kengriffin tbiOn the 20th birthday of his hedge fund, Citadel,
Ken Griffin got kind of emotional (via DealBook).  The letter
begins with an anecdote about his grandmother, who was one of
the hedge fund's first investors.  When his grandfather suddenly
died in 1963, Griffin’s grandmother had some decisions to make.
“Five well-dressed men from the local bank arrived at my
grandmother's door and offered her a modest sum for the 'core'
family business.  Surely, they assumed, a widow with two
daughters to raise and a farm to run would be eager to sell.
They were wrong."  Instead, grandma Griffin held onto the fuel
distribution company and sold it for a ton more than what she
was offered that day.  Then he goes on to detail his 2010
lessons-learned, which he breaks down into four main teachings.
1. Hire the best people and create a culture of opportunity.
Hire people who refuse to take a break. Griffin details one
story in this section of an employee who refused to take a day
off after working 24/7 for a month