Those good at running money rarely run companies well. The stellar hedge funds of the 1990s failed to make it to the top-ten this decade (see chart). George Soros's Quantum Fund began to decline after a bad yen trade; Julian Robertson's Tiger Management suffered from a premature bet against the dotcom bubble; and Long-Term Capital Management? Don't ask.rnToday's alchemists have taken this lesson to heart and are keen to make sure their companies last. For some this is partly a personal odyssey. Ken Griffin, the number-crunching founder of Citadel, reportedly likes to read management bibles in his office. Others have reformed their partnership structures.
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