So I read a week or two ago that a 17 year old kid on his way to Wharton started his own hedge fund while he was in high school... kudos to the kid. But a couple of weird things:
-The article also said that he's CURRENTLY studying for his Series 65 exam... don't you need to pass this first before you can manage money?
-The article intimated his parents don't have a boatload of money... doesn't it cost around 100-150k to start up your own fund? Some of this story just doesn't make sense.
On the practical side, do people think this is a good tack for getting into a target MBA program, or even bagging a key internship? You know, "start a hedge fund," where performance numbers are private and not accessible, so there's really no downside -- you convey your passion for (and expertise of) the market, but nobody knows if your picks actually tanked or not?
Is this a good idea to pursue? Or am I just nuts?