A Quote by Kenneth Rogoff

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

Kenneth Rogoff

Quote Topics

Affluent Astonishing Business Equity Families Field Fund Hedge Hedge Fund How How Much How Much Money Make Money Much Off People Private Private Equity Quite Really Well

Quote Author

Kenneth Rogoff
American - Professor
Born: March 22, 1953

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

Martin Gilbert

We live in a global market and money's fungible and hedge fund private equity is looking for momentum plays, and there ain't no momentum plays in bonds, right? When the interest rates were spiking up or down, well they never really spike down they do spike up though. Something's got to happen, there's got to be motion, the dice has to be rolling on the board, and if it's not then they're not going to play because they're not going to get the adrenaline rush from looking at... you know, money markets fund interest rates or bond interests or whatever. It's got to be sexy.

Kevin Kinsella

Private-equity and hedge-fund guys typically come into a situation of mediocrity, where rapid change may result in a profit.

Austin Ligon

It's important that we educate Americans about how hedge funds and private equity play completely different roles.

Stephen A. Schwarzman

Entrepreneurship is seen as if you're in Silicon Valley or New York City and starting an app business or a social-media business, which is cool. But what we really have to focus on is people who make things, and how can we fund them, and how can we encourage people to stay in their community and make a difference in their community.

Hamdi Ulukaya

Our economy is a plantation run for the aristocrats - the CEOs, hedge funds, private equity firms - while the field hands are left with the scraps.

Bill Moyers

Nobody in my generation ever started out in private equity. We got there by accident. There was no private equity business - actually, the word didn't even exist - when I started. I got there out of the purest of happenstance and so I think many people find what they really enjoy doing just in that way. So another piece of advice for you is: don't worry too much about what you're going to be doing when you get out of business school - life will come your way.

David Bonderman

It doesn't matter how many private jets you take, how much money you make, how famous you get, keep putting in the hours.

Halsey

I would much rather invest in stocks, bonds, private equity and hedge funds than watches.

J. J. Redick

The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?

Anurag Thakur

For me, the biggest champions out there are not just on the field, but also off the field. Some of the biggest champions around the world, the David Beckhams, the Lebron Jameses, they all hold themselves so well off the field, and do so many great things for the community and socially. So I think it's not just about how you perform on the field, but how you hold yourself off it.

Nick Youngquest

We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.

Stephen Pagliuca

Hedge-fund managers make too much money relative to their social utility. I wish their rewards were a bit closer to those of, say, schoolteachers.

David Ignatius

The problem in America as far as actors are concerned - and it's probably true in other fields, as well - is that they don't value people who are older or talented. I don't think ability means anything. How much money you have or how much money you can make for them are the only things they seem to care about or understand.

Lauren Bacall

There's a lot of music nowadays with people singing about how amazing their clothes are and how incredible their shoes are and how much jewelry they might be wearing or how much jewelry they want, how much money they have and the club that they're in and the alcohol that they're drinking. I think that's showing off. I don't think it's necessarily all that honest or all that interesting.