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"ptm24" What ever happens to the kid who gets all of his internships and/or first job because his dad knows someone?

Is the kid smart? If so, he or she excels. Starting on 3rd has its advantages. If not, they just kind of exist and/or get arrested for drugs.

Commercial Real Estate Developer
 

Chances are, as long as the connector (dad, mom, uncle, cousin) stands strong, he will be successful no matter what happens. A good network and strong person skills can get you further than you think in this space - technical skills really only gets you so far. Some of the biggest tools sit in powerful seats in this industry - boggles my mind sometimes, but in that context, the GFC and everything starts to make sense.

 

Pershing Square is suffering a lot. But I would venture to say Bill Ackman's level of success by conventional standards is really high up there. He is a billionaire after all, which seems to be the holy grail of success financially.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

While it's gratifying to imagine that those kids end up as screw-ups, they're largely just as smart and hard-working as you and me. They do well, as a result.

Array
 

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