Good money managers have a healthy dose of paranoia in their personalities and cynicism and, some of them will say realism, but we know it’s cynicism.
The hedge fund industry basically started in 1949 with a guy named A.W. Jones and his ultra-high net worth friends. As it evolved in the ’50s and ‘60s and into the ‘70s, it was primarily for the ultra rich.
At the end of the day, you might very well feel like you owe all of your success to your mentor, and the only way you can possibly repay that person is to become a mentor yourself.
Anthony Scaramucci is the founder and current managing partner of investment firm SkyBridge Capital. Scaramucci published an autobiography, Goodbye, Gordon Gekko: How to Find Your Fortune Without Losing Your Soul, in 2010, and made a brief appearance in Oliver Stone's Wall Street 2: Money Never Sleeps. Scaramucci is also the author of The Little Book of Hedge Funds and his latest book Hopping Over the Rabbit Hole.