Monday, July 18, 2005

The Right Place for Me

Great quote from investment manager extraordinaire, David Swensen, the six years he spent on Wall Street early in his career:
"I liked the competitive aspects of Wall Street, but -- and I'm not making a value judgment here -- it wasn't the right place for me because the end result is that people are trying to make lots of money for themselves. That just doesn't suit me."

David manages Yale's endowment, growing it from $1.3bn to $14bn over his 20 year tenure.