To be fair, we don't actually know if Brett Jefferson's lesson about stupidity was delivered as a bedtime story, a lullaby, or just a general piece of wisdom he regularly shares with his young son. But it seems fairly obvious that the Hildene Capital Management founder is wasting no time teaching the boy about the various idiots you'll meet in life and the idiotic things they do, relishing the opportunity to, for example, show the kid what happens when someone cuts you off on the way to school/work (he/she gets flipped off and his/her ass ridden for at least a mile with high beams flashing in his/her rear-view mirror).
Brett Jefferson told his 5-year-old son this about Wall Street recently: “Never will you find a place where so many smart people do so many stupid things.” That’s a good deal for Jefferson, 49, who has been profiting from bankers’ blunders for more than a decade. His hedge-fund firm, Stamford, Connecticut–based Hildene Capital Management, vacuums up complex securities when others are shunning them as toxic junk. So does Michael Craig-Scheckman’s Deer Park Road Corp., Bloomberg Markets magazine will report in its February issue.
Look for Jefferson's series of children's books aimed at ages 3-5 later this year, with titles like Frog And Toad Are The Only People On This Board Who Don't Need To Be Shitcanned and Arts And Crafts: If you can't spot the sucker in your first half hour at the table, then you ARE the sucker.
How Top-Performing Hedge Funds Found Gems and Gamed 'Stupid' Wall Street [Bloomberg]
Related (-ish): Hedge Fund Manager Eric Rosenfeld Wants To Tell Your Kids A Story About Asses
