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