money management

“By the way, in my career, it used to be almost all single manager PM funds. It was more than three quarters of them. Now that's less than a quarter.”

“One of the biggest challenges in money management is that people who have the characteristics that determine success, there are far more of them than end up being successful.”

“I don't think the remuneration for that in the future will be anything like it has been over the last 20 years.”

“Money management is such a curious industry where a lot of the precepts and principles that work really well in other industries only work in money management if you reverse them.”

“I think maybe subconsciously one of the reasons I was attracted to money management, the numbers are the numbers. It's not a sales job. You don't live next to clients in Greenwich, and they're going to give you commissions because you're at the country club to…”

“Brilliant private equity and venture capital, and they are so much stickier than general money management. They don't turn over as fast in private equity and venture capital. The winners tend to stay winners.”