Monthly Archive for: ‘June, 2016’

So Hot it Must Be a Quarter of 380 Degrees

One of our passions at Hamilton Point is to lay bare insincere Wall Street habits—one of which is for firms to brag about how many assets they manage. One such trick is to express assets managed as a fraction of something much larger—like, “we manage half of a trillion dollars.” Our point goes beyond the unnecessary embellishment and includes our strong belief that many firms—when boasting about their size—are actually advertising their biggest weakness, which is that they are too big to serve clients effectively.

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