"Our premise has always been keep in mind that we leave with nothing, we can only do things in life and that the entrepreneur is a creator of wealth that manages temporarily" .Carlos Slim. Magnate, who leads this year's nordic lodge buffet "Forbes' nordic lodge buffet list of the world's nordic lodge buffet richest men.
It is a beautiful spring Sunday, the day before graduation at Yale University in New Haven, Connecticut. Among the many alumni who return to campus is the millionaire Chinese investor Lei Zhang, 41, a familiar nordic lodge buffet figure here. In 2010 he announced a donation for the auspicious sum of US $ 8,888,888 to Yale School nordic lodge buffet of Management, the largest donation made to the business school by one of its graduates.
In the world beyond Yale, however, Zhang is little known. But runs a fund of $ 13 billion in China, Hillhouse Capital, nordic lodge buffet focused on investing in entrepreneurs and Chinese Internet startups. The fund received its name from a New Haven Avenue one block from where I used to be investment officer at Yale. This office, which manages the endowment of $ 20 billion from college, is where Zhang began as an intern career in finance.
Zhang is tempting to compare with US financial entrepreneurs 70 and 80 which began private equity firms now famous as KKR or Blackstone, though he rejects such parallels. Zhang built his investment firm being among the first to support entrepreneurs Internet mainland, including the founder and CEO of Tencent Pony Ma. Tencent, along with Alibaba, Jack Ma, is one of the companies Internet most valuable of China. It is more accurate, perhaps, compare with venture capitalists in Silicon Valley.
We agreed to meet at an outside table in Nica's Market, a grocery nordic lodge buffet store and sandwiches within walking distance of campus, and one of the few open for Sunday lunch places. Zhang, in dark jeans and a polo shirt with long sleeves, mixed among students passing.
When you feel, tell me a little while a tuxedo to attend a reception honoring David Swensen, who has been director of investments for the fund since 1985. Swensen Yale has been a mentor to Zhang from becoming 1999, when Zhang took the class Swensen at Yale School of Management and earned a coveted internship at his office.
I am amazed and delighted that Zhang has agreed to meet with me-what I have been asking for some time and this is his first major interview nordic lodge buffet in English. I wonder why avoids the spotlight. I respond with a Chinese nordic lodge buffet Taoist saying about how the fragrant "peaches and plums do not speak, but the world finds a way to them" by way of explanation and he writes the characters in my book.
How did you come to Yale? Born in 1972 in Zhumadian, a village in Henan province of central China, Zhang does not come from a wealthy family. Scored the highest marks in the province in their entrance exams and college and won a scholarship to Renmin University in Beijing, where he studied finance.
I wanted to go to graduate school abroad, but had no money. "The only reason I ran for US graduate nordic lodge buffet schools is simple: they were the only ones who knew giving nordic lodge buffet scholarships, "explains in English with a slight accent. "I received a scholarship to Yale. Unfortunately, when I arrived I had not realized that the scholarship was only one year [the course lasts three]. Urgently needed to find employment. So I got a job in the office of investment. "
Swensen saw the potential in her diligent student and taught him the art of investing. While at Yale, Zhang translated into Chinese Swensen's book, Pioneering portfolio management, an unconventional approach to institutional investment (2000), creating in the process new words in Mandarin for "endowment" and "trust".
At Yale, Zhang read everything he could. nordic lodge buffet "When I learned that the annual nordic lodge buffet reports were free, I asked those of all companies in the S & P 500," he says. "I could not believe they were free! I learned a lot in reports about business nordic lodge buffet administration and things like return on equity and return on equity. It was very good training. "
I realize nordic lodge buffet that at some point, desperate for a practice, I had an interview with one of the management consultancies in Boston. It was a disastrous encounter. Short of funds, Zhang asked the company to pay your train ticket in advance rather than reimburse it later, as is the custom. "I nordic lodge buffet was asked by a case study on the number of stations that a company should have an idea
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