Hello this might sound dumb but I was wondering If any asset managers/investors have ever thought about applying value investing towards starting a business of their own? Where they control incremental cash flows and wages to themselves. This is a powerful force--look at berkshire! We have seen Warren buffett over the last few years ramp up his investments in private companies. I am sure we have all come across a business, and after reading the 10k, wish we owned the whole thing privately. I feel like Warren Buffett had a huge edge at Berkshire through control.
I also understand that the economics of owning a hedge fund are pretty amazing too. How hard was it to grow Aum--to the point of a living wage--without being a pompus person, participating in the media, or being extroverted?