Title: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 12:01:38 AM Just thought I'd say hi - finished my banking internship and turned down the €120k job offer that came afterwards to instead go back to uni. Just figured that I'd much rather live a life rather than live a job (never left the office before midnight during said internship, something like 15h/day, so noooo fun, really) Anyway, moved into my new room in London yesterday, very luxurious 8sqm + en-suite bathroom of some sort. Funnily enough, I was still happy I made that trade for uni vs job. Among lots of other good things about choosing not to become an investment banker is also the fact that I will now again have lots of spare time on my hands (until uni starts next week, when things might suddenly change again), and will probably spend a lot more time on the forum than over the last few months. So hi again, everyone ;)
Also started playing poker again, which I hadn't done this summer at all (except for perhaps 10 20-seaters at party) and opened up bpl earlier on, to find a beautiful $1 sitting in my account. Had managed to donk off most of my (luckily rather small) blonde roll at some point in may and hadn't touched the site since then. Anyway, decided to set myself the challenge of turning that $1 into a decent bankroll again. To make things more fun, I've figured I (well, we) could turn this into a bit of a competition if anyone's up for it: Starting bankroll: $1.00 Where: BPL When: From now until say next Sunday, 8pm Who: Anyone willing to venture down to the $0.02-$0.04 ring games Hmm, suppose this will have to be a trust-based, unless anyone interested has a better suggestion. Well, let me know what you think and if anyone's up for it, let me know, then we can use this thread or a new one to keep track of results on a regular basis? Oh, don't remember who it was, but wasn't there some pro who turned $1 into $200,000 ? Think we should aim at something in that region, no?! Title: Re: €120k v Uni + $1 challenge Post by: NoflopsHomer on September 26, 2006, 12:06:05 AM ;goodluck;
Title: Re: €120k v Uni + $1 challenge Post by: Tonji on September 26, 2006, 12:20:26 AM welcome back Moritzey.....turning down a well payed job!!!... to stay a student (well done).....I was a student for 10 years 8)
Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 12:26:20 AM I'm up for the $1 challenge, that's about all I have left in BPL as well!
Welcome back Moritz x Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 12:29:40 AM Want to join me in a game now Moritz?
Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 12:31:46 AM welcome back Moritzey.....turning down a well payed job!!!... to stay a student (well done).....I was a student for 10 years 8) Wasn't that much about the job/uni question, more a decision about what I want to do in my life .. and overly paid investment banking just doesn't seem as appealing as horribly paid human rights work for some mysterious reason.. congratulations on 10 years of uni! I'm starting year 4 now, not sure if I'll quite manage to keep it with you.. Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 12:39:36 AM This is fun! ;)
Title: Re: €120k v Uni + $1 challenge Post by: Sark79 on September 26, 2006, 12:41:04 AM Good luck mate. I have just left Uni, well taken a year out. I hated it and needed a break .
By the way it was Chris Jesus Ferguson that turned $1 into $20,000 Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 12:42:02 AM I'm up for the $1 challenge, that's about all I have left in BPL as well! Welcome back Moritz x Cool, that makes two then. Sark, how about you? I'm up to almost $3, will call it quits at $5 tonight, so if anyone wants to join there isn't too much to catch up. Title: Re: €120k v Uni + $1 challenge Post by: Royal Flush on September 26, 2006, 12:48:11 AM I'll donate some!
Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 12:58:45 AM Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 01:08:33 AM $1 Challenge Update
Poppet: 0.99 Sark79: 0.97 Moritzey: 1.40 MikkyT: 819.30 Flushy: 14,999.15 MikkyT and Flushy may be barred from the contest, though. The jury believes they may have been cheating by starting with more than $1. The decision is currently being reviewed. Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 01:10:21 AM We're in game "Cellular" if anyone wants to join the waiting list!
Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 01:13:16 AM $0.02-$0.04 limit hold'em if anyone's wondering. Oh, and there's lots of valoooooooo.
