How Warren Buffett Does It

Cranston_2

Plus almost nobody would give women a chance then. It was reasoned employers would never recoup their training costs because women would leave to raise a family.

Sorry I have not been clear. I was trying to explain how I got on without a degree in the the 1980s.

In the City, during the period of the early 1980s there was less competition for every job opportunity that arose. As a man I only had to compete against a small number of other men for the better jobs and training. Women would most often only be hired by investment banks for the lower paying jobs, junior jobs that did not offer career advancement

Today, there is much more competition for every opportunity. Not only do indigenous men have to compete against non-indigenous men they also have to compete against indigenous and none indigenous women.

IE, in short, there were a lot more job opportunities for those without degrees in the 1980s then there are now. Today's the investment banks have a much larger pool of potential candidates to choose from and so they can demand higher qualified applicants.


Yes, the wife banks at Lloyds!

FungusFighter

Cranston wrote: »

Sorry I have not been clear. I was training to explain how I got on without a degree in the the 1980s.

During the period of the early 1980s there was less competition for every job opportunity that arose. As a man I only had to compete against a small number of other men for the better jobs and training. Women would most often only be hired by investment banks for the lower paying jobs, junior jobs that did not offer career advancement

Today, there is much more competition for every opportunity. Not only do indigenous men have to compete against non-indigenous men they also have to compete against indigenous and none indigenous women.

IE, in short, there were a lot more job opportunities for those without degrees in the 1980s then there are now. Today's the investment banks have a much larger pool of potential candidates to choose from and so they can demand higher qualified applicants.

Yes, the wife banks at Lloyds!

Glad we cleared that up then!!! For a minute I thought you were a man pretending to be a woman but now it is crystal clear!! :T :T

I'd be devastated if that twit Mewbie was right all along and you were a male docker pretending to be a female banker :beer: I do so enjoy your posts, they would lose all their gravitas:j

LongTermLurker

Cranston wrote: »

Sorry I have not been clear. I was trying to explain how I got on without a degree in the the 1980s.

During the period of the early 1980s there was less competition for every job opportunity that arose. As a man I only had to compete against a small number of other men for the better jobs and training.
...
IE, in short, there were a lot more job opportunities for those without degrees in the 1980s then there are now. Today's the investment banks have a much larger pool of potential candidates to choose from and so they can demand higher qualified applicants.

Not sure which early 1980s you're thinking of Cranston, but the early 80s of my youth were full of 3 million unemployed (a record at the time), P45s/UB40s everywhere and people walking round industrial estates, whatever their level of education, going "gissa job"! It may have been different in other parts of the country, but in my area there was unbelievable competition for jobs and I personally had 1 year's full time employment in a 6 year period (and not for lack of trying!)

But well done, anyway.

Cranston_2

LongTermLurker wrote: »

Not sure which early 1980s you're thinking of

The City of London was totally different to the vast majority of the country. The environment I described was specific to the Investment Banking industry and the not the country in general.

Yes, we had it easy down South.;)

black_taxi_2

saw documentry on him

completely unassuming---down to earth.in his speeches uses sarcastic humour in a nice way.smart.

here a nice fact

if you put $10,000 into Berkshire when Buffett bought control of it in 1965, you'd have $51 million now, vs. just $497,431 if the money were invested in the Standard & Poor's 500-stock index.

ric2003

cranston mate, I think Fungus is taking the P
:rolleyes: