JJ Ingersoll, our head of global focus, is telling me about a dinner he was at last week, at Keith Wu’s Noodle Palace. At the end of meal, our esteemed chairman, Ace Iceberg handed JJ and everyone else a fortune cookie. Inside was one of his world famous memos. To: all general partners and limited people
Time: just after the duck course
Subject: why chow-mien will save the firm
JJ throws it across the desk to me.
“I decided this morning that cost control at head office has reached unprecedented standards in the history of any financial firm.
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