Title: Re: €120k v Uni + $1 challenge Post by: mikkyT on September 26, 2006, 01:17:41 AM ive lost 2$ already
Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 01:18:34 AM I lost my $1, so I put the rest of my $0.81 in!
Wish me luck! Title: Re: €120k v Uni + $1 challenge Post by: ifm on September 26, 2006, 01:21:35 AM lol flushy the show off!!!!!!!! :)
Title: Re: €120k v Uni + $1 challenge Post by: Royal Flush on September 26, 2006, 01:35:25 AM I won $2 :D
Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 01:43:17 AM I won $2 :D Congratulations. Then you can keep the title "Owner of flushy's stack" for now. ;) Title: Re: €120k v Uni + $1 challenge Post by: Poppet7 on September 26, 2006, 01:53:12 AM I'm loooooooooooooooooosing :(
Title: Re: €120k v Uni + $1 challenge Post by: Swordpoker on September 26, 2006, 02:07:17 AM :respect:
....for choosing lifestyle over money. Good man! Title: Re: €120k v Uni + $1 challenge Post by: Sark79 on September 26, 2006, 02:33:03 AM Mortitzey tried everything he could think of to beat me, unfortunately for him I was far too good and I used my experience of the high limits to outplay him. To be honest, I think the level of game we were playing distracted him slightly. Some people just can't cope with the pressure of playing for a $0.45 first prize. I am used to playing ultra high stakes like the $1 STT. My brain is so used to playing at such high limits that $0.10 STT is nothing for me. I even sat in a $3 STT once.
Keep practicing mate, it won't all come at once. Maybe one day you will reach the $1 STT as well and be able to play like I can. There are only a handfull of players in the World capable of playing those games. I am lucky that I am one of them :D lol, just kidding. That is 1-1 now. You won the $5 and I have now won the $0.10 STT. Next time we will make it a $0.50 STT ( Note - I am not being arrogant here. I am joking, just in case anyone thinks I am being big headed. There has been a lack of humor around the forum over the last couple of weeks :D, everyone is very serious on here these days ) Title: Re: €120k v Uni + $1 challenge Post by: Wardonkey on September 26, 2006, 02:36:32 AM :respect: ....for choosing lifestyle over money. Good man! ;iagree; Avoiding work is always a noble endeavour! I built my current bankroll from $5.72 that I had in VC account 2 years ago. Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 02:44:23 AM I built my current bankroll from $5.72 that I had in VC account 2 years ago. Well, I'll definitely give it a go. The deadline with next Sunday is pretty strict, though, otherwise I'll have to transfer money from my 'proper' accounts at willhill or party to allow playing in the league .. heard a rumour that there's lots of value involved ;) Title: Re: €120k v Uni + $1 challenge Post by: Sark79 on September 26, 2006, 09:57:39 AM I am sure you will build back up mate quickly, you were doing well before your break. I think alot of us on here are in the process of rebuilding our BR at the moment. To be honest, I have just been playing freerolls and tiny STT like the ones we were playing yesterday. I sometimes stretch to the ultra high limts such as the $1 STT :D
I enjoy playing regardless of the limits, it is fun even playing at $1 STT sometimes. I would hope that one day I will be playing the higher games, but I am fairly crap at poker and if I stay at these limts forever then I will still enjoy it. Good luck, I am sure the final tables will be coming your way soon enough once again Title: Re: €120k v Uni + $1 challenge Post by: M3boy on September 26, 2006, 10:35:04 AM Moritzey
I would like to have my 2p's worth here - and probably wont go down to well with some but here goes......... Why did you do a banking internship in the first place if thats not what you want to do? How long did that last? Do you honestly think you can get a job for £80k a year after Uni??? and if so doing what? How are you supporting yourself through Uni? Please dont get me wrong, what you do in your life is your business but this makes absolutely no sense to me whatsoever! To me, you seem to have a wonderfull oppotunity at a fantastic job, which you have obviously worked hard for - and no doubt deserve. Why throw it away?????????? GL with your $1 quest BTW Title: Re: €120k v Uni + $1 challenge Post by: ericstoner on September 26, 2006, 01:38:24 PM ;iagree;
What it is to be young and have scruples. My son did a computer science degree at Bath, and took a well paid job working for a German multinational, in their computer research programme. After six weeks of 16 hour days, and sleepless nights. He jacked it in to work at an outbound centre in Surrey for disadvantaged children from inner London. The pay is crap, but he gets a shared flat and an outdoor living, but most of all he gets no stress. But of course I hope in time he gets it out of his system, and gets back to a 'Real' career. Title: Re: €120k v Uni + $1 challenge Post by: mikkyT on September 26, 2006, 01:42:04 PM Investment banking is not a job. Its a soul sucking life destroying experience and I think moritzey has made the correct descsion. Im sure his internship helped him to make that choice, showing him what life was like on the inside.
