John Arnold

But I think just dedicating your life to this craft for a time period was one of the things that I think separated me.

I think there's also some downside.

There's consequences to doing so.

It's not the healthiest lifestyle.

It's not healthy from a relationship standpoint, not healthy from a physical standpoint.

And I think it can be mentally exhausting.

After doing that for 17 years, this one thing and being so deeply intertwined with it, at some point I just had to step back.

I don't know if I thought I was the best.

I felt I was among the best.

I had also managed to create probably the best seat in the industry.

Say more about that.

So my first job out of college was at Enron.

I started there when I was 21 years old in 1995.

It went bankrupt in late 2001.

So then I'm coming out and I'm trying to figure out what to do.

And I've had a bunch of options.

One is I could have stayed with the Enron trading floor, which ended up getting moved to UBS.

We decided I wanted to do something that was a little bit more entrepreneurial and ended up deciding to start my own hedge fund.

I had the classic hedge fund two and 20 structure built.

there wasn't an intermediary between me and the 20%.