Running a Hedge Fund Isn’t All Bad

Here’s some career advice from billionaire hedge fund manager John Paulson:

This is of course the most obvious imaginable reason to go into the hedge fund business, and it would not be worth quoting except that you don’t see successful hedge fund managers spell it out all that often. “I just love the intellectual challenge of understanding trades and testing my belief against the markets, and the money is an accidental by-product,” is what you ordinarily say, when what you mean is “the thing I love most is how the fees just pour out of the sky.”