I used to work with someone who was once an investment banker and he swapped that job for a "crummy" 25k-30k a year software job because of the lifestyle changes where such a benefit. Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 01:51:46 PM I would like to have my 2p's worth here - and probably wont go down to well with some but here goes......... No worries, I couldn't really be offended by someone questioning my motives, did plenty of that myself over the last few weeks .... 1) Why did you do a banking internship in the first place if thats not what you want to do? 2) How long did that last? 3) Do you honestly think you can get a job for £80k a year after Uni??? and if so doing what? 4) How are you supporting yourself through Uni? Let me try to answer these one by one: 1) I did the internship for several reasons, firstly, I didn't really have that much of an idea beforehand what investment banking would be like and as it is immensely well paid (see (3) ), I figured I should at least give it a shot. On the other side, I needed some sort of internship for the summer anyways, just taking in mind future job applications etc. 2) It was a two-month internship, which then resulted in the subsequent job-offer starting either immediately or in summer '07. 3) Yes. Investment Banking with one of the four larger firms (Goldman Sachs, JP Morgan, Morgan Stanley and perhaps Rothshild) is very well paid, even for first years. In my case I was looking at GBP 40k base salary and a bonus of approx. 100% (it varies slighty from year to year, but that's the average we're looking at). 4) My family pays for fees and accomodation and basic living expenses, financed the rest (which basically boils down to drinking and holidays) with summer-jobs and other part-time work. It's kind of funny, the reactions I get to my decision not to take up the job offer, but instead do my masters (which I had applied for long before I even considered the internship) vary quite strongly. Some people think I'm crazy for turning down a job that would guarantee me a very comfortable and wealthy life, but I think most can understand my motives. My parents actually congratulated me when I spoke to them about my decision, which meant a lot to me. So anyway, why I've chosen uni and a different career over banking: I think there are several things important to me in live, and one of them is to do a job that actually fulfills me. This probably sounds silly, but I'd rather earn a decent wage and enjoy what I'm doing and find it challenging on a constant basis, than do something that would pay me loads but that I would probably only enjoy for a short while. I mean if you think of it, I'd spend the largest amount of my next six years in an office - surely that can only work out if you really enjoy what you're doing there. Let's face it, how important is money really compared to enjoying life? Fair enough, you have to work and earn money to enjoy a comfortable life, but I suppose once you start sacrificing your life or the parts of your life that you enjoy, just to earn more money, that kind of defeats the point of money in first place? With saying that, I'm not really talking about the crazy hours you work in a bank - I'd be very happy to do something that involves working a hundred-hour week, as long as I can justify it and as long as the work is actually important enough to me to justify spending that extra time away from friends, family and social life. I mean, would I get a job with say amnesty or unicef next year, I'd probably work silly hours, too, but it just wouldn't be the same sort of burden, because I'd feel that I'm doing those additional hours because there is something important to be done, not just because there's more money to be had. Finally, as far as my plan for life goes, it was always quite important to me, to do something that I could look back on in say 30 years and actually be proud of. I just can't see that happening if I had stuck to banking. Well, make of it what you want. I have enough friends from uni who chose the other way round, and they still seem to be enjoying life and sound vaguely cheerful when I speak to them, but for me that life was just not an option. Hope that sort of helped you understand my position. GL with your $1 quest BTW Thanks :) Title: Re: €120k v Uni + $1 challenge Post by: Sark79 on September 26, 2006, 02:12:18 PM It is best to do something you enjoy rather than just looking at the money. I am not sure how old you are mate ( probably early 20's ) and there really is no hurry . You are still young and there are plenty of oppertunities out there that make you happy
Title: Re: €120k v Uni + $1 challenge Post by: M3boy on September 26, 2006, 02:20:43 PM Nice reply Moritzey.
