Probably the most memorable moment in my Lehman associate training class in 2001 was when we were getting a presentation from a guy in FX research. The guy was clearly an introvert, with a thick shock of black hair, and some Southern European-sounding name. A lot of people might find FX research to be a boring job. I think it’s endlessly interesting. You get to dive deep into the monetary policy, economic statistics, and the politics of countries around the world. I know some FX research guys, formerly at Nomura, who were experts on Latin American countries. They made quite a name for themselves. I gathered that they were meeting with senior officials in government and central banks. It’s good to be the expert at something.
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