Truth bomb. Like much of middle management in Corporate America, who are incompetent but good at playing politics, credit stealing, gaming metrics and selling to their bosses while not adding any value, most hedge funds aren’t actually good at their jobs but are fantastic at marketing to investors.
I've found the best alpha investors are often the worst at marketing themselves.
@jhong Actually he is telling the lady in Taiwanese “why do you have to say it?” , after she said in mandarin that he had visited a different store on a previous visit. It sounds like someone he knows, is part of his crew, and he’s speaking to her in their own language to warn/nudge
@bryanrbeal@ANGELO305Real Also, in the early to mid 2000s, there was standard economy. Then the flight was cancelled for a few years because it wasn’t profitable (?). It came back with the retrofitted plane, with improved economics. They realised enough people were willing to pay.
@ejames_c Just playing the odds. Rank industry size and opportunities. The rational choice for a bright young person will likely be a job in an mnc (faang , investment bank, etc), or the gov, and not to start a biz that justifies VC investment. Much less where one education is not an adv
@ejames_c very much agree.
this is disadvantageous to the youth in sg though. whose edge (young, motivated, digital native, globally exposed) is eroded by the countries' size and constraints.
a top student in any local uni won't be the best next person starting an injection mould co
@Restructuring__ could it not just be that having GS on your resume (and the correct department) helps you raise money.
i see billion dollar funds, and i immediately wanna know their long-term returns. so many don't beat the index.
@screenfacer@HF_Trader what i've noticed that makes a big difference is what each person actually wants. many want a more peaceful life (and still extremely comfortable), which is the rational choice.
many joined the scholarship system and that set them on a different path
entrepreneurship for us is non-obvious, and would have been an extremely non-rational choice, enough such that entrepeurship does not attract the best.
tracked backed all the olympiad guys from around my year in singapore. they are doing well but not like this.
there's something to be said about growing up in a huge economy / country.
Craziest part is we all knew each other already in high school! Along with @randomjohnnyh (Perplexity cofounder), @demi_guo_ (Pika CEO), @stevenkplus1 and Andrew (Cognition), and many others. We all grew up in different states but met thru the olympiad scene.
Vividly remember this line from @alexandr_wang when we were around 19: "I hear people saying they want to find the next Paypal mafia. Why shouldn't it just be us?"
Glad to see @chameleon_jeff get the recognition he deserves :)