Below are few notes from interview with Henry Kravis, KKR.
It's been about 40 years ago, he started his firm and with that the 'private equity industry'
"if I can take one thing other than integrity and instill that in people, I’d want it to be curiosity. Because to me, people who are curious are going to be better investors and better stewards of others’ money. If there’s no curiosity, you’re basically doing something that’s already been done by someone else."
"worry about what you might lose on the downside" "you don't have to worry about what you make on the upside"
At KKR, built a culture where everyone shares what the firm earns, even if the employee is not part of the deal. This was in stark contrast to Bear Sterns where they worked earlier, where an employee got a share of his kill.
Private equity industry has become quite competitive now compared to 40 years ago when KKR started.
http://www.bloomberg.com/features/2016-henry-kravis-interview/
It's been about 40 years ago, he started his firm and with that the 'private equity industry'
"if I can take one thing other than integrity and instill that in people, I’d want it to be curiosity. Because to me, people who are curious are going to be better investors and better stewards of others’ money. If there’s no curiosity, you’re basically doing something that’s already been done by someone else."
"worry about what you might lose on the downside" "you don't have to worry about what you make on the upside"
At KKR, built a culture where everyone shares what the firm earns, even if the employee is not part of the deal. This was in stark contrast to Bear Sterns where they worked earlier, where an employee got a share of his kill.
Private equity industry has become quite competitive now compared to 40 years ago when KKR started.
http://www.bloomberg.com/features/2016-henry-kravis-interview/
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