Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Come on, people, embrace the suck and go to work. Yeah.
I'm tired of hearing from these young professionals. Oh they're
so right and they're so wonderful. They're doing all these things. Yeah,
they're unwilling, unwilling, or they're upset that they actually have
to go to the office. They're actually spoken to people.
(00:41):
I get the occasional person who wants to get a job.
Young people want to get a job at Markowski Investments,
and I talk to them. Yeah, you know, I want
to live in Nashville. Can I do it there? What? No? No,
you have to learn from me. You have to learn
from my brothers. Oh can't we do it on zoom? No? No,
(01:05):
we can't do it on zoom anyway. I don't even
know how and why this is even up for debate
at this point in time. What was it? Elon Musk
was the one that said that working from home was
morally wrong. Amazons Andrew Jasse said, hey, probably not going
(01:30):
to work out if you don't want to come into
the office. When when When? When? When? Okay? John Lathiever
actually put together some great numbers when it comes to
working from home. According to Stanford full remote work from
home post pandemic twenty eight percent, hybrid flexible work fifty percent.
(01:53):
In a recent Gallipol ninety two percent. To respond and
said they expect their employer to be flexible. You expect
your employer to do what? Really? Okay? Oh again, people's
minds are going to be blown coming soon because those
(02:14):
days are over. Listen, if you have been there and
done that, if you have paid your dues, if you've
established yourself, if you're good at what you do, you're successful, Well,
guess what. You can do whatever you want. You can.
(02:36):
You can hybrid work, you can come into the office,
you can do whatever you want to do because you're
bringing in the bucks. Uh. The boss knows this, The
boss understands this. I've explained this to young people. I said, hey,
you want to make sure you are not going to
get fired from your job. Produce, produce, bring money in,
(03:01):
bring the business in. Again, you need to pay your dues.
You're not going to be able, quite frankly, to do
that unless you do spend time at the office, considerable
amount of time at the office. There's certain things that
you're just not going to get from a zoom call. Nope,
(03:21):
you need to be in the office. You need to
be shoulder a shoulder with people, people that are more
experienced than you are. You are going to learn from them.
Interesting MIT study found that productivity dropped eighteen percent when
(03:42):
people worked from home. I, for one, work from home.
Work from home. I've paid my dues. I've paid my dues. Yes,
we have a beautiful office here in Tampa. From time
to time, I happen to go in my brother Matthew's
air from time to time. I'm able to do that.
(04:04):
I don't have distractions here. I don't. My kids are gone.
But even when they were young, and they were babies
and they were running around, I made sure when I
was working from home, I had my own space. I
had my own space. My wife knew, my in laws
live with me. They understood, you keep the kids away
(04:26):
from dad when he's working, Dad's gonna spend a ton
of time with the kids. But when I'm working you
gotta leave me alone, got to leave me alone. And
it's just the reality of the situation. You're working from home.
Your damn dog starts barking for crying out loud, You're
gonna go see what's going on. You don't have that
(04:47):
at the office. Finding a mentor this is important too,
finding someone that not gonna find them everywhere. You're not
gonna find that person, and it's going to actually bring
you along. You got if you're lucky enough to find
with the office. That's good. Finding a mentor. It's good
for promotions. It's good to actually help protect you if
(05:11):
things get tough there at the office. FaceTime, FaceTime, if
you're seen at the office, guess what, You're a star,
gold star for you if they see you at the office.
John la Fever talks about this. See he mentioned it
as a joke in the past. He said, if your
(05:32):
boss smokes, smoke. He said it as a joke. But
they are actual studies that actually support this. The National
Bureau of Economic Research found that when employees smoke with
their managers, they are more likely to get promoted faster.
It's an extra half an hour of one on one
bonding time. Again, you can go out with them. You
(05:52):
don't have to smoke. But again, it's that time that
is spent. Not to mention happy hour. Oh you think
I'm kidding. I've done podcasts on this before. The the
importance of throwing parties, attending cocktail parties, going to events.
Happy hour is important. Things ideas get bounced around. It's
(06:19):
in a more relaxed environment. There's nothing wrong with being
out and about with coworkers. And guess what, you get
to know them better. You get to understand them, know
them more on the what I want human being level.
Camaraderie again, you know, embracing the suck. Like I said,
(06:40):
late nights at the office. It's something that you know again,
something that you're going to have to do. You do
it with others again, shared experiences. Not to mention. I
got to throw this in as well. Okay again, the
way you dress, the way you address, the way you
present yourself is going to present opportunities for you. Let
(07:02):
me tell youston that drives me bloody bonkers. Okay it does.
Oh it's okay, it's in style. No, it's never in style. Okay,
you don't wear you don't wear sneakers with suits. Oh,
I know it's trendy right now. No, no, no, man,
don't wear wear shoes. Okay, where's shoes. I've got a
(07:26):
bit of a rule, and I know it's kind of
thrown off. In regards to the business world, would James
Bond wear sneakers with his civil suit. No, no, you're
not going to do that, and you'd be surprised. Oh,
I know. Business has gotten more casual. You can wear
the little uh with a little you know vest thing
(07:48):
with the logo on. No, no, no, no, no. You
dress to impress. You go to the office, you're looking good.
There's casual crap nonsense again, being in the office, understanding
the politics of the office. This again, this is the
(08:08):
reality of the terrain nowadays, especially when it comes to
the corporate world, especially when it comes to Wall Street,
when it comes to finance. A lot tougher finding a
job nowadays. Okay, it's it's not the COVID years anymore. Okay,
these companies are becoming lean and mean and they're cutting staff.
So guess what, guess what you have to do better.
(08:33):
You have to do better, you have to look better,
you have to work harder, you have to show up
at the office again. Here here's a bit of a suggestion. Okay,
and I've talked about you know, out working everyone again.
If you want to make it, this is something you're
going to have to do. You better be in the office.
Be in the office five days a week. You want
(08:54):
to work from home, okay, work from home on the weekends,
working over the weekend, or work from home at night okay,
put in the extra hours, embrace the suck, and go
to work. Watch Dog on Wall Street dot Com