It is VERY important to do a Job which you enjoy Sounds like you made the right decision in my view (knowing all the facts now) Title: Re: €120k v Uni + $1 challenge Post by: Royal Flush on September 26, 2006, 03:19:22 PM Just do investment banking and retire in your mid 30's
Workd for my Dad :D Title: Re: €120k v Uni + $1 challenge Post by: thetank on September 26, 2006, 03:48:16 PM Great idea, do let us know when you're next at the tables.
Title: Re: €120k v Uni + $1 challenge Post by: Claw75 on September 26, 2006, 09:29:23 PM anyone playing micro cash tonight?
I'm going to go and sit with $1 if anyone wants to find me later. Title: Re: €120k v Uni + $1 challenge Post by: Claw75 on September 26, 2006, 09:35:32 PM I'm on honeywell
Title: Re: €120k v Uni + $1 challenge Post by: marcro on September 26, 2006, 09:45:26 PM Just do investment banking and retire in your mid 30's Workd for my Dad :D Good advice - gives you the opportunity to do the other stuff in your 40's and 50's when you will not have the interest to grind away and you will have more experience. Do not discount the value of getting some FU money behind you when you can. Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 11:30:18 PM I'm on honeywell Am online now - if you're still up for some micro games, I'm waiting for the next space at any 9-seater. Alternatively any 0.10+0.01 STT if you're up for it. Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 26, 2006, 11:37:41 PM "The Life of Brian" - 0.02-0.04 limit. If anyone fancies joining, please do. Claw? See you're online, so if you still want to play, come around ...
Title: Re: €120k v Uni + $1 challenge Post by: Claw75 on September 27, 2006, 12:04:17 AM I'll leave you to it Moritzey - need to get to bed soon - up at 6am. Good luck!
Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 28, 2006, 12:07:14 AM Managed to squander my blonde-fortune, reducing it to a mere $0.34, so decided to move away from the ring games and instead plunge into the world of micro tournaments. Got it back up to $1.34 by playing some micro HU and $0.25 ring games, so that will be the strategy for now.
As far as the target goes, I have defined it slightly more precisely now: Enough cash in my account to play in the league from next monday onwards. Assuming you're all fish, $50 should suffice for that easily ;) Anyway, will continue reporting if I make any more serious progress, and if anyone fancies joining me in the micro-world of blonde, give me a shout. That said, I shamefully have to admit that I've made backup plans regarding the league and moved some money into the account from Party (well, slightly more complicated than that, but that's another story, just ask the tank ...) So yep: Micro STTs for the next hour, if anyone's bored, come join! Title: Re: €120k v Uni + $1 challenge Post by: Sark79 on September 28, 2006, 12:36:50 AM I will give you a micro limit HU game if you want ? or someone else . $0.10 1x1 say when if you are interested
Title: Re: €120k v Uni + $1 challenge Post by: moritzey on September 28, 2006, 01:32:52 AM Sorry, only just read your reply. If you're still up for it, PM me and sit down - that way it'll pop up on my screen. 0.10 limit HU?
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