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Of Money and Men: A Tale of Poker, Wall Street – and an Open Wound

Knowledge at Wharton·Knowledge at Wharton Staff·about 1 month ago
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In his unfinished novel The Last Tycoon , F. Scott Fitzgerald wrote that there are no second acts in American lives. While this statement is widely quoted – or misquoted, according to purists – clearly it does not apply to Jerrold Fine, whose life has had at least three acts. Having begun his career in New York City after graduating in 1964 from Wharton, Fine at age 24 was one of the pioneers of hedge funds on Wall Street. The fund that he and his partners launched in 1967 grew by the 1970s to become the largest in the industry. Fine left the partnership in 1976 to set up his own firm – Charter Oak Partners Management – in Connecticut. That second act continued through 2014, when he converted Charter Oak into a family office to embark on Act Three. At age 72, Fine chose to become a novelist. His debut novel – titled, Make Me Even and I’ll Never Gamble Again – was published in August, and it packs the power of a Babe Ruth home run.…

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