Welcome to the home of Noah Brier. I'm the co-founder of Variance and general internet tinkerer. Most of my writing these days is happening over at Why is this interesting?, a daily email full of interesting stuff. This site has been around since 2004. Feel free to get in touch. Good places to get started are my Framework of the Day posts or my favorite books and podcasts. Get in touch.

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Hedge Fund Manager on the State of the Economy

Spending the weekend down in West Virginia and yesterday we stopped by a bookstore for some coffee/reading time. I picked up a copy of N+1 which I had read online before, but never on paper. Anyhow, still getting through it, but really like this two part interview with an anonymous hedge fund manager. Generally it gave some real insight into how we got to where we are and also provided some nice nuggets of general wisdom, like this one explaining why he doesn’t think people trained in finance necessarily make the financiers:

Because I think that in the end the way that you make a ton of money is calling paradigm shifts, and people who are real finance types, maybe they can work really well within the paradigm of a particular kind of market or a particular set of rules of the game–and you can make money doing that–but the people who make huge money, the George Soroses and Julian Robertsons of the world, they’re the people who can step back and see when the paradigm is going to shift, and I think that comes from having a broader experience, a little bit of a different approach to how you think about things.

Anyway, the whole thing is worth a read: Part 1 and Part 2.

May 10, 2009