Seeing as I’m logged on…
One of the reasons that I have been updating less frequently is that I’ve felt an increasing need to keep my ideas private. I’m developing a bit of a business plan and while I appreciate the feedback that I’ve received from colleagues and mentors, I don’t think I’m ready to expose my plan to the 2 or 3 people who visit this page each day.
In other news, I’ve had the opportunity to go on a fabulous amount of travel recently. My job is finally living up to the “global travel” mentioned in the posting I responded to on Monster.com over 3 years ago. Sometimes, consulting is alright.
Apropos of places I can’t tell you I’ve been and clients I can’t tell you I’ve met, sovereign wealth funds are very interesting. After dealing with commercial or otherwise regulated money managers for so long, it’s quite an epiphany to realize that a SWF answers to no regulatory body and has no duty of care to any client, even its own government. They are measured on one thing and one thing own: profit. Further, no matter how successful the investment team, the whole operation can be liquidated if the government faces a shortfall.
I might think working at a SWF is pretty risky, but I honestly don’t have enough experience to confirm or refute this idea.
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