My informant is a senior in the Marshall School of Business. He emphasizes in finance and spent his last summer as an investment banking summer analyst at Morgan Stanley. I knew bankers had lots of stereotypes and figured he would have some interesting occupational folklore. He gave me this proverb:
It’s better to ask for forgiveness than permission.
He went on to explain that his boss had given him this piece of advice during his first week on the job. It wasn’t necessarily meant for his internship because that was mostly about learning and questions were welcomed and encouraged, but it was more for his future career. I interpreted it similarly to “Never be afraid to fail.” This proverb attests to the go-getter, competitive mindset of investment bankers.