Peter
Hedge Funder vs. Tycoon
It often seems as if everybody wants to be a hedge fund guy these days. If you then ask the wannabes what hedge funders do, you invariably get a vague answer along the lines of “they invest in stuff” or worse, a simple blank stare. Now to be honest, it took me a while to get a handle on what they do. (Note that I didn’t use the word “understand.”) As far as I can make out a hedge fund is basically an unregulated mutual fund for sophisticated high net worth individuals and institutions. This is another way of saying that a hedge fund can invest in almost anything that its management believes it can earn a high “alpha” in. (The alpha is a rate of return above and beyond what one might expect from trading in stocks and bonds the way mere mortals do.)
So basically almost anything goes so long as there is potential for the high returns necessary to attract and keep sophisticated investor capital.
If you’re a fan of Leo DiCaprio and Jonah Hill like I am, you’ll get a laugh out of this clip from SNL with the two actors.
I sure did.
Job Opportunities
Marcus Lemonis
Marcus Lemonis is hiring people to help him expand his empire.
To quote Marcus:
With the growth of my portfolio of companies I’m always looking for great people. Please send resumes to jobs@marcuslemonis.com
I just came across this quick look at 15 billionaires who are bona fide rags to riches stories.
Howard Schultz
Here’s Starbucks founder Howard Schultz:
In an interview with British tabloid Mirror, Schultz says: “Growing up I always felt like I was living on the other side of the tracks. I knew the people on the other side had more resources, more money, happier families. And for some reason, I don’t know why or how, I wanted to climb over that fence and achieve something beyond what people were saying was possible. I may have a suit and tie on now but I know where I’m from and I know what it’s like.”
Since we’re on the topic of Wolf of Wall Street, I’d thought I’d make another recommendation.
Let me ask you a question first. Do you enjoy horror or science fiction stories where an alien creature attaches itself to the victim and refuses to let go? Yeah, me too! Then you’ll love this book.
Recent Comments