Value Investing/Starting your own fund
So I'm ending my sophomore year in college. I'm extremely interested in investing, and have been reading books about it for quite some time.
Intelligent investor, George Soros, Martin Whitman, you name it I've either read it or am in the process of reading it.
I would love to start my own hedge fund/private equity firm (a place that does a combination of both essentially) one day. However, I know I need first hand experience to do this.
I'd love to run, one day, something like my own Pershing Square,or Boupost.
Where should I be gunning in terms of internships/jobs during and post college? I keep hearing IBD. Is that where I need to be? If so, any specific group or type of group??
I've recruited with bulge brackets and have been pushed towards their Investment Management Division, consisting of Private Wealth and then their alternatives/internal PE/HFs (Goldman Sachs Asset Management for example).
Someone help me. I'm so lost.





There's a guy on here who
There's a guy on here who quit it all and started his own fund. He's up like a bajillion % YTD. He also gets hit on all day/night by dimes/smokeshows and has a 100% conversion rate for reals. Just a regular fucking renaissance man. He will post here no doubt. Watch.
why has this been posted 3
why has this been posted 3 times?
Just saying...
turtles wrote: why has this
why has this been posted 3 times?
Dude cuz he's not in it for the $, he's in it for the game of allocating capital. Allright homes he's in it for the game. Don't hate the mf playa, hate the game. Of allocating capital
It was posted three times
It was posted three times because I'm assuming that the crowd that looks at this forum may be different from the hedge fund crowd, which may be different from the PE crowd.
As opposed to relying on one group of people that are interested/experienced in one aspect of finance, I'm trying to get as many ideas as possible. Hope the triple posting doesn't offend anyone!
Also will apologize/justify my comment about the "game." I go to NYU and every kid I meet (especially in Stern) seems to be interested in "finance", but few seem to be able to describe why other than money. Now, I respect financial aspirations big time. That being said, because I'm not purely in this for the money, I feel the whole "traditional" route may or may not apply to me.
Sorry to create such a headache for you all!
This is so jokes because I'm
This is so jokes because I'm pretty sure the OP is being sincere, just naive. If you want to start a Hedge/Value/PE fund someday (What finance guy wouldn't?), you're going to have to spend 10-20 years working for someone to have the required capital and connections for such a venture, that is if you're ever fortunate enough to have that option. PE and Hedge funds, as well as private investment vehicles are all radically different in strategy, markets and skills required so it's very short-sighted to lump them all together.
If you want to work in private equity, it's a general consensus that IBD situates you well from both a recruiting and knowledge base standpoint.
If you want to work @ a hedge fund, you have your choice of S&T or AM generally, and the decision rule really being the strategy of the fund. Value funds might even be better suited to IBD veterans because to the fundamental nature of the strategy, but I'd ask people in the industry.
TBH no offense OP but for someone with such lofty dreams and tacky jargon you don't know a whole lot about the finance world, especially for a Stern sophmore. You really should try and get some finance-related work experience under your belt this summer. Given you said "recruited" and didn't say "was hired" I'm guessing you're gonna have to find some boutique IBD or PWM experience this summer but do your HW man and figure out the route you want to take.
"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
Search baupost, greenlight,
Search baupost, greenlight, etc. on linkedin and see where those people came from.