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For me I’ve found it to be a bit of a vicious cycle because after a 4/5am night my brain doesn’t really start working until 1pm or so the next day. Yes I’ll join the 9am call but the lost productivity in the morning perpetuates into more late nights. I genuinely believe two solid 9am - 12am days could accomplish the same but the 4/5am are often hard to avoid due to deadlines or pressure from senior bankers.