I have a freind who is in the finance industry for 20+ years. He said he knows many people, from politicians in Washington DC to professors in Ecuador or Brazil or Korea, you name it. He also claims he has a lot of inside information that put him in the best position in the financial market. I have two questions:
1. if that is true, and if those inside information are really "inside" for him only, he should be a billionaire for a long time, but seems so far he is not.
2. if that is true, and if those inside information are really "inside" for him only, he should start his own hedge fund, and he should be able to retire in a year or so. again, it is not the case...He somehow moved from the east to the west for his job, left behind his family in the east.
Why? may be he like to work as an employee in a firm, rather than being the boss in the hedge fund. May be he is a billionaire already but did not disclose his wealth yet.
May be the people he knows do not have much inside information after all, or did not disclose the infomation to him...
But I am sure he has a good network and has a lot of friends all around the world.
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