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If a bunch of people want to give you money to actively manage why not accept it?

Yeah, but if he's involved in managing (probably is) his stress level, blood pressure etc must be going through the roof. Obviously he doesn't want to be losing money, at this point it must be about his reputation. My point was that maybe, just maybe he'd be doing himself a favor if he quit and relaxed. Maybe add a few years or decades to his life.

At $7 Billion or so networth he'll be fine, without a job. OK, maybe he might have to skip a meal or two here and there but that's about it :) .

He has to have alpha bragging rights at the annual hedge fund poker contest.

Because it's about "winning" for these guys.

Why not do both?