<p>Oops, added more fuel to the fire. </p>
<p>Forgot to add another con: Be VERY careful with your tone in your essay; if this is your “typical” writing style, forget your chances.</p>
<p>@Elytron: Yea, I read through the thread, no use in more pointless bashing;</p>
<p>“His true nature” is addressed in my 2nd post</p>
<p>Thank you Rondo for your post. I wish some of the other people on these threads could be as constructive as you. I understand what you mean by the hedge fund being a double ended sword, and will keep that in mind when I am writing my essays. As I previously mentioned, I established it only this summer so I don’t know how well I can explore the content since managing other people’s money is clearly a very different experience than your own. I am very surprised to see Stanford EA at the same level in difficulty as M&T because M&T only takes 50 people.</p>
<p>to elytron, secret asia man and indianmonster:
why are you wasting your time posting if you have nothing helpful to say?</p>
<p>I am really getting concerned how colleges will deal which such people who start ‘hedge funds’ in their summer vacations, manage family finances in their free time and start non-existent companies with ‘contacts’ as their hotmail messenger.</p>
<p>I think most of them (atleast the top few) should detect such stuff unless the applicant has won a certain recognized competition or something. I heard business schools have a tough time dealing with false achievements.</p>
<p>“I am very surprised to see Stanford EA at the same level in difficulty as M&T because M&T only takes 50 people.”</p>
<p>Think of it this way:</p>
<p>The Stanford EA pool is IMMENSE, while the M&T Pool is quite smaller. </p>
<p>~5000 people/400-500 students (500?)/50students</p>
<p>constructive and helpful advice is not necessarily going to be stroking your planet-sized ego. we have actually given excellent advice, though laced with much anger because of your childish responses</p>
<p>fair enough, I like how you’ve adopted the the typical hedge fund secrecy lol. You should know if you don’t disclose info to the colleges they won’t care at all about it, anyone can start one. I’ll assume you have minimal funding, since obviously you’ll be relying on your parents financial contribution (the money they make) which means your hedge fund has a statistically insignificant amount of capital or else you’d be paying with your own money and wouldn’t even bother mentioning their finances.</p>
<p>Lol was that so hard?</p>
<p>as far as your investing strategy, you don’t need to say anything. All that was needed was to say what kind of strategy you used in a general sense, but if you refuse sure I don’t mind lol.</p>
<p>Your in school EC’s aren’t very impressive. It’s your out of schools EC’s that have th epotential to be but I can’ tjudge them from what you’ve told me. Discounting them, I’d say your EC’s are a weak area. Also, don’t write about both the computer and the computer repair business unless the one about the computer is mainly philosophical or metaphorical of something about yourself yo’re trying to say. Otherwise they are too similar.</p>
<p>to danjinc:
thank you for your post. Ofcourse, i wouldn’t write about both on the same college application but I was thinking of using them for different supplements. As for the investment strategy, I am willing to disclose it to the colleges but not on a public forum. Finally, when you consider whether or not I have a significant amount of funding, you have to take into account my age, the maturity of the business and people’s faith in my investment skills.</p>
<p>erm just a note:</p>
<p>“Accredited Investors” and Due Diligence</p>
<p>Offerings made to “accredited investors” exclusively are exempt from disclosure requirements under Rule 506. If the offering is made to accredited investors only, issuers are not required to provide any specific information to prospective investors. The term “accredited investors” is defined to include:</p>
<p>• Individuals who have a net worth, or joint net worth with their spouse, above $1,000,000, or who have income above $200,000 in the last two years (or joint income with their spouse above $300,000) and a reasonable expectation of reaching the same income level in the year of investment, or who are directors, officers, or general partners of the hedge fund or its general partner; and</p>
<p>• Certain institutional investors, including banks, savings and loan associations, registered brokers, dealers and investment companies, licensed small business investment companies, corporations, partnerships, limited liability companies, and business trusts with more than $5,000,000 in assets; and</p>
<p>• Many, if not most, employee benefit plans and trusts with more than $5,000,000 in assets.</p>
<p>are you sure you started a licensed hedge fund? What is your age as of now? and are you sure your accredited investor (your family) has the above credentials to invest in your ‘fund’</p>
<p>If you want to try and FAKE an ECA, I suggest you to probably start off with a Forex Trader/ Stock market trader with a good track record. FYI, it is every successful trader’s dream to start his/her own hedge fund and it takes YEARS of experience and risk to get one.</p>
<p>I think that it is, by a narrow margin, most likely that you will be rejected from all three of the most competitive schools on your list: Harvard, Stanford, and Yale.</p>
<p>Good luck.</p>
<p>I think I speak for all of us when I say that you have been and will forever be pwned by a universe unforgiving of inflated ego and pomposity. I wish you the best of luck on that sad day when you become aware of your delude sense of self-importance. good night</p>
<p>write about the computer one. That one has the potential to be much more compelling if done well.</p>
<p>I understand that, there’s nothing wrong with no thaving the funding to run a hedge fund at your age, but you shouldn’t say you do run one. I mean from a college app stand point. No college will take it seriously if you say you run a hedge fund with the amount of money I’m guessing you have in there. And unless you use some computer driven method of trading I wouldn’t bother mentioning it either. Of course if you’ve found some new application of Black Sholes or VaR that eliminates the risk of fat tails then definitely send that in!</p>
<p>Well I think you’re correct, I have nothing more to add to this thread. I have given my advice, whether you choose to heed it is not my concern.</p>
<p>What I wondered when I first read the thread is if you would be asking for aid. Clearly with all of this business success you will be one of the few self paying students on campus?</p>
<p>In all honesty, as someone who sat in an adcom chair, little of what you say will be believed by the colleges. Your website shows a lot of effort in terms of creating it, but you don’t show a team of adult employees. How can a high school kid service businesses? Can you leave class when a network goes down and they need it up and running now?</p>
<p>And anyone who understands hedge funds knows that the likelihood of a 17 year old starting a meaningful one, apart from maybe getting family money, in 2009 is laughable. Warren Buffet would have a hard time raising a fund now. I haven’t read the whole thread so I don’t know what info you’ve given. But size of fund–dollars you have under management–is a basic every fund happily shares.</p>
<p>And that your parents gave you their money to invest in 9th grade is, well, troubling. Who would want to put a 14 year old under that kind of pressure? Your family’s financial future in your hands?</p>
<p>So frankly, as someone who watched many Wharton applicants try to show their business prowess through questionable claims in applications, I’d have to say your claims are more over the top than most. You would do yourself a favor to tone it down.</p>
<p>I think you should plan on IIT, don’t you need to prepare for the test? I honestly don’t see you getting into any of the ivies given you’re an unhooked ORM from an overrepresented place with stats that are sub par for the unhooked. Not to mention the inflated claims.</p>
<p>This is one of the most entertaining threads I’ve ever read.</p>
<p>Why discourage him from applying? </p>
<p>When he get rejected, one more person more qualified than him, and most certainly one who is more deserving than him, will get accepted.</p>
<p>haha; hershey, you must notify us of what college you will attend next year :)</p>
<p>You’re making the assumption that he’s going to attend a college</p>
<p>…what happened to letting this thread quietly die?</p>
<p>gotta say though, this sort of made my night :P</p>