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The Fastest Tortoise: Winning in Industries I Knew Nothing About―A Life Spent Figuring It Out The Fastest Tortoise: Winning in Industries I Knew Nothing About―A Life Spent Figuring It Out by Ken Hersh
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“At age fifty-two, I knew I had a couple of good commitments left in my professional life. I wanted to make sure that whatever I ended up doing next would be fulfilling all the way around. I knew I had a lot to offer; I didn’t know where to devote my energy.”
Ken Hersh, The Fastest Tortoise: Winning in Industries I Knew Nothing About—A Life Spent Figuring It Out
“When I looked around the industry, it was the ownership structure that caused firms to fall apart over time. New employees didn’t share in prior fund successes, and when different funds performed differently, it became inevitable that the financial returns were shared unevenly. Without a strong culture, this contributed to the destruction of many investment firms.”
Ken Hersh, The Fastest Tortoise: Winning in Industries I Knew Nothing About—A Life Spent Figuring It Out
“However, if the decision maker has a large personal stake from the beginning, then they feel the downside in that their original investment is at risk. So swinging for the fences and missing has a real cost. Risks get factored into that equation for sure.”
Ken Hersh, The Fastest Tortoise: Winning in Industries I Knew Nothing About—A Life Spent Figuring It Out
“Today, a lot of people who have capital to invest feel that they’re at the top of the food chain, deciding who does or doesn’t get money. That attitude of arrogance really bothers me.”
Ken Hersh, The Fastest Tortoise: Winning in Industries I Knew Nothing About—A Life Spent Figuring It Out