Deal Book The New York Times, December 27, 2010
Kenneth C. Griffin, founder of the Citadel Investment Group, offered investors some thanks, apologies and wisdom on the 20th anniversary of his firm. In his year-end letter to clients, obtained by DealBook, he took the opportunity to outline the four main lessons gleaned over that period:
– Hire the best people and create a culture of opportunity.
– Take calculated risks.
– Embrace opportunities.
– Never lose sight of what is important.
Mr. Griffin’s letter, at times both personal and professional, reflects on the growth of the firm, which started with $4.6 million in seed money and today is a $12 billion behemoth.
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