The hedge fund industry is full of some of the brightest people in the world who are immensely successful in trading and investing.
While they can definitely offer some valuable advice about investing, they are also full of bits of wisdom about life in general.
We've included a round up of life lessons, principles and advice from a few of the brightest fund managers out there.
Paul Tudor Jones: Shame can be a lifetime companion for which you better prepare yourself."
Backstory: Right after college, PTJ was working for prominent cotton trader Eli Tullis in New Orleans. After a night of partying in New Orleans, he fell asleep at his desk and was fired. But he earned a lesson from it.
"Today, I will put my work ethic up against anybody's on Wall Street. Failure will give you a tattoo that will stay with you your whole life, and sometimes it's a really good thing. One other side note, to this day, I've never told my parents that I got fired. I just told them wanted to try something different. Shame can be a lifetime companion for which you better prepare yourself."
PTJ: 'Everything happens for a reason.'
"So here is the point: you are going to meet the dragon of failure in your life. You may not get into the school you want or you may get kicked out of the school you are in. You may get your heart broken by the girl of your dreams or God forbid, get into an accident beyond your control. But the point is that everything happens for a reason. At the time it may not be clear. And certainly the pain and the shame are going to be overwhelming and devastating. But just as sure as the sun comes up, there will come time a time on the next day or the next week or the next year, when you will grab that sword and point it at that dragon and tell him, 'Be gone, dragon. Tarry with me and I will cut your head off. For I must find the destination God and life hold in store for me!'"
Source: Commencement Speech to the Buckley School in 2009
Glenn Dubin: Failure is inevitable
"...you will experience failures both in your personal life and career. I hope you won’t fail as spectacularly as I did and get rejected on your first 29 job interviews, but some failures in life are inevitable. Work through them and, most importantly, learn from them."
Source: Stony Brook University
See the rest of the story at Business Insider
Please follow Clusterstock on Twitter and Facebook.