungs, they see some remnants in my leg. I'm immediately brought into the hospital and I'm there for several days to give me blood thinner. They want to make sure that these clots don't.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  38. For blood clots, essentially They do the test. I am at this point the second sickest person, highest priority in the emergency room.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  39. Pain in the leg went away a couple of days later. I'm having this pain in my chest, and I take myself to the hospital. She goes, did you tell them about your leg? And I said, no. She goes into the head of the emergency room's office. The guy comes back out and he says, how come you didn't tell me about your leg? I said, well, my leg doesn't hurt anymore. It's my chest. I got pneumonia. That's what x-ray said. This is where equity research guys talk themselves into a hole. They think they know more than they do. I know a lot about telecom. I know nothing about healthcare. All right. So the guy comes out and he says, well, we got to give you what we call a D-dimer, right? There's a test.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  40. I played a little basketball with buddies. This was right at the end of a Thanksgiving holiday. And I got a group of buddies, lifelong friends. We always play basketball together. And I thought it was a Charlie horse.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  41. Well, she didn't buy it because she's a doctor and she's very good at her job. Like I say all the time, I've got a great wife, but I've got the best doctor that anybody could have in their house. I had some leg pain. Earlier in the week

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  42. Comes to the hospital, to the emergency room. She asked me what they said. I said, you know, as an equity research guy, I think I know it all. I've got pneumonia. You know, they saw it on the x-ray.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  43. Yeah, Bears, it's an incredible story and one that I think also defines a lot of where my life has led. So this is, you know, I was at a firm in DC and covering tech media telecom, a bunch of regulated industries as well, and was having some chest pain. a bunch of traders had what we call walking pneumonia but it takes everything to get a trader off the desk right i mean they'll the whole desk will get pneumonia before they leave and um i was pretty sure that's what i had and was coughing for a few days and had some pain in my chest go to the hospital they take an x-ray they see that i've got some uh swelling and a little bit of cloudiness there in my lungs and they give me a z-pack an antibiotic they think that i might have had pneumonia my wife who's a physician as i share with you before

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  44. So, I covered telecom services at Bank of America during my time at IBM. I had worked on several telecom networking projects and really understood the industry, things like spectrum and things like wireless that were coming of age at that time. I understood pretty deeply. And, you know, through my understanding of finance, I was able to say these are businesses that I think will do well. These are businesses that are positioned to do well. And once the market understands that, the stocks will perform. I had a great mentor's at Bank of America, a great team that I worked with, and really set me up for a great start in finance.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  45. That's right. And that perspective is something that I think we've got to learn to embrace more because finance is challenging, but it's not difficult, right? It requires putting in work and getting reps in order to start to understand patterns and be able to anticipate things that you will see in the market or things that you'll see at a company. But really understanding the core of industry is what makes a master of business, right? I mean, that's how you really start to hone the skills that you need in order to make true alpha out there in the market as an investor.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  46. Had an opportunity to go to a camp two day camp at Goldman that was focused on providing insights in investment careers for people that did not have an investment background. And they fly you up, you're smart kid, put you up in a nice hotel. And I met a woman who covered enterprise software at Goldman, and she gave me really great insight into how I could leverage the industry knowledge that I had developed at IBM. And so really it was one person on an off conversation down on Broad Street 20 plus years ago that led to my career. She said, equity research is a great place where if you know a lot about the business and you learn a lot about finance, you can be impactful, you can earn a good living, you can really understand the markets and meet great people.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  47. So, I always tell folks this is one of the great turning points in my life. When I went to business school, I was pretty confident that I was going to come out of business school and go back to IBM. I was going to stay an engineer, wanted to learn more about marketing and some operations around technology. Was a point right before the start.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  48. So I went to IBM after completing my undergrad degree at Georgia Tech in electrical engineering and had a great time there, learned a lot, but really wanted to understand the way that we were selling business, right? Understanding more about the business of IBM and how we thought about the products and services that I was delivering as an engineer. Not to mention one of my very good friends that played football with me at Morris was a year ahead of me in business school. He said, you're pretty smart. You should check out business school. And fortunately enough, I had a great school in Duke that was right there in Durham. My wife was in med school at UNC, and I didn't have to move to go to a great business school, which was really refreshing. And it was a great experience. And I learned a lot about business there and kicked off a new career.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  49. Well, it's pure geometry, right? So 1.3 seconds from the snapper to putting the ball down and getting the ball off the ground, the angle that it's got to come up is pretty significant in terms of your probability of making it. So I looked at it as an exercise in physics, geometry, a little bit of chemistry depending on the texture of the football. So I thought I was a natural.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source

  50. Oh, I knocked it down I made it, man. He didn't want me to come out because I missed it. He wanted me to come out because I made it. And, you know, I went on to play four years in Moorehouse and had some strong accolades there. But really, even that experience was about building great friends that I played football with. And many of those gentlemen have gone on to do incredible things as well.

    2022-11-18 · Masters in Business · Marcus Shaw on Diversity in Wall Street and Finance · IDENTIFIED FROM THE TRANSCRIPT · source