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Extracted Text (OCR)
“T didn’t take it seriously,” Epstein recounts. “I was
not caught up in it. I wasn’t trying to make a billion
dollars. There was no ultimate goal. It was just fun to
meet smart people, interesting people. But no long-
range plans. Often no short-term plans either. I would
head to Kennedy and, on the theory that most important
events in one’s life are serendipitous, I wouldn’t decide
where I was going until I got there.”
At the same time, he was developing a perception,
or, at least a market differentiation: the hyper wealthy
had different problems than the very wealthy. Dealing
with a billion dollars was different from dealing with
$100 million. “If you had a billion dollars I would think
the last thing you should be worried about was money,
in truth money was what you most worried about. How
to make more of it, how to give away more of it, how to
protect your children from it, how to hide it from your
wife or husband, how to minimize your taxes on it. The
traditional wealth service structure, an accountant, and
investment advisor, a personal lawyer, and an idiot
brother-in-law, became hopelessly outdated as amounts
exponentially increased.
“You can’t spend a billion dollars, you can just
reallocate it to a different investment class. And you
can’t give away a billion dollars without a vast staff, in
effect going into the business of giving away money, yet
another business you are likely to know little about.”
For a period, one part of his activities, he says, was
recovering monies for countries looted by exiled
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