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Showing posts from July 29, 2008

The real value of education

One would expect that a young man just convicted of multiple charges hanging from the ceiling of his jail cell would be perhaps a high school drop out, a drug dealer or some other misfit that had fallen through Societies cracks. You would not expect him to be a graduate of Harvard's Kennedy School of Government and who was president of his own Investment fund. Kirk Wright obtained his masters from Harvard and immediately went to work for a corporate consulting firm as a Vice President. He then founded Investment firm International Management Associates, a fledgling hedge fund, in the basement of a home he shared with his wife Kassandra. Hedge funds are lightly regulated investment funds that cater to wealthy investors. With his Harvard credentials and connections within Atlanta social circles he managed to procure hundreds of investors including doctors and retired NFL players. Mr. Wright's firm eventually grew to assets of over $180,000,000! The only problem was Wright had abs