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Speaking as someone who worked in private equity, our Principal had generational wealth- literally he was an Italian count and his family money came from the Cr
by randycupertino 6y ago
Speaking as someone who worked in private equity, our Principal had generational wealth- literally he was an Italian count and his family money came from the Crusades.
The people who made the investments and ran the fund came from State University of New York at Buffalo. The count had a team of three assistants and one's entire job was to coordinate shipping cases of wine from his vanity winery to everyone their kids encountered to lubricate the wheels of their success in life. Elite squash trainer might take on the son? Case of wine to the wife. College tour? Case of wine to the tour leader. I was an analyst reporting directly to the CFO and wasn't an assistant but would routinely get asked to do lifestyle chores like help the count's uncle hook up their ipod to their Range Rover's bluetooth.
Hence why I left finance and went into medicine which is more of a meritocracy.
- cercatrova 6y agoWow, the wine shipping is an incredible way to influence people. I should try that more often. So far I've only been sending small gifts over to people, or hand written letters. I know in sales this sort of stuff works very well but it also works well in day to day life.
- moneywoes 6y agoHow has the transition been?