How I Failed A Hedge Fund Manager
Many of my graduating high school students eventually land careers in finance.
That’s where the money is. I live in Singapore, one of the world’s largest banking districts, so their aspirations make sense. A rich private school, one block from Wall Street, would see much the same thing.
A couple of years ago, one of my former students came back to visit.
He told me he was going to be a hedge fund manager. “Are you sure?” I asked. “Do you really want to charge people 2 percent per year plus 20 percent of the fund’s profits?”
I expected his face to fall. But it didn’t.
“If people are dumb enough to pay, that’s their problem,” he smiled.
Read the rest of the AssetBuilder article here: How I Failed A Hedge Fund Manager