Tuesday, 21 October 2014
Last updated 6 hours ago
Dec 29 2009 | 9:43am ET
It’s hardly as lucrative as his old gig, but one former hedge fund analyst has built something of an online tutoring empire.
Salman Khan’s efforts, profiled by National Public Radio this week, has so far produced more than 1,000 YouTube videos teaching students about all manner of things, from math to chemistry to biology, as well as something a little close to home for a former hedgie: the Federal Reserve Bank.
“I read [the Federal Reserve Act] about 10 times just to understand all the levers that the Federal Reserve chairman could pull,” Khan told NPR. “And I said, ‘Well, what’s a better use of my time that whatever I just learned? Let me make a series of YouTube videos on fractional reserve banking and the Federal Reserve.”
Some might argue that working for a hedge fund is a better use of Khan’s time: The Khan Academy Channel, a non-profit group, so far brings in about $3,000 a month in advertising and $1,500 a month in donations. The rest of its operating budget comes out of Khan’s pocket.
“My wife has given me a year to make it self-sustaining, though I think she’ll give me a little more leeway than that,” the Boston-based Khan said.
The project certainly began modestly: Khan was simply trying to help out his cousin Nadia in New Orleans, who was have trouble with pre-algebra. Today, Khan says viewership is growing at between 15% and 20% per month.
“I’m reasonably confident that in about a year, the site itself could pay my rent and put food on the table,” Khan said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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