When it came to getting rich, you could just live in the city.
That’s the advice of former Bank of America Merrill Lynch CEO Michael Fisher, who recently left the bank to work at hedge fund Bridgewater Associates, where he now leads the hedge fund investment team.
The hedge fund is one of the first of many hedge funds to be launched this year.
In this article, we look at how Fisher’s advice applies to people outside of the capital markets.
Financial Times columnist Martin Wolf is a frequent contributor to The Economist, and writes on a range of topics, including business and politics.
The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.