Farfromgeneva wrote: ↑Fri Jul 21, 2023 9:25 am
bearlaxfan wrote: ↑Fri Jul 21, 2023 8:24 am
I don't know if it is, disregarding the actual fact there's no official aristocracy in the US.
One thing I find interesting as an argument it's not aristocratic is the emphasis put on lax schools as an inside track to Wall Street. (Am I overestimating this?). I think if the sport really is for the upper-uppers there wouldn't be such an emphasis on filthy lucre. It's
unseemly, don'tcha know.
It was more of a feeder when the sales/trading side was more robust especially before public equities were completely commoditized and central clearing in agency MBS and the decline in securitized products from the 2000s took out the FI sales/trading. Was historically less of a Corp finance feeder which is a different skill set. Lots of guys from 80s-90s and early 2000s got into that route. Less robust funnel today.
I'm not sure if the Lacrosse channel to a lucrative Trading Desk gig fading is a good thing or a bad thing.
Here's what I know:
Context: I don't golf or enjoy sitting on a very big boat very much, and I'm divorced, and I love lacrosse, and I'm a pretty experienced ref, so my idea of a splendid weekend is a trip to a 2- or 3-day Offseason Lax Tournament and a half dozen or more games-a-day while I'm there. It's simultaneously exhausting and clarifying, I suppose.
Observations: We take rooms at the best hotel in town. Every morning we ride the elevator to the lobby and share breakfast space with kids-in-uniform and their attendant adults. We find our rental amongst their expensive S-Class and Escalade rides. When we get to the Park there are very few vehicles in the lot that don't declare loudly "Wealth".
Activities: I talk to 'rents between games. Most are doing what they can and spending what they need to get Junior into the best school they can. Ivies, ACC, NESCAC, Georgetown, Hop, Haverford....ya know. And most of the 'rents who recognize me are from the bobblehead fields. I'm old and slow....
Lacrosse matters there, so it matters for these attentive 'rents.
Conclusion: These 'rents aren't necessarily Aristocrats, but they appear to be generational wealth families with six figure personal incomes and they're taking their parenting responsibilities seriously. "If Junior loves to play lacrosse, let's see where that takes us..."