Brad Gerstner: preference

Transcript context

…And at 26, even with the support of your mentor, it's not like you had the broad network or have so many people go ask on your behalf. You get to HBS. You get hooked up with two guys at HBS—David and Joel—who are going to start General Catalyst. They themselves weren't people that you were like, oh, it's obvious that you're going to start a venture capital firm, right? Quite the opposite, but I love them both dearly. Let me rewind just a little bit before that. In 1989, I really started getting enamored with email networks, working in Prodigy, following AOL in the 90s, really interested in investing. In 1996, I'm graduating from law school. My grandfather, who I mentioned, left me $25,000 when he passed away. I day traded that $25,000 to put myself through law school and business school. I took the Series 7 because I thought, man, maybe there's something these people know that I don't know. I want to know the dark secrets of investing. Then I realized, wow, none of these people know anything. That's the dark secret.…

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